Going from lower ranked, but Band 1 to V5?

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Going from lower ranked, but Band 1 to V5?

Postby Anonymous User » Thu Sep 08, 2016 11:44 pm

I'll be heading to a market leading practice that is not highly ranked on vault.

Is it ever possible to lateral up? And if so, what does it usually require?

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LaLiLuLeLo

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Re: Going from lower ranked, but Band 1 to V5?

Postby LaLiLuLeLo » Thu Sep 08, 2016 11:51 pm

God forbid you aren't at a V5! Why would you ever work at a firm that's guaranteed career suicide???

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rpupkin

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Re: Going from lower ranked, but Band 1 to V5?

Postby rpupkin » Fri Sep 09, 2016 1:15 am

The general formula for lateraling is:

(V/Y) * B

V = Vault Rank of Current Firm
Y = Class Year
B = Chambers Band


To take an example, let's say you're currently a third-year associate at a V30 in a Band 1 practice group:

(30/3) * 1 = 10.

That means you can lateral to a V10! :D

Now, let's take a more junior associate at a less prestigious firm—say, a second-year associate at a V40 in a Band 3 practice group.:

(40/2) * 3 = 60

The most this associate can hope for is to lateral to a V60. :(

Winter is Coming

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Re: Going from lower ranked, but Band 1 to V5?

Postby Winter is Coming » Fri Sep 09, 2016 1:35 am

rpupkin wrote:The general formula for lateraling is:

(V/Y) * B

V = Vault Rank of Current Firm
Y = Class Year
B = Chambers Band


To take an example, let's say you're currently a third-year associate at a V30 in a Band 1 practice group:

(30/3) * 1 = 10.

That means you can lateral to a V10! :D

Now, let's take a more junior associate at a less prestigious firm—say, a second-year associate at a V40 in a Band 3 practice group.:

(40/2) * 3 = 60

The most this associate can hope for is to lateral to a V60. :(


Poster above's forumula is largely correct, but there are other variables involved such as pro bono opportunities, culture and partner's dick size to take into account.

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Re: Going from lower ranked, but Band 1 to V5?

Postby Anonymous User » Fri Sep 09, 2016 9:12 am

This formula is interesting. Regarding vault ranking, is it the general or city specific?

For example, if I'm at Arnold & Porter in DC, but doing corporate rather than antitrust for two years, would my score be:

(5/2) * 2 = 5. Because they're ranked 5th in DC but band 2 for Corp. in chambers.

Or

(25/2) * 2 = 25

I like the first one better.

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nealric

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Re: Going from lower ranked, but Band 1 to V5?

Postby nealric » Fri Sep 09, 2016 9:44 am

rpupkin wrote:The general formula for lateraling is:

(V/Y) * B

V = Vault Rank of Current Firm
Y = Class Year
B = Chambers Band


To take an example, let's say you're currently a third-year associate at a V30 in a Band 1 practice group:

(30/3) * 1 = 10.

That means you can lateral to a V10! :D

Now, let's take a more junior associate at a less prestigious firm—say, a second-year associate at a V40 in a Band 3 practice group.:

(40/2) * 3 = 60

The most this associate can hope for is to lateral to a V60. :(


I appreciate the laugh :lol:

Bravo sir/madam!

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Internetdan

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Re: Going from lower ranked, but Band 1 to V5?

Postby Internetdan » Fri Sep 09, 2016 12:22 pm

It's all true. I tried to round down from my 25.57 to 25. No one really notices that stuff right? who would ever know or care. I mean it's basically an even 25 anyways. If it wasn't for that one stupid adjunct professor in HR deferring me for 3 months I would have been in year 3.

Well now a few weeks after swinging my DREAM FIRM of jones day Cleveland they checked my transcript and I'm facing a C&F inquiry and disbarment.

Do. Not. Round.

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KMart

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Re: Going from lower ranked, but Band 1 to V5?

Postby KMart » Fri Sep 09, 2016 12:29 pm

Rp has been on a roll recently.



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