Reed Smith CB

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Re: Reed Smith CB

Postby Anonymous User » Thu Sep 20, 2012 2:23 am

Anonymous User wrote:
Anonymous User wrote:Serious question: why do they pay below market? Is it to stay competitive on rates?


I think it's more about being a Pittsburgh based firm. There's absolutely no reason to pay 160 in Pitt and it's probably bad for morale to have associates in the home office making less than their classmates in NYC / DC. ITE they're still more than able to fill their class with people who will leap at 145 and I suppose they don't mind being everyone's second choice.


Disagree. K&L Gates has no problem doing this (they pay 160k in NYC, but less in Pittsburgh). Also, Reed only pays 115 or so in Pittsburgh, so either way they are making less than peers in major markets. Reed pays below market across the board, Pittsburgh included.

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Re: Reed Smith CB

Postby Anonymous User » Thu Sep 20, 2012 4:27 pm

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:Serious question: why do they pay below market? Is it to stay competitive on rates?


I think it's more about being a Pittsburgh based firm. There's absolutely no reason to pay 160 in Pitt and it's probably bad for morale to have associates in the home office making less than their classmates in NYC / DC. ITE they're still more than able to fill their class with people who will leap at 145 and I suppose they don't mind being everyone's second choice.


Disagree. K&L Gates has no problem doing this (they pay 160k in NYC, but less in Pittsburgh). Also, Reed only pays 115 or so in Pittsburgh, so either way they are making less than peers in major markets. Reed pays below market across the board, Pittsburgh included.


I accepted a non-Pennsylvania Reed Smith offer over a few other firms, really because of Reed Smith's easygoing culture over a Kirkland-esque sweatshop. Reed Smith was a place I could see myself working for 10+ years and not getting burned out.

And Reed Smith may return to $160k in the near future.

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Re: Reed Smith CB

Postby Anonymous User » Thu Sep 20, 2012 7:15 pm

Offers for NY went out from CBs earlier this week

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Re: Reed Smith CB

Postby Anonymous User » Thu Sep 20, 2012 7:40 pm

Does anyone know how many offers Reed Smith New York/Pittsburgh make to 2012 summers?Was there anyone no offered?

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Re: Reed Smith CB

Postby Anonymous User » Thu Sep 20, 2012 8:30 pm

Anonymous User wrote:Offers for NY went out from CBs earlier this week


For 9/19 CBs?

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Re: Reed Smith CB

Postby Anonymous User » Thu Sep 20, 2012 10:20 pm

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:Serious question: why do they pay below market? Is it to stay competitive on rates?


I think it's more about being a Pittsburgh based firm. There's absolutely no reason to pay 160 in Pitt and it's probably bad for morale to have associates in the home office making less than their classmates in NYC / DC. ITE they're still more than able to fill their class with people who will leap at 145 and I suppose they don't mind being everyone's second choice.


Disagree. K&L Gates has no problem doing this (they pay 160k in NYC, but less in Pittsburgh). Also, Reed only pays 115 or so in Pittsburgh, so either way they are making less than peers in major markets. Reed pays below market across the board, Pittsburgh included.


I accepted a non-Pennsylvania Reed Smith offer over a few other firms, really because of Reed Smith's easygoing culture over a Kirkland-esque sweatshop. Reed Smith was a place I could see myself working for 10+ years and not getting burned out.

And Reed Smith may return to $160k in the near future.



mind saying which office/state/timezone? im waiting to hear back from chicago.

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Re: Reed Smith CB

Postby Anonymous User » Fri Sep 21, 2012 12:02 pm

Anonymous User wrote:
Anonymous User wrote:Offers for NY went out from CBs earlier this week


For 9/19 CBs?


bump

anyone who interviewed on 9/19 hear anything?

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Re: Reed Smith CB

Postby Anonymous User » Fri Sep 21, 2012 12:39 pm

Still waiting to hear back from my 9/19 callback

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Re: Reed Smith CB

Postby Anonymous User » Fri Sep 21, 2012 12:44 pm

Had a CB 9/17. No news yet

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Re: Reed Smith CB

Postby Anonymous User » Fri Sep 21, 2012 3:32 pm

Has there been any news from the 9/11 cb in NY? Is it safe to assume a ding if I have not heard from them yet?

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Re: Reed Smith CB

Postby Anonymous User » Fri Sep 21, 2012 5:10 pm

Anonymous User wrote:
mind saying which office/state/timezone? im waiting to hear back from chicago.


West Coast office, so not Chicago. I hope you get the offer you want.

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Re: Reed Smith CB

Postby Anonymous User » Sat Sep 22, 2012 11:22 am

I had my CB 9/11. Snail mail ding dated 9/14. The NY office takes 7 SA's (they told us this while we were there). Also the program was changed back to 10 weeks long, not 8 as is stated online.

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Re: Reed Smith CB

Postby Anonymous User » Sat Sep 22, 2012 11:37 am

Anyone have any intelligence on whether 3Ls or post-JD are being interviewed?

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Re: Reed Smith CB

Postby Anonymous User » Sat Sep 22, 2012 12:49 pm

Still no word for people who had 9/19 CBs? Silence here.

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Re: Reed Smith CB

Postby Anonymous User » Sat Sep 22, 2012 3:30 pm

Still no word from 9/19 cb here

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Re: Reed Smith CB

Postby Anonymous User » Sat Sep 22, 2012 6:16 pm

heard of an offer made 9/21 by phone

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Re: Reed Smith CB

Postby Anonymous User » Sat Sep 22, 2012 6:25 pm

Anonymous User wrote:heard of an offer made 9/21 by phone


CB date?

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Re: Reed Smith CB

Postby Anonymous User » Sat Sep 22, 2012 7:16 pm

^ CB date was 9/19

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Re: Reed Smith CB

Postby Anonymous User » Mon Sep 24, 2012 8:22 pm

Reed Smith pays slightly below market in EVERY market where they are located. In primary markets they pay 145k, secondary markets (like PGH) they pay 125k (not 115k), which is actually slightly below market for PGH (market is 130k). They know they are below market and it is very unlikely to change, even in the primary markets. A lot of the reason they do this is because they pay substantially more at the mid/senior associate level than other firms (at least in the secondary markets). Read ATL, and you'll find that people ooh and ahh when S&C gives 7500 bonuses. At Reed Smith, bonuses range from 2500 on the low to 50,000 on the high end for the superstar associates. Although you won't make more than your peers as a junior, you can conceivably be making more than them as a senior associate or even mid-level because of the bonus (which, I might add, is based on work quality, not just hours).

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Re: Reed Smith CB

Postby Anonymous User » Wed Sep 26, 2012 7:23 am

Anonymous User wrote:Reed Smith pays slightly below market in EVERY market where they are located. In primary markets they pay 145k, secondary markets (like PGH) they pay 125k (not 115k), which is actually slightly below market for PGH (market is 130k). They know they are below market and it is very unlikely to change, even in the primary markets. A lot of the reason they do this is because they pay substantially more at the mid/senior associate level than other firms (at least in the secondary markets). Read ATL, and you'll find that people ooh and ahh when S&C gives 7500 bonuses. At Reed Smith, bonuses range from 2500 on the low to 50,000 on the high end for the superstar associates. Although you won't make more than your peers as a junior, you can conceivably be making more than them as a senior associate or even mid-level because of the bonus (which, I might add, is based on work quality, not just hours).


Helpful. Thanks.

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Re: Reed Smith CB

Postby Anonymous User » Wed Sep 26, 2012 11:28 am

Any more news from last week's CBs?

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Re: Reed Smith CB

Postby Anonymous User » Wed Sep 26, 2012 11:57 am

9/17 CB (Chicago). No news yet.

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Re: Reed Smith CB

Postby Anonymous User » Wed Sep 26, 2012 7:39 pm

Anonymous User wrote:Any more news from last week's CBs?


offer this week from CB last week

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Re: Reed Smith CB

Postby Anonymous User » Wed Sep 26, 2012 7:43 pm

Anonymous User wrote:
Anonymous User wrote:Any more news from last week's CBs?


offer this week from CB last week

Which office?

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Re: Reed Smith CB

Postby Anonymous User » Thu Sep 27, 2012 11:26 am

Anonymous User wrote:Anyone have any intelligence on whether 3Ls or post-JD are being interviewed?

bump- anyone have any information on this?




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