just accepted an offer at dechert because i rlly liked the ppl i interviewed with/talked to there. however i am just now finding out about the layoffs?? im now very concerned about getting screwed as a first year in 2027. advice??

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I mean, do you have other options?

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Honestly it’s on them if they refused to give you a reasonable amount of time to consider other offers. I get why they did it but ultimately you can’t let their interests determine your future

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Also liking the people you interview with… Not a terrible way to make a decision without any other information but honestly 50% of those people or more are going to be gone by the time you get there.

Firms also tend to have their nicest and most normal-seeming people do interviews so it’s not necessarily a great indicator that you’d fit in there.

It is better than nothing, and if you don’t interview with nice people that is actually a major negative— basically, if those are the nicest people they can come up with, yikes. But it doesn’t necessarily work the other way, and interviewing with nice people is not a guarantee that you’ll have a good experience. I’m mentioning this because I don’t want you to base your life choice was on something that can often be illusory/marketing.

Oh, also, as someone who does these interviews, no one is going to remember whether you come or not. I know you probably feel that you connected with them but honestly, it’s a very short, small, part of the job that tends to be forgotten very quickly. Just don’t feel like you’re obligated because your interviewers were nice

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2027 is so far away. Base your decision on fit and growth opportunities. I expect every firm you’re interviewing has laid people off in the recent past. You’ll be fine.

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What layoffs are you talking about?

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What type of work are you interested in? Dechert is very good at some things and mediocre at others. They’ve got a very good structured finance practice.

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is this something worth reneging over?

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They switched to a pool system for all incoming first years. Pool system is mandatory for the first two years and divided into transactional and litigation. It's very demanding and incredibly unpopular

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Typically assigned to one group (permanently or for a specific time period, like six months).

I’m at a firm with a pool system and hate it (as a 7th year). Juniors with zero interest in your practice, they don’t know anything, miserable experience for everyone.

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What layoffs? Are you talking about the layoffs that happened few years ago when almost every firm did the same thing?

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