Anonymous User wrote: ↑Wed Jun 02, 2021 8:57 pm
eastcoast_iub wrote: ↑Wed Jun 02, 2021 7:42 pm
sparty99 wrote: ↑Wed Jun 02, 2021 7:22 pm
You would be stupid to quit now. You have no debt. Work in big law 1 to 2 more years and leave with an additional 60,000 to 120,000. You can easily lateral to make this possible. You need to think long term. Imagine what 1 to 2 more years can do for early retirement. It would take some people a decade to save 60,000 to 120,000.
Agree, you should stick it out. Since you clearly don't care about making partner, do a mediocre but serviceable job and don't be afraid to turn down work (within reason if your hours are at least ~150/month). You will be way more marketable after even 2 years, it will look better on your resume, and the money you save now can enable an early retirement. Also, things will get easier after some additional time in the job after you get some reps in and have some idea of what you are doing. You also get a better sense of when e-mails can wait for a response, and when you can push back on unreasonable deadlines and say no to assignments, as you get more experience.
Also, if you can switch to a specialist group it will probably extend your shelf life. Front-line M&A/cap markets is the seventh layer of BigLaw hell.
I’m one of the first year anons above. I’m actually in a specialist regulatory group in DC and clearly still quite unhappy. I thought hours would be somewhat more predictable and reasonable, but I’ve been billing at around 200 a month at very unpredictable times for like half my time here.
Does it get better? Am I just going through a rough patch?
Generally speaking, a specialist regulatory group in DC should give you some of the best QoL you can get in BigLaw (comparatively), with the caveat that YMMV greatly depending on which specialist group, which firm, and the specific people you are working with.
As a first year, if you are doing deal support on a lot of deals it may feel overwhelming b/c this is your first time doing stuff and everything takes way longer than it would for someone with experience. Deal support is part of my practice, and I work on a lot of deals at once, but many of the tasks are now on auto-pilot and take very little time to do. So this aspect will definitely get better after you have 1 or 2 years under your belt.
There are also some subject matter-specific factors for my practice that make diligence lighter for my group as compared with most other specialist groups, which may or may not apply to you.
W/r/t personalities, I work under someone who is very hands-off and polite and I have a high level of autonomy, which allows me to manage my schedule and deadlines and generally makes my life way less stressful. If you are working with micro-managers and/or people who are curt and unfriendly, this can make your experience immeasurably worse. The people you work with is a huge factor in how your experience will be and whether you can sustain your time in BigLaw, and one that is unfortunately hard to assess from the outside looking in (and is more practice group-specific than firm-specific).
Regardless of the factors mentioned above though, the past year has been an unusually hot deal market that will not be sustained forever. This factor will assuredly get better (and is already with the significant decline in SPAC formations). Also, while there are exceptions to this rule, deal flow generally gets lighter as you move outside the V10 and down the rankings, so if your high pace does not let up you may be able to improve your situation by downgrading.