Quinn basically just not doing summers any more Forum

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First Offense

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Re: Quinn basically just not doing summers any more

Post by First Offense » Tue Jul 07, 2015 9:20 am

Anonymous User wrote:For a $30k signing bonus, I would consider taking my T14 3.9 and my 2L summer at a V10 and jumping ship to Quinn. I assume they know I'm not alone...
And you would be stupid for doing so. It boggles the mind how people with six figure salaries are easily swayed by a few thousand more and less tolerable working conditions.

legends159

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Re: Quinn basically just not doing summers any more

Post by legends159 » Tue Jul 07, 2015 10:00 am

First Offense wrote:
Anonymous User wrote:For a $30k signing bonus, I would consider taking my T14 3.9 and my 2L summer at a V10 and jumping ship to Quinn. I assume they know I'm not alone...
And you would be stupid for doing so. It boggles the mind how people with six figure salaries are easily swayed by a few thousand more and less tolerable working conditions.
Working conditions suck everywhere and you need to get as much money as you can since you're not going to stay long. What boggles your mind? That people who do unpleasant things for six figure salaries will not continue to do so for more money?

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2014

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Re: Quinn basically just not doing summers any more

Post by 2014 » Tue Jul 07, 2015 10:01 am

First Offense wrote:
Anonymous User wrote:For a $30k signing bonus, I would consider taking my T14 3.9 and my 2L summer at a V10 and jumping ship to Quinn. I assume they know I'm not alone...
And you would be stupid for doing so. It boggles the mind how people with six figure salaries are easily swayed by a few thousand more and less tolerable working conditions.
Which lifestyle V10 were you thinking of when constructing this critique

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First Offense

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Re: Quinn basically just not doing summers any more

Post by First Offense » Tue Jul 07, 2015 12:15 pm

2014 wrote:
First Offense wrote:
Anonymous User wrote:For a $30k signing bonus, I would consider taking my T14 3.9 and my 2L summer at a V10 and jumping ship to Quinn. I assume they know I'm not alone...
And you would be stupid for doing so. It boggles the mind how people with six figure salaries are easily swayed by a few thousand more and less tolerable working conditions.
Which lifestyle V10 were you thinking of when constructing this critique
Some are worse than others. Quinn notably so.

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Re: Quinn basically just not doing summers any more

Post by Chrstgtr » Tue Jul 07, 2015 12:39 pm

First Offense wrote:
Anonymous User wrote:For a $30k signing bonus, I would consider taking my T14 3.9 and my 2L summer at a V10 and jumping ship to Quinn. I assume they know I'm not alone...
And you would be stupid for doing so. It boggles the mind how people with six figure salaries are easily swayed by a few thousand more and less tolerable working conditions.
I don't see how this critique makes sense. If he is at a place with miserable working conditions already and has to potential to jump to a better lit. department, it may make sense. He will essentially get an 30K for a job he probably would've taken anyways.

Quin gets to cut down on its cost by a few thousand that it would've spent on each summer (SAs paying just a little over 30K) and only pay out money to people who are definitely coming to their firm. A shrewd move but one that may be effective.

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Elston Gunn

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Re: Quinn basically just not doing summers any more

Post by Elston Gunn » Tue Jul 07, 2015 12:40 pm

Did I miss the part where Quinn is now doing $30k signing bonuses?

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Re: Quinn basically just not doing summers any more

Post by Anonymous User » Tue Jul 07, 2015 12:56 pm

Pretty sure 30k was a hypothetical pulled out of thin air. It'll be interesting to see what the bonuses are if/when they materialize. (Quinn said there would be bonuses, but I don't think he's publicly said how much they'll be.)

I also think most of the Quinn threads on TLS are pretty amusing. People here seem to hold multiple conflicting views of the firm in their mind at the same time. In another thread someone posted that Quinn pays below market bonuses like Jones Day because of the sharp hours requirement. It's also widely accepted that you'll work way more hours at Quinn than you would at another firm. I guess maybe you consider 2100 hours to be "sweatshop" level still, but I'd wager that pretty much everyone at Quinn hits that, and that a sizable majority hit the 2400 level or beyond. So I don't get how they're both notoriously a firm with some of the worst hours and a firm that pays below market bonuses. (Especially given that there's no blackbox factor like at Jones Day.)

I don't think Quinn is trying to hide what it is or what it does. This is a cost saving measure. They already gave up on the OCI hiring model, so it's not shocking that they'd try something else new. I also wonder how many summers Quinn loses to clerking and if this is part of means to stop that. And, as Desert Fox noted, they already take in a large number of laterals. The big question mark is how much of the money saved is actually funneled into other recruiting efforts.

But, like the 30k hypothetical, a lot of this is just silly speculation. Maybe post-Alice and post-RMBS suits Quinn is slow. (though I kinda doubt it) Maybe they're so cheap that they are going to pocket the money they save (though really, I wonder how much ~2.5 mil saved would really move its PPP at this point). Maybe they really want more clerks/top students so they can poach more clients. Maybe Quinn is trying to up the prestige of the firm.

Who knows. Quinn is just continuing to be Quinn. Kinda odd, kinda cheap, kinda prestige obsessed, and very practical. We'll see what happens.

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rpupkin

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Re: Quinn basically just not doing summers any more

Post by rpupkin » Tue Jul 07, 2015 1:39 pm

Anonymous User wrote:Pretty sure 30k was a hypothetical pulled out of thin air. It'll be interesting to see what the bonuses are if/when they materialize. (Quinn said there would be bonuses, but I don't think he's publicly said how much they'll be.)

I also think most of the Quinn threads on TLS are pretty amusing. People here seem to hold multiple conflicting views of the firm in their mind at the same time. In another thread someone posted that Quinn pays below market bonuses like Jones Day because of the sharp hours requirement. It's also widely accepted that you'll work way more hours at Quinn than you would at another firm. I guess maybe you consider 2100 hours to be "sweatshop" level still, but I'd wager that pretty much everyone at Quinn hits that, and that a sizable majority hit the 2400 level or beyond. So I don't get how they're both notoriously a firm with some of the worst hours and a firm that pays below market bonuses. (Especially given that there's no blackbox factor like at Jones Day.)

I don't think Quinn is trying to hide what it is or what it does. This is a cost saving measure. They already gave up on the OCI hiring model, so it's not shocking that they'd try something else new. I also wonder how many summers Quinn loses to clerking and if this is part of means to stop that. And, as Desert Fox noted, they already take in a large number of laterals. The big question mark is how much of the money saved is actually funneled into other recruiting efforts.

But, like the 30k hypothetical, a lot of this is just silly speculation. Maybe post-Alice and post-RMBS suits Quinn is slow. (though I kinda doubt it) Maybe they're so cheap that they are going to pocket the money they save (though really, I wonder how much ~2.5 mil saved would really move its PPP at this point). Maybe they really want more clerks/top students so they can poach more clients. Maybe Quinn is trying to up the prestige of the firm.

Who knows. Quinn is just continuing to be Quinn. Kinda odd, kinda cheap, kinda prestige obsessed, and very practical. We'll see what happens.
A couple of sentences in, I was ready to dismiss this post as the product of a Quinn shill. But having read the whole post, I think it's a fair assessment.

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