Lateraling from a V100 to a V10 as a second year? Forum

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links54

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Lateraling from a V100 to a V10 as a second year?

Post by links54 » Wed Aug 19, 2020 10:13 am

Curious what the prospects of moving from a V100 to a V10 are as a second year for someone doing general litigation. Are you "locked out" of joining a V10 as a lateral if you don't start there?

esther0123

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Re: Lateraling from a V100 to a V10 as a second year?

Post by esther0123 » Wed Aug 19, 2020 10:26 am

I don't think you'll be "locked out" since I have seen people "move up" the ranks. It would depend on the firm's hiring need and the market in general at that point. Given the state of the legal (and economic) market, who knows what's gonna happen in the next few years.

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Re: Lateraling from a V100 to a V10 as a second year?

Post by Anonymous User » Wed Aug 19, 2020 12:51 pm

Lots of laterals to V10s from my high PPP V100 -- usually in corporate though.

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Re: Lateraling from a V100 to a V10 as a second year?

Post by Anonymous User » Wed Aug 19, 2020 1:01 pm

That's totally possible. But v10 usually means more hours and less chances of making partner.

fire_ice

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Re: Lateraling from a V100 to a V10 as a second year?

Post by fire_ice » Sat Aug 22, 2020 11:03 am

Depends on the firm's hiring need and also probably easier if you went to a good law school.

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Re: Lateraling from a V100 to a V10 as a second year?

Post by Anonymous User » Sun Aug 23, 2020 11:58 am

I don’t think hiring partners are particularly concerned about Vault rankings when looking at laterals. If you were at a V30 of V50 firm, sure that’s nice. But they’re really interested in what you’ve done as an associate. For mid levels and senior associates, they like to see if you’ve managed large productions, taken or defended depositions, done trial prep, etc. if you haven’t had a chance to get that as billable work, it’s good to pick up experience in pro bono.

As a second year, you’re right on the cusp of a mid level and they don’t expect you to have done depositions or anything. I’d probably try to wait it out and lateral as a third year if you can. (Lateraling is generally harder for juniors but that’s unrelated to the fact that you’re at a V100 firm)

I agree with the above, it’s probably a benefit if you went to a good school. You aren’t getting locked out because your firm is V100 though.

Source: I lateraled as a litigation mid level from a large firm (500+) outside the V100 to V20.

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