Lawyers: What's Your Typical Day?

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trooper10538
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Re: Lawyers: What's Your Typical Day?

Postby trooper10538 » Tue Feb 21, 2017 11:50 pm

Anonymous User wrote:
Anonymous User wrote:Just checking to see if you still look at this site. If so, I have a few questions. Thank you. Ed

I'm the anon you quoted above, so ask away.

(FWIW, a lot of that is still the same, but I have more investigative stuff going on now that I'm not a newbie, and my hours, well, they've gotten worse. :P )

Can you PM me please so I can ask a few questions? Thanks

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circle.the.wagons
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Re: Lawyers: What's Your Typical Day?

Postby circle.the.wagons » Mon Mar 13, 2017 9:46 am

Are there any biglaw patent guys here? The other posters seemed like they were in smaller firms. What kind of work should a patent guy expect right out of school (mainly pros or something else?) and what's a normal day look like? Thanks.

Anonymous User
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Re: Lawyers: What's Your Typical Day?

Postby Anonymous User » Wed Mar 15, 2017 9:28 am

Can we have someone from DOJ antitrust chime in

JodiLovesChachi
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Re: Lawyers: What's Your Typical Day?

Postby JodiLovesChachi » Wed Mar 15, 2017 4:21 pm

Is there a DOJ CRM Honors Attorney that would be willing to share what their travel schedule/typical day looks like?

Anonymous User
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Re: Lawyers: What's Your Typical Day?

Postby Anonymous User » Mon Mar 20, 2017 11:13 am

JodiLovesChachi wrote:Is there a DOJ CRM Honors Attorney that would be willing to share what their travel schedule/typical day looks like?

Anonymous User wrote:Can we have someone from DOJ antitrust chime in


+1 for any DOJ honors attorneys in a litigating section, incl. tax, enrd, etc.

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Bad

Postby Anonymous User » Wed Apr 12, 2017 11:08 pm

Repost
Last edited by Anonymous User on Wed Apr 12, 2017 11:18 pm, edited 1 time in total.

Anonymous User
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Bad

Postby Anonymous User » Wed Apr 12, 2017 11:09 pm

Bad
Last edited by Anonymous User on Wed Apr 12, 2017 11:19 pm, edited 1 time in total.

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kellyfrost
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Re: SMU - Middle Market firms

Postby kellyfrost » Wed Apr 12, 2017 11:15 pm

Anonymous User wrote:
Anonymous User wrote:Wondering which middle market firms to target in Dallas that pay the 90K-110K range that would take an SMU kid that did fairly well. My grades are good but I'm not a good interviewer. Don't have high expectations for myself and know my budget. I am a complete workhorse so I don't mind doing bitch work or working long hours. Just wondering if all else fails what I could do to pay back my loans and work with good people. Any advice from people in the Dallas market greatly appreciated. Any advice from some pretentious T14 ass who thinks SMU can suck it can cordially move on because I am not insecure about my intelligence. I went to SMU not because it was the best school I could get into but because I love Dallas and my girlfriend is here.

F*ck me for misposting


What in the Christ? ^^^

Anonymous User
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Re: Lawyers: What's Your Typical Day?

Postby Anonymous User » Wed Apr 12, 2017 11:16 pm

Anyone interested in derivatives, from a biglaw perspective? Small practice area but super useful to have a taste of if you end up going in house.

synergy
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Re: Lawyers: What's Your Typical Day?

Postby synergy » Wed Apr 12, 2017 11:49 pm

Anonymous User wrote:Anyone interested in derivatives, from a biglaw perspective? Small practice area but super useful to have a taste of if you end up going in house.


I would be very interested in this, if you don't mind.

Anonymous User
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Re: Lawyers: What's Your Typical Day?

Postby Anonymous User » Thu Apr 13, 2017 10:27 am

synergy wrote:
Anonymous User wrote:Anyone interested in derivatives, from a biglaw perspective? Small practice area but super useful to have a taste of if you end up going in house.


I would be very interested in this, if you don't mind.


Background: NYC biglaw corporate associate who has dabbled with derivatives. It’s not a big practice area at our firm, and it’s not the only part of my job. We mainly to issuers/company/end-user side work, so the process might be a little different if you are representing one of the banks or a financial entity (especially in terms of onboarding).

Our objective is to create what is essentially a bilateral agreement between the company and the bank to cover the rules which will cover their swaps. Because every single company engages in derivatives and hedging, there is a master agreement (the 2002 Master ISDA Agreement, for those interested) that sets out the general terms of the arrangement (events of default, termination provisions, etc).

There is also a schedule to the ISDA that is negotiated; that’s where our work really comes in. Ideally, companies want their agreements to be the same between banks, to avoid gaps that create unnecessary risks. For most of our clients, we create a “Form Schedule” that they can give to the bank that they want to do swaps with. This is preferable to the bank giving their initial draft, which tends to have terms that heavily favor the bank. This negotiation goes back and forth, and could last a significant period of time depending on how low of a priority it is for the company. It is sort of shocking to note how little the lawyers at some of these companies know about these agreements; they tend to take a complete backseat to us and defer to our opinion.

And that is basically it. There are some other things you’ll need to look into, including Dodd-Frank and CFTC. For some reason, people tend to get scared at the word derivatives because they don’t really understand how it works. The agreements are pretty straightforward (compared to a Credit Agreement, at least), and after a while you know where to look. It’s an easy way to add value if you are ever considering going in house, and it’s never as time sensitive or hectic as some of the other corporate areas.

If you have any specific questions, let me know and I’ll shoot you a direct message.

synergy
Posts: 39
Joined: Sat Mar 10, 2012 5:43 pm

Re: Lawyers: What's Your Typical Day?

Postby synergy » Thu Apr 13, 2017 4:31 pm

Anonymous User wrote:
synergy wrote:
Anonymous User wrote:Anyone interested in derivatives, from a biglaw perspective? Small practice area but super useful to have a taste of if you end up going in house.


I would be very interested in this, if you don't mind.


Background: NYC biglaw corporate associate who has dabbled with derivatives. It’s not a big practice area at our firm, and it’s not the only part of my job. We mainly to issuers/company/end-user side work, so the process might be a little different if you are representing one of the banks or a financial entity (especially in terms of onboarding).

Our objective is to create what is essentially a bilateral agreement between the company and the bank to cover the rules which will cover their swaps. Because every single company engages in derivatives and hedging, there is a master agreement (the 2002 Master ISDA Agreement, for those interested) that sets out the general terms of the arrangement (events of default, termination provisions, etc).

There is also a schedule to the ISDA that is negotiated; that’s where our work really comes in. Ideally, companies want their agreements to be the same between banks, to avoid gaps that create unnecessary risks. For most of our clients, we create a “Form Schedule” that they can give to the bank that they want to do swaps with. This is preferable to the bank giving their initial draft, which tends to have terms that heavily favor the bank. This negotiation goes back and forth, and could last a significant period of time depending on how low of a priority it is for the company. It is sort of shocking to note how little the lawyers at some of these companies know about these agreements; they tend to take a complete backseat to us and defer to our opinion.

And that is basically it. There are some other things you’ll need to look into, including Dodd-Frank and CFTC. For some reason, people tend to get scared at the word derivatives because they don’t really understand how it works. The agreements are pretty straightforward (compared to a Credit Agreement, at least), and after a while you know where to look. It’s an easy way to add value if you are ever considering going in house, and it’s never as time sensitive or hectic as some of the other corporate areas.

If you have any specific questions, let me know and I’ll shoot you a direct message.


Could you PM me? Thanks!

Anonymous User
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Re: Lawyers: What's Your Typical Day?

Postby Anonymous User » Mon Apr 17, 2017 4:12 am

Aight, it's 12:30am and I need to write something to keep myself awake before getting back to reviewing interrogatory responses for a meet and confer tomorrow. First-year at a lit boutique.

The below is not a real day, but it's sort of a hobbled-together version of what a normal-ish day looks like.

8:00am: Wake up. Got around five hours of sleep because I was finishing up a summary of a document review project that me and a contract attorney have been working on for the past week. I have 15 emails waiting for me because a) I haven't bothered to turn off the 6 Law360 emails I signed up for when I started a few months ago, and b) the partners on my team wake up at 5am and send out emails with various beginning-of-the-day questions to be handled as soon as the rest of the team is online. I eat breakfast at my home desk--buying an extra laptop dock for home has turned out to be a lifesaver--while running down these answers, stuff like, "someone find me what opposing counsel said when the court asked X at our last status conference," or "please draft me an email response to this question from MDL co-counsel."

8:45-9:30: shower and commute

9:30-10:00: get into the office. Brief chat with secretary and office neighbors. Finish running down morning questions from partners, find out the other associate on the team was working on the same one I was. We both send out the same email within the same minute. Whoops.

10:00-10:30: Read blogs, Reddit. Find an album I feel like listening to for morning work.

10:30-12:00: Partner on Case 1 has finally turned around revisions to the motion I drafted last week. I enter all their edits and proof for grammar. Spend some time finding loose case support for a couple points of law they want to add. I only oppose one point they want to make--the case support just isn't there, and I think it'll give opposing counsel a soft target on reply. Sometimes I'm successful in resisting these kinds of edits but this time I'll probably give in on the next round of edits if they still want to add the point. Our filing is in four days, so we'll have a few more days of me and partner going back and forth on phrasing and arguments before sending to the client and wrapping up the filing. I continue to be surprised that partner gives a crap about what I have to say in terms of our strategy on this motion.

12:00-12:30: More reddit and blogs while eating lunch.

12:30-1:00: Prepare for 1pm weekly team meeting on Case 2. Case 1 has been eating my time for the last week and I have not made progress on all my tasks. Still, I update the agenda and circulate it to the team.

1:00-2:00: Weekly team meeting. It goes well. We talk about the tasks that got completed and I'm able to give timelines for those that aren't done yet. Settlement seems to be inching closer, and we make fun of opposing counsel for the last ten minutes. They are goobers. Dealing with them is the lone solace I have when I feel like the work I'm doing is total shit, which is 90% of the time -- it's at least better than that.

2:00-6:30: Wrapping up various tasks for both Case 1, Case 2, and my pro bono project. Stuff like:
  • Drafting emails for partners to send to opposing counsel
  • Draft rog responses and call/email junior client contact to confirm things for responses
  • Some additional research for an upcoming motion in Case 1
  • Various calls with contract attorney for next doc review project
  • Fumble around with Casemap/Relativity as I still have no real idea how to use either

6:30: Commute home. I pretty much always stay at the office until 6:30-7:00 to dodge the worst of the commute; thankfully, it's not one of those firms where everyone is expected to be in the office until 10pm or later every night. Partners on both Case 1 and Case 2 have kids, so evening is usually a quiet period as they're doing stuff with family. Hang out and clean up around the apartment, and go for a quick run.

8:00-9:00: Partner on case 1 has taken another look at the motion draft and wants a clean version to send to Bigger Partner. I enter their changes and proofread. They backed off on the one point I argued against, so I take it out--yay. They added some adverbial language I'm not a fan of, but given the nature of the request I'm not going to fight it for now. I'll probably try to edit this out when we trim for word count later on.

9:00-10:12: Watch netflix with a watchful eye for the red light of the blackberry

10:13-1:00: Couple emails from senior associate on Case 2. Ok, I'll prioritize finishing up our strategy document by tomorrow morning. We were originally going to get this out three days from now, so I haven't started. Work until I hit the point where I'm just not doing useful work anymore. Set an alarm for 6:30 to get some extra work in on it in the morning. Sleep.

Rinse and repeat. I enjoy the job overall so far. ~700 billable through the end of March. Could do less of that, but c'est la vie.

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brinicolec
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Re: Lawyers: What's Your Typical Day?

Postby brinicolec » Wed Apr 19, 2017 4:04 am

Anonymous User wrote:Aight, it's 12:30am and I need to write something to keep myself awake before getting back to reviewing interrogatory responses for a meet and confer tomorrow. First-year at a lit boutique.

The below is not a real day, but it's sort of a hobbled-together version of what a normal-ish day looks like.

8:00am: Wake up. Got around five hours of sleep because I was finishing up a summary of a document review project that me and a contract attorney have been working on for the past week. I have 15 emails waiting for me because a) I haven't bothered to turn off the 6 Law360 emails I signed up for when I started a few months ago, and b) the partners on my team wake up at 5am and send out emails with various beginning-of-the-day questions to be handled as soon as the rest of the team is online. I eat breakfast at my home desk--buying an extra laptop dock for home has turned out to be a lifesaver--while running down these answers, stuff like, "someone find me what opposing counsel said when the court asked X at our last status conference," or "please draft me an email response to this question from MDL co-counsel."

8:45-9:30: shower and commute

9:30-10:00: get into the office. Brief chat with secretary and office neighbors. Finish running down morning questions from partners, find out the other associate on the team was working on the same one I was. We both send out the same email within the same minute. Whoops.

10:00-10:30: Read blogs, Reddit. Find an album I feel like listening to for morning work.

10:30-12:00: Partner on Case 1 has finally turned around revisions to the motion I drafted last week. I enter all their edits and proof for grammar. Spend some time finding loose case support for a couple points of law they want to add. I only oppose one point they want to make--the case support just isn't there, and I think it'll give opposing counsel a soft target on reply. Sometimes I'm successful in resisting these kinds of edits but this time I'll probably give in on the next round of edits if they still want to add the point. Our filing is in four days, so we'll have a few more days of me and partner going back and forth on phrasing and arguments before sending to the client and wrapping up the filing. I continue to be surprised that partner gives a crap about what I have to say in terms of our strategy on this motion.

12:00-12:30: More reddit and blogs while eating lunch.

12:30-1:00: Prepare for 1pm weekly team meeting on Case 2. Case 1 has been eating my time for the last week and I have not made progress on all my tasks. Still, I update the agenda and circulate it to the team.

1:00-2:00: Weekly team meeting. It goes well. We talk about the tasks that got completed and I'm able to give timelines for those that aren't done yet. Settlement seems to be inching closer, and we make fun of opposing counsel for the last ten minutes. They are goobers. Dealing with them is the lone solace I have when I feel like the work I'm doing is total shit, which is 90% of the time -- it's at least better than that.

2:00-6:30: Wrapping up various tasks for both Case 1, Case 2, and my pro bono project. Stuff like:
  • Drafting emails for partners to send to opposing counsel
  • Draft rog responses and call/email junior client contact to confirm things for responses
  • Some additional research for an upcoming motion in Case 1
  • Various calls with contract attorney for next doc review project
  • Fumble around with Casemap/Relativity as I still have no real idea how to use either

6:30: Commute home. I pretty much always stay at the office until 6:30-7:00 to dodge the worst of the commute; thankfully, it's not one of those firms where everyone is expected to be in the office until 10pm or later every night. Partners on both Case 1 and Case 2 have kids, so evening is usually a quiet period as they're doing stuff with family. Hang out and clean up around the apartment, and go for a quick run.

8:00-9:00: Partner on case 1 has taken another look at the motion draft and wants a clean version to send to Bigger Partner. I enter their changes and proofread. They backed off on the one point I argued against, so I take it out--yay. They added some adverbial language I'm not a fan of, but given the nature of the request I'm not going to fight it for now. I'll probably try to edit this out when we trim for word count later on.

9:00-10:12: Watch netflix with a watchful eye for the red light of the blackberry

10:13-1:00: Couple emails from senior associate on Case 2. Ok, I'll prioritize finishing up our strategy document by tomorrow morning. We were originally going to get this out three days from now, so I haven't started. Work until I hit the point where I'm just not doing useful work anymore. Set an alarm for 6:30 to get some extra work in on it in the morning. Sleep.

Rinse and repeat. I enjoy the job overall so far. ~700 billable through the end of March. Could do less of that, but c'est la vie.


Thanks for sharing!

Is this your first job or did you work at a firm or something previously? Basically, just curious about your path to the lit boutique.

Anonymous User
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Re: Lawyers: What's Your Typical Day?

Postby Anonymous User » Thu Apr 20, 2017 12:43 pm

brinicolec wrote:Thanks for sharing!

Is this your first job or did you work at a firm or something previously? Basically, just curious about your path to the lit boutique.


No problem. Hope it was helpful.

Wary of outing myself as I have some specific turns in my career trajectory that would make me pretty identifiable to anyone else who works at my firm, but it is my first firm job.

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ExBiglawAssociate
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Re: Lawyers: What's Your Typical Day?

Postby ExBiglawAssociate » Sat Apr 22, 2017 10:14 pm

fuck people who can function on five hours of sleep. seriously, fuck you.

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A. Nony Mouse
Posts: 25168
Joined: Tue Sep 25, 2012 11:51 am

Re: Lawyers: What's Your Typical Day?

Postby A. Nony Mouse » Sat Apr 22, 2017 11:11 pm

ExBiglawAssociate wrote:fuck people who can function on five hours of sleep. seriously, fuck you.

so much this.




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