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So Midlaw has less with ridiculously unrealistic clients...
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Date: June 12th, 2012 10:19 PM Author: Balding Boyish Regret With unrealistic expectations where every deal is a crazy fire drill? I would take a $75k a year pay cut just for that. (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20877132) |
Date: June 12th, 2012 10:23 PM Author: Lavender stead multi-billionaire midlaw has its own set of problems. it fucking sucks how cheap the clients can be. so fucking annoying to have them call every month bitching about a few padded hours. and partners often still turn shit into fire drills even if the clients themselves aren't as demanding (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20877182) |
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Date: June 12th, 2012 10:26 PM Author: bronze theater stage my V15 is the same way.
fuck i dont want to do this anymore. |
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Date: June 12th, 2012 10:28 PM Author: Lavender stead multi-billionaire me either breh. i wish i knew how to do something else marketable (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20877227) |
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Date: June 12th, 2012 10:29 PM Author: poppy hairy legs idea he suggested you must have picked a bad one. My midlaw firm people go home at like 530-6 PM, lots of long business lunches, and we work on the weekend like 3-4 times a year (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20877238) |
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Date: June 12th, 2012 10:32 PM Author: Lavender stead multi-billionaire im not sure if the entire firm is bad, but the two partners i do most of my work for are pricks. no one in my group takes long lunches. everyone just grabs something in like 15 min and gets back to billing. (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20877264) |
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Date: June 13th, 2012 12:03 AM Author: Balding Boyish Regret how much does your midlaw firm pay? (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20878001) |
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Date: June 19th, 2012 6:14 PM Author: thirsty opaque community account step-uncle's house troof (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20916497) |
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Date: June 12th, 2012 10:44 PM Author: dashing boistinker athletic conference Midlaw problems:
1) Rate-sensitive clients
2) Less sophisticated clients want more contact and "hand-holding"
3) As an associate it's difficult to rise up and become a partner unless you can develop business for the firm. In biglaw there are ways to stay on without having to be your own rainmaker. |
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Date: June 12th, 2012 10:45 PM Author: poppy hairy legs idea he suggested (guy who thinks it's harder to make partner at midlaw than biglaw). lol. (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20877358) |
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Date: June 12th, 2012 11:17 PM Author: Lavender stead multi-billionaire he didn't say that. he said there's less pressure to develop own business. (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20877575) |
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Date: June 12th, 2012 11:04 PM Author: Electric saffron yarmulke #1 especially
don't agree with 3 tho |
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Date: June 13th, 2012 12:04 AM Author: Balding Boyish Regret I understand 1....2 would be nice...it would be nice to be smarter than my clients. (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20878006) |
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Date: June 13th, 2012 12:06 AM Author: Gaped Obsidian Hospital 2 is annoying as fuck. Smart people are much easier to deal with. (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20878019) |
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Date: June 13th, 2012 12:08 AM Author: Balding Boyish Regret I don't want to deal with retards, but it would be fun to feel like i'm really adding value and i'm not just a scribe for what intricate structures and deals my smart and shit clients already came up with. (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20878031) |
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Date: June 19th, 2012 5:06 PM Author: Sooty juggernaut True. However, if you are an entrepreneurial/salesy type number 3 might be sort of positive because in midlaw you might actually have a chance at bringing in business. (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20916050) |
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Date: June 19th, 2012 5:40 PM Author: Gay Locus a credited post.
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Date: June 19th, 2012 3:41 PM Author: Balding Boyish Regret So it looks more and more likely that I might do this.
Sounds like people are bill about 1800 at this firm realistically, maybe a little more. I am surely going to keep billing 2200-2300 at my current biglaw firm, and that assumes that I have to reject work all of the time.
It would be a 75k pay cut on base salary, but IF I billed the same hours as my current firm (which I wouldn't plan on doing), I would have a guaranteed bonus (assuming I stayed) that would more than make up for it.
Any more thoughts. |
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Date: June 19th, 2012 5:02 PM Author: Frum spectacular becky I think you also have a subset within MidLaw that consists of boutique law. I work at a boutique lawfirm that pays (midlaw-ish wages--about $110-125), and the clients here are not stupid or too cost sensitive. Most of the partners here are former BigLaw partners, and they work with clients similar to the ones that I worked with in BigLaw. I guess the benefit is that overall my billing rate is lower than BigLaw, but the associates (former Biglaw associates) are familiar enough with the practice area that there is no "training period." The work is not nearly as sophisticated, but who is really in law because they want to work on sophisticated matters? On an hourly basis, I probably make as much as I did in BigLaw. (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20916029) |
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Date: June 19th, 2012 5:13 PM Author: Balding Boyish Regret yeah, this is "boutique". All of the lawyers have at least 6 years of experience, starting pay is like $180k base and everyone has a former biglaw/top school pedigree.
I don't need the training. I have been billing 2200+ hours for 7 years. I am well trained.
And yes, billing rates are about 30% lower than biglaw....which should make it easier to get clients. |
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Date: June 19th, 2012 5:03 PM Author: Sooty juggernaut Yes. On the other hand, they don't want to spend money on legal fees for shit. (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20916038) |
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Date: June 19th, 2012 5:15 PM Author: Balding Boyish Regret yeah, this is my concern, although in my practice area we wouldn't be negotiating copier leases or anything. we are kind of a necessary part of the process...but yes I do worry most about tightwad clients that make billing 1800 hours seem like 2100. (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20916117) |
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Date: June 19th, 2012 5:06 PM Author: swollen vibrant twinkling uncleanness 75k pay cut = midlaw paying only 90k? (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20916048) |
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Date: June 19th, 2012 5:14 PM Author: Balding Boyish Regret I'm a 7th year associate. I make $265k base.
It is funny that no one realizes that biglaw salaries go up a ton as you move up. They just look at first year salaries and just calculate everything from there. |
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Date: June 19th, 2012 5:20 PM Author: swollen vibrant twinkling uncleanness 190k midlaw aint that bad. i would do that for the less hours. is it that much of a difference after taxes anyways? (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20916157) |
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Date: June 19th, 2012 5:21 PM Author: Balding Boyish Regret After taxes, it is like 35k a year base....but this place has guaranteed bonuses after you meet a certain very low hours threshold, so if I were to bill similar hours to my current job I would make the same money....which I do not plan to do. (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20916166) |
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Date: June 19th, 2012 5:23 PM Author: swollen vibrant twinkling uncleanness sounds like a no brainer then (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20916190) |
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Date: June 19th, 2012 5:25 PM Author: Balding Boyish Regret well, that is like $3k a month. It will cut my monthly savings in half. (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20916209) |
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Date: June 19th, 2012 5:07 PM Author: Buck-toothed antidepressant drug filthpig sounds good for a law gig if you only have to bill 1800 but why not just go in-house and not bill ever again while getting paid about high-100s at your level and low-mid $200k with bonus?
the billing and the service-oriented nature of law firm work is annoying as hell. |
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Date: June 19th, 2012 5:08 PM Author: swollen vibrant twinkling uncleanness y dont u do this? o cause no one wants u (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20916060) |
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Date: June 19th, 2012 5:11 PM Author: Balding Boyish Regret Um, those type of inhouse jobs are not that easy to find, and if you do find them, you are often competing with lots of junior biglaw partners that want out...and the majority of the ones I am aware of that pay that much usually involve similar hours.
I agree, but I think I have maxed out on biglaw and can't wait anymore for the perfect 9-5 inhouse job.
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Date: June 19th, 2012 5:11 PM Author: swollen vibrant twinkling uncleanness how long have u been in biglaw? age? (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20916083) |
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Date: June 19th, 2012 5:14 PM Author: Balding Boyish Regret 7 years. earlyish 30's. (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20916108) |
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Date: June 19th, 2012 5:17 PM Author: Irate senate fanboi single? (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20916132) |
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Date: June 19th, 2012 5:17 PM Author: Balding Boyish Regret nope (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20916137) |
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Date: June 19th, 2012 5:18 PM Author: Irate senate fanboi howd u meet gf/wife (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20916143) |
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Date: June 19th, 2012 5:20 PM Author: Balding Boyish Regret about 10 years ago right after college (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20916158) |
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Date: June 19th, 2012 5:26 PM Author: Irate senate fanboi how r u not bored with her already (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20916213) |
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Date: June 19th, 2012 5:32 PM Author: Balding Boyish Regret she is pretty entertaining (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20916258) |
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Date: June 19th, 2012 5:53 PM Author: Irate senate fanboi describe her (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20916378) |
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Date: June 19th, 2012 6:08 PM Author: Irate senate fanboi (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20916464) |
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Date: June 19th, 2012 5:18 PM Author: Adventurous Boiling Water Water Buffalo 9-5pm does not exist unless you work for the post office or some similar government welfare program. Even in bottom of the barrel shitlaw the hours are bad. (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20916141) |
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Date: June 19th, 2012 5:19 PM Author: Balding Boyish Regret right. I don't expect to work 9-5k anywhere for $200k+...but this I am sure would be a huge lifestyle improvement. People really don't seem to work late weekday nights or weekends very often, while I do basically every weekday night or weekend....clients aren't crazy like my current clients. (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20916151) |
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Date: June 19th, 2012 5:21 PM Author: swollen vibrant twinkling uncleanness u work every weekend as a 7th year biglaw associate? flame bro (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20916165) |
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Date: June 19th, 2012 5:23 PM Author: Balding Boyish Regret Probably exaggeration, but at least one day a weekend I am working a full day if you average it all out.
But in any instance, what do you think senior associates are doing....just delegating to juniors from the bberry? Seniors are the biggest workhourses/moneymakers in the firm. My life was much better when I was an idiot junior/midlevel with no responsibility. |
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Date: June 19th, 2012 5:26 PM Author: swollen vibrant twinkling uncleanness thats seems to be true only if ur one of the chosen ones. but since ur not on an equity partnership track, u can slack off easily. (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20916216) |
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Date: June 19th, 2012 5:33 PM Author: Balding Boyish Regret there are no different tracks....I probably won't make partner, but they surely aren't treating anyone any differently. (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20916263) |
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Date: June 19th, 2012 5:37 PM Author: Pontificating useless brakes people really don't realize how much harder it is being a senior than a junior/midlevel. you have WAY more responsibility, and there is a lot more going on behind the scenes than juniors realize. (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20916286) |
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Date: June 19th, 2012 5:26 PM Author: 180 people who are hurt what you think it gets easier?
the junior partners probably have it the worst, after midlevels, then probably the senior associates 7th and 8th years, then midlevel partners, then juniors, then senior partners |
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Date: June 19th, 2012 5:34 PM Author: Adventurous Boiling Water Water Buffalo Junior partners get to turn down shit cases they don't want to work. Senior associates can't turn down shit. That's pretty much the only distinction. (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20916269) |
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Date: June 19th, 2012 5:34 PM Author: Balding Boyish Regret yeah, what makes being a senior associate the worst (especially a younger senior associate) is that you are expected to lead deals, but all you have are a bunch of incompetent juniors and lower midlevels to help you. Most of the time it is easier just to do it myself.
At least junior partners have me, who knows what they are doing, to handle the deal. |
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Date: June 19th, 2012 5:38 PM Author: Pontificating useless brakes lol, being a senior partner is not that easy bro. (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#20916293) |
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Date: July 23rd, 2020 12:21 AM Author: chocolate gas station nibblets (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#40647633) |
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Date: July 23rd, 2020 12:26 AM Author: duck-like tan boltzmann I was like, wow, this is a really good substantive discussion of midlaw. Then I saw the dates. (http://www.autoadmit.com/thread.php?thread_id=1969450&forum_id=2#40647645) |