Firms to avoid

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Re: Firms to avoid

Postby Anonymous User » Thu Aug 23, 2012 10:17 am

Latham just crossed the $2 Billion in revenue marker last year and it continues to grow. It's financially doing fine; the downsizing probably made it a more profitable business anyway.

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Re: Firms to avoid

Postby Anonymous User » Thu Aug 23, 2012 10:34 am

Anonymous User wrote:No idea about Philly, but Dechert did no offer 5 of their 50 summers in NY this year.


Can anyone confirm? I don't think they even had 50 summers.

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Re: Firms to avoid

Postby Anonymous User » Thu Aug 23, 2012 10:45 am

Anonymous User wrote:Latham just crossed the $2 Billion in revenue marker last year and it continues to grow. It's financially doing fine; the downsizing probably made it a more profitable business anyway.


Take a look at the H1 2012 league tables

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Re: Firms to avoid

Postby Anonymous User » Thu Aug 23, 2012 10:53 am

Any news concerning Chicago firms/offices specifically?

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Re: Firms to avoid

Postby Anonymous User » Thu Aug 23, 2012 11:02 am

Anonymous User wrote:
Anonymous User wrote:I have heard T&K also, no offered a bunch. Also, I would stay away from Fulbright in Texas. Rumblings from high ups at other firms in town is that they have been shopping around to try to merge the firm and aren't doing well.


Well word from my CSO is that Fulbright no offered its entire Dallas summer class. However, that might be more an issue with Dallas than Fulbright. I wouldn't be surprised if 1/3 or more of all SAs in Dallas were no offered.


Mid-level at a Dallas firm. We offered our entire class.

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Re: Firms to avoid

Postby Anonymous User » Thu Aug 23, 2012 12:58 pm

Anonymous User wrote:
Anonymous User wrote:No idea about Philly, but Dechert did no offer 5 of their 50 summers in NY this year.


Can anyone confirm? I don't think they even had 50 summers.


They don't. Also, while it's nice and comforting for a firm to have a 100% offer rate, most firms don't. 90% isn't too terrible, and I think the actual offer rate was a bit higher (lateral link has it as 94%).

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Re: Firms to avoid

Postby Anonymous User » Thu Aug 23, 2012 1:01 pm

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:No idea about Philly, but Dechert did no offer 5 of their 50 summers in NY this year.


Can anyone confirm? I don't think they even had 50 summers.


They don't. Also, while it's nice and comforting for a firm to have a 100% offer rate, most firms don't. 90% isn't too terrible, and I think the actual offer rate was a bit higher (lateral link has it as 94%).


NALP lists 43 summers for Dechert NY's 2012 class, which was a huge jump from 19 in 2011 and 12 in 2010.

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Re: Firms to avoid

Postby rayiner » Thu Aug 23, 2012 1:48 pm

Anonymous User wrote:
Anonymous User wrote:Latham just crossed the $2 Billion in revenue marker last year and it continues to grow. It's financially doing fine; the downsizing probably made it a more profitable business anyway.


Take a look at the H1 2012 league tables


One of these days I'm going to make people see that revenue, profitability, league tables, etc, are only indirectly related to anything you care about as an associate.

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Re: Firms to avoid

Postby androstan » Thu Aug 23, 2012 2:09 pm

rayiner wrote:
Anonymous User wrote:
Anonymous User wrote:Latham just crossed the $2 Billion in revenue marker last year and it continues to grow. It's financially doing fine; the downsizing probably made it a more profitable business anyway.


Take a look at the H1 2012 league tables


One of these days I'm going to make people see that revenue, profitability, league tables, etc, are only indirectly related to anything you care about as an associate.


plz tell me what I care about as an associate

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Re: Firms to avoid

Postby bjsesq » Thu Aug 23, 2012 2:10 pm

bjsesq wrote:
bjsesq wrote:
Anonymous User wrote:They gave 22 offers.


Source or GTFO.


Hey motherfucker, answer the fucking question.

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rayiner
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Re: Firms to avoid

Postby rayiner » Thu Aug 23, 2012 2:13 pm

androstan wrote:
rayiner wrote:
Anonymous User wrote:
Anonymous User wrote:Latham just crossed the $2 Billion in revenue marker last year and it continues to grow. It's financially doing fine; the downsizing probably made it a more profitable business anyway.


Take a look at the H1 2012 league tables


One of these days I'm going to make people see that revenue, profitability, league tables, etc, are only indirectly related to anything you care about as an associate.


plz tell me what I care about as an associate


Job security, to a lesser extent exit options. When you're partner you can dick wave about how your firm is doing in the league tables.

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Re: Firms to avoid

Postby booboo » Thu Aug 23, 2012 2:15 pm

rayiner wrote:
Job security, to a lesser extent exit options. When you're partner you can dick wave about how your firm is doing in the league tables.


I'd love to know how to figure this out... :D.

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androstan
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Re: Firms to avoid

Postby androstan » Thu Aug 23, 2012 2:23 pm

booboo wrote:
rayiner wrote:
Job security, to a lesser extent exit options. When you're partner you can dick wave about how your firm is doing in the league tables.


I'd love to know how to figure this out... :D.


Definitely. Is there a way to reliable know job security and exit options? I presume that the Vault rankings approximate exit options? And the % of associates promoted to partner approximates job security? Those are generally inversely related, which is just wonderful.

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Re: Firms to avoid

Postby Anonymous User » Thu Aug 23, 2012 2:37 pm

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:No idea about Philly, but Dechert did no offer 5 of their 50 summers in NY this year.


Can anyone confirm? I don't think they even had 50 summers.


They don't. Also, while it's nice and comforting for a firm to have a 100% offer rate, most firms don't. 90% isn't too terrible, and I think the actual offer rate was a bit higher (lateral link has it as 94%).


NALP lists 43 summers for Dechert NY's 2012 class, which was a huge jump from 19 in 2011 and 12 in 2010.


I heard that Dechert wanted 35 for the 2012 class when I was interviewing, so 43 would be higher than they wanted but not crazy. If they had 43 summers and a 94% offer rate, then that is a max of 3 no offers.

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Re: Firms to avoid

Postby nonprofit-prophet » Thu Aug 23, 2012 2:38 pm

Desert Fox wrote:
Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:I have heard T&K also, no offered a bunch. Also, I would stay away from Fulbright in Texas. Rumblings from high ups at other firms in town is that they have been shopping around to try to merge the firm and aren't doing well.


Well word from my CSO is that Fulbright no offered its entire Dallas summer class. However, that might be more an issue with Dallas than Fulbright. I wouldn't be surprised if 1/3 or more of all SAs in Dallas were no offered.


New Anon here: Statement about Dallas seems way too panicky. Weil's Dallas office gave 100% offers. Would be surprised if Gibson Dunn Dallas was hurting. Latham in Houston is booming. Maybe it's just an issue with some Texas firms not being as healthy as they thought.


I've heard Dallas firms are doing bad, very slow.


Any word on VE dallas? Im curious about litigation and M&A

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joeshmo39
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Re: Firms to avoid

Postby joeshmo39 » Thu Aug 23, 2012 2:40 pm

Younger Abstention wrote:
joeshmo39 wrote:I heard Dechert no-offered around a third of their Philly summer class. Bear in mind they are
headquartered in Philly. They also pulled a "don't call us, we'll call you" move with their summers from a couple years ago.


Completely untrue. 100% offer rate last year (at least in Philly).


Nothing you said contradicted anything I said. I said they no-offered an appreciable amount this year. You said they offered everyone last year. We can both be right.

I said the "don't call us, we'll call you" move was from a few years ago, not last year. [Edit] I cannot emphasize enough how dirty this move was.

Also, cite:

http://abovethelaw.com/2009/08/nationwi ... mer-class/

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Re: Firms to avoid

Postby Anonymous User » Thu Aug 23, 2012 2:41 pm

bjsesq wrote:
bjsesq wrote:
Anonymous User wrote:They gave 22 offers.


Source or GTFO.


Was told this by multiple summers. Don't know if they found out through word-of-mouth/process-of-elimination or told directly from on high.

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Re: Firms to avoid

Postby Anonymous User » Thu Aug 23, 2012 2:48 pm

joeshmo39 wrote:
Younger Abstention wrote:
joeshmo39 wrote:I heard Dechert no-offered around a third of their Philly summer class. Bear in mind they are
headquartered in Philly. They also pulled a "don't call us, we'll call you" move with their summers from a couple years ago.


Completely untrue. 100% offer rate last year (at least in Philly).


Nothing you said contradicted anything I said. I said they no-offered an appreciable amount this year. You said they offered everyone last year. We can both be right.

I said the "don't call us, we'll call you" move was from a few years ago, not last year. [Edit] I cannot emphasize enough how dirty this move was.

Also, cite:

http://abovethelaw.com/2009/08/nationwi ... mer-class/


No one is disputing the dick move they pulled back in 2009, but I'd like to see a source on them no-offering 1/3 of their Philly SAs. Pretty sure an offer rate that bad would merit some coverage, a la Winston & Strawn.

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joeshmo39
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Re: Firms to avoid

Postby joeshmo39 » Thu Aug 23, 2012 2:51 pm

Anonymous User wrote:No one is disputing the dick move they pulled back in 2009, but I'd like to see a source on them no-offering 1/3 of their Philly SAs. Pretty sure an offer rate that bad would merit some coverage, a la Winston & Strawn.


Fair enough. Source is I heard it from a guy who I trust. *shrugs* I guess we'll see when the numbers come out. I understand that's pretty underwhelming.

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Re: Firms to avoid

Postby Anonymous User » Thu Aug 23, 2012 3:24 pm

Anyone know anything about Denver firms and their offer rates to summers this year?

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Re: Firms to avoid

Postby Anonymous User » Thu Aug 23, 2012 3:35 pm

Anonymous User wrote:Anyone hearing anything about Pillsbury? There was some mumbling last year about them.

I have a CB with them and I'd like to know about this too.

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bjsesq
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Re: Firms to avoid

Postby bjsesq » Thu Aug 23, 2012 3:56 pm

Anonymous User wrote:
bjsesq wrote:
bjsesq wrote:
Anonymous User wrote:They gave 22 offers.


Source or GTFO.


Was told this by multiple summers. Don't know if they found out through word-of-mouth/process-of-elimination or told directly from on high.


I was one of the summers and the exact number hasn't necessarily been disclosed. 20-22 is the common range of offers I have heard of.

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Re: Firms to avoid

Postby Anonymous User » Thu Aug 23, 2012 4:06 pm

Anonymous User wrote:Any news concerning Chicago firms/offices specifically?


Kirkland -- Not surprising, but they continue to thrive. Biggest 2012 summer class in Chicago by far and everyone seems very busy (they recently bolstered their RE practice with a few strong lateral hires and their IP lit is swamped apparently)
Sidley -- Not as hot as Kirkland, but still busy and had a good-sized summer class.
Skadden -- Rumor has it that this satellite office has been very slow lately. Did not make 100% offers to their small summer class this summer (Don't know if it was because of fit or something else).
Latham -- Probably the busiest of the satellite offices. Apparently did not make 100% offers but was told that was because of a fit issue.
Foley -- Don't know much about how busy they are, but they shortened their summer program to 6-8 weeks this past summer.

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Re: Firms to avoid

Postby Anonymous User » Thu Aug 23, 2012 4:12 pm

Anonymous User wrote:
Anonymous User wrote:Any news concerning Chicago firms/offices specifically?


Kirkland -- Not surprising, but they continue to thrive. Biggest 2012 summer class in Chicago by far and everyone seems very busy (they recently bolstered their RE practice with a few strong lateral hires and their IP lit is swamped apparently)
Sidley -- Not as hot as Kirkland, but still busy and had a good-sized summer class.
Skadden -- Rumor has it that this satellite office has been very slow lately. Did not make 100% offers to their small summer class this summer (Don't know if it was because of fit or something else).
Latham -- Probably the busiest of the satellite offices. Apparently did not make 100% offers but was told that was because of a fit issue.
Foley -- Don't know much about how busy they are, but they shortened their summer program to 6-8 weeks this past summer.


Much appreciated. Any word on Baker McKenzie or Katten?

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Re: Firms to avoid

Postby Anonymous User » Thu Aug 23, 2012 4:15 pm

I'm interested in hearing about the Kansas City firms (Shook, Husch, Lathrop and Gage, Polsinelli, etc.).




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