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What is realistic comp and career progression at a PE firm exit?

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Given crazy market returns recently, do you still expect the market to rise at 10% over the next 30 years?

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Additional Posts in New York Big Law

If you’re a fourth year in biglaw, what responsibilities are you given in m&a? I feel like I still haven’t had a ton of opportunities working on purchase agreements (and mostly just take the lead on ancillary work streams) and I’m afraid I’m falling behind others in my class year.

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I’m hoping someone might have some ideas about this- I’m currently five years out of law school with a clerkship, a tax LLM, 3 years of experience doing transactional tax work and a few months of EC/VC experience (which I recently switched to from tax). I like the EC/VC work, but I don’t know how long I want to stay in biglaw. Can anyone weigh in on how employers for in-house roles might look at my experience in a year or two?

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I’m a first year associate (almost second year). I work at a national firm and I’m not a litigator. When I started with the firm, I was told I could work out of any office. Long story short, I regret choosing the office that I chose. I’d like to transfer to another office - is that a difficult ask? I’m licensed in the state I’d like to transfer to. I don’t know how to make this request.

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4th year lateral market —
Anyone get asked to complete conflicts prior to a formal offer being extended? Not sure I want to disclose clients before accepting said offer.

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How many hours will you bill this year? If you have ever been spoken to about needing to bring up your hours, how low were they?

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Any insight on Proskauer’s NYC L&E practice group? Good place for associates?

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I think I’m about to get my first experience of getting in trouble with a partner for work that I actually already sent for review and followed up on multiple times (and brought up during calls). Stay tuned… 😑

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White & Case About to lateral into the project finance team of White & Case. Thoughts on the culture / dos and don’ts?

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Curious how compensation works for counsel at top-tier law firms. How much do counsel make? Is it relatively set/lockstep salary, or does it vary significantly based on hours? Do counsel have hours requirements?

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If you are leaving your firm and putting in your two weeks notice, what should be on your checklist to make sure your transition is the smoothest, both for you and for the firm you’re leaving?

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Has a partner ever come back and asked you why you spent so much time on certain things? Im a first year and this hasn’t happened to me at my firm and they tell us not to cut our own time, but my first firm (short stint, small firm) did this to me allll the time and made me feel guilty — so just curious if this has happened to anyone in big law.

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Anybody have any insights into working at Withers Bergman?

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I know this question is somewhat vague and broad but I’ll soon be joining a Banking & Finance team (in BigLaw) as a junior associate. I’d be grateful for any tips on how to thrive in this role. What characteristics make a good junior transactional lawyer?

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Does GDC have a reputation as a good place to work in BL?

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Does anyone know if this is normal? I joined a vault 100 firm in September last year. The firm put me on tier 7. In January I had the associate review and everything was normal. After a couple of weeks, I got the call from the hiring partner telling my bonus and new salary (because of the firm-wide salary increase). I realized I still get paid as a 7 year associate. The partner said because I joined the firm later in the year, it’s normal not to advance in the next year. Is it? Thanks!

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Soliciting ideas for a big closing lunch with clients - near or close to bryant park, my first pick was Gabriel Kreuther but they only do Thurs/Fri lunches (ours would be Tues). Ideas for upscale restaurants appropriate for corporate clients? They said “anything but steak” ha.

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Hey people! Curios, what was your first splurge purchase with your big law money. (Assuming you have student loans, mortgage/rent etc.)

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Foreign LLM student here. I plan to take the NY bar exam in February. I’m thinking of taking a bar prep course (most likely Barbri). They offer two options: the “traditional” course (which lasts around 2.5 months) and an extended 6-month course. The difference in price is substantial – 2.5k for the traditional course vs 6k for the extended one. Any thoughts/recommendations on which one I should take? In case it is helpful, I come from a civil law country. Thanks!

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Is it normal to not get a perfect review? Just curious . Does everyone pretty much get some sort of constructive feedback?

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