Page 1 of 1

Do all V100 firms give offers after SA positions

Posted: Wed Feb 17, 2021 8:11 pm
by Anonymous User
Assuming adequate performance, is it safe to assume that all V100 firms offer about 100% of their summer associates full-time positions? I know this depends on the market and if you are turning in adequate work, but just trying to get a sense if my assumptions are correct.

Re: Do all V100 firms give offers after SA positions

Posted: Wed Feb 17, 2021 8:31 pm
by Anonymous User
There's no way to make this assumption without knowing what market you're referring to - as you pointed out.

Is it generally your offer to lose if you perform adequately (even though the bar is much lower for an SA) at a firm with a big summer class in NYC (V10-20)? Definitely. But you should keep in mind that this is not always true - even in NYC - when you're targeting firms with smaller classes or working at their satellite offices. Sometimes this correlates with their ranking on Vault and sometimes it doesn't. This is why you should always check each firm office's NALP data.

I'm not an expert on every market, but the reason this assumption is dangerous is because various well-ranked firms with offices in the south, for example, commonly have 50-70% offer rates regardless of adequate performance. I'm sure it's probably better somewhere like DC, Chicago, LA, or even Houston, but still.

Re: Do all V100 firms give offers after SA positions

Posted: Wed Feb 17, 2021 10:28 pm
by Anonymous User
Anonymous User wrote:
Wed Feb 17, 2021 8:31 pm
There's no way to make this assumption without knowing what market you're referring to - as you pointed out.

Is it generally your offer to lose if you perform adequately (even though the bar is much lower for an SA) at a firm with a big summer class in NYC (V10-20)? Definitely. But you should keep in mind that this is not always true - even in NYC - when you're targeting firms with smaller classes or working at their satellite offices. Sometimes this correlates with their ranking on Vault and sometimes it doesn't. This is why you should always check each firm office's NALP data.

I'm not an expert on every market, but the reason this assumption is dangerous is because various well-ranked firms with offices in the south, for example, commonly have 50-70% offer rates regardless of adequate performance. I'm sure it's probably better somewhere like DC, Chicago, LA, or even Houston, but still.
Thank you for responding! the firm I am referring to is somewhere in the V40 - V60 band and it is their NYC office. I know it would be impossible to say for sure, but just trying to get a sense.

Re: Do all V100 firms give offers after SA positions

Posted: Wed Feb 17, 2021 11:51 pm
by Barrred
Anonymous User wrote:
Wed Feb 17, 2021 10:28 pm
Anonymous User wrote:
Wed Feb 17, 2021 8:31 pm
There's no way to make this assumption without knowing what market you're referring to - as you pointed out.

Is it generally your offer to lose if you perform adequately (even though the bar is much lower for an SA) at a firm with a big summer class in NYC (V10-20)? Definitely. But you should keep in mind that this is not always true - even in NYC - when you're targeting firms with smaller classes or working at their satellite offices. Sometimes this correlates with their ranking on Vault and sometimes it doesn't. This is why you should always check each firm office's NALP data.

I'm not an expert on every market, but the reason this assumption is dangerous is because various well-ranked firms with offices in the south, for example, commonly have 50-70% offer rates regardless of adequate performance. I'm sure it's probably better somewhere like DC, Chicago, LA, or even Houston, but still.
Thank you for responding! the firm I am referring to is somewhere in the V40 - V60 band and it is their NYC office. I know it would be impossible to say for sure, but just trying to get a sense.
I'm pretty sure that you can figure this out from the information they report to NALP. Last I checked (which was admittedly a couple years ago), they provide data on summer associate class size and number of offers extended.

Re: Do all V100 firms give offers after SA positions

Posted: Mon Feb 22, 2021 8:11 pm
by Anonymous User
Most reputed firms with largish summer classes will have as close to a 100% offer rate as possible (but there always seems to be a SA who gets too drunk or makes too many off handed comments that leads to a no offer). The scariest thing is getting cold offered by a firm because it's not really reported anywhere. This is where the firm gives you an offer to hold onto their reporting standards but it's given with the assumption that you shouldn't take the offer because they don't want you. But even then, I can't imagine that this is too common but it is a possibility. The common sentiment is that if you're a normal human being who tries during the summer at a financially healthy firm, you will almost always get an offer to return to the firm.

Re: Do all V100 firms give offers after SA positions

Posted: Tue Feb 23, 2021 12:04 pm
by Anonymous User
Barrred wrote:
Wed Feb 17, 2021 11:51 pm
Anonymous User wrote:
Wed Feb 17, 2021 10:28 pm
Anonymous User wrote:
Wed Feb 17, 2021 8:31 pm
There's no way to make this assumption without knowing what market you're referring to - as you pointed out.

Is it generally your offer to lose if you perform adequately (even though the bar is much lower for an SA) at a firm with a big summer class in NYC (V10-20)? Definitely. But you should keep in mind that this is not always true - even in NYC - when you're targeting firms with smaller classes or working at their satellite offices. Sometimes this correlates with their ranking on Vault and sometimes it doesn't. This is why you should always check each firm office's NALP data.

I'm not an expert on every market, but the reason this assumption is dangerous is because various well-ranked firms with offices in the south, for example, commonly have 50-70% offer rates regardless of adequate performance. I'm sure it's probably better somewhere like DC, Chicago, LA, or even Houston, but still.
Thank you for responding! the firm I am referring to is somewhere in the V40 - V60 band and it is their NYC office. I know it would be impossible to say for sure, but just trying to get a sense.
I'm pretty sure that you can figure this out from the information they report to NALP. Last I checked (which was admittedly a couple years ago), they provide data on summer associate class size and number of offers extended.
Different user, but my satellite office in California (V50) had one SA last summer, and they received an offer. Is there any way to check data from previous years on NALP? I feel like my sample size is just way too small to have any idea.