Rising 7th year here - how much work do you really do on credit agreements, vs. the partner doing the heavy lifting on it, and you keeping track of everything and running with the ancillaries and the closing?

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

Rising 1st year on a lender side deal where I’m the only associate. Luckily partner is reviewing credit agreement and opinion and I’m handling everything else. Welcome to a world where all the seniors have jumped ship.

funnylike

Rising 8th year. I do all of the credit agreements myself. Partners get involved only when I need back up or there are issues.

Rising 6th year. For me, it depends on the partners. I work with one partner who works on the credit agmt with me (and also likes to check in on process, though he doesn’t run it or anything). Some are more hands off. I really think it varies (I would have thought it would be 100% the associate, but that’s not what I’ve seen). At a v20, for what it’s worth

6th. Partner reviews my draft CA (if there wasnt a midlevel to draft) and usually the first markup pretty closely but otherwise hands off. I mostly delegate process to mids re ancillaries and closing and lightly supervise. A 3rd year can checklist push fine.

I typically do the initial draft, partner reviews and comments, I turn changes from both partner and other side. Partner will lead the negotiations and discussions with client and other side with occasional input from me. I generally run almost everything else but can ask for help on certain things as needed. Occasionally I have a junior who will help on checklists, signature pages, and the ancillary stuff.

Rising 7th but it’s been this way since I was a 3rd/4th year

like

Related Posts

I've just 12 hrs to think about this -- Oracle or Freecharge ?? Work profile with Oracle is development of oracle jet framework and with Freecharge merchant app with freecharge Please help yaaro

Any daycare recommendations in Arlington or Falls Church for infant? Currently on waitlists for several Bright Horizons but would love to hear experiences of other places! (Good or bad.)

Hi all, could you please help me with in-hand salary for below mentioned structure.
YOE-4.5 years.
Basic is very low I know :( Tata Consultancy Infosys Amazon Accenture IBM Cognizant

Post Photo
like

Anyone else consider leaving after their first week, or was that just me?

likehelpful

Anyone know what a second year IB analyst pays at Scotiabank in Toronto? Not headline news like it is in the US unfortunately

like

What's the play on updating LinkedIn when accepting a new job? Keep everything as is until the trial period is over or update right away?

like

Has anyone ever been pushed out after billing over 2400 hours?

like

Can someone link the discount code spreadsheet?

like

Anyone know of Sr. AD openings in NYC. Agency or in-house

LTI hiring below ORACLE roles and plz dm me for referral

Post Photo
like

Question on Coinbase transaction- when I buy or sell, does it take the price at that very moment? Any transaction charges?

like

Any Indian Christians here?

Please can anyone from Disney assist with a referral

like

Hi all,

Looking for a 2bhk fully furnished flat nearby kharadi area/ viman nagar.
Any leads would be highly appreciated.

Publicis Sapient has been blending the two for years. Interestingly enough they are unwinding that now as part of Publicis Group. It’s a major culture clash that took years to overcome.

like

How long it takes to get the technical interview result?

like

As I'm getting very less salary, What is the salary for Data Analyst as per market trend?

yoe : 2.8+
cctc : 2.28

like

Im on NP and I got offer of 10.5 fixed from Publicis sapient for Selenium Automation tester role, my current organization trying to retain me and they are offering 9.3 fixed + 1.5lak retention bonus but my role is Manual testing, shall I take back my papers or join sapient???

What does Citi bank offer to an IIT Bombay fresher for a risk analyst role Citi

like

I want to sit on somebody’s face from this bowl and rapture their hypothalamus. Goodnight 💤

funnylike

Additional Posts in Big Law

If you received a bar stipend and left before the end of your first year, did your firm treat the bar stipend amount like a clawback? If so, was it immediately due? Curious to see how other firms handle this

like

(1) What firm allows mega back door Roth 401k? (2) which firm matches 401k contribution and up to what %?

like

Any idea why some big law firms are not on Chambers Associate?

like

Is the lateral market still firing with huge signing bonuses?

like

I love my job and every minute of it!

likefunny

I know this isn’t a “biglaw” firm because it doesn’t pay market, but did anyone else see the insane bonus numbers at 2400 hours for Loeb & Loeb? Is that real? $305k bonus for an 8th year?

like

Have any of you successfully transitioned from staff attorney to Big Law partnership track (or know of someone who did)? What was your experience? How did you do it? How did you start off as a staff attorney in the first place?

like

New associate and our firm is slowly returning to the office. I really like my work from home setup that includes an ultra wide monitor and a another monitor in portrait mode. Would it be frowned upon to replicate this in my office?

like

Any good resume resources? Updating mine just so I have it if needed but not sure if I should put pre-law school work. I worked for 2 years before switching careers

like

What does cap markets involve exactly?

like

Any insight on what a 2012 lateral NEP should expect in the package at a v20? Anything specific to ask for?

like

Who billed the most today?

like

Anyone else just sitting around waiting for the ax to drop? I'm a soon to be 2nd year corporate associate who has seen work completely dry up. My utilization held pretty steady around 50% immediately after shutdown, but August was below 15 billables with no appreciable work in the pipeline. Aside from letting people know I'm available and doing pro-bono/CLE, it's starting to feel like a serious "covidcation" leading to termination.

like

Everytime I work on the weekend I get into some sort of fight with my spouse. Anyone else get annoyed when their spouse constantly asks you when you’ll be done working, or asks how much longer you have to work. It annoys the hell out of me. I don’t want be working on a Sunday anymore than my spouse wants me to be working. But I have to. I don’t need reminded that I am disappointing my family in addition to working on the weekend. Am I alone in thinking this? Am I wrong to get so annoyed?

like

Does anyone have a sense of what Greenberg Traurig is paying associates in Minneapolis?

like

Does anyone know of midsize or regional firms in the Bay Area that offer decent work-life balance without a 60% pay cut from biglaw?

like

If you had (1) a Big Law offer (year four) which would be a step up from your current firm or (2) could go directly in-house (which is your eventual plan), what would you choose to do? Get additional experience with bigger clients or move in-house?

like

The one day I leave early the Chairman of the Firm is in the lobby

likefunny

Had someone lateral into our firm as a fifth year (soon to be sixth). They were kind of a retool and went from small law to the firm I’m at. They are still learning a lot of basic stuff, and I think it’s weird that the firm hired someone at that level as a retool. They sometimes ask me for help with stuff, but I’m just getting annoyed at this point. Can I just say “no” since they’re about to be a mid/senior associate who should know all of this?

like

London: possible to negotiate no/a reduced probation period while lateralling?

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