Is GT known for being cheap? Aside from comp.

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Yes. “Meritocracy” when it comes to comp and bonus. Don’t even think they gave us a tech budget when Covid started.

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A7 - yeah. One of the reasons why I left. They kept jabbering about being a family but whenever anything comp related came up - it was all “meritocracy.”

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One positive item - they pay origination to associates.

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percentage of collections^

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Yes. Extremely cheap. The absolute bare minimum. Expect no frills and the oldest of equipment.

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Ok. Lmao that’s horrible

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Yes. TTT firm.

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^all above, but they can move into a new high rise building in NYC, One Vanderbilt, to make sure you have reason to come into the office!

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Correct, however no one goes to the office, very WFH friendly because they have to be.

Adding another comment- general consensus amongst staff and attorneys is that the health care benes are expensive and bad. Luckily I’m on my wife’s plans so not an issue.

Also, they don’t match 401k contributions. At a mid&sr associate retreat in 19, the partner in charge of professional development was asked and basically said the firm didn’t know if they could make matching contributions. I don’t know Brad, maybe ask your E&B group?!?!?

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My firm said they don't match 401k bc they need the money to retain "better" associates

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GT would do anything to find money anywhere and put it in the shareholders’ own pockets. The black box comp system also gives rise to a lot of gender/race-based discrimination

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NY, Chicago, Miami (and maybe DC) are market. Everywhere else is a black box..

Yes

Yes.

Related: anyone know the standard procedure(s) and timeline(s) for lateral hires at GT? Specifically, how soon after the last call back before pressing about the status of my app?

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