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Boies in OCI

Posted: Sat Aug 14, 2021 7:01 pm
by Anonymous User
Seeking anecdata: are top candidates still bidding Boies relative to history given their recent troubles, or have people started to lay off / prefer other firms?

Re: Boies in OCI

Posted: Sat Aug 14, 2021 7:14 pm
by Anonymous User
IME the last year they were super competitive was OCI 2019.

Re: Boies in OCI

Posted: Sun Aug 15, 2021 11:48 am
by Anonymous User
Anonymous User wrote:
Sat Aug 14, 2021 7:01 pm
Seeking anecdata: are top candidates still bidding Boies relative to history given their recent troubles, or have people started to lay off / prefer other firms?
Who the hell wants to go to Boies?

Re: Boies in OCI

Posted: Sun Aug 15, 2021 11:53 am
by Anonymous User
top third HYS, intentionally avoided due to the exodus of partners and after hearing not great things through the grapevine about financial stability

Re: Boies in OCI

Posted: Sun Aug 15, 2021 8:22 pm
by Anonymous User
At my mid-t14 they used to be a constant but don't come to our OCI or even resume collect anymore.

Re: Boies in OCI

Posted: Sun Aug 15, 2021 10:15 pm
by Anonymous User
If you have even slightly better options, it does not make sense to bid them high anymore. Even their higher-than-market comp formula is a legacy feature reserved for older associates, so new or incoming associates, of any kind, are only paid market. And that's only if you meet the billable hour requirement, which top firms like Davis Polk, Cravath, PW, etc, don't require. And forget about the bonuses at elite lit boutiques, which are now miles ahead of what incoming BSF attorneys would get.

So even if you set aside the downside risk, what is the upside incentive to bid them high?

Re: Boies in OCI

Posted: Mon Aug 16, 2021 2:33 pm
by Anonymous User
Anonymous User wrote:
Sun Aug 15, 2021 10:15 pm
If you have even slightly better options, it does not make sense to bid them high anymore. Even their higher-than-market comp formula is a legacy feature reserved for older associates, so new or incoming associates, of any kind, are only paid market. And that's only if you meet the billable hour requirement, which top firms like Davis Polk, Cravath, PW, etc, don't require. And forget about the bonuses at elite lit boutiques, which are now miles ahead of what incoming BSF attorneys would get.

So even if you set aside the downside risk, what is the upside incentive to bid them high?
Their bonuses slightly beat market and you get far more experience than you would at a traditional Big Law shop. Don't think BSF is a very attractive option anymore, but if you're very lit-focused and don't get better offers from other litigation firms, it could still work out.