Summer Associate Class of 2015

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Br3v
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Re: Summer Associate Class of 2015

Postby Br3v » Wed Aug 05, 2015 9:24 pm

Anonymous User wrote: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


What makes it a competition? Like does the firm say the first day that not everyone will get offers?

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Re: Summer Associate Class of 2015

Postby Anonymous User » Wed Aug 05, 2015 11:07 pm

Desert Fox wrote:
Cobretti wrote: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.


Industry wide the offer rate was like 60 percent plus a lot of those deferrals were bullshit and stealth layoffs.

Not many firms were 100% through the rough times. If you want to list the ones who were great. But you can just assume a firm wouldn't do it. Most no offered and laid off worth reckless abandon.
Skadden didn't no offer. Obviously was not opposed to people not coming back from the year deferral, but wasn't actual stealth lay offs.

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Desert Fox
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Postby Desert Fox » Wed Aug 05, 2015 11:13 pm

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Re: Summer Associate Class of 2015

Postby Anonymous User » Wed Aug 05, 2015 11:20 pm

Thought we were talking economic no offers

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jbagelboy
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Re: Summer Associate Class of 2015

Postby jbagelboy » Thu Aug 06, 2015 1:49 am

Anonymous User wrote:Thought we were talking economic no offers


okay, you can list all the rich firms that "weathered the recession" but that doesn't really help people trying to make this type of decision. I doubt there's much competing for talent between winston and simpson thacher.

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Re: Summer Associate Class of 2015

Postby hdunlop » Thu Aug 06, 2015 2:04 am

Anonymous User wrote:
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.


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.
doesn't dearth mean like nonexistence or absence

Not flame, genuinely trying to figure if you're saying tls should keep on keeping on or iff it too failed you or if I'm just wrong.

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Re: Summer Associate Class of 2015

Postby Anonymous User » Thu Aug 06, 2015 7:58 am

jbagelboy wrote:
Anonymous User wrote:Thought we were talking economic no offers


okay, you can list all the rich firms that "weathered the recession" but that doesn't really help people trying to make this type of decision. I doubt there's much competing for talent between winston and simpson thacher.

Well there certainly is a grey area at some point where it is relevant, and there are outliers like Latham, so it still seems worthwhile to track.

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FSK
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Re: Summer Associate Class of 2015

Postby FSK » Thu Aug 06, 2015 9:47 am

This thread is currently an abomination. Can we go back to discussing what kind of pants you need to buy?

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trey ohh five
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Re: Summer Associate Class of 2015

Postby trey ohh five » Thu Aug 06, 2015 10:04 am

flawschoolkid wrote:This thread is currently an abomination. Can we go back to discussing what kind of pants you need to buy?


Kiton or no offer

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Re: Summer Associate Class of 2015

Postby Anonymous User » Thu Aug 06, 2015 11:22 am

Every single firm will no offer as opposed to overhire if the Financials don't work out. If they think they can swallow the cost to avoid the reputation hit they will but it's a business and they will make a business decision.

So avoid firms having a rough year. Good luck figuring that out a year in advance.

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Re: Summer Associate Class of 2015

Postby Anonymous User » Thu Aug 06, 2015 11:41 am

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.


I think you are missing the point on this one. I have warned others about K&L for about the past two years. Up until August 2014, you could not do any "due diligence" on K&L because it simply did not exist. The numbers were hidden. In 2013, K&L had a solid offer rate but an alarming number of the 2013 class decided not to accept those offers (over 30% of the Pittsburgh office). That raised red flags for me, and I decided to get in touch with my contacts, who warned me about the firm. So, yes, in 2013 the ball was hidden, which was when I decided to openly tell others to avoid the firm.

It wasn't obvious until August 2014 and now very obvious in August of 2015. I think this is what TLS is for--to warn students in advance before the risks are open and obvious.

I'm anon because my identity could be outed.

Edit: for those interested, Jones Day is already pulling K&L Pittsburgh partners.
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Br3v
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Re: Summer Associate Class of 2015

Postby Br3v » Thu Aug 06, 2015 1:18 pm

Give me a tutorial on to what extent one should worry about PPP

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Desert Fox
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Postby Desert Fox » Thu Aug 06, 2015 1:22 pm

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Br3v
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Re: Summer Associate Class of 2015

Postby Br3v » Thu Aug 06, 2015 1:23 pm

Desert Fox wrote:
Br3v wrote:Give me a tutorial on to what extent one should worry about PPP


In short, not at all unless it's declining.


At which point the fear is partners will jump ship resulting in clients jumping ship resulting in collapse?

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Desert Fox
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Postby Desert Fox » Thu Aug 06, 2015 1:24 pm

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Br3v
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Re: Summer Associate Class of 2015

Postby Br3v » Thu Aug 06, 2015 1:25 pm

Desert Fox wrote:
Br3v wrote:
Desert Fox wrote:
Br3v wrote:Give me a tutorial on to what extent one should worry about PPP


In short, not at all unless it's declining.


At which point the fear is partners will jump ship resulting in clients jumping ship resulting in collapse?


Yea, or that they already are. it's dependent on context too. Sometimes firms have a great year due to a massive case. And then it settles. That won't cause any issues.


Be careful with the x axis, got it.

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Re: Summer Associate Class of 2015

Postby Anonymous User » Thu Aug 06, 2015 2:07 pm

hdunlop wrote:
Anonymous User wrote:
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.


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.
doesn't dearth mean like nonexistence or absence

Not flame, genuinely trying to figure if you're saying tls should keep on keeping on or iff it too failed you or if I'm just wrong.


Sorry, wrong "D" word.

I was basically saying there's no reason not to talk about firms that are notorious for no offering people. If they no offer two people in the class, who cares. 20-30% of the class doesn't come back, firmwide, it's kinda relevant. I didn't hear anything about the widespread K&L Gates offer rates until this whole departure scandal popped up and someone linked a thread about their offer rates. When I searched here earlier, everything seemed neutral, and the offer rate on NALP for my particular office wasn't too egregious.

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Re: Summer Associate Class of 2015

Postby Anonymous User » Thu Aug 06, 2015 9:30 pm

Got my offer today. Drunk as fuark.

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Re: Summer Associate Class of 2015

Postby lhanvt13 » Fri Aug 07, 2015 2:39 am

Anonymous User wrote:Got my offer today. Drunk as fuark.

Grats! Been waiting 2 weeks. Radio silence ...

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Re: Summer Associate Class of 2015

Postby Anonymous User » Fri Aug 07, 2015 9:26 am

Got mine yesterday as well. No one's talking about it, so I assume we're just waiting for someone to break the silence so we can find out if anyone got no-offered.

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North
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Re: Summer Associate Class of 2015

Postby North » Fri Aug 07, 2015 7:00 pm

Offer. So fucking excited. Thank you TLS, almost went to FAMU at sticker, etc. <3

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Cobretti
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Re: Summer Associate Class of 2015

Postby Cobretti » Fri Aug 07, 2015 7:30 pm

North wrote:Offer. So fucking excited. Thank you TLS, almost went to FAMU at sticker, etc. <3

Congrats North, well deserved

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jbagelboy
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Re: Summer Associate Class of 2015

Postby jbagelboy » Fri Aug 07, 2015 7:31 pm

Cobretti wrote:
North wrote:Offer. So fucking excited. Thank you TLS, almost went to FAMU at sticker, etc. <3

Congrats North, well deserved




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