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Are "regional firms" considered biglaw or midlaw?
Posted: Thu Jan 20, 2011 9:33 pm
by Anonymous User
For example, a firm that is headquarted in Cincinnati, has offices in Indianapolis and Louisville, and totals approximately 300 attorneys combined.
is this biglaw or midlaw?
Re: Are "regional firms" considered biglaw or midlaw?
Posted: Thu Jan 20, 2011 9:36 pm
by fathergoose
do they pay 160?
yes --> Big Law
No --> Mid Law
Re: Are "regional firms" considered biglaw or midlaw?
Posted: Thu Jan 20, 2011 9:41 pm
by romothesavior
fathergoose wrote:do they pay 160?
yes --> Big Law
No --> Mid Law
This is incredibly stupid. A first year associate that makes 100k in Indianapolis or Cincinnati is far better off financially than a NYC associate making 160.
OP, some people may say Vault 100 is the cutoff for biglaw, but I think NLJ 250 makes more sense. The NALP "Go To Law Schools" list is based off of NLJ 250 data, and I think most people would consider those to be biglaw. But of course, there is no hard cutoff and it is more of a sliding scale than anything else.
Re: Are "regional firms" considered biglaw or midlaw?
Posted: Thu Jan 20, 2011 9:50 pm
by fathergoose
"big law" are the largest and most prestigious firms in the country. They also all typically pay lock step at 160 for new associates.
That's not disparaging mid law or the cost of living in wherever, indiana
Re: Are "regional firms" considered biglaw or midlaw?
Posted: Thu Jan 20, 2011 9:54 pm
by dood
fathergoose wrote:"big law" are the largest and most prestigious firms in the country. They also all typically pay lock step at 160 for new associates.
That's not disparaging mid law or the cost of living in wherever, indiana
to me big law means the big multi-billion $ interesting m&a work, not some shitty breach of contract on a $1M construction project in idaho. the types of firms that do this work are vault 100 and pay typically $160K, which is referred to as "market", even thou it is really "NYC market".
biggest =/= big law, see
dla piper
but in general fathergoose has giving u a very easy way to identify big law firms, just see if they pay $160K.
Re: Are "regional firms" considered biglaw or midlaw?
Posted: Fri Jan 21, 2011 12:00 am
by Aqualibrium
"BIGLAW" = Vault 100/Am Law 100 firms.
It's not disparaging to the NLJ250 or any regional firms out there to acknowledge that.
If the firm in question isn't on that list, it isn't the common definition of biglaw.
Not that it matters much. You get paid a lot. You work a lot. No one with a life is gonna care whether your firm is "biglaw" or "midlaw."