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Chief
Hi All, My sister has done Computer Science engineering Bachelor degree and has 5 years of work experience in India. She is applying for MBA at https://www.kenan-flagler.unc.edu/programs/mba/full-time-mba/ and https://kelley.iu.edu/programs/full-time-mba/academics/majors-minors/marketing.html. Her overall goal is to get into Software Product management. Any suggestions if any of these MBA’s can open path in the desired space or if she is better of doing an MS in Comp engg. to further develop deeper Technology skills. Thanks
Happy long weekend y’all.
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What is your long term goal? Do you want to build a book and be “a true ‘trial attorney’” or would you be happier as a service partner (possibly making more money)? Based on your comments, I get the impression you want to go for the book of business.
Chief
Lower rates = lower collections = lower comp (subject to the firms’ relative overhead expenses)
That’s sometimes the case but depends on a lot of variables like whether the firm has different tiers for partner, the comp structure for partners and how origination versus working attorney collections go into comp. For example if you have a 800k book at a smaller firm with lower rates where you are doing a decent amount of the work on that book, you will probably make more than if you were at a bigger firm with higher rates where you don’t have a book and are just working cases for institutional clients or other partners’ clients.
Pay would be similar, at least at the associate level. If I became partner at the AmLaw firm I would likely be more of a service partner doing work for the firm’s institutional clients. Maybe be able to bring in some of my own business down the road but the rates are much higher than smaller firms in the area (and IMO many of the smaller firms can do just as good of work) so seems like building a book would be more difficult at the AmLaw firm. At the boutique, seems like building a book would be more doable given the lower rates and could, based on what I’ve been told about the comp structure, lead to better comp down the road but that’s of course no guarantee.
Very torn on whether to take the plunge and go for the litigation boutique with the goal of becoming partner, building a book, and being a true “trial attorney” vs stay the course at the AmLaw firm, become counsel and hopefully a partner, but not have as good a chance at building my own book and not try nearly as many cases.