Columbia EIP 2014 Forum

[Anonymous User]

any offers from the DC market? I did a few cbs last week and was curious on their offer speed compared to ny.

I know Akin, Skadden, GDC, and WH have all extended offers.

PW has also extended offers.

Cleary DC too

[Anonymous User]

any offers from the DC market? I did a few cbs last week and was curious on their offer speed compared to ny.

I know Akin, Skadden, GDC, and WH have all extended offers.

PW has also extended offers.

When? And when did people interview who got offers?

[Anonymous User]

Who still has no offers? How many firms have you mass-mailed?

Me. (Though still a few CBs to come). Over 200.

Me, one callback tomorrow. Will start mass-mailing after the callback.

[Anonymous User]

Who still has no offers? How many firms have you mass-mailed?

Me. (Though still a few CBs to come). Over 200.

Me, one callback tomorrow. Will start mass-mailing after the callback.

Why not send the emails tonight?

[Anonymous User]

Hey! I was wondering if anyone could give me a little help - I'm interviewing with the L&W London office tomorrow. I'm really bad at coming up with questions to ask during the "do you have any questions for me?" section - does anyone have any suggestions? Would it be inappropriate to as the US based attorney's how they've found living/working in London? I don't want to seem uncommitted to the move.

Also, the group only does Cap. Mark. work so I want to have a good reason prepared for wanting to do that and also really understand what it is to the best of my ability. CM is very negotiation focused, right? Or is it that other people are negotiating and you are just writing the agreement? Also, I believe it involves a lot of client interaction? Thanks!

[Anonymous User]

Hey! I was wondering if anyone could give me a little help - I'm interviewing with the L&W London office tomorrow. I'm really bad at coming up with questions to ask during the "do you have any questions for me?" section - does anyone have any suggestions? Would it be inappropriate to as the US based attorney's how they've found living/working in London? I don't want to seem uncommitted to the move.

Also, the group only does Cap. Mark. work so I want to have a good reason prepared for wanting to do that and also really understand what it is to the best of my ability. CM is very negotiation focused, right? Or is it that other people are negotiating and you are just writing the agreement? Also, I believe it involves a lot of client interaction? Thanks!

I can't speak to Capital Markets, but as far as "do you have questions," I just ask basic stuff and agree with everything the person says. I'd probably go with "Why did you chose to go overseas," then double down on their reasoning, "Were there any major adjustments to be made after you moved," "Do you think there are any disadvantages to being an expat in London," and "Are you thinking about moving back to the states in the next couple years?" Those questions should get to all your concerns and not seem shady. If you feel resistance to the questioning, it does suggest your move wouldn't be longterm, followup with something like "I really want to make a long-term career here and wanted to see how you felt about the practice."

[Tiago Splitter]

I wouldn't say capital markets is uniquely negotiation focused. It does often provide a lot of client interaction, especially if you are representing issuers. I'm not sure if LW's practice there is more issuer or underwriter-focused, so that might be a question to ask. One thing that will always be true in capital markets is that you learn a lot about companies and industries because when you put together offering documents you want to make sure to disclose what other companies in the industry are disclosing. You also want to dig deeply into the details of the company doing the issue so that you disclose everything that might be material; in doing this, you get to learn a lot about the issuer and their business. As part of this, you get to have a lot of interaction with very high-level management of the issuer. All of this is stuff you can use when asked why you are interested in this practice.

As for questions for them, I think asking about why they chose to come to London and what they think of the experience would be totally acceptable. I'd also ask about how they generate work (it's probably overseas firms looking to issue securities in the US but they may not expect you to know that) and how assignments get staffed (L&W uses "the book" and a fairly free market assignment system for juniors but I'd be interested to know how that plays out in the international offices). With partners I always like to ask if they plan to grow the office and especially with a satellite office like that what the impetus was for setting it up. You can also ask partners what made them want to come to London if they didn't start there.

[Anonymous User]

Besides profits per partner, what are some other available metrics to gauge a firm's financial health? What kinds of questions can we ask at a second look that would give us more information about this?

[911 crisis actor]

RPL is better - look for figures above 1 million, indicating either lower leverage or sufficient revenue to offset high leverage

[Anonymous User]

Anyone get an offer from Orrick?

[jbagelboy]

RPL is better - look for figures above 1 million, indicating either lower leverage or sufficient revenue to offset high leverage

Know where we could see a revenue per lawyer list without getting an AmLaw account?

[911 crisis actor]

If you go to a firm's profile page on Amlaw, it's usually listed

[cws277]

RPL is better - look for figures above 1 million, indicating either lower leverage or sufficient revenue to offset high leverage

Know where we could see a revenue per lawyer list without getting an AmLaw account?

Irritatingly, Lexis has AmLaw, but navigating to the specific article on Lexis ("Firms Ranked by Revenue Per Lawyer") only provides the first three paragraphs with a link to the chart that leads to... the AmLaw website.

[Anonymous User]

Wachtell ding by email, and I'm officially done with the interviewing process! Now on to the decision...

[Anonymous User]

Speaking of AmLaw, any chance we can see the recent polls/rankings released through some Columbia subscription?

[Anonymous User]

RPL is better - look for figures above 1 million, indicating either lower leverage or sufficient revenue to offset high leverage

so for example schulte > O'Melveny & Myers? Higher RPL and higher PPP


it's weird, if you're on Schulte page it's all N/A but scroll down past the first set of articles and that chart will be there again but actually filled in with the numbers and ranks

[Anonymous User]

Wachtell ding by email, and I'm officially done with the interviewing process! Now on to the decision...

Was the Wachtell ding post callback or screener? Thanks!

[Anonymous User]

Wachtell ding by email, and I'm officially done with the interviewing process! Now on to the decision...

Was the Wachtell ding post callback or screener? Thanks!

cb

[911 crisis actor]

RPL is better - look for figures above 1 million, indicating either lower leverage or sufficient revenue to offset high leverage

so for example schulte > O'Melveny & Myers? Higher RPL and higher PPP


it's weird, if you're on Schulte page it's all N/A but scroll down past the first set of articles and that chart will be there again but actually filled in with the numbers and ranks

You can't really use the numbers to compare firms. They indicate a baseline of financial stability. Generally anything above ~$1 million RPL and ~2 million PPP is good, but again it's a very rough metric. Compounding that, Schulte and OMM are such different firms that comparing them on numbers alone is pointless.

That said, OMM had a 10% decline in revenue last year (not insignificant) and TLS has been gossiping about the firm's health for some time now.

[Anonymous User]

any offers from the DC market? I did a few cbs last week and was curious on their offer speed compared to ny.

I know Akin, Skadden, GDC, and WH have all extended offers.

PW has also extended offers.

When? And when did people interview who got offers?

Bump

[Anonymous User]

A & P DC office post-screener ding arrives, more than 2 wks after the Doubletree

[Anonymous User]

A & P DC office post-screener ding arrives, more than 2 wks after the Doubletree

And at midnight which was weird

[lunaraeon]

RPL is better - look for figures above 1 million, indicating either lower leverage or sufficient revenue to offset high leverage

Know where we could see a revenue per lawyer list without getting an AmLaw account?

Click through from Symplicity and you have access.

[Anonymous User]

Any goodwin NY Movement? Anyone have callbacks last week and still haven't heard?

[Anonymous User]

Any goodwin NY Movement? Anyone have callbacks last week and still haven't heard?

Same question, only with Mayer Brown.