Summer Associate Class of 2015

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jbagelboy
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Re: Summer Associate Class of 2015: Get on In

Postby jbagelboy » Fri May 29, 2015 9:44 pm

MCFC wrote:I probably average a 6:30 departure. On the early side compared to the other summers at the firm I think. But that's a silly metric.

On a different note, I think I got the withholding right for fed taxes. That NYC tax though.

Omg, fuck the city tax.

FSK
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Re: Summer Associate Class of 2015: Get on In

Postby FSK » Fri May 29, 2015 9:55 pm

I'm out between 5:45 and 6:30. In at 9 fwiw.

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2014
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Re: Summer Associate Class of 2015: Get on In

Postby 2014 » Fri May 29, 2015 10:36 pm

No one cares if you leave when the secretaries leave or even a little before if you have nothing to do. If you are nervous about it (for probably no reason) just leave without announcing it and people will just think you are in a meeting elsewhere or home because you are a summer and you should be home. If someone really needs you they will email you and then you can decide whether to reply "sorry gone" or go back in.

FSK
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Re: Summer Associate Class of 2015: Get on In

Postby FSK » Fri May 29, 2015 11:09 pm

Yeah, plus aren't you all setup for remote desktop? I could be working again in 3 minutes at home if I needed to. But, I'm in Litttigatttion.

BigZuck
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Re: Summer Associate Class of 2015: Get on In

Postby BigZuck » Sat May 30, 2015 12:36 am

Hiring partner strolled by at like 2 on a Friday and she said "Getting pretty late for a summer, shouldn't you go home?" I'm taking that to mean I can leave every day at 5 if I don't have anything that needs doing. I probably won't leave before 5 but let's just say I'm not planning on staying later than like 5:10 unless I have a reason to.

...no offer?

bonerjamz
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Re: Summer Associate Class of 2015: Get on In

Postby bonerjamz » Sat May 30, 2015 1:10 am

Wow, weird to see most people not leaving until 6/6:30 or later, that would be weird at my firm. On average I leave around 5:15, but a good amount of days been out the door at 5:00 and at happy hour by 5:15 or so.

It's all about that non-NYC major market 8)

Anonymous User
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Re: Summer Associate Class of 2015: Get on In

Postby Anonymous User » Sat May 30, 2015 2:07 am

When I summered, I left around 5 to 5:30, too. No negative effects. Might be a case by case culture thing, though. Common at my summer for us to leave around that time.

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Micdiddy
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Re: Summer Associate Class of 2015: Get on In

Postby Micdiddy » Sat May 30, 2015 2:17 am

Do people actually "announce" when they leave?

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beepboopbeep
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Re: Summer Associate Class of 2015: Get on In

Postby beepboopbeep » Sat May 30, 2015 10:38 am

bonerjamz wrote:Wow, weird to see most people not leaving until 6/6:30 or later, that would be weird at my firm. On average I leave around 5:15, but a good amount of days been out the door at 5:00 and at happy hour by 5:15 or so.

It's all about that non-NYC major market 8)


For us it's been closer to the 6-6:30 range mostly because that's when the events are. I live like 40 minutes away from the office so there's no point in skipping out early if we're all meeting up at 6 or 7 anyway.

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Capitol_Idea
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Re: Summer Associate Class of 2015: Get on In

Postby Capitol_Idea » Sat May 30, 2015 10:42 am

Micdiddy wrote:Do people actually "announce" when they leave?

Does screaming 'PEACE OUT BITCHES' down the halls on my floor count?

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lhanvt13
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Re: Summer Associate Class of 2015: Get on In

Postby lhanvt13 » Sat May 30, 2015 1:21 pm

Micdiddy wrote:Do people actually "announce" when they leave?

I just say "have a good evening, I'm heading out" to the attorneys on my side of the office that I interact with on a regular basis. Also, I check into my partner to ask if anything else needs to be done before I leave. I've only left past 5 for an emergency thing a client needed or because SA dinner at 6. I usually leave at 5pm on the dot.

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Yardbird
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Re: Summer Associate Class of 2015: Get on In

Postby Yardbird » Sat May 30, 2015 2:28 pm

lhanvt13 wrote:
Micdiddy wrote:Do people actually "announce" when they leave?

I just say "have a good evening, I'm heading out" to the attorneys on my side of the office that I interact with on a regular basis. Also, I check into my partner to ask if anything else needs to be done before I leave. I've only left past 5 for an emergency thing a client needed or because SA dinner at 6. I usually leave at 5pm on the dot.
My departure times have varied every single day, probably averaging around 6:30 or 7:00 but only because there are few juniors and few summers at my firm so we are being treated essentially like juniors. Normally when I head out, I check in with my deal teams to see if anything needs to be done that night before heading out.

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Yardbird
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Re: Summer Associate Class of 2015: Get on In

Postby Yardbird » Sat May 30, 2015 2:30 pm

trebekismyhero wrote:
lhanvt13 wrote:
PvblivsScipio wrote:Did 15, got roughly $900 withheld. It's hard to say because I took a salary advance and they spread it out over a few weeks.

i did 30+... state tax took ~ $350


I only did 2. Got $2k taken out by state and Federal. But this Spring will be awesome when I get that back
But you're losing money because you're missing out on the interest that would otherwise accrue between now and the Spring. You should be able to adjust your withholding (use the IRS calculator). Read up on the time value of money, but the gist is that a dollar today is better than a dollar tomorrow.

For reference, I took 32 allowances for federal, and had roughly $1000 withheld from three weeks of salary, but that included state withholding which only allowed 1 exemption and no allowances.

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sinfiery
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Re: Summer Associate Class of 2015: Get on In

Postby sinfiery » Sat May 30, 2015 2:46 pm

current 1 year tbond ranging between .15-.25% -- and was .09% a year ago

2k @ .2% interest is $4 in 1 year

only real reason to take more allowances is to have that money to keep up with your fellow summers while bonding

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lhanvt13
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Re: Summer Associate Class of 2015: Get on In

Postby lhanvt13 » Sat May 30, 2015 3:17 pm

sinfiery wrote:current 1 year tbond ranging between .15-.25% -- and was .09% a year ago

2k @ .2% interest is $4 in 1 year

only real reason to take more allowances is to have that money to keep up with your fellow summers while bonding

Is paying off a part of my loans not a better option? 7% vs 0%

hdunlop
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Re: Summer Associate Class of 2015: Get on In

Postby hdunlop » Sat May 30, 2015 3:26 pm

If you have discipline the correct answer is definitely to take the money now. Most people don't, though.

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Yardbird
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Re: Summer Associate Class of 2015: Get on In

Postby Yardbird » Sat May 30, 2015 4:39 pm

sinfiery wrote:current 1 year tbond ranging between .15-.25% -- and was .09% a year ago

2k @ .2% interest is $4 in 1 year

only real reason to take more allowances is to have that money to keep up with your fellow summers while bonding
Except you can invest that 2K into mutual funds/ETFs and get around 5-6%...or pay off loans. Your goal should never be to have a large tax refund. A large tax refund simply means you didn't withhold properly for that year.

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sinfiery
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Re: Summer Associate Class of 2015: Get on In

Postby sinfiery » Sat May 30, 2015 5:45 pm

...

the point is not to worry too much about something that net's you about $4 or $20

the 4 or the 20 isn't important

threecharacters
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Re: Summer Associate Class of 2015: Get on In

Postby threecharacters » Sat May 30, 2015 5:52 pm

For folks that leave around 5ish, are you expected to "bill" a certain amount of hours each day? Unless you're getting in at 8am, that's a pretty short working day (assuming long lunches).

ClubberLang
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Re: Summer Associate Class of 2015: Get on In

Postby ClubberLang » Sat May 30, 2015 6:05 pm

Anyone else get terribly bored and sleepy after lunch? I've legitimately thought about George Costanza naps under my desk, I'm certain nobody would notice.

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MCFC
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Re: Summer Associate Class of 2015: Get on In

Postby MCFC » Sat May 30, 2015 6:11 pm

threecharacters wrote:For folks that leave around 5ish, are you expected to "bill" a certain amount of hours each day? Unless you're getting in at 8am, that's a pretty short working day (assuming long lunches).

I don't leave that early, but we do have a minimum billing amount (in the sense that the software flags it if it's below). But there's a billing code for summer lunches, so it's fine.

Anonymous User
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Re: Summer Associate Class of 2015: Get on In

Postby Anonymous User » Sat May 30, 2015 6:49 pm

threecharacters wrote:For folks that leave around 5ish, are you expected to "bill" a certain amount of hours each day? Unless you're getting in at 8am, that's a pretty short working day (assuming long lunches).

They told us we have to be around the office for at least 7 hours each day... but like the above poster, that also includes lunches, hanging out, etc.

I'm usually out by 5-5:30ish, get in at 9:30-10ish.

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First Offense
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Re: Summer Associate Class of 2015: Get on In

Postby First Offense » Sat May 30, 2015 8:31 pm

Anonymous User wrote:
threecharacters wrote:For folks that leave around 5ish, are you expected to "bill" a certain amount of hours each day? Unless you're getting in at 8am, that's a pretty short working day (assuming long lunches).

They told us we have to be around the office for at least 7 hours each day... but like the above poster, that also includes lunches, hanging out, etc.

I'm usually out by 5-5:30ish, get in at 9:30-10ish.

Our only dictate was "get your work done". So as long as we do that, we are pretty much left to our own devices.

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sublime
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Re: Summer Associate Class of 2015: Get on In

Postby sublime » Sun May 31, 2015 5:10 pm

..

03152016
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Re: Summer Associate Class of 2015: Get on In

Postby 03152016 » Sun May 31, 2015 5:14 pm

does your bank have an app that lets you do mobile deposit




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