Check out top-law-schools.com Forum
Forum rules
Anonymous Posting
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.
Anonymous Posting
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.
- BaberhamLincoln
- Posts: 2992
- Joined: Thu Jan 02, 2014 1:50 pm
Re: Summer Associate Class of 2015
fuck it
Last edited by BaberhamLincoln on Wed Aug 05, 2015 5:23 pm, edited 1 time in total.
- Br3v
- Posts: 4290
- Joined: Mon Jun 13, 2011 7:18 pm
Re: Summer Associate Class of 2015
Explain what you "know" of the story
- Johann
- Posts: 19704
- Joined: Wed Mar 12, 2014 4:25 pm
Re: Summer Associate Class of 2015
straight up you should prolly take a break right now. some redactions might not hurt.
- BaberhamLincoln
- Posts: 2992
- Joined: Thu Jan 02, 2014 1:50 pm
Re: Summer Associate Class of 2015
Not going to put the kid on blast. Just providing another perspective
Want to continue reading?
Register now to search topics and post comments!
Absolutely FREE!
Already a member? Login
- El Pollito
- Posts: 20139
- Joined: Tue Jul 16, 2013 2:11 pm
Re: Summer Associate Class of 2015
you might want to be more discrete
- Tiago Splitter
- Posts: 17148
- Joined: Tue Jun 28, 2011 1:20 am
Re: Summer Associate Class of 2015
According to this article the lowest paid partner at Dewey was getting 300k.Anonymous User wrote:It's a global V30 firm. The gross pay of the lowest paid partner at the firm I was at was ~$1.2m. This came up in the context of a discussion about counsel v. jr partner compensation and, when you look at the PPP, it makes sense that a jr partner is taking home ~1/2 of that with more senior partners probably getting 2-3x that.rpupkin wrote:You either work at an unusual law firm or are misreading/misunderstanding something.Anonymous User wrote:At my firm, the lowest paid partner booked ~$1.2m last year. I doubt anyone making that much is taking a step down even after all the extra partner bs.
ETA: If by "booked" you mean brought in 1.2m in billables (through the partner's own billable time as well as the billable time of associates to whom the partner assigned work), I could believe that. But, of course, the junior partner's share would be a fraction of that figure.
I believe at Weil they couldn't push any partners out but when they did layoffs the talk was that partners whose comp was cut got pushed down toward that same 300k range.
- El Pollito
- Posts: 20139
- Joined: Tue Jul 16, 2013 2:11 pm
Re: Summer Associate Class of 2015
the "he deserved it" no offer mythology is sort of amazing. like, i'm sure it's true in some cases, but when you hear these stories that develop it sounds like these people are absolute monsters.
- Johann
- Posts: 19704
- Joined: Wed Mar 12, 2014 4:25 pm
Re: Summer Associate Class of 2015
My understanding is that is salary though. You still get an income share.Tiago Splitter wrote: According to this article the lowest paid partner at Dewey was getting 300k.
I believe at Weil they couldn't push any partners out but when they did layoffs the talk was that partners whose comp was cut got pushed down toward that same 300k range.
-
- Posts: 428483
- Joined: Tue Aug 11, 2009 9:32 am
Re: Summer Associate Class of 2015
Offers went out today. My best friend in the summer program got no offered for "work product" reasons. He had one negative leaning review out of 15+ assignments.the "he deserved it" no offer mythology is sort of amazing. like, i'm sure it's true in some cases, but when you hear these stories that develop it sounds like these people are absolute monsters.
I'm already wondering what stories will be told about him before we start.
- goden
- Posts: 2756
- Joined: Wed Jun 13, 2012 12:52 pm
Re: Summer Associate Class of 2015
Shit. Out the firm market?
- rpupkin
- Posts: 5653
- Joined: Mon Dec 09, 2013 10:32 pm
Re: Summer Associate Class of 2015
C'mon, dude. Someone needs to sticky DF's post:goden wrote:Shit. Out thefirmmarket?
The whole problem with the OUT THE FIRM brigade is that they are collecting the wrong data.
There are two types of no offers:
1) Earned it - being weird or shitty
2) Economic - not enough work to support the classes.
Economic types are hard to see in advance, and past economic no offers aren't all that useful. Places like Winston no offered a bunch, but then returned to 100%. These firms just take a smaller class the next year. There is some threat, but it's not huge. I guess it makes sense to avoid these firms.
But earned it firms are hard to spot. Many years nobody earned it. My office offered 100% two years running, but we do not have 100% policy. Most firms aren't really 100%. So "outting" the firm for no offering one person is sort of useless.
I'd only consider a firm 100% if it's been 100% from 2010 summer til today.
- bearsfan23
- Posts: 1754
- Joined: Tue Apr 16, 2013 11:19 pm
Re: Summer Associate Class of 2015
rpupkin wrote:C'mon, dude. Someone needs to sticky DF's post:goden wrote:Shit. Out thefirmmarket?
The whole problem with the OUT THE FIRM brigade is that they are collecting the wrong data.
There are two types of no offers:
1) Earned it - being weird or shitty
2) Economic - not enough work to support the classes.
Economic types are hard to see in advance, and past economic no offers aren't all that useful. Places like Winston no offered a bunch, but then returned to 100%. These firms just take a smaller class the next year. There is some threat, but it's not huge. I guess it makes sense to avoid these firms.
But earned it firms are hard to spot. Many years nobody earned it. My office offered 100% two years running, but we do not have 100% policy. Most firms aren't really 100%. So "outting" the firm for no offering one person is sort of useless.
I'd only consider a firm 100% if it's been 100% from 2010 summer til today.
That's great and all, but there's definitely a 3rd type of no-offer that is what a place like TLS is most useful for:
3) The "K&L Gates special" - Intentionally overhiring SA's then making them compete for offers. They do this pretty much every single year, so I'm not sure how it fits into 1) or 2)
Register now!
Resources to assist law school applicants, students & graduates.
It's still FREE!
Already a member? Login
- Cobretti
- Posts: 2593
- Joined: Tue Aug 21, 2012 12:45 am
Re: Summer Associate Class of 2015
There are firms that didn't no offer anyone when the economy was at its worst though, and instead did things like deferred start for a year with half salary + pay for llm during that time. I just point this out because there is a benefit to know you're going to a firm where even when the economy tanks you are most likely still safer than if you go to a firm that will always go straight to giving out no offers as soon as the firm hits a rough patch.
With that being said it might be more useful to "out" the firms that have refused to no offer for economic reasons, it's definitely a much shorter list.
With that being said it might be more useful to "out" the firms that have refused to no offer for economic reasons, it's definitely a much shorter list.
- 5ky
- Posts: 10835
- Joined: Mon Oct 05, 2009 4:10 pm
Re: Summer Associate Class of 2015
i mean, there's no need to out firms like K&L gates though. i would put the burden on any law student to do their due diligence and be cognizant of the risks. all the data is out there, it's not like K&L gates is hiding the ball or something.
- Desert Fox
- Posts: 18283
- Joined: Thu Sep 04, 2014 4:34 pm
DFTHREAD
Last edited by Desert Fox on Sat Jan 27, 2018 4:11 am, edited 2 times in total.
- Desert Fox
- Posts: 18283
- Joined: Thu Sep 04, 2014 4:34 pm
DFTHREAD
Last edited by Desert Fox on Sat Jan 27, 2018 4:11 am, edited 2 times in total.
Get unlimited access to all forums and topics
Register now!
I'm pretty sure I told you it's FREE...
Already a member? Login
-
- Posts: 428483
- Joined: Tue Aug 11, 2009 9:32 am
Re: Summer Associate Class of 2015
Well to be fair, I was once a naive summer that went into, and out of K&L Gates, with no clue about their offer rates were. Though the information was there, I had no clue until finding out that fellow summers had been no-offered and then looking at the dearth of info available here on TLS and elsewhere online. At our office at least, they didn't make it clear that not everyone would be getting offers.5ky wrote:i mean, there's no need to out firms like K&L gates though. i would put the burden on any law student to do their due diligence and be cognizant of the risks. all the data is out there, it's not like K&L gates is hiding the ball or something.
- 5ky
- Posts: 10835
- Joined: Mon Oct 05, 2009 4:10 pm
Re: Summer Associate Class of 2015
Right. Not to be harsh, but what I'm saying is that is your fault. These are the types of things that you should be researching carefully when making this decision. If the information is publicly available out there -- especially on a central clearing site like NALP -- it's your job to be armed with the facts. For a decision as important as this, you simply cannot trust that your employer will take care of you and everything will be fine.Anonymous User wrote:Well to be fair, I was once a naive summer that went into, and out of K&L Gates, with no clue about their offer rates were. Though the information was there, I had no clue until finding out that fellow summers had been no-offered and then looking at the dearth of info available here on TLS and elsewhere online. At our office at least, they didn't make it clear that not everyone would be getting offers.5ky wrote:i mean, there's no need to out firms like K&L gates though. i would put the burden on any law student to do their due diligence and be cognizant of the risks. all the data is out there, it's not like K&L gates is hiding the ball or something.
- Desert Fox
- Posts: 18283
- Joined: Thu Sep 04, 2014 4:34 pm
DFTHREAD
Last edited by Desert Fox on Sat Jan 27, 2018 4:11 am, edited 2 times in total.
- Br3v
- Posts: 4290
- Joined: Mon Jun 13, 2011 7:18 pm
Re: Summer Associate Class of 2015
This makes sense but doesn't explain the need to not re-emphasize facts on TLS. Like what would happen if you spread the word on TLS? Save some poor sap who didn't do their due diligence from making a bad career decision? Isn't that what this site is for?5ky wrote:Right. Not to be harsh, but what I'm saying is that is your fault. These are the types of things that you should be researching carefully when making this decision. If the information is publicly available out there -- especially on a central clearing site like NALP -- it's your job to be armed with the facts. For a decision as important as this, you simply cannot trust that your employer will take care of you and everything will be fine.Anonymous User wrote:Well to be fair, I was once a naive summer that went into, and out of K&L Gates, with no clue about their offer rates were. Though the information was there, I had no clue until finding out that fellow summers had been no-offered and then looking at the dearth of info available here on TLS and elsewhere online. At our office at least, they didn't make it clear that not everyone would be getting offers.5ky wrote:i mean, there's no need to out firms like K&L gates though. i would put the burden on any law student to do their due diligence and be cognizant of the risks. all the data is out there, it's not like K&L gates is hiding the ball or something.
Communicate now with those who not only know what a legal education is, but can offer you worthy advice and commentary as you complete the three most educational, yet challenging years of your law related post graduate life.
Register now, it's still FREE!
Already a member? Login
- Johann
- Posts: 19704
- Joined: Wed Mar 12, 2014 4:25 pm
Re: Summer Associate Class of 2015
K&l gates problems go beyond their normal no offers. They are the least stable major law firm right now and it's not out of the question to think in less than a year over 1000 lawyers will be forced out of there. That's the reason it's getting toe attention. If they normal offer 80% you could be looking at much lower. He'll even getting an offer there prolly gives you about a 50% chance of employment come graduation time.
- Tiago Splitter
- Posts: 17148
- Joined: Tue Jun 28, 2011 1:20 am
Re: Summer Associate Class of 2015
And the info beyond one year isn't easy to find. The NALP offer rate right now is for the summer of 2014, so someone doing OCI and using NALP would have no way to know that summers at a firm were just no-offered within the last week.Br3v wrote:This makes sense but doesn't explain the need to not re-emphasize facts on TLS. Like what would happen if you spread the word on TLS? Save some poor sap who didn't do their due diligence from making a bad career decision? Isn't that what this site is for?5ky wrote:Right. Not to be harsh, but what I'm saying is that is your fault. These are the types of things that you should be researching carefully when making this decision. If the information is publicly available out there -- especially on a central clearing site like NALP -- it's your job to be armed with the facts. For a decision as important as this, you simply cannot trust that your employer will take care of you and everything will be fine.Anonymous User wrote:Well to be fair, I was once a naive summer that went into, and out of K&L Gates, with no clue about their offer rates were. Though the information was there, I had no clue until finding out that fellow summers had been no-offered and then looking at the dearth of info available here on TLS and elsewhere online. At our office at least, they didn't make it clear that not everyone would be getting offers.5ky wrote:i mean, there's no need to out firms like K&L gates though. i would put the burden on any law student to do their due diligence and be cognizant of the risks. all the data is out there, it's not like K&L gates is hiding the ball or something.
K&L Gates is SPS but for closer calls it's good to get everything out there.
-
- Posts: 428483
- Joined: Tue Aug 11, 2009 9:32 am
Re: Summer Associate Class of 2015
just posting to say K&L Gates Pittsburgh was a legit competition amongst summers from what I could see
pretty sure the firm was open about it, too (from the 2-3 summers I spoke to in brief)
I don't think it's wrong to keep bringing up repeat offender firms
pretty sure the firm was open about it, too (from the 2-3 summers I spoke to in brief)
I don't think it's wrong to keep bringing up repeat offender firms
- 5ky
- Posts: 10835
- Joined: Mon Oct 05, 2009 4:10 pm
Re: Summer Associate Class of 2015
Tiago: Good point, I totally forgot about that
Seriously? What are you waiting for?
Now there's a charge.
Just kidding ... it's still FREE!
Already a member? Login