Which firms do not use the 'free market' approach?

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Which firms do not use the 'free market' approach?

Postby Perseus_I » Sat Jul 28, 2012 3:35 am

The idea of this scares me. Besides Cravath, which firms (TX or NYC) do not use this approach to assigning work? What are the pros and cons of a free market system vs. a more regimented system? I think I would do overwhelmingly better in the latter, but maybe I do not fully understand the implications of each.

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Re: Which firms do not use the 'free market' approach?

Postby Lawyerhead » Sat Jul 28, 2012 11:02 am

Even when a firm doesn't expressly use the free market approach, it still uses the free market approach. By that I mean, you can't totally rely on a coordinator giving you work, especially the exact work you want. Plus some partners/senior associates staff directly.

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Re: Which firms do not use the 'free market' approach?

Postby Anonymous User » Sat Jul 28, 2012 11:04 am

DPW SA here.

In certain groups, you'll totally rely on the coordinator for the first few years. M&A, Cap Markets, and Credit (the three big groups) are all this way. Smaller groups have much more of a free market feel, despite the existence of a coordinator. E.g., FIG.

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Re: Which firms do not use the 'free market' approach?

Postby keg411 » Sat Jul 28, 2012 11:14 am

A lot of it depends on what group you're in. Also, some firms are way more free-market then others. It's probably easier to post the "pure free-market" firms than the non-100% free market firms.

Firms I know of that use 100% free market:

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