Fund Finance: STB or K&E? Lateraling senior associate/jr partner. Billable hours?

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

I have some experience at K&E fund finance and am glad to discuss. Excellent group IMO.

like

K&E’s FF is great IMO! There is a ton of work (you can easily get over 2,000), but the partners and senior associates there are very nice.

like

I’m in one if you’d like to message me.

like

STB has a very strong fund finance practice, K&E doesn’t really

like

A3 isn’t wrong that the majority (but far from all) of STB work comes from mega fund clients but that consistency and negotiating leverage has its perks. If you polled the fund finance world, I’m very confident you’d find STB and K&E in different tiers. Evolving landscape though and a lot of new firms are trying to become players in the space on both lender and borrower side. Ton of partner movement the last couple years.

like

Definitely STB. Do not go to KE as a senior unless you want to be making another move within the next couple of years.

like

Because even if you move as NSP to KE, only about 5% make shares so once you’re up at year end 9, most likely won’t be making shares and would need to move and it might become harder to move with a fake title at that point and just in general as that senior. Fund finance is also not that hot there so wouldn’t really be a smart move regardless.

like

Stb

so is anyone going to answer the hours question ...

Hours at KE are what you always hear, generally like 2400 you’re gonna hit. Fund finance isn’t actually that hot at KE so.

STB

Related Posts

My HR rep told me that to apply for your CPA license in MA you only need 1 year of work experience, not 2009 billable hours. Didn't sound right- can anyone confirm/deny?

like

Does anyone know the billable hours goal for managers at EY?

likehelpfulfunny

When your boss gives you 48 hours (clock hours not billable hours) to produce a viable objection to a MTD/compel arbitration in a complex commercial lit case, which is not my practice area, what kind of result is he expecting? From scratch, no template.

likefunny

Any thoughts on Phillips Lytle? If you could please provide insight on culture/billable requirements? Thank you.

like

How many billable hours do people in prosecution tend to average each month? I’ve gone through waves of feeling like my billable hours requirement is reasonable to feeling like I’m drowning and can’t possibly do it for that long.

like

Getting over heartbreak and having a full time job is torture lol. My boyfriend and I just broke up after almost a year of being together. It was such a beautiful relationship but ultimately he just didn’t love me. I love him so much. My mind knows that I deserve reciprocal love and I’m worthy, but I feel physically ill. My body hurts, my stomach is in knots, my head hurts. How is it that I have to mend a broken heart but also meet my billable hours lmao

like

I am a new associate (1 month in mid-tier firm) and I struggle to get work to fill up the whole day. In honest time, i get about 3-5 billable hours a day. Am I going to get in trouble or fired over this?? I am putting my best efforts when I do get work and I ask for work sometimes. At this point I feel like I am being annoying too…

like

I currently work at a medium sized firm and have about two years experience in personal injury litigation. The billable hours and lack of work life balance are really getting to me and I am looking to switch to something else out of litigation, preferably in house. I am also looking to relocate to a different state. How do I go about properly marketing myself to companies that might not take my relocation and minimal experience seriously?

like

Does anyone have experience working for a ALSP? How does compensation work (pay and benefits)? Are you an employee or technically an IC? Do you have billable requirements like at a firm? How do you think it prepared you to potentially move in house? I'm currently at a firm but thinking of taking a position with an ALSP but my goal is to go in house.

Curious to know what other firm's bonus structures are, particularly those with billable requirements of 1900 and below. Trying to understand what the norm is and figure out if associates at my firm are getting screwed. thanks

like

There is almost nowhere to find reliable bonus information on Canadian firms. I’ve heard of year end bonuses ranging from 10-50% this year (not including Covid bonuses). Let’s start a thread posting year of call, rough billable hours worked and bonus as a percent of salary.

5 year call. 1850 hours. 10%.

Has anyone here worked (or does anyone currently work) for Bernstein Litowitz (aka BLBG)? Very interested to learn what inside associates feel about the firm, its culture, work-life balance, billable hours, etc.

like

M/23/Cleveland OH/50k with about 3 years of experience. Reaching a critical point of utilization (I'm at about 140 billable hours a month) and considering asking for a raise. What should I aim for?

Can you share first year salary for midsize firms? I'm in NJ, but curious to hear other markets. Also billable targets? Thanks!

like

Did the billable hours bonus not get paid out today? Or is it to be paid in the next check?

Any insight into Jackson Lewis NYC office? Compensation, billable hours, WLB? I would be a 2-3 year

like

Is it just me or the average billable work in infrastructure transactions has blown off steam in the last couple of weeks?

So I was a 5th year associate in nyc making 100 k a year 2k billable hours.. I decided to leave for the role Im in now.. my old countered to keep me at 115k (which was like pulling teeth for them) but I left anyways now I find out that they offered a 7th year 150 k and a partner title should I be offended that they didn’t even try more with me

like

How many billable hours per week is considered at capacity? I’m getting pushback on boundaries I’m setting about additional matters and marketing work from my firm when I’ve been billing 60-75 hours per week for the last 6 weeks, and I’m still behind on my work. I feel like it’s reasonable to not kill myself further to fit in more/turn things around faster at this point, but am I being unreasonable? I expect my workload to remain at this level through the end of the year at least.

like

Trying to explain billable hrs to hubs. I billed 160 this month, which he said “is only 40 hr weeks” (true) - but how many hrs do you figure you “work” or are in the office to bill 150?

like

More Posts

Resigned already 30 days back

Got 75% from accenture

Feeling like I should revoke resignation.

I am actually loving the people I am working with.

Not sure what is waiting for me in new company.

Will I regret leaving deloitte for accenture?

like
like

People Analytics: Stories, Workforce Analytics & SAC differences and usages

#SAP #SuccessFactors #HXM #PeopleAnlytics #Analytics #HRAnalytics

Post Photo

I work from home a majority of the time, is it ethical to bring the monitor they ordered for me home if I give it back when I quit (obviously)?

Friends - I have created this bowl to discuss US immigration issues, policies and strategies. Post your specific question related to US immigration and get it answered on this bowl. Request you to keep the discussion civil and professional. We are consultants and are here to help each other out.

#Immigration

like

Anyone else got told that they don’t meet the work experience requirements for their PERM role? Have less than 2 years left on my H1B until the 6 year max and don’t know my options. Our immigration team has not been responsive or helpful.

Moving to the Bay Area this summer from chicago. Any recommendations for good luxury apartments in Palo Alto, Redwood City or Mountain View? Also how critical is it to have your own car? I live in downtown chicago currently where everything is walking distance

like

How to update Global Entry info after name change due to marriage? Believe I need to go to Global Entry enrollment center? Is it a long process?

like

Please reach out if you need a referral at IBM

like

Hey all. Just had a question for any insurance underwriters who work in the states. I am moving down there at some point and I would like to know.. What is the insurance landscape like compared to canada? Anyone working in new York state? Is there a lot more red tape? What is the pace of work like? If anyone is willing to have a phone call that would be greatly appreciated. I am in environmental.

like

Hi,
I have got an offer from JPMC and I have another counter offer . Just wanted to understand if there is any probability for the JPMC offer to be revoked if I am renegotiating with them? Also, how many days before my LWD should I ask for renegotiation?

like

Is it possible for someone with anxiety to have a career at MBB? Anyone currently in this situation? How do you cope?

like

5% in the US. Putting in my notice tomorrow!

like

Hi fishes ,

Is there any openings for Adobe experience manager AEM?

like

What is the average salary bracket for a c10 role in Citibank??

like

Hiring Business Analyst (Techno-Functional) role. Location - Nanakramguda , Years of experience - 2-4years , open for CTC and NP!
Anyone in your connections! Please do reach out to me!

I might come off as naive here. But how is options trading different from setting a limit buy or limit sell. Any beginner article I can read up on options?

like

Will the house market crash? Or at least go down by 20%? Thoughts ?

like

Pretty new to stocks and investing I would like to invest $200-$300 a month in an ETF index fund which do you guys recommend? Also would like to invest some money monthly in a more risky stock which do you guys recommend?

like

I recently graduated with a masters degree in Data Analytics from University of Texas at San Antonio with a CGPA of 4.0. I am also awarded distinguished graduate student award for great academic standing and leadership skills. I have worked in india for 3 years for Uber and Amazon as Risk Analyst and quality specialist respectively. I am currently in my F1 OPT and have 30 days left before I submit my offer letter to USCIS. I can share my resume and any help is really appreciated. Thank you!

like

Additional Posts in Big Law

How do you bill your time? The busier I am the harder it is to bill. How do people actually bill contemporaneously in detailed terms when you bill 12 hours but literally did 100 different things in those 12 hours. And it’s never slow enough to go back and do it super detailed.

like

BeCiAL sPoNuSeS this year??

likefunny

Are tech trans hours better/more predictable than M&A?

like

Thoughts on Twitter hiring Wachtell for the Elon litigation? I don’t think of Wachtell as being my first call for big litigation matters.

likefunny

Do you give the office manager (who does assist you with admin tasks from time to time) a christmas present (aka cash)? I have an admin assistant so that's an obvious yes but I don't know how to handle the office manager or receptionist!

like

Who’s working on the twitter acquisition? The dataroom has to be nuts.

likefunny

I’ve made it 5+ years in a NY M&A practice and have consistent exceeding expectations reviews. I’ve had a few mental breakdowns because of work during this time, but thankfully made it through. I’ve been in a near constant depressive/anxious state for family reasons for the last year and half, and am soon having my first kid. I’m scared shitless that I’ll spiral out of control both at work and at home if something doesn’t change soon. Any suggestions on how to keep this job and keep it together?

like

Quit quit quitttttyyyy time!

like

Lol so Bloomberg is basically saying “if you don’t match Cravath, you are a Toyota of the legal industry”. I guess there will be a fight over who is a Rav4 and who is a Camry lolol

Post Photo
likefunny

Is the lateral market still hot? Any of you interviewing/ lateralling soon?

like

Serious question: what was biglaw like back in the 90s? Did ya'll have big cellphones and catered lunches? How is it different for associates back then versus now?

like

Anyone looking for a roommate in NYC? F. 31. Move-in date: May. Budget: flexible, but preferably around $3000 or less per person. Neighborhood: north of 14th street. Please DM me. Thanks!

like

Any news from DPW? 🤔🤔

like

Paralegals: what’s your least favorite thing about working with attorneys?

likefunny

Hopefully my last post in this bowl as I accepted an in-house offer today and gave notice. It was my first and only application and only took a month! Thanks yall for keeping me sane the last few years ❤️

like

Does someone have a good punch list of things to do before giving notice at a firm?

like

Maybe I’m just realizing I’m lazy… but do y’all ever get assigned an actual, hard research or drafting project and realize you don’t like the effort? Like plz let me go back to doc review.

likefunny

After you are stealth laid off, other than job search, what do you do? I assume they won’t give you work and even if they do, you can politely decline? How do you feel about you are not progressing anymore and seeing other people progressing in their career? I have no intention to make partner, but still feel a bit stuck not doing that much.

like

Could someone explain the type of work and assignments that a first year in Capital Markets should expect?

like

Advice for attacking the data room and putting together my first sell-side disclosure schedules? (Baby M&A att’y 2 months in). I have an associate mentor who encourages me to flag items I don’t understand and will walk through them with me, but at this point, the only thing I understand is that I don’t even know what I don’t know and what I do know that I don’t know is basically everything.

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