how many hours do NYC BIGLAW attorneys work a week?
Posted: Mon Feb 04, 2008 5:24 pm
does anyone know?
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He's right folks. I was a paralegal at cravath for a while and i'd say it ranged from 50 to 100. I had a friend who was an M&A paralegal and she billed 120 hours one week.gmmathers wrote:HA. Try 80+/week
So over a 7 day week your friend worked on average over 17 hours a day? Thats insane...philo-sophia wrote:He's right folks. I was a paralegal at cravath for a while and i'd say it ranged from 50 to 100. I had a friend who was an M&A paralegal and she billed 120 hours one week.gmmathers wrote:HA. Try 80+/week
Unfortunately, it's add another 1/2 to 1/3.I think the general rule of them is that 65-75% of the hours you work are billable, so add 1/3 to 1/4 more to those totals, then
i think it's pretty typical of V10 firms at least. I think the biggest difference in hours is not between firms, but between departments. If you work in M&A at any big NYC firm, the hours will be insane, b/c you work alongside M&A bankers whose hours are insane, and who expect their lawyers to be available 24/7.Nike6075 wrote:Cravath =/= average NYC Biglaw firm.
This is probably all true. But this doesn't coincide with saying 'He's right folks' when somebody says 80+ hours/week. Sure, that's possible, but that answers a different question (How many hours can NYC BIGLAW attorneys work a week?)philo-sophia wrote:i think it's pretty typical of V10 firms at least. I think the biggest difference in hours is not between firms, but between departments. If you work in M&A at any big NYC firm, the hours will be insane, b/c you work alongside M&A bankers whose hours are insane, and who expect their lawyers to be available 24/7.Nike6075 wrote:Cravath =/= average NYC Biglaw firm.
I worked in corporate banking (basically really big corporate loans) and never worked more than 80 hrs (often worked 50 or less), b/c there's less stress around the timeline. At cravath, new attorneys rotate through all of the departments for a few months each before ending up in one. A lot of the attorneys who chose M&A had investment banking aspirations.
Right. I don't understand why this business model persists. Why not just hire close to twice the number of attorneys working half the time and pay them half the money? The same amount of work gets done... and everyone is much happier (because of improved qol)... and the students at T2 schools don't have to be so anxious about finding work when they graduate. It's a win for everyone.iwasgoingtobeasenator wrote:Working 100 hours in one week sounds horrible. I am capable because I am obsessive compulsive with a work disorder, but I can't imagine why anyone would WANT to do that. From what I hear, it sounds like firms that pay you that 160+fat bonus are really just giving you 2 80K/year jobs back to back. I'd rather take 1 80K job and be able to make it to the gym when I get home
Well there are only so many spots for the oh so coveted "partner" positions so they don't want a sea of associates, (and office space is really expensive) and they just figure that it's easier to rely on 1 person being everywhere at all times than to rely on 2 people not being sick, having a grandma pass, dealing with a car accident, etc. I hate the business model there, so I'd love a change but... I think it will remain sadly.the5man wrote:Right. I don't understand why this business model persists. Why not just hire close to twice the number of attorneys working half the time and pay them half the money? The same amount of work gets done... and everyone is much happier (because of improved qol)... and the students at T2 schools don't have to be so anxious about finding work when they graduate. It's a win for everyone.iwasgoingtobeasenator wrote:Working 100 hours in one week sounds horrible. I am capable because I am obsessive compulsive with a work disorder, but I can't imagine why anyone would WANT to do that. From what I hear, it sounds like firms that pay you that 160+fat bonus are really just giving you 2 80K/year jobs back to back. I'd rather take 1 80K job and be able to make it to the gym when I get home
If T14 graduates all just decided they didn't want to work with such poor quality of life... then they'd have to change the model. The only problem is... like moths to a flame, we see all those 0's after $160,000...000,000,000 and we slobber.the rza wrote:why do people do this exactly?
time to spend with family, be outdoors, read good books >>>>>>> $$$$$, no?
I don't see how more competition for partnership would be a real problem. I do see the office space issue, but I'm sure some comfortable balance can be struck between its cost and how salaries are set. About the 1 vs 2 issue, it probably works both ways. I imagine a happier associate with a better qol and better work-home life balance would be a better associate who does better work.iwasgoingtobeasenator wrote:Well there are only so many spots for the oh so coveted "partner" positions so they don't want a sea of associates, (and office space is really expensive) and they just figure that it's easier to rely on 1 person being everywhere at all times than to rely on 2 people not being sick, having a grandma pass, dealing with a car accident, etc. I hate the business model there, so I'd love a change but... I think it will remain sadly.the5man wrote:Right. I don't understand why this business model persists. Why not just hire close to twice the number of attorneys working half the time and pay them half the money? The same amount of work gets done... and everyone is much happier (because of improved qol)... and the students at T2 schools don't have to be so anxious about finding work when they graduate. It's a win for everyone.iwasgoingtobeasenator wrote:Working 100 hours in one week sounds horrible. I am capable because I am obsessive compulsive with a work disorder, but I can't imagine why anyone would WANT to do that. From what I hear, it sounds like firms that pay you that 160+fat bonus are really just giving you 2 80K/year jobs back to back. I'd rather take 1 80K job and be able to make it to the gym when I get home
My lack of desire to live the NYC lawyer life is exactly why NYU and Columbia never struck my attention. (Or my more qualified significant other). I think a lot of firms (and clearly some schools) want you to go out and live your 20's so you don't feel bad about handing a big firm your 30's. I don't plan on doing any of that business. I work at a firm now where I see associates enjoy their life, get home at a reasonable hour, and make partner in 6 years which is a big deal. Now, they start at like 110K, and not 160K, but I'm willing to give that money up if i can enjoy my life a bit more.mzing12 wrote:Isn't there an epidemic of people dropping out of NYC big law? It sounds like an absolutely horrible life for anyone to live ... law is definitely a career you should not just jump into.
amen. fuck, $110,000 is way more than my dad makes after a 35 year career.Now, they start at like 110K, and not 160K, but I'm willing to give that money up if i can enjoy my life a bit more.
All of the reasons previously mentioned, as well as another big factor - training costs.Why not just hire close to twice the number of attorneys working half the time and pay them half the money?