What's going on at Skadden?

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RedGiant

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Re: What's going on at Skadden?

Post by RedGiant » Tue Aug 18, 2020 12:18 pm

[/quote]
I can't speak for the other mods, but I have yet to meet Harrison Barnes. Personally, I'm offended. I was expecting much more bribery and other lucrative forms of corruption.
[/quote]

So, I'm glad we can have a good, civil dialogue here. You may disagree with me, and that's more than fine--TLS has a long tradition of healthy debate about, well, anything.

I've never met Harrison Barnes and find the change in TLS to be a bit of a downer--Ken DeLeon was the bees knees as a person. It irks me that new TLS doesn't comply remotely with CCPA (cue the class action). No one is trying to stifle dissent in an official capacity (mostly because mods are barely even official in any way, anyway!) I have no connection to Skadden (other than my M&A prof being from there), although I've worked across them many times on deals.

I generally post on here to answer queries re Silicon Valley/Valley firms--that is why TLS asked me to be a mod. Occasionally I jump in to talk about expat life in London, as I worked at CSM NY and London too. I don't get paid to be a mod, and only even login every few weeks.

But I have worked at five biglaw firms, all transactional, some as staff, some as an atty, and I have been around the block. I was at Cravath during the dot-com bubble bursting, and at Latham during the mortgage crisis. IME, Latham really did experience very few consequences from actions in 2008-2009. Law students have short memories. There will always be an enormous oversupply of smart, hardworking, willing applicants to biglaw.

I stand by my advice encouraging young biglaw associates who have been deferred to later start dates (Skadden or not) to focus on what they can control, work to increase their knowledge during this unplanned "break" and be glad they have jobs lined up. I'm not part of a "support Skadden" conspiracy. I'm doubling down on my take that biglaw firms do not run their businesses based on what incoming associates think. It's a data point, but it's not dispositive. I do know that many of the recruiting staff monitor TLS and Fishbowl for threads like these.

-Speaking as a private citizen who is an OLD

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Re: What's going on at Skadden?

Post by Anonymous User » Tue Aug 18, 2020 12:39 pm

This is the way I see things: Skadden, like most other firms in the v10, promises stability. I was told on multiple occasions during OCI by those I interviewed with how Skadden treated it's associates so much better than other firms during 08-09. Most associates would absolutely not have chosen Skadden if they knew they would do this while their peers aren't. By choosing Skadden, incoming associates cost themselves at least $50,000 in lost income.

Also, Skadden didn't just fuck over associates by deferring. Deferring is one thing. The compensation for the deferrment is straight up embarrassing. $10,000 with no benefits. Hogan did $25k. Mayer Brown did $15k plus benefits. Pillsbury did $15k. FIRMS NOT EVEN IN THE V100 DID MORE!!! Just to match the $15k given by other firms would've cost Skadden about $750,000 for the entire class. Greed or financial distress, or both.

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Re: What's going on at Skadden?

Post by Anonymous User » Tue Aug 18, 2020 8:52 pm

cavalier1138 wrote:
Tue Aug 18, 2020 5:59 am
addie1412 wrote:
Tue Aug 18, 2020 2:20 am
This has yet to be determined. Let's check back in a year.
Regardless of whether you agree with the rest of RedGiant's post(s), they're almost certainly right that Skadden won't see a dip in the quality of their applicant pool. Latham certainly didn't, and they did far worse to their people.

The fact is that 2Ls don't do any real research on firms before OCI. They look at Vault rankings. They maybe talk to friends. Remember, a significant chunk of them have literally never held a full-time job, so there's no clear expectation of what they should expect/demand from an employer.
I agree with all of this. I also think the cavalier attitude suggests that Skadden is seeing a structural shift ahead - and that they'll probably need fewer and fewer associates. Sophisticated users of legal services have been moving away from using biglaw for routine things (NDAs, commercial contracts, licensing, etc) for a long time now; the InCloudCounsels of the world and smaller/regional firms have been eating that work for a while. The groups that still do those sorts of things are less profitable than the core transactional and litigation groups anyway, and their partners feel it (and so push on volume rather than premium billing).

I think there's been a shift towards hiring fewer summers/1st years at top NY big law for a while; Kirkland and Latham remain outliers, but they're also quicker to filter, historically, in all sorts of ways. Skadden may just be predicting a bigger market shift, in which they have less demand for new first years going forward. The salary pressure will still come from firms that want the best talent but aren't traditionally highly ranked (e.g., Milbank in 2018) - but the pressure coupled with lower client demand may mean that you're basically going to have to be at Wachtell/Cravath level to get into any of the V20, rather than just the V2, in years to come.

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Re: What's going on at Skadden?

Post by Anonymous User » Wed Aug 19, 2020 1:32 am

addie1412 wrote:
Tue Aug 18, 2020 12:09 pm
cavalier1138 wrote:
Tue Aug 18, 2020 5:59 am
addie1412 wrote:
Tue Aug 18, 2020 2:20 am
This has yet to be determined. Let's check back in a year.
Regardless of whether you agree with the rest of RedGiant's post(s), they're almost certainly right that Skadden won't see a dip in the quality of their applicant pool. Latham certainly didn't, and they did far worse to their people.

The fact is that 2Ls don't do any real research on firms before OCI. They look at Vault rankings. They maybe talk to friends. Remember, a significant chunk of them have literally never held a full-time job, so there's no clear expectation of what they should expect/demand from an employer.
I wasn’t in law school a decade ago so I’m going off of things I’ve heard/read, but it was my impression that Latham took a hit for at least a few years after the last recession. Again, I’m not saying that kind of thing lasts forever. Most current law students don’t know/remember. But I’ve definitely spoken to associates who specifically turned down LW because of ‘09. In fact, you get older posters in here all the time saying things like “wow, so Latham’s not a pariah anymore?” Which implies that they did, at one point, take a recruiting hit.

This is also a little different than the last recession in terms of the wide availability of information about firms’ actions. I had to do a lot of digging to research what specific firms did in ‘09. Resources like that Reddit thread I posted upthread make it a lot easier to directly compare firms on the basis of a few key criteria.

Also, I can’t speak for all law students, but at H/S students with their pick of seemingly identical high-ranked Vault firms definitely do at least some research to try to distinguish. And again, the amount of digging that would have to be done to discover that Skadden was among only two V10 firms to defer is extremely minimal. Speaking to friends even a year older would reveal this information, as would, again, a cursory reddit search.

As a fresh graduate of c/o 20, I didn't know about Latham during 09 when doing OCI, but learned about it shortly after when people started to compare offers. Latham still has a good reputation overall in my T14 law school, but many if not most people are aware of 09. It doesn't matter much when things are going well, but matters more than anything at times like this.

So I think Skadden, STB, cleary, orrick, S&C, etc., will take a hit.

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Re: What's going on at Skadden?

Post by Windjammer » Fri Sep 11, 2020 11:50 am

(Joker voice) "Well, who's laughing now?"

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Re: What's going on at Skadden?

Post by Anonymous User » Fri Sep 11, 2020 12:05 pm

A true v10 firm is not supposed to defer to 2021. Some people are even trying to justify it. Why would they defer if they are as financially strong as you think?

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Re: What's going on at Skadden?

Post by soft blue » Fri Sep 11, 2020 12:05 pm

Anonymous User wrote:
Tue Aug 18, 2020 8:52 pm
cavalier1138 wrote:
Tue Aug 18, 2020 5:59 am
addie1412 wrote:
Tue Aug 18, 2020 2:20 am
This has yet to be determined. Let's check back in a year.
Regardless of whether you agree with the rest of RedGiant's post(s), they're almost certainly right that Skadden won't see a dip in the quality of their applicant pool. Latham certainly didn't, and they did far worse to their people.

The fact is that 2Ls don't do any real research on firms before OCI. They look at Vault rankings. They maybe talk to friends. Remember, a significant chunk of them have literally never held a full-time job, so there's no clear expectation of what they should expect/demand from an employer.
I agree with all of this. I also think the cavalier attitude suggests that Skadden is seeing a structural shift ahead - and that they'll probably need fewer and fewer associates. Sophisticated users of legal services have been moving away from using biglaw for routine things (NDAs, commercial contracts, licensing, etc) for a long time now; the InCloudCounsels of the world and smaller/regional firms have been eating that work for a while. The groups that still do those sorts of things are less profitable than the core transactional and litigation groups anyway, and their partners feel it (and so push on volume rather than premium billing).

I think there's been a shift towards hiring fewer summers/1st years at top NY big law for a while; Kirkland and Latham remain outliers, but they're also quicker to filter, historically, in all sorts of ways. Skadden may just be predicting a bigger market shift, in which they have less demand for new first years going forward. The salary pressure will still come from firms that want the best talent but aren't traditionally highly ranked (e.g., Milbank in 2018) - but the pressure coupled with lower client demand may mean that you're basically going to have to be at Wachtell/Cravath level to get into any of the V20, rather than just the V2, in years to come.
Someone who thinks that WLRK and CSM have the same hiring standards is someone who's so uninformed that you should ignore them.

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Re: What's going on at Skadden?

Post by Anonymous User » Fri Sep 11, 2020 2:22 pm

Anonymous User wrote:
Fri Sep 11, 2020 12:05 pm
A true v10 firm is not supposed to defer to 2021. Some people are even trying to justify it. Why would they defer if they are as financially strong as you think?
Oh, I have no opinion on their financial strength one way or another. Rather, I was joking in response to this:
https://abovethelaw.com/2020/09/vault-1 ... rica-2021/

So, other than STB, the only V10 that defers its incoming associates... moves up in the ranks? That's rich.

Edit. accidental anon (Windjammer from above)

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Re: What's going on at Skadden?

Post by Scallion » Fri Sep 11, 2020 2:36 pm

Anonymous User wrote:
Fri Sep 11, 2020 2:22 pm
Anonymous User wrote:
Fri Sep 11, 2020 12:05 pm
A true v10 firm is not supposed to defer to 2021. Some people are even trying to justify it. Why would they defer if they are as financially strong as you think?
Oh, I have no opinion on their financial strength one way or another. Rather, I was joking in response to this:
https://abovethelaw.com/2020/09/vault-1 ... rica-2021/

So, other than STB, the only V10 that defers its incoming associates... moves up in the ranks? That's rich.

Edit. accidental anon (Windjammer from above)
That's because of the lag in vault rankings. Associates had already done evals for this year's rankings before covid hit.

Edit: More precisely, before covid was treated as catastrophic in the US in March 2020. It had already hit during the fall of 2019.

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Re: What's going on at Skadden?

Post by Anonymous User » Fri Sep 11, 2020 2:38 pm

soft blue wrote:
Fri Sep 11, 2020 12:05 pm

Someone who thinks that WLRK and CSM have the same hiring standards is someone who's so uninformed that you should ignore them.
Yep. Cravath is a generic V10 these days and has been for a long while. I was offered at Cravath. Wachtell wouldn't even give me a screener. Cravath's average CB GPA is around every other V10 in its HQ market.Wachtell's is not.

Cravath: 3.75

Skadden: 3.80
S&C: 3.83
Latham (LA): 3.75
Kirkland (Chi): 3.76
DPW: 3.72
STB: 3.71
GDC: No data
PW: 3.73

Wachtell? 3.96.

They're not in the same league.

Anon, because I talked about my Cravath offer and have disclosed data that make it apparent what class year I graduated in.

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Re: What's going on at Skadden?

Post by Anonymous User » Fri Sep 11, 2020 3:08 pm

Scallion wrote:
Fri Sep 11, 2020 2:36 pm
That's because of the lag in vault rankings. Associates had already done evals for this year's rankings before covid hit.
Thanks for clarifying, helpful!
Anonymous User wrote:
Fri Sep 11, 2020 2:38 pm
Cravath: 3.75 [...]
Wachtell? 3.96.
0.21 is drastic and not even the whole picture. What's more salient to me is pedigree selectivity.
CMR regularlry offers to folks outside T50 (e.g. Tulane). Meanwhile, applicants at UVA or Berkeley would have a hard time landing Wachtell even with 3.96 because the firm leans so heavily on the T5. I think in the firm's entire history, their sole hire from UT was William T. Allen... and that was after he'd been chancellor of the Court of Chancery of the State of Delaware. So yeah, it's not even close.

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Re: What's going on at Skadden?

Post by Scallion » Fri Sep 11, 2020 4:34 pm

Anonymous User wrote:
Fri Sep 11, 2020 2:38 pm
Cravath: 3.75

Skadden: 3.80
S&C: 3.83
Latham (LA): 3.75
Kirkland (Chi): 3.76
DPW: 3.72
STB: 3.71
GDC: No data
PW: 3.73

Wachtell? 3.96.

They're not in the same league.

Anon, because I talked about my Cravath offer and have disclosed data that make it apparent what class year I graduated in.
Can you explain where you're getting these GPA numbers from? If it's your school, can you give a general range of your school's rank? They seem ultra high, and I know lawyers who got into these firms with grades closer to 3.0.

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Re: What's going on at Skadden?

Post by the lsat failure » Fri Sep 11, 2020 5:49 pm

Windjammer wrote:
Mon Aug 17, 2020 6:55 pm
RedGiant wrote:
Mon Aug 17, 2020 3:03 am
If anything, I'd be worrying less about how you are treated, and more about how you are going to shine when you get there, because there's a very real chance your class will be a "lost year" in that the kids who start in the Fall after you may leapfrog you. Your class may get less experience and be less "favored" than those who start at a regular cadence and onboard in a non-remote fashion. (Source: worked at Latham in '07-'09...this actually happened.)
Chin up, and definitely quit whi[n]ing. Because your sense of entitlement is palpable and it's not going to go over well when you finally start work.
This is Nathan'd
He got Latham'd
He ain't Saddened
You got Skaddened
Simply beautiful. :lol:

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Re: What's going on at Skadden?

Post by Yea All Right » Fri Sep 11, 2020 7:41 pm

How did Skadden go up in the rankings after that cheese plate story from bonus season a couple years ago?

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Re: What's going on at Skadden?

Post by Anonymous User » Fri Sep 11, 2020 8:47 pm

Scallion wrote:
Fri Sep 11, 2020 4:34 pm
Anonymous User wrote:
Fri Sep 11, 2020 2:38 pm
Cravath: 3.75

Skadden: 3.80
S&C: 3.83
Latham (LA): 3.75
Kirkland (Chi): 3.76
DPW: 3.72
STB: 3.71
GDC: No data
PW: 3.73

Wachtell? 3.96.

They're not in the same league.

Anon, because I talked about my Cravath offer and have disclosed data that make it apparent what class year I graduated in.
Can you explain where you're getting these GPA numbers from? If it's your school, can you give a general range of your school's rank? They seem ultra high, and I know lawyers who got into these firms with grades closer to 3.0.
The numbers don't make sense, unless you are from TTT

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Re: What's going on at Skadden?

Post by Anonymous User » Sat Sep 12, 2020 8:22 am

Yea All Right wrote:
Fri Sep 11, 2020 7:41 pm
How did Skadden go up in the rankings after that cheese plate story from bonus season a couple years ago?
What story would that be?

Edit* sorry, accidental anon.

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Re: What's going on at Skadden?

Post by ksm6969 » Sat Sep 12, 2020 9:35 am

Anonymous User wrote:
Sat Sep 12, 2020 8:22 am
Yea All Right wrote:
Fri Sep 11, 2020 7:41 pm
How did Skadden go up in the rankings after that cheese plate story from bonus season a couple years ago?
What story would that be?
A few years ago at a firm reception, Skadden made a surprise announcement that bonus-eligible hours threshold was going up by 200 hours, and then right after had a reception with one platter of cheese for the whole NY office.

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Re: What's going on at Skadden?

Post by Anonymous User » Sun Sep 13, 2020 9:40 pm

Does anyone know what Skadden is doing with regard to 19-20 clerks? I was told by a friend that some were not welcomed back.

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Re: What's going on at Skadden?

Post by Ultramar vistas » Mon Sep 14, 2020 12:21 am

ksm6969 wrote:
Sat Sep 12, 2020 9:35 am
Anonymous User wrote:
Sat Sep 12, 2020 8:22 am
Yea All Right wrote:
Fri Sep 11, 2020 7:41 pm
How did Skadden go up in the rankings after that cheese plate story from bonus season a couple years ago?
What story would that be?
A few years ago at a firm reception, Skadden made a surprise announcement that bonus-eligible hours threshold was going up by 200 hours, and then right after had a reception with one platter of cheese for the whole NY office.
Amazing. I’m told that they take such a large class and then spread the work out that about half of the Skadden NYC first years aren’t even bonus eligible. I don’t understand how a firm that’s not cravath scale for that many junior associates can be ranked #2 but life is full of mysteries.

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Re: What's going on at Skadden?

Post by Anonymous User » Mon Sep 14, 2020 1:05 am

ksm6969 wrote:
Sat Sep 12, 2020 9:35 am
Anonymous User wrote:
Sat Sep 12, 2020 8:22 am
Yea All Right wrote:
Fri Sep 11, 2020 7:41 pm
How did Skadden go up in the rankings after that cheese plate story from bonus season a couple years ago?
What story would that be?
A few years ago at a firm reception, Skadden made a surprise announcement that bonus-eligible hours threshold was going up by 200 hours, and then right after had a reception with one platter of cheese for the whole NY office.
It must have been some expensive cheese

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Re: What's going on at Skadden?

Post by Anonymous User » Mon Sep 14, 2020 9:31 am

Ultramar vistas wrote:
Mon Sep 14, 2020 12:21 am
ksm6969 wrote:
Sat Sep 12, 2020 9:35 am
Anonymous User wrote:
Sat Sep 12, 2020 8:22 am
Yea All Right wrote:
Fri Sep 11, 2020 7:41 pm
How did Skadden go up in the rankings after that cheese plate story from bonus season a couple years ago?
What story would that be?
A few years ago at a firm reception, Skadden made a surprise announcement that bonus-eligible hours threshold was going up by 200 hours, and then right after had a reception with one platter of cheese for the whole NY office.
Amazing. I’m told that they take such a large class and then spread the work out that about half of the Skadden NYC first years aren’t even bonus eligible. I don’t understand how a firm that’s not cravath scale for that many junior associates can be ranked #2 but life is full of mysteries.
Skadden associate who got no bonus'd first year here. Still salty. Was not the only one. Mentioned it to a partner I'm close with once and said it's off-market relative to peer firms, and then he went on rattling off a bunch of like 20-30 ranked firms as proof that it's not off-market. "Plus, if you don't hit the minimum, you're not really working so it's like you're getting a huge salary to sit back. Actually a great deal for juniors if you think about it." Like..sure man, but if my friend who billed 1400 her first year at Ropes got 15k at year-end, and I billed 1630 and got 0k at year-end, and I have no control over my staffing as a first year, then...Skadden is a terrible place to be a junior (but it's a bit better to be a midlevel, given their profile and constant access to work once you're senior enough to actually exploit that)

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Re: What's going on at Skadden?

Post by Monochromatic Oeuvre » Mon Sep 14, 2020 8:24 pm

Anonymous User wrote:
Mon Sep 14, 2020 9:31 am
Skadden associate who got no bonus'd first year here. Still salty. Was not the only one. Mentioned it to a partner I'm close with once and said it's off-market relative to peer firms, and then he went on rattling off a bunch of like 20-30 ranked firms as proof that it's not off-market. "Plus, if you don't hit the minimum, you're not really working so it's like you're getting a huge salary to sit back. Actually a great deal for juniors if you think about it." Like..sure man, but if my friend who billed 1400 her first year at Ropes got 15k at year-end, and I billed 1630 and got 0k at year-end, and I have no control over my staffing as a first year, then...Skadden is a terrible place to be a junior (but it's a bit better to be a midlevel, given their profile and constant access to work once you're senior enough to actually exploit that)
"Constant access to work" is not the gift you think it is.

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Re: What's going on at Skadden?

Post by Anonymous User » Mon Sep 14, 2020 11:48 pm

Anonymous User wrote:
Fri Sep 11, 2020 8:47 pm
Scallion wrote:
Fri Sep 11, 2020 4:34 pm
Anonymous User wrote:
Fri Sep 11, 2020 2:38 pm
Cravath: 3.75

Skadden: 3.80
S&C: 3.83
Latham (LA): 3.75
Kirkland (Chi): 3.76
DPW: 3.72
STB: 3.71
GDC: No data
PW: 3.73

Wachtell? 3.96.

They're not in the same league.

Anon, because I talked about my Cravath offer and have disclosed data that make it apparent what class year I graduated in.
Can you explain where you're getting these GPA numbers from? If it's your school, can you give a general range of your school's rank? They seem ultra high, and I know lawyers who got into these firms with grades closer to 3.0.
The numbers don't make sense, unless you are from TTT
I'm OP of the CB GPA numbers, and they are from my alma mater T13. They are a few years old (but only a few). The 25th and Minimum callback GPA numbers can and do drop significantly. Six of the V10 have minimum numbers around 3.0 in their home markets, including Cravath. No data for GDC. PW data has a 3.4 minimum in NY, but I don't have data on other officers. S&C and Skadden had CB GPAs around 3.0 in many markets but around 3.5 in NY. Wachtell's minimum? 3.88.

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Re: What's going on at Skadden?

Post by Anonymous User » Tue Sep 15, 2020 8:33 am

Anonymous User wrote:
Mon Sep 14, 2020 9:31 am
Ultramar vistas wrote:
Mon Sep 14, 2020 12:21 am
ksm6969 wrote:
Sat Sep 12, 2020 9:35 am
Anonymous User wrote:
Sat Sep 12, 2020 8:22 am
Yea All Right wrote:
Fri Sep 11, 2020 7:41 pm
How did Skadden go up in the rankings after that cheese plate story from bonus season a couple years ago?
What story would that be?
A few years ago at a firm reception, Skadden made a surprise announcement that bonus-eligible hours threshold was going up by 200 hours, and then right after had a reception with one platter of cheese for the whole NY office.
Amazing. I’m told that they take such a large class and then spread the work out that about half of the Skadden NYC first years aren’t even bonus eligible. I don’t understand how a firm that’s not cravath scale for that many junior associates can be ranked #2 but life is full of mysteries.
Skadden associate who got no bonus'd first year here. Still salty. Was not the only one. Mentioned it to a partner I'm close with once and said it's off-market relative to peer firms, and then he went on rattling off a bunch of like 20-30 ranked firms as proof that it's not off-market. "Plus, if you don't hit the minimum, you're not really working so it's like you're getting a huge salary to sit back. Actually a great deal for juniors if you think about it." Like..sure man, but if my friend who billed 1400 her first year at Ropes got 15k at year-end, and I billed 1630 and got 0k at year-end, and I have no control over my staffing as a first year, then...Skadden is a terrible place to be a junior (but it's a bit better to be a midlevel, given their profile and constant access to work once you're senior enough to actually exploit that)
Skadden midlevel here. My impression has always been that since pro bono is counted equal to paid work for bonus purposes you have to try pretty hard--or at least be indifferent--to not get a bonus. Even if your group is not busy, there is always an abundance of pro bono opportunities to make up any hours deficit, so I really don't understand folks like the above poster who complain about not hitting their hours and not getting a bonus.

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Re: What's going on at Skadden?

Post by Anonymous User » Tue Sep 15, 2020 10:12 am

Anonymous User wrote:
Tue Sep 15, 2020 8:33 am
Anonymous User wrote:
Mon Sep 14, 2020 9:31 am
Ultramar vistas wrote:
Mon Sep 14, 2020 12:21 am
ksm6969 wrote:
Sat Sep 12, 2020 9:35 am
Anonymous User wrote:
Sat Sep 12, 2020 8:22 am
Yea All Right wrote:
Fri Sep 11, 2020 7:41 pm
How did Skadden go up in the rankings after that cheese plate story from bonus season a couple years ago?
What story would that be?
A few years ago at a firm reception, Skadden made a surprise announcement that bonus-eligible hours threshold was going up by 200 hours, and then right after had a reception with one platter of cheese for the whole NY office.
Amazing. I’m told that they take such a large class and then spread the work out that about half of the Skadden NYC first years aren’t even bonus eligible. I don’t understand how a firm that’s not cravath scale for that many junior associates can be ranked #2 but life is full of mysteries.
Skadden associate who got no bonus'd first year here. Still salty. Was not the only one. Mentioned it to a partner I'm close with once and said it's off-market relative to peer firms, and then he went on rattling off a bunch of like 20-30 ranked firms as proof that it's not off-market. "Plus, if you don't hit the minimum, you're not really working so it's like you're getting a huge salary to sit back. Actually a great deal for juniors if you think about it." Like..sure man, but if my friend who billed 1400 her first year at Ropes got 15k at year-end, and I billed 1630 and got 0k at year-end, and I have no control over my staffing as a first year, then...Skadden is a terrible place to be a junior (but it's a bit better to be a midlevel, given their profile and constant access to work once you're senior enough to actually exploit that)
Skadden midlevel here. My impression has always been that since pro bono is counted equal to paid work for bonus purposes you have to try pretty hard--or at least be indifferent--to not get a bonus. Even if your group is not busy, there is always an abundance of pro bono opportunities to make up any hours deficit, so I really don't understand folks like the above poster who complain about not hitting their hours and not getting a bonus.

No bonus'd first-year Skadden anon here. I get the above (which is why I'm salty but not ragequitty about it), but it doesn't change the fact that (a) plenty of Skadden's peers don't have an hours threshold to begin with and (b) in my case, I billed over 200 to pro bono in my first year (and maxed the 100 hour knowledge management bucket) and was actually told by a staffing partner to take less pro bono because "real work would come in and slam you if you overload on pro bono" --- only for real work to never materialize.

Once real work did start materializing in my second year onward, I've billed 2000+ per year since. And at this point if I missed a bonus threshold, I'd feel like it was my own fault (since I'm senior enough to anticipate deal flows and ride the correct waves, etc.). Still feels ridiculous to punish first years for workflow.

Worth noting that if we were at any number of comparable firms, we wouldn't find ourselves having this conversation. If I were a 2L picking a firm at OCI, I'd disqualify Skadden on this basis personally.

Seriously? What are you waiting for?

Now there's a charge.
Just kidding ... it's still FREE!


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