Selendy vs Patterson
Posted: Tue Mar 14, 2023 11:07 am
where would you rather work?
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Based on Vault, it looks like they pay market base salary through at 6th year and then you get hit by compression. No clue about bonuses, though, but full bonus hours are 1,850. This is the tradeoff that you have to accept going to a full service firm that has a large equity partnership (i.e., 30%) and slightly better quality of life.Anonymous User wrote: ↑Thu Mar 16, 2023 11:37 pmdoes Patterson pay market? Is there compression at senior levels?
Thank you. Any thoughts on Patterson vs Williams and Connolly (pretending for a second that location does not matter)? Looking for variety, high profile, and substantive experienceSackboy wrote: ↑Fri Mar 17, 2023 12:14 amBased on Vault, it looks like they pay market base salary through at 6th year and then you get hit by compression. No clue about bonuses, though, but full bonus hours are 1,850. This is the tradeoff that you have to accept going to a full service firm that has a large equity partnership (i.e., 30%) and slightly better quality of life.Anonymous User wrote: ↑Thu Mar 16, 2023 11:37 pmdoes Patterson pay market? Is there compression at senior levels?
That's a pretty confusing structure. Market for 6 years, then below market, then higher than typical partnership chances? Unless maybe a partner there makes as much as a senior associate elsewhere.Sackboy wrote: ↑Fri Mar 17, 2023 12:14 amBased on Vault, it looks like they pay market base salary through at 6th year and then you get hit by compression. No clue about bonuses, though, but full bonus hours are 1,850. This is the tradeoff that you have to accept going to a full service firm that has a large equity partnership (i.e., 30%) and slightly better quality of life.Anonymous User wrote: ↑Thu Mar 16, 2023 11:37 pmdoes Patterson pay market? Is there compression at senior levels?
It's probably higher than a major Big Law firm but your chances of partnership there are still pretty slim. They are perfectly content to park you at counsel or senior associate indefinitely until you decide to leave.Anonymous User wrote: ↑Fri Mar 17, 2023 1:06 amThat's a pretty confusing structure. Market for 6 years, then below market, then higher than typical partnership chances? Unless maybe a partner there makes as much as a senior associate elsewhere.Sackboy wrote: ↑Fri Mar 17, 2023 12:14 amBased on Vault, it looks like they pay market base salary through at 6th year and then you get hit by compression. No clue about bonuses, though, but full bonus hours are 1,850. This is the tradeoff that you have to accept going to a full service firm that has a large equity partnership (i.e., 30%) and slightly better quality of life.Anonymous User wrote: ↑Thu Mar 16, 2023 11:37 pmdoes Patterson pay market? Is there compression at senior levels?
they do different work - if you want appellate or white collar, I'd go to williams because Patterson doesnt do much appellate and even less white collar. otherwise, I'd go to patterson because of better lifestyle, higher pay at midlevels. If you want to do a lot of pro bono I'd also go to Patterson. I do feel like they are otherwise comparable in terms of "prestige"/competitiveness and type of firm they are - one office firms with a few hundred attorneys, litigation only, mostly fed clerks, so it is a good comparisonAnonymous User wrote: ↑Fri Mar 17, 2023 12:27 amThank you. Any thoughts on Patterson vs Williams and Connolly (pretending for a second that location does not matter)? Looking for variety, high profile, and substantive experienceSackboy wrote: ↑Fri Mar 17, 2023 12:14 amBased on Vault, it looks like they pay market base salary through at 6th year and then you get hit by compression. No clue about bonuses, though, but full bonus hours are 1,850. This is the tradeoff that you have to accept going to a full service firm that has a large equity partnership (i.e., 30%) and slightly better quality of life.Anonymous User wrote: ↑Thu Mar 16, 2023 11:37 pmdoes Patterson pay market? Is there compression at senior levels?
Why is this structure confusing?Anonymous User wrote: ↑Fri Mar 17, 2023 1:06 amThat's a pretty confusing structure. Market for 6 years, then below market, then higher than typical partnership chances? Unless maybe a partner there makes as much as a senior associate elsewhere.Sackboy wrote: ↑Fri Mar 17, 2023 12:14 amBased on Vault, it looks like they pay market base salary through at 6th year and then you get hit by compression. No clue about bonuses, though, but full bonus hours are 1,850. This is the tradeoff that you have to accept going to a full service firm that has a large equity partnership (i.e., 30%) and slightly better quality of life.Anonymous User wrote: ↑Thu Mar 16, 2023 11:37 pmdoes Patterson pay market? Is there compression at senior levels?
This is a relatively common structure for litigation firms. Unlike in corporate, a lot of litigators want to be in private practice indefinitely and are willing to trade associate comp for partnership prospects and hours. Especially since top litigators choose their firms a few years later due to clerkships, meaning they may have families on the horizon, less concern for Vault, etc. PPP obviously isn’t Wachtell and partnership comp may be heavily EWYK, making it easier to make partners.Anonymous User wrote: ↑Fri Mar 17, 2023 1:06 amThat's a pretty confusing structure. Market for 6 years, then below market, then higher than typical partnership chances? Unless maybe a partner there makes as much as a senior associate elsewhere.Sackboy wrote: ↑Fri Mar 17, 2023 12:14 amBased on Vault, it looks like they pay market base salary through at 6th year and then you get hit by compression. No clue about bonuses, though, but full bonus hours are 1,850. This is the tradeoff that you have to accept going to a full service firm that has a large equity partnership (i.e., 30%) and slightly better quality of life.Anonymous User wrote: ↑Thu Mar 16, 2023 11:37 pmdoes Patterson pay market? Is there compression at senior levels?
they only hire 3Ls and out of clerkshipsAnonymous User wrote: ↑Sat Mar 18, 2023 7:13 pmAnyone know what Patterson is looking for in new hires? They seem to hire more lawyers without clerkships these days, just looking at LinkedIn
Doesn’t seem to be the case looking on LinkedIn…Anonymous User wrote: ↑Sun Mar 19, 2023 8:45 amthey only hire 3Ls and out of clerkshipsAnonymous User wrote: ↑Sat Mar 18, 2023 7:13 pmAnyone know what Patterson is looking for in new hires? They seem to hire more lawyers without clerkships these days, just looking at LinkedIn
There’s been some talk of bringing back a summer program, but I don’t know the status of that given the economy.Anonymous User wrote: ↑Sun Mar 19, 2023 8:45 amthey only hire 3Ls and out of clerkshipsAnonymous User wrote: ↑Sat Mar 18, 2023 7:13 pmAnyone know what Patterson is looking for in new hires? They seem to hire more lawyers without clerkships these days, just looking at LinkedIn
I see at least a few people who joined recently after a year or so at another firmAnonymous User wrote: ↑Sun Mar 19, 2023 8:45 amthey only hire 3Ls and out of clerkshipsAnonymous User wrote: ↑Sat Mar 18, 2023 7:13 pmAnyone know what Patterson is looking for in new hires? They seem to hire more lawyers without clerkships these days, just looking at LinkedIn