Anyone else just sitting around waiting for the ax to drop? I'm a soon to be 2nd year corporate associate who has seen work completely dry up. My utilization held pretty steady around 50% immediately after shutdown, but August was below 15 billables with no appreciable work in the pipeline. Aside from letting people know I'm available and doing pro-bono/CLE, it's starting to feel like a serious "covidcation" leading to termination.

like
Posting as :
works at
You are currently posting as works at

I’m at under 400 billable hours ytd. I’ve had several months in a row with under 10 billables, recently saw an uptick this month (75 hours) but that’s because, sadly, I’m getting work that used to go to an associate (who is still one of my best friends) who got laid off for low hours. I’ve learned to just not think about it or I’ll drive myself insane. There’s only so much associates can do to get work, it really is up to the partners to keep us busy and learning, but with covid they’re hoarding work more than usual. OP, it’s truly out of your control. My best advice is to look around but don’t jump ship unless you have a good offer in the bag as things could change for the better.

like

Are you searching for another job? It’s easier to look now - you will feel more depressed and hopeless after getting the axe so put your time to use now.

likehelpful

@OP. Definitely understand wanting to stick around a firm a few more years, but if you’re getting in-house bites in an industry you’re interested in, it’s worth taking into serious consideration.

like

How are the other people on your team doing?

like

A1 - Also slow. I think partners are somewhat cannibalizing the low hanging fruit that would normally filter down. Us associates are basically leveraging our network within the firm for hours here and there, so there's an ebb and flow, but generally our primary practice is dead. We also have pretty junior partners who seem to lack a strong book, so there's only so much shaking of that tree that can be done.

Related Posts

A&M fishes ! Waiting for an offer from PEPI MAS today. What’s a realistic TC for a manager on average ? I know it’s very much dependent on utilization but I’m looking for average numbers that someone you have seen during your time at the firm. Lowest and highest in addition to average are appreciated as well 😊

like

What is the target utilization for a Senior 2? Or number of chargeable hours goal? Is this ever hard to meet?

like

Have any respiratory therapists found jobs OTHER than being a clinical RT? I want to possibly change careers, but I am finding that a lot of jobs (clinical liason, utilization review, etc) want you to have a nursing degree, not a respiratory degree. I feel like as an RT we are limited to jobs.

like

How do I check my actual utilization (not the effective one). Mybusiness only tells me the effective utilization

like

PwC people, does vacation negatively impact utilization the same way hitting G&A does?

like

Anyone leave Deloitte for Booz Allen? Thoughts or experiences? Utilization and compliance are absolutely doing my head in.

like

Are ppl worried about being on the bench esp when there aren’t a lot of projects in the pipeline? New hire here about to be up for staffing for the first time and sentiment at my firm seems to be worried/fearful about being unstaffed. Is it actually worrisome to be on the bench in this environment or is this just a product of highly ambitious over achievers worrying about not being constantly utilized?

like

Hired as SA1. if my utilization is low for round table but I’ve gotten good Snapshots will I go up to SA2 or SA1B, which I don’t want of course.

like

Anyone else here have terrible utilization because their deals die and a code never opens? /can’t find another code to book hours? I’m sitting on over 200 billable hours at this point

like

Are budgeted hours as big a deal at Big 4? I've legit been asked why I charged 8 hours one day on a client I was assigned 40 for the week. It makes it difficult to hit utilization targets too

like

Anyone have an app or Excel spreadsheet they use to keep track of utilization? We just switched systems and our new system doesn’t give us a real time balance of our utilization rate (cont)

Do you pay your credit cards in full every month?

I ask because I’ve let my credit spending get a bit lax since moving and adopting a puppy recently, so I haven’t been paying them off in full every month like I used to (though still well above the minimum payment, and keeping utilization at 30% or under). It got me thinking about how many people adhere to this advice.

like

Love how BS credit score is. Got my score up to 800 last month only to go on vacation so my credit utilization went up to 8% due to the increased spending and my score dropped 35 points because I didn’t immediately pay the balance after charging the purchases. I always pay my balance in full each month and have never missed a payment, how is 8% credit utilization determined to be that big of a risk that my score got immediately wrecked, I don’t understand

like

I am curious how other inclusion teachers are being utilized when the school is doing remote learning. I find that I am sitting in the zoom class and have very little opportunity to contribute. I am having discussions with my teachers on ways that I can better support them and the students when remote.

like

I am currently a care coordinator with one of the big insurance companies. I want off the phone, I have been applying for Rn jobs in utilization but have not gotten the last 5-6-7 I applied for, I lost count… I am thinking more analytics and business side of things now. I finished my MSN LM to maybe stand out from the large amount of applicants they get. BUT I have no experience in analytics.. so I have a chance? How do I get training in tableau, sql, interqual, project management, alteryx..

like

Promoted to SSE with 25% hike and VP as 9% . I had received ACE award in Q3 . I have also maintained utilization report 100% still I got less VP. Can I ask manager to revisit the component

like

When a consolidated unitary group acquires a TX Corp, does TX follow Sec. 382 and Sec. 383 and apply a limitation on the utilization of the acquired entity's TX R&D credits following the acquisition?

How does it feel to earn less than US Consultants while also struggling for utilization

like

2 weeks unassigned in may. Can I use PTO for those 2 weeks even if I haven’t accrued it yet? 1st year, and what are the cons of two weeks off? Like utilization. Etc

like
like

More Posts

Reading the Security Permission Report for Proxy management

#SAP #SuccessFactors #HXM #ProxyManagement #Audit #Security

Post Photo

How much is the variable pay out for L9 employee if max of 27% is 450000, how much can we expect.

likehelpful

Need advice - I've been talking to a Partner contact at a big-4 firm where I REALLY want to work. She sent my info to the managing partner in my city, but I haven't heard anything for about 3 weeks. Been playing it cool because I know these things can take time, BUT, I just got let go from my current firm. I have til 12/15 to find a new job.

Do I tell her my timeline is now a month, or is telling them I'm getting fired going to tank my chances of getting the job?

like

Where can I see the reviews post manager discussion?

like

Lower middle market bros. What’a your comp structure? I will share:
100k$ + 60k$ discretionary bonus

like

Ghosted by another recruiter after what seemed like a very promising phone interview. What is the fucking deal? Is there a list somewhere to track this kind of thing?

like

Why do holidays when you can extend your impact

Post Photo
like

I have got an offer from Airbus India, pls share your experience i got E2 level with 5.5 yrs experience

like

Anyone in metro DC looking to transition out?

like

Any suggestions of a good dance club in downtown LA? Here till the weekend..

like

So apparently the human error was PwC fault for announcing the wrong best picture 🤦🏻‍♂️ I could just see a an EY MD trying to swoop up the Oscar account right now

like

Question about my side hustle - I'm an Instagram wellness blogger just getting started and at about 2K followers. Don't want to have all my eggs in one basket and looking into expanding to another platform. Weighing the following options : basic website, newsletter, podcast (podcast would complement or replace IG Live interviews that I currently do).

Any advice on the best next step?

like

It has been almost 2 weeks since I joined KPMG Global Services, but I have not been assigned any project yet. They are telling again there will be client interviews. What the hell is this? I mean I just cracked the interview to join KGS. And now again why do I need to attend interview? What happens if someone cannot crack client interview?will he not get project and will be asked to leave?

Align to non-M&A offering but do a lot of work in the space (DD, integrations). B4 recruiter reached out and wants me to provide resume@for review with hiring partner. Does it work if I provide a bio with summary of M&A projects (client names removed) instead of a traditional resume? Also plan to list education and previous roles.

like

Can anyone post some hard mainframe interview questions

What is the CTC being offered at a consultant level at mastercard?

Is this whisper?

likefunny

Anyone else down to bang their boss? Any success/awkward stories about playing with a direct supervisor?

like

Added to the bucket list - one night with a woman. I am 32F.

likeuplifting

Made an "insensitive comment" at the office today. Said, James Bond can't be a woman if James Bond is a guy. Psyching myself for the upcoming HR classes.

funnylikeupliftingsmart

Additional Posts in Big Law

I’m a true night-owl that begins thinking clearly about 5 PM. I often send projects out after midnight. Early morning emails and calls are an adventure. Has anyone else had to work through this issue? Fight it or embrace it?

like

How’s the draft going? — It’s progressing

Recitals v rest of draft

Post Photo
likefunny

Poll for folks who went in-house from Big Law:
1. When did you leave Big Law?
2. Where did you go? (Big Tech, Biotech, Startup,or company name if you feel comfortable)
3. What was your base salary?
4. Did you get equity at the new company and how much?
5. Advice for juniors?
Thank you so much!
Background: I was talking to a fellow Big Law junior associate (we’re 2nd years) about career goals and progression, we both want to go in-house but realized we don’t know alot about compensation

like

If you are a first year in a stub year, and significantly under billable hours requirement, do firms typically still give pro rated bonus? Do first year stub associates really ever hit their pro rated hours in those 2-3 months?

like

New to due diligence and not sure the timeline of projects. Tips to stay organized of the project and timeline, and how to update those leading the deal? Just keep track of new info and provide as necessary?

like

How much are 3-5 yr associates making in big law in Denver? I’m a female and one of my male colleagues told me he makes $10k more than me and we received the same score on our annual review

like

Leaving after one year to another biglaw firm?

like

When you meet with a partner for a new assignment. Do you bill for that time? I’m a new associate, so I don’t know. On the one side it seems that meeting and conferring for an assignment requested by the the client would be billable since it’s using firm time and resources. On the other side, we are just talking about how to tackle the assignment and not tackling the assignment itself.

like

Do we need a union to stop partners from emailing us after 7:30 pm?

funnylike

Need help: I got an in house counsel offer for a venture fund. I’m a 4th year. 275 50 bonus 50 options every year. Full benefits covered work anywhere. I’m panicking this is dead end and I’ll never move on and I should stay in biglaw. Am I crazy? Am I stuck in biglaw mindset?

like

Hi All - I’m at a firm that has some infrequent in-house training but not enough to help me develop skills to eventually become a trial lawyer. I know cases rarely make it to trial anymore, but I’d like to develop my skills as much as possible to position myself well when they do. Does anyone have any mock trial programs they’ve participated in outside of their firms that they would recommend?

like

I’m debating to join Locke Lord Dallas in transactional. I’m looking to stay at the firm long term and would appreciate any information y’all have. Please be as candid as possible.

like

Anyone at Davis Wright Tremaine and know if they hire remote paralegals on a full time basis or iy through the 6 month contract?

like

Looking for some encouragement. Has anyone here received an overall negative performance review or has been put on a development/performance plan and was able to turn things around for the better?

like

What are staff attorney hours like?

like

Is it a fail of character leaving biglaw? I want to leave, but despite the constant stress and suffering, I can’t avoid feeling like it’s my fault or that maybe I’m over exaggerating how I feel. All my colleagues feel ridiculously happy, I’m the grinch one that’s never enjoying the grind (but the grind is hard and competitive, very competitive) :( any thoughts? Is there future after quitting biglaw so young?

like

Foreign trained lawyer (common law) and just starting bar study. Freaking out. Please tell me it’s possible in the timeframe.

like

Now that you got your bonus and are ready to leave for a better work-life balance HMU for a referral to a top tech practice, v30, either coast or remote. Willing to part with some of the referral fee ;)

like

How do you get good at thinking on your feet? I find I always need time to think and analyse before being able to answer client queries (even those that are considered simple by others). I don't want to rush and get it wrong. I avoid phone calls for this reason which isn't great when you're in the service industry so it's starting to impact my career.

like

Anyone else absolutely *loathe* being assigned new client matters at the end of the month when you know your billable time won’t count bc conflicts haven’t cleared yet? Just me?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal