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Can I quit a job I started Monday? Lmao
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Yeah, JD 6th year here. Essentially seems like the reasoning most have for staying at JD despite being paid less is that JD makes significantly more partners per capita. If you want to make partner in big law, JD gives you the best odds by far. But you will almost certainly be paid under market as an associate.
Yes but many of them would not have. I’m not arguing that JD is the only place an associate can reasonably make partner, only that the chances are substantially better at JD just objectively on the numbers.
JD does not pay bonuses. Does not totally follow cravath beyond 2nd year. It was so wild - I was paid market (M&A) while my peer in BATL in the same office was paid 30K less. We billed the same number of hours (literally only 50 hours difference) and both above 2000. And he had a very good reputation. Great firm, but you likely won’t get paid as much as other firms until you make partner. Also L&E and IP got absolutely scammed last year - everyone I knew made at least 50k under market in those groups.
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(Unless you’re a partner’s son)
One thing to consider is that because there are no bonuses theres less pressure to hit 2000 hours. Candidly, as a 3rd year I was making 270 base, but they start raises in July (instead of January), so I had an extra six months of making 270 while my peers at other firms were still at second year market rates. I did hit 2000 hours, but M&A was slow last year and I know a lot of people who hit closer to 1800. In my experience, they care more about quality of work over quantity of hours. My 1800 hour peers at JD were comped the same as me.
This. I never hit 2000 while I was there and always made above market base (but below the full market base + bonus). Since I was not hitting the bonus threshold, seemed like a win.
LOL as a former JD associate, no, I cannot explain it. But the gist is you’re getting shafted on pay.