Search found 127 matches

by Johannes
Mon Aug 13, 2018 10:46 pm
Forum: General Legal Employment/Post Grad Discussion
Topic: Consumer Class Actoin v. Securities
Replies: 23
Views: 6454

Re: Consumer Class Actoin v. Securities

Chasing prestige is where many people go wrong and why their biglaw careers end abruptly
by Johannes
Thu Aug 02, 2018 12:10 am
Forum: General Legal Employment/Post Grad Discussion
Topic: How to Maintain Confidence?
Replies: 4
Views: 1774

Re: How to Maintain Confidence?

The economy is good so they can’t really fire anyone right now.
by Johannes
Wed Jul 11, 2018 12:04 am
Forum: Other Pre-Law Questions
Topic: So you think you want BigLaw?
Replies: 430
Views: 84838

Re: So you think you want BigLaw?

1 million or bust (household student loan debt)
by Johannes
Sun Jun 24, 2018 1:14 am
Forum: General Legal Employment/Post Grad Discussion
Topic: Williams & Connolly Salary Scale
Replies: 11
Views: 4068

Re: Williams & Connolly Salary Scale

It’s pretty much always safe to assume tight lipped associates = above market comp. it’s an implicit understanding.
by Johannes
Wed Jun 20, 2018 8:41 pm
Forum: Legal News and Law Firm Gossip
Topic: Latham to v80!
Replies: 1632
Views: 266427

Re: tetelestai — cravath to 190 and boneus

Johannes wrote:
Fri Jun 15, 2018 6:34 pm
Johannes wrote:
Tue Jun 12, 2018 8:37 am
This isn’t a top 15 move. At least 50 firms will move including some that aren’t sniffing 1 million rpl or 3m ppp.
Seen/heard enough from non-ny/SF markets with these numbers gonna do match and bonus. This puppy is done - Texas, dc, SF nyc; 80%+ of V100 gone.
Called it.
by Johannes
Tue Jun 19, 2018 10:48 pm
Forum: Legal News and Law Firm Gossip
Topic: Latham to v80!
Replies: 1632
Views: 266427

Re: Skadden to hours contingent bonus!

BullPenn wrote:
Tue Jun 19, 2018 4:59 pm
James Baxter wrote:
Tue Jun 19, 2018 4:50 pm
Latham probably just sends an email out to the partners with voting buttons.
fire 50% of associates y/n
Whoops think I misclicked. Oh well it’s gone now.
by Johannes
Fri Jun 15, 2018 7:35 pm
Forum: Legal News and Law Firm Gossip
Topic: Latham to v80!
Replies: 1632
Views: 266427

Re: Skadden to hours contingent bonus!

They are all moving. You realize how large these bureaucracies are? It’s just red tape at this point.
by Johannes
Fri Jun 15, 2018 6:50 pm
Forum: Legal News and Law Firm Gossip
Topic: Latham to v80!
Replies: 1632
Views: 266427

Re: Skadden to hours contingent bonus!

You guys are so impatient. Everyone’s falling in line.
by Johannes
Fri Jun 15, 2018 6:34 pm
Forum: Legal News and Law Firm Gossip
Topic: Latham to v80!
Replies: 1632
Views: 266427

Re: tetelestai — cravath to 190 and boneus

Johannes wrote:
Tue Jun 12, 2018 8:37 am
This isn’t a top 15 move. At least 50 firms will move including some that aren’t sniffing 1 million rpl or 3m ppp.
Seen/heard enough from non-ny/SF markets with these numbers gonna do match and bonus. This puppy is done - Texas, dc, SF nyc; 80%+ of V100 gone.
by Johannes
Thu Jun 14, 2018 10:52 pm
Forum: Legal News and Law Firm Gossip
Topic: Latham to v80!
Replies: 1632
Views: 266427

Re: Skadden to hours contingent bonus!

Big Red wrote:
Thu Jun 14, 2018 5:23 pm
hm, still waiting on movement from native TX firms right?
You guys look at this all wrong. “Native” means nothing in today’s legal landscape. That was proven during 180k.
by Johannes
Thu Jun 14, 2018 10:46 pm
Forum: Legal News and Law Firm Gossip
Topic: Latham to v80!
Replies: 1632
Views: 266427

Re: Skadden to hours contingent bonus!

the firms skadden considers its peers have a requirement of zero so let's not go overboard and call 900 obscenely low. an associate could easily be below 900 at this point even tho they'll hit 1800-2000 by year end. are there stats on how many associates miss year-end bonus? like actual stats, not ...
by Johannes
Thu Jun 14, 2018 10:43 pm
Forum: Legal News and Law Firm Gossip
Topic: Latham to v80!
Replies: 1632
Views: 266427

Re: Skadden to hours contingent bonus!

bruinfan10 wrote:
Thu Jun 14, 2018 4:36 pm
dude. forget DC, who even works in that swamp anyway. where are the CA firms. this is getting intolerable.
Chilllllll Don’t you know the song and dance yet
by Johannes
Thu Jun 14, 2018 10:33 pm
Forum: Legal News and Law Firm Gossip
Topic: Latham to v80!
Replies: 1632
Views: 266427

Re: no, really, the show is actually over [willike to cravath + bonus]

The D.C. firms will definitely match salary. If you look back, in 2016 when Covington tried to hold the line on D.C. salaries they went very early on that, before matches from Cleary, STB, S&C, etc. All firms with D.C. Offices that compete for talent to a certain degree. Then eventually Akin, Hogan...
by Johannes
Thu Jun 14, 2018 10:27 pm
Forum: Legal News and Law Firm Gossip
Topic: Latham to v80!
Replies: 1632
Views: 266427

Re: no, really, the show is actually over [willike to cravath + bonus]

BearCat wrote:
Thu Jun 14, 2018 3:52 pm
When is Wachtell going to 220k? Which will push Kellogg to 250k. None of that matters to any of us but I like seeing big numbers.
Wachtell is at like 400k now. The only reason associates are super tight lipped there is the money is super good.
by Johannes
Tue Jun 12, 2018 8:37 am
Forum: Legal News and Law Firm Gossip
Topic: Latham to v80!
Replies: 1632
Views: 266427

Re: tetelestai — cravath to 190 and boneus

This isn’t a top 15 move. At least 50 firms will move including some that aren’t sniffing 1 million rpl or 3m ppp.
by Johannes
Tue Jun 12, 2018 1:32 am
Forum: Legal News and Law Firm Gossip
Topic: Latham to v80!
Replies: 1632
Views: 266427

Re: tetelestai — cravath to 190 and boneus

relax anons. MANY more firms are going to match than the ones posted by smokey. those are all surefire matches this week. the interesting part of this thread (which im getting in early for) will be which firm DEWEYs itself matching in july that has no business matching.
by Johannes
Fri May 25, 2018 1:29 am
Forum: Legal News and Law Firm Gossip
Topic: can someone pls explain kirkland and ellis to me?
Replies: 21
Views: 7951

Re: can someone pls explain kirkland and ellis to me?

private equity makes a shitload of money. returns are good. Fund II procreates to makes Funds III-XIV after its successful. Once you have that type of money from a booming practice that can be leveraged up a lot, you go buy yourself some groups in hot new non-NYC markets and hope your name/cross sel...
by Johannes
Thu May 17, 2018 11:42 pm
Forum: General Legal Employment/Post Grad Discussion
Topic: Percent of billables (compensation)
Replies: 5
Views: 1646

Re: Percent of billables (compensation)

Yeah instead of asking a higher percentage ask when your billable rate will go up...
by Johannes
Thu May 17, 2018 7:41 pm
Forum: Other Pre-Law Questions
Topic: Why do you want to be a lawyer?
Replies: 15
Views: 3175

Re: Why do you want to be a lawyer?

Public service loan forgiveness for govt work should ease the debt burden significantly. 10 years repaying 6-8% of your salary and then remaining loans forgiven. I became a lawyer basically for the same reasons as you - no other options. It’s fine enough. This is assuming PSLF is still an option. A...
by Johannes
Thu May 17, 2018 11:57 am
Forum: Other Pre-Law Questions
Topic: Why do you want to be a lawyer?
Replies: 15
Views: 3175

Re: Why do you want to be a lawyer?

Public service loan forgiveness for govt work should ease the debt burden significantly. 10 years repaying 6-8% of your salary and then remaining loans forgiven.

I became a lawyer basically for the same reasons as you - no other options. It’s fine enough.
by Johannes
Sat May 12, 2018 9:58 pm
Forum: General Legal Employment/Post Grad Discussion
Topic: 50 Market Survey (Secondary Market Advice Compilation)
Replies: 66
Views: 23238

Re: 50 Market Survey (Secondary Market Advice Compilation)

thanks anon. valuable data point to have and ill def defer to you as you seem to have personal insight that i dont. chicago as a whole, generally is pretty ties oriented, so this makes sense and could be the current trend of Kirkland.
by Johannes
Sat May 12, 2018 12:12 am
Forum: General Legal Employment/Post Grad Discussion
Topic: Laterals v. Summers
Replies: 13
Views: 3128

Re: Laterals v. Summers

tough prediction. if partners dont have an incentive to leave, then it doesnt matter what model there is because there will be a de facto institutional model with partners being firm lifers. so the big thing here is kirkland's pay model/culture/ideology being so very different from someone like crav...
by Johannes
Fri May 11, 2018 11:24 pm
Forum: General Legal Employment/Post Grad Discussion
Topic: Laterals v. Summers
Replies: 13
Views: 3128

Re: Laterals v. Summers

I could be off on this, but there has to be a limit on that trend, right? Like obviously it makes way more economic sense to get an attorney that has a few years of experience instead of farming fresh law students, but in order to feed the need for laterals, there will always have to be fresh hires...
by Johannes
Thu May 10, 2018 2:33 am
Forum: General Legal Employment/Post Grad Discussion
Topic: Laterals v. Summers
Replies: 13
Views: 3128

Re: Laterals v. Summers

yep ive noticed the same trend.