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Short answer yes
100% agree with A1.
I’m a tech trans partner at one of the main SV ECVC firms.
I’m a junior partner, and my comp is about 1.2M. I recently had an opportunity to move to a white shoe-ish firm where my comp would have been ~1.8 to start but likely a higher ceiling. I turned it down because of WLB and really liking my firm and practice.
Firms vary, but in general tech trans is not expected to originate much at any of these firms (Perkins being a notable exception, though they are not in the same bucket as Fenwick, Cooley or WSGR). So, at any of these firms your main job is to support corporate. It’s just a matter of whether you want to support company-side clients and VC funds on a wide range of work vs largely supporting PEs on M&A. I chose the former for the reasons stated above, but if you want to optimize for cash then that’s probably not the right move.
On rates, yes I would say we are almost certainly more flexible than white shoe firms.
I’d be ok with $1.2mill :p
The tech firms are more volume practice for ECVC and M&A, so they can give discounts without it hurting as much. And yes, their profits per partner are all significantly lower than the four white shoes you mentioned.
Yeah they do. PEP is much lower at the tech firms as well.
Less sweat too. As good lifestyle as you can get
Not sure what is worse, the grammar and spelling or your understanding of what "white shoe" firms are.
Not sure what you mean. Weil and Wachtell are not "white shoe" firms.