Which firms do not use the 'free market' approach?
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Perseus_I
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Which firms do not use the 'free market' approach?
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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Lawyerhead
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Re: Which firms do not use the 'free market' approach?
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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Anonymous User
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Re: Which firms do not use the 'free market' approach?
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.
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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keg411
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Re: Which firms do not use the 'free market' approach?
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:
Kirkland
GDC
Dechert
Cahill
Firms I know of that use 100% free market:
Kirkland
GDC
Dechert
Cahill
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