Accept offer at firm after summer Forum

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owlpride1

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Accept offer at firm after summer

Post by owlpride1 » Wed Jun 29, 2016 7:36 pm

I am currently a summer associate at a medium size law firm. I don't really like the law firm. I recently found out that they have high billable 2200 and poor pay $65k a year. Should I accept the offer if given or forgo it and find another job? I also don't know if I'll be in the same state 5 years from now.

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rpupkin

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Re: Accept offer at firm after summer

Post by rpupkin » Wed Jun 29, 2016 7:45 pm

owlpride1 wrote:I am currently a summer associate at a medium size law firm. I don't really like the law firm. I recently found out that they have high billable 2200 and poor pay $65k a year. Should I accept the offer if given or forgo it and find another job? I also don't know if I'll be in the same state 5 years from now.
Accept offer and then look for another job. As awful as the pay and hours sound, it beats unemployment. You definitely want that position there as a fallback in case you strike out.

Bluem_11

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Re: Accept offer at firm after summer

Post by Bluem_11 » Wed Jun 29, 2016 8:38 pm

Not disputing those facts but that seems incredibly out of wack rates. That's a $100/hr billing rate with billing attorney taking home 30%.

kryptix

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Re: Accept offer at firm after summer

Post by kryptix » Thu Jun 30, 2016 12:10 am

Bluem_11 wrote:Not disputing those facts but that seems incredibly out of wack rates. That's a $100/hr billing rate with billing attorney taking home 30%.
Most NYC junior associates bill at over 400 and don't take home 30% of 800k-1M?

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reasonable_man

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Re: Accept offer at firm after summer

Post by reasonable_man » Thu Jun 30, 2016 12:14 am

You're not at a mid law firm. You're at an insurance defense firm. There is a big difference.

I'm guessing you're at an average to below average law school with middling grades. You probably don't have any better options available. So don't throw the opportunity away.

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yay

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Re: Accept offer at firm after summer

Post by yay » Thu Jun 30, 2016 2:36 am

I know people have resorted to worse with 15 bucks an hour.

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deadpanic

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Re: Accept offer at firm after summer

Post by deadpanic » Thu Jun 30, 2016 10:08 am

That is absolutely wild re: hours & pay, but like reasonable_man said, that is an insurance defense sweatshop. You have to bill so many hours b/c the insurance companies audit and slash the hell out of them and now pay terrible rates.

You will learn pretty good litigation skills and it is not unemployment. I agree with whomever said take it and start looking elsewhere.

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PennBull

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Re: Accept offer at firm after summer

Post by PennBull » Thu Jun 30, 2016 10:15 am

rpupkin wrote: Accept offer and then look for another job. As awful as the pay and hours sound, it beats unemployment.

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reasonable_man

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Re: Accept offer at firm after summer

Post by reasonable_man » Thu Jun 30, 2016 3:13 pm

deadpanic wrote:That is absolutely wild re: hours & pay, but like reasonable_man said, that is an insurance defense sweatshop. You have to bill so many hours b/c the insurance companies audit and slash the hell out of them and now pay terrible rates.

You will learn pretty good litigation skills and it is not unemployment. I agree with whomever said take it and start looking elsewhere.
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tyroneslothrop1

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Re: Accept offer at firm after summer

Post by tyroneslothrop1 » Thu Jun 30, 2016 3:33 pm

Pretty bad even for insurance defense. I work at a firm that does a lot of insurance work ($200 billable hour) and the pay is 85 for 1950 in a non major city.

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reasonable_man

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Re: Accept offer at firm after summer

Post by reasonable_man » Thu Jun 30, 2016 3:45 pm

tyroneslothrop1 wrote:Pretty bad even for insurance defense. I work at a firm that does a lot of insurance work ($200 billable hour) and the pay is 85 for 1950 in a non major city.

Sounds like you're at a firm more like mine.... A midlaw firm that has some insurance based clients, but lots of other non-insurance/institutional clients. In my opinion, that is fairly different than being at a true insurance defense firm (where 65k for 2200 hours isn't that unusual). There is a pretty big difference. And while I do have some insurance work where the rates are lower, I have plenty of non-insurance work that pays a real rate (allowing my firm to pay me like a real lawyer).

Magic Hat

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Re: Accept offer at firm after summer

Post by Magic Hat » Fri Jul 01, 2016 4:05 am

Take the job and learn how to litigate.

Also learn very quickly how to pad.

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