Fried Frank or Goodwin for M&A/PE
Posted: Fri Aug 21, 2015 7:02 pm
Offer from FF, callback at Goodwin next week.
Thanks.
Thanks.
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FF for real estate might be right for dirt law + land use, but Goodwin for REIT work, which does include a decent amount of M&A.Anonymous User wrote:The answer is empirically Goodwin.
FF --> Real Estate gods, both dirt + land use
Goodwin --> Private Equity, esp tech/life science deals and middle-market M&A
I would be hesitant to go to Goodwin over any other comparable firm given Goodwin's recent layoffs. If you are only looking to be around for another year or so, go get that fat signing bonus Goodwin is offering.Anonymous User wrote: ↑Tue Jun 01, 2021 1:28 pmBumping this old thread. Any thoughts between the 2 for PE M&A?
It has a lower hours requirement for a bonus, and I think it’s better for PE.
Does 1,950 v. 2,000 hours really matter for an NYC PE practice? I had assumed most NYC PE associates easily clear 2000 hours per year.
FF also has a generous non-billable bonus hours allotment (300 pro bono and 125 firm service (i.e. recruiting, filling out surveys, or writing articles)Anonymous User wrote: ↑Tue Jun 01, 2021 3:51 pmDoes 1,950 v. 2,000 hours really matter for an NYC PE practice? I had assumed most NYC PE associates easily clear 2000 hours per year.
They do (and always will) follow market. They don't want to be first in line for client reasons but they will always match once it is apparent that it is market (i.e. after Cravath, SullCrom, et. al match).Anonymous User wrote: ↑Tue Jun 01, 2021 6:07 pmIs FF historically pretty quick to follow market compensation (i.e., year end bonuses) and any corresponding increases to the salary/bonus scale?
Any sense of their remote policy going forward?
Goodwin doesn't have a cap on pro bono hours counting for billable credit, so not sure that's really an advantage either way (300 is sufficiently high as to be effectively uncapped unless you're doing a big case or something).Chrstgtr wrote: ↑Tue Jun 01, 2021 4:14 pmFF also has a generous non-billable bonus hours allotment (300 pro bono and 125 firm service (i.e. recruiting, filling out surveys, or writing articles)Anonymous User wrote: ↑Tue Jun 01, 2021 3:51 pmDoes 1,950 v. 2,000 hours really matter for an NYC PE practice? I had assumed most NYC PE associates easily clear 2000 hours per year.
Is midmarket PE work better than upmarket PE work?DiligentSage wrote: ↑Wed Jun 02, 2021 11:40 pmGoodwin doesn't have a cap on pro bono hours counting for billable credit, so not sure that's really an advantage either way (300 is sufficiently high as to be effectively uncapped unless you're doing a big case or something).Chrstgtr wrote: ↑Tue Jun 01, 2021 4:14 pmFF also has a generous non-billable bonus hours allotment (300 pro bono and 125 firm service (i.e. recruiting, filling out surveys, or writing articles)Anonymous User wrote: ↑Tue Jun 01, 2021 3:51 pmDoes 1,950 v. 2,000 hours really matter for an NYC PE practice? I had assumed most NYC PE associates easily clear 2000 hours per year.
Agree generally with the above that the distinction with 1950 vs. 2000 is effectively irrelevant for how much you'll be working in PE but also agree that Goodwin is better for midmarket PE work.
300 is definitely as good as unlimited for an M&A associate. Does Goodwin offer firm service office like the 125 FF does? Even if not, I'm not sure 1875 vs. 1950 would really make a difference but it is getting closer to mattering.DiligentSage wrote: ↑Wed Jun 02, 2021 11:40 pmGoodwin doesn't have a cap on pro bono hours counting for billable credit, so not sure that's really an advantage either way (300 is sufficiently high as to be effectively uncapped unless you're doing a big case or something).Chrstgtr wrote: ↑Tue Jun 01, 2021 4:14 pmFF also has a generous non-billable bonus hours allotment (300 pro bono and 125 firm service (i.e. recruiting, filling out surveys, or writing articles)Anonymous User wrote: ↑Tue Jun 01, 2021 3:51 pmDoes 1,950 v. 2,000 hours really matter for an NYC PE practice? I had assumed most NYC PE associates easily clear 2000 hours per year.
Agree generally with the above that the distinction with 1950 vs. 2000 is effectively irrelevant for how much you'll be working in PE but also agree that Goodwin is better for midmarket PE work.