DF Thread Forum

(On Campus Interviews, Summer Associate positions, Firm Reviews, Tips, ...)
Forum rules
Anonymous Posting

Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.

Failure to follow these rules will get you outed, warned, or banned.
User avatar
Desert Fox

Diamond
Posts: 18283
Joined: Thu Sep 04, 2014 4:34 pm

DFTHREAD

Post by Desert Fox » Mon Oct 05, 2015 8:11 pm

Image
Last edited by Desert Fox on Sat Jan 27, 2018 3:47 am, edited 2 times in total.

wolfie_m.

New
Posts: 98
Joined: Sun Dec 28, 2014 5:39 pm

Re: Why There are No Lifestyle Firms

Post by wolfie_m. » Mon Oct 05, 2015 8:41 pm

.
Last edited by wolfie_m. on Thu Mar 10, 2016 4:33 pm, edited 1 time in total.

User avatar
Desert Fox

Diamond
Posts: 18283
Joined: Thu Sep 04, 2014 4:34 pm

DFTHREAD

Post by Desert Fox » Mon Oct 05, 2015 8:48 pm

Image
Last edited by Desert Fox on Sat Jan 27, 2018 3:47 am, edited 2 times in total.

Hutz_and_Goodman

Gold
Posts: 1651
Joined: Mon Apr 30, 2012 10:42 am

Re: Why There are No Lifestyle Firms

Post by Hutz_and_Goodman » Mon Oct 05, 2015 9:39 pm

This is retarded. He makes it sound like a firm that is "lifestyle" will go out of business due to malpractice.

Abbie Doobie

Silver
Posts: 591
Joined: Wed Apr 09, 2014 12:02 pm

Re: Why There are No Lifestyle Firms

Post by Abbie Doobie » Mon Oct 05, 2015 11:02 pm

fuck that - the reason there are no lifestyle firms is because Partner needs that 2016 Tesla Model S P90D and it isn't going to pay for itself

Want to continue reading?

Register now to search topics and post comments!

Absolutely FREE!


User avatar
rpupkin

Platinum
Posts: 5653
Joined: Mon Dec 09, 2013 10:32 pm

Re: Why There are No Lifestyle Firms

Post by rpupkin » Mon Oct 05, 2015 11:06 pm

Hutz_and_Goodman wrote:This is retarded. He makes it sound like a firm that is "lifestyle" will go out of business due to malpractice.
I agree that part of his piece was dumb. But his other point--that purported "lifestyle" firms do not stay that way due to market pressures--is depressingly accurate.

User avatar
los blancos

Platinum
Posts: 8397
Joined: Mon Apr 21, 2008 4:18 pm

Re: Why There are No Lifestyle Firms

Post by los blancos » Tue Oct 06, 2015 9:12 am

smaug wrote: I've thought about this, but I also wonder if some aspects of it are just endemic to the law firm model. There are always going to be shittier tasks and better tasks, and there's going to be more shitty boring legwork to be done than enjoyable "lawyerly" work

it's why firms need more associates than partners generally, and, unless a firm were to discount partners' hourly rates (or do everything flat fee/contingency) there's going to be economic reasons to have associates do some of the work
Yes generally, but infinitely moreso because of the billable hour's terrible incentives.

FSK

Platinum
Posts: 8058
Joined: Tue Oct 15, 2013 2:47 pm

Re: Why There are No Lifestyle Firms

Post by FSK » Tue Oct 06, 2015 9:16 am

In line adds make my eyes bleed.
Last edited by FSK on Sat Jan 27, 2018 4:48 pm, edited 1 time in total.

dixiecupdrinking

Gold
Posts: 3436
Joined: Sun Oct 26, 2008 2:39 pm

Re: Why There are No Lifestyle Firms

Post by dixiecupdrinking » Tue Oct 06, 2015 10:22 am

los blancos wrote:
smaug wrote: I've thought about this, but I also wonder if some aspects of it are just endemic to the law firm model. There are always going to be shittier tasks and better tasks, and there's going to be more shitty boring legwork to be done than enjoyable "lawyerly" work

it's why firms need more associates than partners generally, and, unless a firm were to discount partners' hourly rates (or do everything flat fee/contingency) there's going to be economic reasons to have associates do some of the work
Yes generally, but infinitely moreso because of the billable hour's terrible incentives.
Exactly. For instance, government lawyers have a better lifestyle but still (at least some of them) do excellent work. Why can't private firms do the same? Some of it is client demands and the simple fact that doing good work takes time and effort, but plenty of it is inefficient big law bullshit -- which happens to help line partners pockets.

Want to continue reading?

Register for access!

Did I mention it was FREE ?


Anonymous User
Posts: 432565
Joined: Tue Aug 11, 2009 9:32 am

Re: Why There are No Lifestyle Firms

Post by Anonymous User » Tue Oct 06, 2015 10:36 am

Idk... This just seems like one guy's completely unsubstantiated opinion. I worked in Shitlaw for a year or so, firm has been going strong for a couple decades now. The attorneys worked hard but it DEFINITELY wasn't the stressful BigLaw life. Partners worked probably 30 hours on average, associates probably about 50 average, never more than 60. Associates were always able to take long vacations twice per year, days off when wanted.

Secondary market. Associate pay was something like $40k + 25% of your revenue. Not a bad paycheck in a metro area of 1 million or so people. Well above average for sure.'

Seems relatively lifestyle to me

User avatar
smaug

Diamond
Posts: 13972
Joined: Thu Feb 19, 2015 8:31 pm

Re: Why There are No Lifestyle Firms

Post by smaug » Tue Oct 06, 2015 10:48 am

los blancos wrote:
smaug wrote: I've thought about this, but I also wonder if some aspects of it are just endemic to the law firm model. There are always going to be shittier tasks and better tasks, and there's going to be more shitty boring legwork to be done than enjoyable "lawyerly" work

it's why firms need more associates than partners generally, and, unless a firm were to discount partners' hourly rates (or do everything flat fee/contingency) there's going to be economic reasons to have associates do some of the work
Yes generally, but infinitely moreso because of the billable hour's terrible incentives.
But again, unless you do everything flat fee or by contingency there's no way around that. Flat fee seems difficult for a small firm, and contingency brings out eat what you kill incentives.

Turns out that being in a service industry has its drawbacks.

User avatar
A. Nony Mouse

Diamond
Posts: 29293
Joined: Tue Sep 25, 2012 11:51 am

Re: Why There are No Lifestyle Firms

Post by A. Nony Mouse » Tue Oct 06, 2015 10:56 am

dixiecupdrinking wrote:
los blancos wrote:
smaug wrote: I've thought about this, but I also wonder if some aspects of it are just endemic to the law firm model. There are always going to be shittier tasks and better tasks, and there's going to be more shitty boring legwork to be done than enjoyable "lawyerly" work

it's why firms need more associates than partners generally, and, unless a firm were to discount partners' hourly rates (or do everything flat fee/contingency) there's going to be economic reasons to have associates do some of the work
Yes generally, but infinitely moreso because of the billable hour's terrible incentives.
Exactly. For instance, government lawyers have a better lifestyle but still (at least some of them) do excellent work. Why can't private firms do the same? Some of it is client demands and the simple fact that doing good work takes time and effort, but plenty of it is inefficient big law bullshit -- which happens to help line partners pockets.
I love working for the government and I think my colleagues do excellent work (and we work longer hours than some government employees), but it's probably a good thing we're a non-profit entity. I can't imagine we'd be remotely profitable in any way.

User avatar
los blancos

Platinum
Posts: 8397
Joined: Mon Apr 21, 2008 4:18 pm

Re: Why There are No Lifestyle Firms

Post by los blancos » Tue Oct 06, 2015 11:03 am

smaug wrote:
los blancos wrote:
smaug wrote: I've thought about this, but I also wonder if some aspects of it are just endemic to the law firm model. There are always going to be shittier tasks and better tasks, and there's going to be more shitty boring legwork to be done than enjoyable "lawyerly" work

it's why firms need more associates than partners generally, and, unless a firm were to discount partners' hourly rates (or do everything flat fee/contingency) there's going to be economic reasons to have associates do some of the work
Yes generally, but infinitely moreso because of the billable hour's terrible incentives.
But again, unless you do everything flat fee or by contingency there's no way around that. Flat fee seems difficult for a small firm, and contingency brings out eat what you kill incentives.

Turns out that being in a service industry has its drawbacks.
Sometimes there isn't a way around the inefficiency. Other times, there is - simple question of a partner asking her/himself: would we be managing this matter the same way if we weren't getting paid by the hour?

Just because shitty incentives exist w/ the billable hour doesn't mean firms actually have to give in to them and/or go out of their way to line partners' pockets at every turn.

Register now!

Resources to assist law school applicants, students & graduates.

It's still FREE!


User avatar
smaug

Diamond
Posts: 13972
Joined: Thu Feb 19, 2015 8:31 pm

Re: Why There are No Lifestyle Firms

Post by smaug » Tue Oct 06, 2015 11:44 am

I agree, but I'm saying you're missing the cost concerned client side. Yes you could staff things reasonably and not turn over ever stone looking for the smallest thing that could help your case. I'm not saying that's the root problem, though.

I'm saying that some of that work will need to be done by associates, partially because partners are expensive. They could charge less, but that's something that you'd have to think about. You don't really want partners doing the shit work. Given the billable hour model and the assumption that partners want to have a productive day themselves, you're going to need associates churning through things.

Maybe the "solution" is just hiring more people so nobody is swamped, but even then I don't know that you'd really solve the problems of an adversarial system coupled with demanding clients.

Put succinctly: even if you're doing your best to eliminate unnecessary discovery and you outsource it or whatever, you still can't get rid of the hierarchical nature of legal work. A partner only law firm is about the only way you could preserve a lifestyle firm, and that can't exist due to client expectations.

User avatar
jrf12886

Bronze
Posts: 283
Joined: Sun Jul 01, 2012 11:52 am

Re: Why There are No Lifestyle Firms

Post by jrf12886 » Tue Oct 06, 2015 3:06 pm

As a recruiter, this is a pretty shitty way to get associates excited to lateral. "Even the less shitty job I'll place you in is going to suck"

User avatar
Dafaq

Bronze
Posts: 354
Joined: Sat Feb 15, 2014 6:19 pm

Re: Why There are No Lifestyle Firms

Post by Dafaq » Tue Oct 06, 2015 3:43 pm

jrf12886 wrote:As a recruiter, this is a pretty shitty way to get associates excited to lateral. "Even the less shitty job I'll place you in is going to suck"

As a recruiter, how are things going in getting firms to accept laterals these days? Isn't the market already flooded with recently displaced attorneys?

User avatar
DELG

Gold
Posts: 3021
Joined: Thu May 15, 2014 7:15 pm

Re: Why There are No Lifestyle Firms

Post by DELG » Tue Oct 06, 2015 7:20 pm

rpupkin wrote:
Hutz_and_Goodman wrote:This is retarded. He makes it sound like a firm that is "lifestyle" will go out of business due to malpractice.
I agree that part of his piece was dumb. But his other point--that purported "lifestyle" firms do not stay that way due to market pressures--is depressingly accurate.
Yeah. When you're talking about firms that do the same kind of work as biglaw, I think it's pretty spot on.

Get unlimited access to all forums and topics

Register now!

I'm pretty sure I told you it's FREE...


Post Reply Post Anonymous Reply  

Return to “Legal Employment”