Anonymous User wrote:ymmv wrote:Anonymous User wrote:How serious are firms about these grade stipulations? Seeing a lot of mediocre firms throwing out top 15% like it's candy.
Ignore that completely. Look at the actual grade breakdown for Penn students bidding last year.
To some extent those numbers (the pie charts) will be inflated as well. First, the charts reflect the last three years. Firms seem to be casting a wider and wider net over the last three years. This probably doesn't inflate the numbers by much though. Second, the chart reflects offers, not acceptances. Thus, the grades of people who were offered/accepted at the most selective firms are represented. This probably causes a lot of inflation (especially around the lower ranks).
I took a brief look at the ABA numbers since 2010 to try to get an idea of just how successful Penn is at Biglaw (or 101+) insertion. Here are the results. Please know that I am aware that this is not completely indicative of OCI success (people get jobs outside OCI), but it is nonetheless very informative (I think).
% of Class @ 101-501+ (Not taking into account adjustments for clerks/academics/public interest people)
% of Class @ 101-501+ (Adjusting for clerks/academics/public interest people)
2014-84% (Whoa!) FYI, this # is 78% for 251-501+. Not bad.
I am looking for feedback. I realize that subtracting clerks/academics/PIs from the class size is subjective. I figure these people are capable of getting Biglaw but do not bother with the exception of some state court clerks who represent a small fraction of our clerkships (see the ABA clerk numbers for the last five years). Adjusting for the handful of state clerks wouldn't change the numbers all that much. For example, it would change the 84% (immediately above) to roughly 82% assuming 10% of clerks can't get Biglaw jobs.
Pie charts are inflated because firms give out tons of offers to top of the class people who can all only take one offer. The charts are only meaningful to give you the gist of the firm vs other firms; they are not indicative of what it takes to get an offer or even the profile of the average candidate who gets an offer at that firm.
Good luck all. You'll be fine. Try to be nice to each other and be conscientious that not everyone's experience is the same.