(On Campus Interviews, Summer Associate positions, Firm Reviews, Tips, ...)
Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
Failure to follow these rules will get you outed, warned, or banned.
4 posts • Page 1 of 1
- Posts: 4591
- Joined: Mon Jul 19, 2010 8:07 am
Being "highly leveraged" means there are many associates per partner in a particular practice/group/department/firm. Because there are so few partner positions, it is exceedingly difficult to obtain one, even if you work extremely hard and are highly competent.
- Posts: 1028
- Joined: Fri Nov 05, 2010 7:47 am
Anonymous User wrote:What does it mean when they say a firm is highly leveraged? And why is it bad?
Highly leverage means many associates for each partner. Firms with low leverage are about 1:1 in this ratio, firms with high leverage can have 5-7 associates to each partner.
- Senior associates are almost running the projects on their own with little involvement from partners.
- Junior associates have a bit of a safety net before bad work product makes it to a partner as it is often going through more senior associates.
- The more highly leveraged, the harder it is to make partner.
- Associates are more expendable in this model.
- The most attractive work is taken by the partner, anything that is moderately attractive that is left is taken by more senior associates on the matter, juniors are left with entirely doc review and other less glamorous work.
Who is online
The online users are hidden on this forum.