"I'd like to work in biglaw for a while..." Forum

[Anonymous User]

I am interning currently at a boutique firm in NYC. From what I gathered from this thread is that most of you in biglaw right now are staying to pay off the loans/support family/stuck there. I was under the impression that some firms pay your monthly loan payments for you, but apparently the headhunter(family friend) I gathered this information from was completely wrong. The firm I work for is roughly 10 attorneys, but they pay 6 fig (probably around 120k) and pay your monthly loan payments. Is this rare? Do biglaw firms not do this?

Please tell us where you work.

[09042014]

I am interning currently at a boutique firm in NYC. From what I gathered from this thread is that most of you in biglaw right now are staying to pay off the loans/support family/stuck there. I was under the impression that some firms pay your monthly loan payments for you, but apparently the headhunter(family friend) I gathered this information from was completely wrong. The firm I work for is roughly 10 attorneys, but they pay 6 fig (probably around 120k) and pay your monthly loan payments. Is this rare? Do biglaw firms not do this?

I'd be here anyway because non-big law either sucks or is hard to get.

But, no virtually nobody pays your student loan payments. And even if they did, you'd still be iron cuffed to the job.

[Mal Reynolds]

What do the exit options look like for someone with a year of diligence monkey experience.

[Anonymous User]

I am interning currently at a boutique firm in NYC. From what I gathered from this thread is that most of you in biglaw right now are staying to pay off the loans/support family/stuck there. I was under the impression that some firms pay your monthly loan payments for you, but apparently the headhunter(family friend) I gathered this information from was completely wrong. The firm I work for is roughly 10 attorneys, but they pay 6 fig (probably around 120k) and pay your monthly loan payments. Is this rare? Do biglaw firms not do this?

I'd be here anyway because non-big law either sucks or is hard to get.

But, no virtually nobody pays your student loan payments. And even if they did, you'd still be iron cuffed to the job.

Right, I was thinking that it wouldn't exactly minimize the trapped feeling. But, having 160k+ job and loans being paid sounds too good to be true. While this firm pays less and does less desirable substantive work, the loan repayment incentive sounds pretty sweet to me and has me seriously considering it (if offered). Especially as a rising 2L.

[dixiecupdrinking]

I am interning currently at a boutique firm in NYC. From what I gathered from this thread is that most of you in biglaw right now are staying to pay off the loans/support family/stuck there. I was under the impression that some firms pay your monthly loan payments for you, but apparently the headhunter(family friend) I gathered this information from was completely wrong. The firm I work for is roughly 10 attorneys, but they pay 6 fig (probably around 120k) and pay your monthly loan payments. Is this rare? Do biglaw firms not do this?

I'd be here anyway because non-big law either sucks or is hard to get.

But, no virtually nobody pays your student loan payments. And even if they did, you'd still be iron cuffed to the job.

Right, I was thinking that it wouldn't exactly minimize the trapped feeling. But, having 160k+ job and loans being paid sounds too good to be true. While this firm pays less and does less desirable substantive work, the loan repayment incentive sounds pretty sweet to me and has me seriously considering it (if offered). Especially as a rising 2L.

Depending on how much you owe, this could be more all-in comp than biglaw anyway. But I find it very odd. Why would they pay your loans? Usually when firms offer perks like this there's a tax incentive or something but for this I can't imagine why they would rather pay your loans than just pay you more.

[LRGhost]

I am interning currently at a boutique firm in NYC. From what I gathered from this thread is that most of you in biglaw right now are staying to pay off the loans/support family/stuck there. I was under the impression that some firms pay your monthly loan payments for you, but apparently the headhunter(family friend) I gathered this information from was completely wrong. The firm I work for is roughly 10 attorneys, but they pay 6 fig (probably around 120k) and pay your monthly loan payments. Is this rare? Do biglaw firms not do this?

I'd be here anyway because non-big law either sucks or is hard to get.

But, no virtually nobody pays your student loan payments. And even if they did, you'd still be iron cuffed to the job.

Right, I was thinking that it wouldn't exactly minimize the trapped feeling. But, having 160k+ job and loans being paid sounds too good to be true. While this firm pays less and does less desirable substantive work, the loan repayment incentive sounds pretty sweet to me and has me seriously considering it (if offered). Especially as a rising 2L.

Pls PM me the firm, ty.

[salix]

It's the amount of work, number of hours, and deadlines which make the job so bad in general. It's the people, the bosses, the assholes, who make it absolutely toxic for some people. If you happen to work for an asshole, you are just fucked.

One of the more sadistic aspects of the job is the billable hours requirement. It's not the amount, though 2000 is too high, it's that it doesn't take into account downtime. Firm only has 50 hours of work for you in March? Better hope you have a great April. It's shitty, and makes you worry when you aren't busy. So it sucks to be busy, and sucks to be slow.

I understand why it sucks sometimes, that 200k/yr isn't stupid rich and that you don't mesh with some of the people. I'm assuming if 100k 40 hrs were there in house, you'd take it. However, maybe you just don't like the work in general?

I kind of like my job so far, but I've been billing like 100 hours a month because we are slow. I work with really good people, but I see colleagues get destroyed by psycho bosses. And it's not like I picked correctly, it was total luck.

The type of work is actually pretty good. It's certainly better than what I did pre law school.

There is no type of work that you would enjoy if you were expected to perform like biglawyers are. Getting blow jobs would suck if you had to cum all night to finish by Thursday morning but your partner didn't swollow it til next wednesday.

You almost owed me a new keyboard.

[McAvoy]

It's definitely not widespread, but I know of one firm in a bumfuck market that offers to pay off loans up front for young laterals (under a certain threshold) if they agree to stay for a very long time.

[09042014]

I am interning currently at a boutique firm in NYC. From what I gathered from this thread is that most of you in biglaw right now are staying to pay off the loans/support family/stuck there. I was under the impression that some firms pay your monthly loan payments for you, but apparently the headhunter(family friend) I gathered this information from was completely wrong. The firm I work for is roughly 10 attorneys, but they pay 6 fig (probably around 120k) and pay your monthly loan payments. Is this rare? Do biglaw firms not do this?

I'd be here anyway because non-big law either sucks or is hard to get.

But, no virtually nobody pays your student loan payments. And even if they did, you'd still be iron cuffed to the job.

Right, I was thinking that it wouldn't exactly minimize the trapped feeling. But, having 160k+ job and loans being paid sounds too good to be true. While this firm pays less and does less desirable substantive work, the loan repayment incentive sounds pretty sweet to me and has me seriously considering it (if offered). Especially as a rising 2L.

Depending on how much you owe, this could be more all-in comp than biglaw anyway. But I find it very odd. Why would they pay your loans? Usually when firms offer perks like this there's a tax incentive or something but for this I can't imagine why they would rather pay your loans than just pay you more.

You'd have to have around 300k to break even with 160k salary wise.

[WokeUpInACar]

What do the exit options look like for someone with a year of diligence monkey experience.