Anonymous User wrote:To answer the previous poster's question, 3.56 is probably around top 20%.
I'm in a similar situation as OP. Assuming we have a decent shot at an offer, how aggressively should we bid on V10-V15 firms? Should we be ranking firms like Debevoise, Paul Weiss, and Simspon in the top 15ish to ensure we get interviews? Or try to secure 20-25 less selective firms before we think about bidding on the more elite firms?
And, on a side note, do we even have a prayer at the more selective DC firms?
Rising NYU 3L here.
In general, the more selective the firm, the lower you can bid them. You could probably get an interview at Wachtell by throwing it in at 45 or something. Your top 10-15 bids should be the firms that are both well-regarded places and within striking distance for a large number of NYU students: Sidley, Jones Day, Milbank, Shearman, Ropes (very popular, should probably be in your top 5 or 10), etc.
However, there are three, at least, factors you want to balance this general advice against: number of interview slots, subjective popularity, and what I'll call the Prestige/Selectiveness Ratio (PSR).
Firms that have high PSRs include places like Weil, Skadden, Kirkland and Latham. You need to prioritize these firms if you want interviews, even though they will interview a relatively large number of students. Lots of people feel that they would have no shot at a DPW but could get in at Skadden, so they bid Skadden really high. Kirkland is similar; I think you had to bid them #1 or #2 last year to get an interview.
I would say Paul Weiss and Debevoise are also very popular, but are big and don't have the same PSR issue; they are arguably more selective and arguably less prestigious than Weil, Skadden, etc., so you can probably bid them in the ~25 range and get an interview.
I would say most of the 15-25 range should go to places that are a little lower ranked/less selective but still good places to be that will be popular, like Hughes Hubbard, Kramer Levin, the Magic Circle firms, etc., etc.
Once you're in the 30s I would start putting my secondary market bids and try to clean up all of those.
Some of the ones that are more selective AND big you could probably get in the high-30s to 40s. I think I got DPW and STB interviews despite ranking them in the 40s, though I don't remember my bid list that well so don't quote me on that.