Why do we choose big law?
1. Just the money?
2. Where does it lead to that a mid-law/boutique can’t in larger scheme - WLB, decent pay, time/space to build your own.

A lot many practice groups I see don’t lead to partnerships and a bunch on juniors to mids are culled out. Some who reach seniority aren’t secure nor exhibit partner level qualities/skills. Some who make counsel are either there because they’re held back or not fit to be a face/don’t have BD skills.

Back to the questions above.

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For me: 1. The money (repaying student loans). 2. It's a commoditized, brand name for resume purposes (like Accounting grads going a to Big 4 accounting firm for 2-3 years). 3. Related to #2, the in-house exit options it sets me up for.

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Money isn’t even that great until partnership, which is often a mirage. So I guess the answer is that we didn’t like math and chose the next best option. Some of us also like the job.

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I went to a boutique first cuz I knew I would burn out so quick at BL. But because of how my practice area works, it was hard to get enough substantive exposure to work in a way that would help me reach my career goals (policy or teaching). The boutique did lots of sophisticated work, but it did not give me the big picture view. At a V50 now and really liking the training and exposure so far. The plan is to learn everything I can, pay off loans, and bounce without completely burning out.

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I went big law for the money to pay off loans and to make connections to eventually go in house. So I can’t complain

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BigLaw used to have a stronger advantage in resources and work quality. With AI, platforms that provide decent templates, and data sites analyzing market terms, plus the rising fees, that advantage is diminishing.

smart

Agree with @A2. A vast majority of BL simply does not justify ATH fees and clients are going to vote with their feet. Wachtell on the other hand can charge $$$$$ (% of deal value) and clients will pay it (vague billing entries and all)

smart

Money until I cant stand it anymore than in-house.

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The money and the (in-house) exits.

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I like the work. Money is nice but I don’t really need it (I’m cheap as hell). But I genuinely love the work.

And young partners? How much do you/they end up making? The majority of PPEP goes to the top layer.

If you are at a V10, you are making a lot as a new equity partner ($1.5-3m) and it can ramp to $4-6m fairly quickly. Getting above that is a lot harder, but I don’t think anyone is crying for someone in that position.

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Mid-law/boutiques don’t get to work on cases this big

Associates typically start getting first chair roles in disputes around 3rd or 4th year, even in front page cases. Partners will be handling the most visible/important stuff (major arguments, opening statements, etc.).

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