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Chances of making partner V50 V100 Midlaw ...
Posted: Sat Oct 18, 2014 9:56 am
by Anonymous User
Hey guys,
What are the odds of making partner at a V50, V100 or regional biglaw? ie what percentage of people who join the firm will make partner eventually?
At my NLJ250 firm it is roughly 1-7 that make partner.
Re: Chances of making partner V50 V100 Midlaw ...
Posted: Sat Oct 18, 2014 10:21 am
by FSK
Its not probability. Its a function of how much business you can build. Firms that support you more in that will obviously have a better shot.
Re: Chances of making partner V50 V100 Midlaw ...
Posted: Sat Oct 18, 2014 11:35 am
by Frayed Knot
Just FYI: I don't think the firms you're talking about are what most people on here mean by midlaw. Just as an example, the current V100 firm is Patterson Belknap—a market-paying NYC firm with 200+ attorneys and many more associates than partners. I'd put them firmly in the BigLaw camp.
When people say "midlaw," I tend to think of lower AmLaw 200 firms (or below) that don't pay NY market and have leverage closer to 1:1 (or even have significantly more partners than associates). At those firms, making partner is pretty likely but also has a bit different meaning than at a BigLaw firm.
Re: Chances of making partner V50 V100 Midlaw ...
Posted: Sat Oct 18, 2014 11:37 am
by patogordo
0.545774225%
Re: Chances of making partner V50 V100 Midlaw ...
Posted: Sat Oct 18, 2014 12:15 pm
by Johann
prolly about 50-60% of these people make partner. most of these interviews are conducted with partnership rpospects in mind from the start.
Re: Chances of making partner V50 V100 Midlaw ...
Posted: Sat Oct 18, 2014 2:52 pm
by Old Gregg
I've done a pretty scientific analysis on this, so here we go:
V1: 0.0002223987%
V3: 0.0010092928%
V5: 0.0029387638%
V10: 0.002948573%
V12: 0.003000001%
V15: 0.003234523%
V20: 0.003332345%
V25: 0.003634345%
V30: 0.005238376%
V40: 0.005343234%
V50: 0.006239346%
V75: 0.007123132%
V100: 0.009231231%
Midlaw: 20%
Re: Chances of making partner V50 V100 Midlaw ...
Posted: Sat Oct 18, 2014 7:19 pm
by patogordo
zweitbester wrote:I've done a pretty scientific analysis on this, so here we go:
V1: 0.0002223987%
V3: 0.0010092928%
V5: 0.0029387638%
V10: 0.002948573%
V12: 0.003000001%
V15: 0.003234523%
V20: 0.003332345%
V25: 0.003634345%
V30: 0.005238376%
V40: 0.005343234%
V50: 0.006239346%
V75: 0.007123132%
V100: 0.009231231%
Midlaw: 20%
^ dumbest post ever, those stats are only accurate to 4 sig figs
Re: Chances of making partner V50 V100 Midlaw ...
Posted: Sat Oct 18, 2014 8:03 pm
by Old Gregg
Fucking moron. You have to change standard deviations when you go up a vault tier.
Re: Chances of making partner V50 V100 Midlaw ...
Posted: Sat Oct 18, 2014 8:14 pm
by minnbills
Pretty sure "midlaw" is well outside of anything vault touches.
Re: Chances of making partner V50 V100 Midlaw ...
Posted: Sat Oct 18, 2014 9:25 pm
by AReasonableMan
If you get a lot of major clients of your own then it's close to 100 percent. If you get none then it's close to 0 percent.
Re: Chances of making partner V50 V100 Midlaw ...
Posted: Sat Oct 18, 2014 9:26 pm
by patogordo
AReasonableMan wrote:If you get a lot of major clients of your own then it's close to 100 percent. If you get none then it's close to 0 percent.
yea and the weighted average is about 0.003%
Re: Chances of making partner V50 V100 Midlaw ...
Posted: Sun Oct 19, 2014 2:16 am
by Anonymous User
patogordo wrote:AReasonableMan wrote:If you get a lot of major clients of your own then it's close to 100 percent. If you get none then it's close to 0 percent.
yea and the weighted average is about 0.003%
It's much higher than that, but the overall implication is the same: going to any firm expecting to make partner is like going to any TTTT expecting to get big law/clerkship. The difference is that you don't have to attain the crazy goal to have a good career.