Hot take: making Counsel at a top firm > making Partner at a top firm

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

I totally agree. $1m per year and no owner responsibilities? Yes please.

like

A1 has no idea

like

Depends what kind of counsel deal you get...at some places you're still kind of a second class citizen.

like

Equity partnership or equity partnership. There is no plan b.

like

Depends on your firm and group - if you want to be stuck at whatever the pay is for your firm (500k max I’d say) and work less hard, may be OK. I am doing that and am happy enough.

like

C1’s answer is correct

A3 is right. Comp is slightly above 8th year Cravath scale but no real upward potential from there. No pressure to bring in new clients but maintain relationships and work a TON. Doesn’t seem worth it in the V10 world

Related Posts

Is it advisable to take the Virtusa Dubai opportunity?? What are the pros and cons ?
YOE :7years

like

I have an IT M&A interview coming up next month. Would someone be kind enough to mock interview/prep?

like

What are some good gyms in the city? I like to do a mix of cardio and strength, a pool would be nice but not a must.

like

Hi fishes just 4 days remaining of LWD. Which one is better.
1. Sapiens
2. Rakuten
I'm Confused. Your valuable feedback please.

like

My current skillset is into Adobe Marketing Cloud - Adobe Analytics, Target, AAM. I want to move into Data Science domain as I like working in Python, Data Visualization tool (l worked for limited time). How can I start my career into DS as a beginner ( courses, links).

like

Who’s the new recruiter of AKQA NY? Can you please share the contact? Thanks a lot!

like

Best investment book recommendations?

like
like

Mochi Brownies

These brownies are the best of both worlds! A chewy fudge interior like mochi, crispy edges and shiny top like brownies. Unlike traditional brownies, they are surprisingly less dense and light. Not too sweet which is the way I like it.

Post Photo
like

Recently i resigned IBM, on oct 4th , when can I expect my full n final clearance.

like

Hi folks,

I am joining thoughtworks Hyderabad location on June 15 . Can anyone tell me about the work timings.

like

can some one please help with the in hand salary calculator (some colorful table was shared by some member as a screenshot)?

like

I love my job and the people I work with, but lately I've been feeling like everyone else has more flexibility in their schedules than I do. How do you find time for yourself when there's so many meetings?

like

what are some of your most important routines that you make sure to model at the beginning of the year? I am hoping to spend 4-5 weeks on classroom mgmt right off the bat

like

5 hours of BRD review sessions today. Need help! Please send memes!

like

Will taking Google courses on Coursera get attention from Google recruiters?

like

Hello Fishes,

Looking for referral
Goldman Sachs Microsoft Northern Trust Wells Fargo

1. I have 11 years of experience in Operations & Project Management.
2. Have implemented innovative and digital transformation projects such as ERP and IT Simulator.
3. Carried out process improvement and Cost-Benefit Analysis.
4. Engineer with MBA degree.
5. Certifications are :

Certified Project Manager (PMP)
Certified Scrum Master (CSM)
Lean Six Sigma Green Belt (LSSGB)

Looking for managerial roles.

like

Should I be doing read alouds with older students?

likehelpful

How will the current market affect physician-owned ASCs and OBLs?

like

Additional Posts in Law

Are the people you know complying with CDC and other guidance about social distancing, especially in the evenings?(Continued in comments)

like

Graduating from law school in May. What skills or knowledge should I focus on acquiring that might help me secure employment in a recession? CLEs on bankruptcy and creditors' rights?

like

K&E signing bonus for 2019 lateral in funds?

like

Anyone have experience going through the interview process at the Los Angeles District Attorney’s office?

like

Do you ever marvel how some people take themselves so seriously? "Look at me doing my critical work for my major client, we are solving their serious problems very seriously"

likefunny

What do you all get your boss for the holidays? I’m thinking a bottle of good whiskey should suffice. Would like some input on this subject.

like

So stuck. What do I do? I joined this firm a year ago (4 yrs exp total) to grow/get more court/client exposure. Then 2 more-experienced associates were hired, pandemic, & all cases are divided between the other 2. I have no defined tasks except deficiency letters or the odd pro bono case. Boss claims it's mentoring. I still need to meet bill req.

Last wk Boss said I'll do more & my work was good, but today said I can't 2nd chair bc I don't have experience. I'm doing less now than my prior firm.

like

Advice to avoid ethics violations and unauthorized practice of law in the following scenario. I am licensed to practice in PA and live in PA. Recently accepted a 100% remote non-legal role for a national org based in CA but does business in all states. No lawyers in house. Recently, they casually asked me to review and suggest language in govt contracts. Should I tell them I can't or possible opportunity to renegotiate a legal role in house but with CA license?

like

Tips to bill more when there isn’t a lot of work coming in? I’ve asked for more work, but feel like no matter what I do I’m not billing many hours/not capturing time. Trying to maximize my value.

like

Has anyone made the switch from firm life to 1099? If so, what benefits and drawbacks have you experienced with the move?

like

Looking for tips on how to manage attorney employees. How to ensure that they take me serious and not see me as an admin. I am an operations manager at a midsize firm. Although I’m in my thirties, I look very young and I get the sense that many tend to view me like their teenage daughter. I’ve found that having an authoritarian management style helps but it does not feel genuine.

like

Is there any PR issues incorporating/organizing a law firm in DE? If the principal place of business may be elsewhere? Attroneys are licensed in all states that they will practice in. No attroneys are licensed in DE.

like

@Europeans - Brexit. Did your firm move staff and EU-related practices from London to Brussels/Frankfurt/etc.?

like

I took adderall while I was studying for the bar and it really helped. I don’t have a prescription but am wondering if this likely means I have undiagnosed ADHD but don’t know how to bring this up to my doctor. I definitely have trouble focusing in general and have always been pretty dozey/aloof but have somehow gotten by and am now a third year associate who is doing okay without it. Do you think getting Aderall could help even though I’m doing fine? Maybe I’ll go from good associate to great

like

My firm has a collections budget (80% of your billable rate x 1850 hours) and an hourly budget that must be met in order to be eligible for a bonus. The firm cares very little about originations and will reward someone for making their collections over someone who brings in new work. I missed my collection budget due to some odd timing with a client, but originated more than all my peers so no bonus for me. I’ve been at this same mid level firm for 9 years and it’s all I know. Is this normal??

like

Looking to make a move. Working with two different recruiters (I reached out to 1, the other reached out to me). Each ask what else I have in the pipeline? Do I tell them abt other firms Ive met with?

like

Having my weekly crisis here. I feel like I’ve ruined my career by doing insurance defense at the same firm for 8 years. I’ve been aggressively job hunting for six months in this state, I previously took the bar in another state and was job hunting there for over a year. I haven’t had anything come up. The only options seem to be the miserable sweatshop ID shops everyone says to steer clear from. Thinking about a career change to selling cars so I can make more money. Really having a meltdown

likefunny

6th year litigation associate here. Every recruiter tries to scare me into thinking I’m unhireable after next year. Who has lateraled as an 8+ year, where to, and how long till you got promoted after?

like

Small firm: boss, myself, paralegal. Paralegal’s family lends paralegal $ for a transaction. Paralegal pays it before other party holds up their end of deal. Paralegal needs $ because family needs it back & think she still has it since deal isn’t done. I let paralegal borrow money (cover my a** with documentation). First payment is weeks late and only made on demand. Month 2 not paid. Month 3 is overdue a few days. Should I file suit? Loop in my boss? Other options? It’s 2/3 my total savings.

likehelpful

Any suggestions on starting to learn the basics of commercial contract work when it’s totally outside of your practice area but desired for certain in-house positions? Will CLEs help prove my interest?

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

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

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