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I'm new to investing :
2 questions
1 - where should I invest my Deloitte 401k in ? Is the vanguard institutional 500 index trust a good place to just put my 401k and forget about it.
2 - I recently opened a fidelity account and have savings I want to invest and want to invest a small percentage every paycheck without worrying about trading it . What's the safest place to invest in and not worry about it for the next 10 years ? VOO? QQQ?
Deloitte KPMG PwC
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Additional Posts in Texas Big Law & Elite Boutiques
Bowl Leader
Anyone else experiencing pencils down?
Bowl Leader
NRF matched Millbank in TX yesterday
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Honestly very positive vibes overall, there are a couple of NSPs that I think are really crappy to work under but it’s a very large group (especially when you consider that cross-staffing with Austin and Dallas is routine and you also always have the option to work for a non-TX office if you want) so between that and the free market it’s easy to avoid the ones you don’t like.
The office has been consistently busy for 11 years now so there’s basically zero competition for hours/good deals and everyone is guaranteed market bonus no matter how much you bill so that takes the stress down. If you don’t care about making equity you can totally do 2000 a year, even 1800 - it’s only gunners that really need to be concerned with doing more.
We’ve made 1-4 equity partners in M&A every year in Houston for as long as I can remember, which is incredibly high. Odds still aren’t great but it’s about as realistic a shot as you can hope for in BigLaw. The firm is also super supportive of people going in-house and partners will go out of their way to help place you at a client (it’s in their personal interest). If you are really bad and eventually get pushed out it takes a really long time - bad annual review > mid-year review 6 months later > 4 months of full pay/benefits/website time so if you started underperforming at the start of a review year that’s a full 22 months before it catches up to you lol.
There’s also free breakfast/lunch/snacks/barista/booze, gym, and parking. Also RTO is only 3 days a week but even that is barely enforced. The deal at Kirkland is basically bill enough hours and do acceptable work, and you can otherwise do whatever you want.
Feel free to DM me if you have more questions!
Bowl Leader
I’ve had friends in Texas who were explicitly let go for billing 1,800 even though they were explicitly told their work product was good
Good luck. You’re going to be staffed almost immediately. K&E takes a “one Texas” approach, meaning work will come from all Texas. Of course, Houston is the main office, so very likely most of your work will come from there. The personalities are generally good, though I feel like there’s more office politics in Houston. You should be able to stay at 2k if you turn down work, but also consider that turning down people could lead to them not reaching out to you with work.
Boundaries don't exist here, but A1 has highlighted some of the positives. Most of us that are left in my class are miserable, but that's probably not unique to K&E M&A. It's a good resume builder (I guess?). I'll find out when I start applying for in-house roles next year.