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what is the biglaw model going to look like in 15 years?

the boomers are all holding on and they've pulled the ladder...
Embarrassed to the bone outnumbered genital piercing immigrant
  03/30/23
Yeah tranny sucking coke fiends not getting enough shekels i...
Smoky cerebral area
  03/30/23
this has become a recurring problem since we got a lot of cr...
Embarrassed to the bone outnumbered genital piercing immigrant
  03/30/23
the trailer park crew is a real scourge otb
marvelous fuchsia famous landscape painting
  03/30/23
Because the eunuch crew is doing such a great job
titillating milky menage useless brakes
  03/30/23
...
marvelous fuchsia famous landscape painting
  03/30/23
We should institute an entrance exam and make everyone reapp...
big flatulent whorehouse
  03/30/23
(2x Obama voter that married a gook)
titillating milky menage useless brakes
  03/30/23
(Gay midget cripple who believes he’s “superior&...
big flatulent whorehouse
  03/31/23
180 idea
french resort cuck
  03/30/23
...
french resort cuck
  03/30/23
I'm not a lawyer. What prevents associates with 5-7 years of...
Silver insane corner
  03/30/23
big company with a lot (or even a little) on the line is not...
bossy diverse hell
  03/30/23
nothing, but lawyers are very risk averse and are unlikely...
Embarrassed to the bone outnumbered genital piercing immigrant
  03/30/23
What are the best practice areas for doing something like th...
Hairless overrated school cafeteria gaming laptop
  03/31/23
...
Aromatic Yellow Pozpig Cruise Ship
  03/30/23
At some top firms (V25), there is a mandatory retirement pol...
Brindle potus
  03/30/23
the age requirement was in place at my firm (NOT a v25 - i w...
Embarrassed to the bone outnumbered genital piercing immigrant
  03/30/23
At the firm I was alluding to in my original post, I know fi...
Brindle potus
  03/30/23
This is was less common than it used to be. Not sure any fir...
curious dilemma digit ratio
  03/30/23
at my middling shithouse biglaw firm, i worked for a rainmak...
Embarrassed to the bone outnumbered genital piercing immigrant
  03/30/23
Is 300 hours of your own biz really too much to ask?
boyish rose theatre
  03/30/23
JUST DO find large companies with unionized labor forces who...
marvelous fuchsia famous landscape painting
  03/30/23
...
bossy diverse hell
  03/30/23
...
ocher pit
  03/30/23
...
Vengeful umber selfie
  03/30/23
keep in mind that these firms essentially all have rules in ...
Embarrassed to the bone outnumbered genital piercing immigrant
  03/30/23
Do you ever have a case where you kick the other her side's ...
boyish rose theatre
  03/30/23
what do i have to do with this subthread? and yes i do.
Embarrassed to the bone outnumbered genital piercing immigrant
  03/30/23
Not hard to do if you are outgoing and can read your environ...
Plum Death Wish
  03/30/23
EY will ram through its spin-off transaction. They’ve...
Bateful well-lubricated stage
  03/30/23
seems cr. the current law firm model of labor (in theory) ha...
marvelous fuchsia famous landscape painting
  03/30/23
I’d place a gigantic wager on this outcome by going ba...
Bateful well-lubricated stage
  03/30/23
The timeline will be shorter and it will all be driven by th...
big flatulent whorehouse
  03/30/23
...
ocher pit
  03/30/23
The set up was spot on but your conclusion is retarded. F50...
big flatulent whorehouse
  03/30/23
"F500 companies won't buy office equipment from compani...
marvelous fuchsia famous landscape painting
  03/30/23
You are smart enough to think of some differences between la...
big flatulent whorehouse
  03/30/23
whoa, yet another cost with negligible tangible added value ...
marvelous fuchsia famous landscape painting
  03/30/23
My conclusion was a bit glib and perfunctory. I didn’...
Bateful well-lubricated stage
  03/30/23
Fully agreed that more low stakes and rote work is going to ...
big flatulent whorehouse
  03/30/23
Lol have u worked with a big 4 on a Deal before?
Sienna adventurous alpha
  03/30/23
Yes of course. The point isn’t whether they are usefu...
big flatulent whorehouse
  03/30/23
What are you smoking? Cravath and S&C aren’t going...
swollen double fault location
  03/31/23
They won’t be first (I would guess it’s the 4000...
big flatulent whorehouse
  03/31/23
This is a fucking dweebish fantasy by some in-house dork. C...
swollen double fault location
  03/31/23
(MAF DLA Piper Of Counsel)
big flatulent whorehouse
  03/31/23
i'm 100% in favor of this because i've decided to find an ex...
Embarrassed to the bone outnumbered genital piercing immigrant
  03/30/23
your prediction about law firm ownership may come true but y...
Heady rebellious cumskin center
  03/30/23
He’s not correct about anything. Highly profitable V50...
swollen double fault location
  03/31/23
OP is totally wrong about the EY connection. A that transact...
Heady rebellious cumskin center
  03/31/23
Why does a law firm need outside capital? What's the case f...
Navy laughsome school hunting ground
  03/30/23
some of these firms are cash cows, man. aren't some of th...
Embarrassed to the bone outnumbered genital piercing immigrant
  03/30/23
Exactly. Typical stupid XO analysis. “This firm that g...
swollen double fault location
  03/31/23
To build a competitive software product/automation platform ...
big flatulent whorehouse
  03/31/23
An Asian 7 with big fake tits and resting bitch face
Stubborn thirsty crackhouse
  03/30/23
You're being pessimistic. There are plenty of people making...
Navy laughsome school hunting ground
  03/30/23
i dunno - it seems like the trend has been to make it harder...
Embarrassed to the bone outnumbered genital piercing immigrant
  03/30/23
Haven't the V50 partner classes been pretty robust these las...
Navy laughsome school hunting ground
  03/30/23
have they? i know that at my biglaw firm (again, v65ish) i w...
Embarrassed to the bone outnumbered genital piercing immigrant
  03/30/23
To pick a random good but not super elite firm, Ropes & ...
Navy laughsome school hunting ground
  03/30/23
my guess would be that they put those 21 people through insa...
Embarrassed to the bone outnumbered genital piercing immigrant
  03/30/23
why would financial firms want to own a law firm instead of ...
Vivacious Spruce Forum Gay Wizard
  03/30/23
Here are some premises: 1. There are still many clients w...
Bipolar Beady-eyed Church Building
  03/30/23
Right. There are tons of big swinging dick Biglaw relations...
Navy laughsome school hunting ground
  03/30/23
tons?
Embarrassed to the bone outnumbered genital piercing immigrant
  03/30/23
I'd say so. In my experience, boomers are getting a bit sid...
Navy laughsome school hunting ground
  03/30/23
Boomers are damn old and unlike our government, most law fir...
Bipolar Beady-eyed Church Building
  03/30/23
this is stupid. you act as though someone taking issue with ...
Embarrassed to the bone outnumbered genital piercing immigrant
  03/30/23
I don't mean to question your experience, and it sounds like...
Navy laughsome school hunting ground
  03/30/23
OUT these firms that aren't elite where service partners wit...
Embarrassed to the bone outnumbered genital piercing immigrant
  03/30/23
I guess I'm not sure what you're saying? You seemed to thin...
Navy laughsome school hunting ground
  03/30/23
wait, what firms are paying service partners seven figures? ...
Embarrassed to the bone outnumbered genital piercing immigrant
  03/30/23
What do you think hourly rates are these days? Senior assoc...
Navy laughsome school hunting ground
  03/30/23
so i now have to ask what your definition of an elite vs non...
Embarrassed to the bone outnumbered genital piercing immigrant
  03/30/23
I think they probably are, although I don't have personal kn...
Navy laughsome school hunting ground
  03/30/23
what in the fuck man.
Embarrassed to the bone outnumbered genital piercing immigrant
  03/30/23
🤷‍♂️ Billing rates have gone way up.
Navy laughsome school hunting ground
  03/30/23
That’s not what I’m saying. People in your posit...
Bipolar Beady-eyed Church Building
  03/30/23
ljl, i would be very happy with $500k. i'm being paid low 3...
Embarrassed to the bone outnumbered genital piercing immigrant
  03/30/23
How are you making low 300s as an allegedly competent mid-ca...
Bipolar Beady-eyed Church Building
  03/31/23
You would be surprised at how many vault ranked biglaw firms...
Embarrassed to the bone outnumbered genital piercing immigrant
  03/31/23
The clients aren’t the same people either (they also h...
big flatulent whorehouse
  03/30/23
Ugh.
ruddy electric native gaping
  03/30/23
I am for you: your firm doesn’t pay enough to make the...
ruddy electric native gaping
  03/30/23
this is all correct, although i really don't kill myself wit...
Embarrassed to the bone outnumbered genital piercing immigrant
  03/30/23
Lawyers are trash.
180 charcoal library volcanic crater
  03/30/23
Get psychiatric help.
swollen double fault location
  03/31/23
No clue but I'm riding this bitch to the bottom
Federal Bearded House
  03/30/23
...
swollen double fault location
  03/31/23
Want to start a law firm with me?
pontificating cracking university
  03/31/23
...
Massive depressive fat ankles
  03/31/23
Making 1m/ year isn’t that appealing if you don’...
flirting candlestick maker property
  03/31/23
You’re failing to see the bigger picture. Biglaw is...
Razzmatazz amber indian lodge generalized bond
  03/31/23
incredibly autistic thread
charismatic buff sound barrier codepig
  03/31/23
(Florida Surgeon General Joseph A. Ladapo)
Embarrassed to the bone outnumbered genital piercing immigrant
  03/31/23
it isn't necessarily your fault, but some of those subthread...
charismatic buff sound barrier codepig
  03/31/23
tell us more how about feel about this pressing issue, Flori...
Embarrassed to the bone outnumbered genital piercing immigrant
  03/31/23


Poast new message in this thread



Reply Favorite

Date: March 30th, 2023 10:51 AM
Author: Embarrassed to the bone outnumbered genital piercing immigrant

the boomers are all holding on and they've pulled the ladder up behind them. each and every year, it gets harder for associates to make partner - at my current firm (not biglaw - national L&E firm, but things were going this direction at my biglaw firm), a necessary criterion to make income partner is now that the associate has around 300 hours of "billing" credit - meaning they have at least 300 hours of their own business. a fucking associate. two senior associates who are regarded as superstars here just left because they aren't going to make it this year.

then you have people like me, i've made partner. i'm very very good at what i do, and clients love me. i just don't know how to go out and get clients that are mine, and i brought a bunch of business with me from biglaw, but it isn't enough by itself to get me put up for equity. so i have stalled out. i will leave.

then everyone, it seems, behind me generationally (by that, i mean the zoomers with jewfro haircuts) has NO interest at all in working all that hard. they have figured out that firms are flame and a boomer scam and most of them do what they need to do to get satisfactory reviews and not get fired, and they will eventually leave.

how are firms going to survive what appears to me to be a generational culture shift where the workers (associates) have figured out that working your ass off and taking shit from jews isn't something that is good to do. i wonder if firms are even thinking about this.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117708)



Reply Favorite

Date: March 30th, 2023 10:54 AM
Author: Smoky cerebral area

Yeah tranny sucking coke fiends not getting enough shekels is a big problem but I think the world will chug along fine for at least a little bit

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117720)



Reply Favorite

Date: March 30th, 2023 11:09 AM
Author: Embarrassed to the bone outnumbered genital piercing immigrant

this has become a recurring problem since we got a lot of cross pollination with stormfront, but you aren't understanding the thread. the thread was not about "the world" in general, but large law firms.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117800)



Reply Favorite

Date: March 30th, 2023 11:10 AM
Author: marvelous fuchsia famous landscape painting

the trailer park crew is a real scourge otb

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117811)



Reply Favorite

Date: March 30th, 2023 11:11 AM
Author: titillating milky menage useless brakes

Because the eunuch crew is doing such a great job

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117818)



Reply Favorite

Date: March 30th, 2023 11:13 AM
Author: marvelous fuchsia famous landscape painting



(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117827)



Reply Favorite

Date: March 30th, 2023 11:20 AM
Author: big flatulent whorehouse

We should institute an entrance exam and make everyone reapply for their logins and monikers. We could dumb it down for the TTT/Non-T14 bros and just make it stuff you would know if you attended law school anywhere for a couple semesters.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117855)



Reply Favorite

Date: March 30th, 2023 11:36 AM
Author: titillating milky menage useless brakes

(2x Obama voter that married a gook)

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117923)



Reply Favorite

Date: March 31st, 2023 1:40 AM
Author: big flatulent whorehouse

(Gay midget cripple who believes he’s “superior”)

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46121979)



Reply Favorite

Date: March 30th, 2023 5:28 PM
Author: french resort cuck

180 idea

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46119672)



Reply Favorite

Date: March 30th, 2023 5:28 PM
Author: french resort cuck



(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46119670)



Reply Favorite

Date: March 30th, 2023 11:00 AM
Author: Silver insane corner

I'm not a lawyer. What prevents associates with 5-7 years of experience under their belts from setting up their own specialized boutiques?

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117755)



Reply Favorite

Date: March 30th, 2023 11:16 AM
Author: bossy diverse hell

big company with a lot (or even a little) on the line is not going to go with some random dipshit

obv people do leave to form smaller firms but their clients change

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117838)



Reply Favorite

Date: March 30th, 2023 11:28 AM
Author: Embarrassed to the bone outnumbered genital piercing immigrant

nothing, but lawyers are very risk averse and are unlikely to do it for that reason alone. it's also generally hard to transition a big firm practice to small law. it's done, but corporations generally want an actual law firm representing them.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117891)



Reply Favorite

Date: March 31st, 2023 12:07 AM
Author: Hairless overrated school cafeteria gaming laptop

What are the best practice areas for doing something like this—I.e., going from firm to starting own boutique

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46121637)



Reply Favorite

Date: March 30th, 2023 11:00 AM
Author: Aromatic Yellow Pozpig Cruise Ship



(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117756)



Reply Favorite

Date: March 30th, 2023 11:14 AM
Author: Brindle potus

At some top firms (V25), there is a mandatory retirement policy at age 60 or so - so your fears wrt boomers pulling up the ladder and holding on for dear life doesn't ring true in all instances.

Some of those same firms have a trial period for income partnership (which is all but assured if you stick around) before the vote for equity partnership takes place where the "partner" will have an opportunity to prove themselves as deserving of the ultimate promotion.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117830)



Reply Favorite

Date: March 30th, 2023 11:30 AM
Author: Embarrassed to the bone outnumbered genital piercing immigrant

the age requirement was in place at my firm (NOT a v25 - i was at a vault 65 or so firm) and they ignored it for booomers with huge books who felt like staying around. total joke.

the way it was at my biglaw firm and now at the L&E firm is that it's just 100% based on your "billable attorney" hours, ie, your book of business. that's all that matters.

i think at truly elite firms, that's not the way it works at all.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117901)



Reply Favorite

Date: March 30th, 2023 12:20 PM
Author: Brindle potus

At the firm I was alluding to in my original post, I know firsthand that a partner who founded one of the most profitable groups at the firm had reached "senior status" and was salty because the firm de-equitized them and was essentially showing them the door.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118118)



Reply Favorite

Date: March 30th, 2023 12:33 PM
Author: curious dilemma digit ratio

This is was less common than it used to be. Not sure any firms actually have this as a hard requirement anymore for partners with big books. Even Cravath has exceptions to mandatory retirement (and now to lockstep comp) after Kirkland etc. stole too many partners.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118172)



Reply Favorite

Date: March 30th, 2023 1:00 PM
Author: Embarrassed to the bone outnumbered genital piercing immigrant

at my middling shithouse biglaw firm, i worked for a rainmaker who has (reportedly) 10-12 million in business. he hit 65 years old and i heard what they did was de-equitize him but put him on a deal where he's still making $3 million or whatever, but instead of it being at risk it's guaranteed.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118344)



Reply Favorite

Date: March 30th, 2023 11:15 AM
Author: boyish rose theatre

Is 300 hours of your own biz really too much to ask?

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117835)



Reply Favorite

Date: March 30th, 2023 11:17 AM
Author: marvelous fuchsia famous landscape painting

JUST DO find large companies with unionized labor forces who need help w negotiations and don't already have a lawyer

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117848)



Reply Favorite

Date: March 30th, 2023 11:23 AM
Author: bossy diverse hell



(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117867)



Reply Favorite

Date: March 30th, 2023 11:26 AM
Author: ocher pit



(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117882)



Reply Favorite

Date: March 30th, 2023 1:33 PM
Author: Vengeful umber selfie



(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118473)



Reply Favorite

Date: March 30th, 2023 11:31 AM
Author: Embarrassed to the bone outnumbered genital piercing immigrant

keep in mind that these firms essentially all have rules in place that prohibit associates from independently doing shit, because everything has to be supervised.

so i'm not really sure how associates are supposed to land clients.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117903)



Reply Favorite

Date: March 30th, 2023 12:11 PM
Author: boyish rose theatre

Do you ever have a case where you kick the other her side's ass and they call you next time they have an issue?

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118078)



Reply Favorite

Date: March 30th, 2023 12:24 PM
Author: Embarrassed to the bone outnumbered genital piercing immigrant

what do i have to do with this subthread? and yes i do.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118132)



Reply Favorite

Date: March 30th, 2023 4:46 PM
Author: Plum Death Wish

Not hard to do if you are outgoing and can read your environment to find out where to get business.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46119527)



Reply Favorite

Date: March 30th, 2023 11:18 AM
Author: Bateful well-lubricated stage

EY will ram through its spin-off transaction. They’ve been giving Boomer/Gen X partners the hard sell on “generational wealth” for awhile now and in the next few weeks will hammer out the final deal. The other B4 will see the opportunity to cash in and follow suit.

Following an uncomfortable summer in the beach towns and at the country clubs with lowly accountants suddenly having more money, the ladder-pulling Big Law partners will see the need to complete their work and complete the transformation of law from a profession into a business. They’ll band together and make it allowable for law firm equity to be held by non lawyers. Banks and PE will buy, strip mine, and/or absorb the big firms that they use and will turn the rest of the legal industry into Dollar General.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117851)



Reply Favorite

Date: March 30th, 2023 11:23 AM
Author: marvelous fuchsia famous landscape painting

seems cr. the current law firm model of labor (in theory) having control over labor is entirely enforced by law. 'litigation funding' is already chipping away at this. capital will have its day unless legislators continue to lobby for lawyers, who aren't the nicest/most sympathetic guys

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117868)



Reply Favorite

Date: March 30th, 2023 11:32 AM
Author: Bateful well-lubricated stage

I’d place a gigantic wager on this outcome by going back into a law firm, but the timeline is uncertain. There is active conflict between the last of the aging Boomers who have been in productivity decline for quite some time and the Xers and elder Millennials who are ascendant.

My best guess is the accounting firms work through this transformation over the next 5-10 years and the law firms, given the legal changes required, are closer to 10+ years out from transforming.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117905)



Reply Favorite

Date: March 30th, 2023 11:34 AM
Author: big flatulent whorehouse

The timeline will be shorter and it will all be driven by the software capabilities getting far enough along. These natural language bots are obviously a massive accelerant.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117915)



Reply Favorite

Date: March 30th, 2023 11:28 AM
Author: ocher pit



(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117890)



Reply Favorite

Date: March 30th, 2023 11:28 AM
Author: big flatulent whorehouse

The set up was spot on but your conclusion is retarded. F500 companies won’t buy a Dollar General law firm’s services. The biggest differentiator will be which firms and partners can figure out how to transform their practices from billable hour based to consulting style outcome based engagements. There will be a lot more emphasis on developing proprietary technology eg a bot you run to analyze a company’s entire contracts database and pull up the 100 worst agreements and the median acceptable positions and then writing updated playbooks and contracts intake tools that can quickly analyze a counterparty’s turn of a document and provide a scoring and analysis. The job will become pushing updates based on changes in the law every quarter (or month? Or week?) that are retrospective and highlight where a change in policy brings an existing agreement out of compliance. Same thing for any company that fends off hundreds of similar lawsuits/complaints every year. But for the rest of our careers implementing and maintaining systems like this will be expensive and complex and big 4 firms are the perfect candidates to sell it to big companies and hire partners will client skills to sell and relationship manage.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117893)



Reply Favorite

Date: March 30th, 2023 11:35 AM
Author: marvelous fuchsia famous landscape painting

"F500 companies won't buy office equipment from companies that make things in China", he explained, patiently.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117917)



Reply Favorite

Date: March 30th, 2023 1:00 PM
Author: big flatulent whorehouse

You are smart enough to think of some differences between lawyers and office supplies I bet. It is true that the unique insights and expertise of the Scranton branch’s paper salesman were killed off by globalization, but that’s a little different than the lawyer who negotiates all your mid market contracts or handles your docket of consumer complaints and claims.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118342)



Reply Favorite

Date: March 30th, 2023 2:58 PM
Author: marvelous fuchsia famous landscape painting

whoa, yet another cost with negligible tangible added value that could be handled by high school graduates or foreigners or, I don't know, a regular lawyer who's working for less money with less career mobility with the same esteemed branding, except privately owned?

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118840)



Reply Favorite

Date: March 30th, 2023 11:40 AM
Author: Bateful well-lubricated stage

My conclusion was a bit glib and perfunctory. I didn’t mean financial services, F500s and big transactions would get sent to a Dollar General model. I think that small and regional firms and low-level work could get pushed into that model and that the industry could face consolidation along those lines.

I think the big firms and their brand value might be retained, but that they’ll be held captive by banks etc. who would sell their services alongside their other financial products and services. Imagine Goldman buying SullCrom, taking a discount on their own work, and then selling the rest of the billable capacity to clients alongside GS’s other services.

And I think you’re absolutely right that if the lines between consulting and law erode, the B4 will clean up exactly as you’ve described. I’ve never seen a more relentless sales machine or a levered personell business model quite like a B4 firm.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117935)



Reply Favorite

Date: March 30th, 2023 12:58 PM
Author: big flatulent whorehouse

Fully agreed that more low stakes and rote work is going to vanish and that will pwn smaller firms and young lawyers. Thread topic is the change to the biglaw model and that’s going to be fully gobbled up by Big 4 bc lawyers are horrible, unimaginative business people and also risk averse pussies.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118330)



Reply Favorite

Date: March 30th, 2023 1:15 PM
Author: Sienna adventurous alpha

Lol have u worked with a big 4 on a Deal before?

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118404)



Reply Favorite

Date: March 30th, 2023 2:18 PM
Author: big flatulent whorehouse

Yes of course. The point isn’t whether they are useful or efficient. The point is whether hiring them to purportedly solve a problem will continue to be something that execs at F500 companies do to insulate themselves when they are afraid to make a decision. Increasingly various legal inputs will feature in those conversations and GCs will be expected to be able to provide those input and put on the same show when they present to the C Suite and senior exec leadership about work their departments are doing.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118645)



Reply Favorite

Date: March 31st, 2023 6:15 AM
Author: swollen double fault location

What are you smoking? Cravath and S&C aren’t going to get “gobbled up” by the big 4.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46122152)



Reply Favorite

Date: March 31st, 2023 12:19 PM
Author: big flatulent whorehouse

They won’t be first (I would guess it’s the 4000 lawyer TTTs like DLA Piper that are raided first) but eventually firms will bleed talent that big 4 will poach, and client preferences will provide further inducement to move assuming big firms won’t just completely overhaul their core business model rapidly. But if and when F500 customers reach a tipping point of pushing back on/rejecting billable hour fee arrangements then any firm that hasn’t adapted will be fucked and it could definitely be a husk of cravath or S&C or another super prestigious firm brand that would be in this position one day. That wouldn’t happen for decades, but could easily happen within our lifetimes.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46123144)



Reply Favorite

Date: March 31st, 2023 3:52 PM
Author: swollen double fault location

This is a fucking dweebish fantasy by some in-house dork. Cravath litigators aren't going to be induced to work with shit tier big 4 accounting firms. F500s are *always* going to want the "best of the best" to deal with significant matters.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46124277)



Reply Favorite

Date: March 31st, 2023 4:30 PM
Author: big flatulent whorehouse

(MAF DLA Piper Of Counsel)

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46124467)



Reply Favorite

Date: March 30th, 2023 11:32 AM
Author: Embarrassed to the bone outnumbered genital piercing immigrant

i'm 100% in favor of this because i've decided to find an exit ramp out of law firms. i want to see the whole system burn.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117908)



Reply Favorite

Date: March 30th, 2023 12:25 PM
Author: Heady rebellious cumskin center

your prediction about law firm ownership may come true but you're misinformed about EY. that transaction is very much on the ropes and likely won't happen. Big 4 accounting firms are too massive on a global scale and complex to split up like this. this type of spin off might work better with law firms, which are much, much, much smaller and less complex (i.e., only one business line, legal services)

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118138)



Reply Favorite

Date: March 31st, 2023 6:16 AM
Author: swollen double fault location

He’s not correct about anything. Highly profitable V50 firms aren’t going to let themselves be bought out by accounting firms even if it were allowed.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46122154)



Reply Favorite

Date: March 31st, 2023 3:55 PM
Author: Heady rebellious cumskin center

OP is totally wrong about the EY connection. A that transaction is failing as we speak (being rejected by the US firm) so no the accountants won't have more money as soon as this summer. B even if did go through those payouts wouldn't happen for years, and for the people going to the spun out company, literally for 5-10 years given lockup periods. C the EY transaction is a spin of its consulting division, so any suggestion that this a Big 4 might buy a law firm is retardedly wrong. this is just all retardedly wrong

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46124300)



Reply Favorite

Date: March 30th, 2023 12:27 PM
Author: Navy laughsome school hunting ground

Why does a law firm need outside capital? What's the case for an investor?

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118144)



Reply Favorite

Date: March 30th, 2023 12:38 PM
Author: Embarrassed to the bone outnumbered genital piercing immigrant

some of these firms are cash cows, man.

aren't some of the magic circle firms in the UK publicly traded?

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118209)



Reply Favorite

Date: March 31st, 2023 6:17 AM
Author: swollen double fault location

Exactly. Typical stupid XO analysis. “This firm that generates $3b in pure profit a year for its owners of gonna sell itself to a dreary accounting firm … because.”

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46122156)



Reply Favorite

Date: March 31st, 2023 12:19 PM
Author: big flatulent whorehouse

To build a competitive software product/automation platform and hire sales people, but that won’t happen until big 4 is already drinking many firms milkshakes. The bigger change would be when big 4 gets into the market and starts competing directly.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46123143)



Reply Favorite

Date: March 30th, 2023 11:36 AM
Author: Stubborn thirsty crackhouse

An Asian 7 with big fake tits and resting bitch face

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117925)



Reply Favorite

Date: March 30th, 2023 11:50 AM
Author: Navy laughsome school hunting ground

You're being pessimistic. There are plenty of people making partner at non-super elite firms and pullups down seven figures immediately or within 2-3 years.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46117962)



Reply Favorite

Date: March 30th, 2023 11:58 AM
Author: Embarrassed to the bone outnumbered genital piercing immigrant

i dunno - it seems like the trend has been to make it harder and harder for people to make partner. at the same time, i think the pool of people who want to bother with the partner thing is shrinking and i feel like firms aren't keyed in to that and they have no idea they're making it harder to attain something that people increasingly don't want. so they're repelling the people who do want it by placing hoops and landmines all over the place, and the others left have no intention of sticking around.

i could be wrong, because all i have to go on is my own experience at two firms.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118016)



Reply Favorite

Date: March 30th, 2023 12:00 PM
Author: Navy laughsome school hunting ground

Haven't the V50 partner classes been pretty robust these last few years?

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118021)



Reply Favorite

Date: March 30th, 2023 12:02 PM
Author: Embarrassed to the bone outnumbered genital piercing immigrant

have they? i know that at my biglaw firm (again, v65ish) i was hearing that the year after i made it, they were REALLY clamping down on the requirements - vetting whether there was a real business case, whether the associate had any business, etc. and they're doing that at my current firm (a shithouse national L&E firm).

i suspect my experience is typical of firms generally, but again i could be wrong.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118034)



Reply Favorite

Date: March 30th, 2023 12:10 PM
Author: Navy laughsome school hunting ground

To pick a random good but not super elite firm, Ropes & Gray made 21 partners in 2022.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118074)



Reply Favorite

Date: March 30th, 2023 12:27 PM
Author: Embarrassed to the bone outnumbered genital piercing immigrant

my guess would be that they put those 21 people through insane levels of scrutiny that they wouldn't have put those 21 people through 10-15 years ago.

i don't think this has started to really have an effect yet. they are clamping down on the requirements and thus far they have more people who want to be partner than they have partner slots. but i think that's going to change, and them making it harder and harder to make partner (and thus causing people who are grinders but not really salespeople to say fuck it and go in house) may be something they look back on with regret about a decade from now.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118143)



Reply Favorite

Date: March 30th, 2023 12:39 PM
Author: Vivacious Spruce Forum Gay Wizard

why would financial firms want to own a law firm instead of just gutting it and bringing the elements they need in house? profits for biglaw are a rounding error for the big guys

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118221)



Reply Favorite

Date: March 30th, 2023 12:50 PM
Author: Bipolar Beady-eyed Church Building

Here are some premises:

1. There are still many clients willing to pay top dollar for biglaw advice.

2. These clients are mostly owned by boomer partners

3. Boomers will die or retire at some point

4. After boomers die, client will still want same advice and will need a new relationship partner who gets credit - often at same firm for continuity.

In the interim, younger generations have to suck a lot of boomer cock to get in position and start sharing client credit. If you don’t see this happening in your firm you are very autistic. The people who make partner are the ones that the boomers see as successors.

Yes boomers rose a rising tide of growth and prosperity where this was easier for them. Stop whining and start taking their clients.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118294)



Reply Favorite

Date: March 30th, 2023 12:53 PM
Author: Navy laughsome school hunting ground

Right. There are tons of big swinging dick Biglaw relationship partners in their late 40s, early 50s. Those people aren't boomers.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118305)



Reply Favorite

Date: March 30th, 2023 1:07 PM
Author: Embarrassed to the bone outnumbered genital piercing immigrant

tons?

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118370)



Reply Favorite

Date: March 30th, 2023 1:18 PM
Author: Navy laughsome school hunting ground

I'd say so. In my experience, boomers are getting a bit sidelined in "elder statesman" roles. A lot of the really important partners are older gen x.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118418)



Reply Favorite

Date: March 30th, 2023 1:22 PM
Author: Bipolar Beady-eyed Church Building

Boomers are damn old and unlike our government, most law firms do not let 70-80 year olds hog the spotlight. I don’t like bootlicking 30-50 year old law firm partners either, but I’m not going to sit here and pretend they don’t exist. There is a weird line of millennial complaint: “I should inherit someone’s 7-figure job because I went to the right school, am generally smart polite and competent, and billed enough hours, even though I am autistic and refuse to do the things necessary to get what I allegedly want in the system in which I operate.”

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118425)



Reply Favorite

Date: March 30th, 2023 1:43 PM
Author: Embarrassed to the bone outnumbered genital piercing immigrant

this is stupid. you act as though someone taking issue with firms being an eat what you kill pyramid scheme = someone demanding $1 million a year for nothing.

i think it's a mistake for the big rainmakers not to share SOME of that money with the people who are managing the clients and trying the cases, etc. the rainmakers don't want to spend their time doing that (in many cases, they don't actually even have the skillset to - they're mostly schmoozers). the current way of doing things has worked historically, but i feel we may be getting to a tipping point where things change. but maybe not though.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118505)



Reply Favorite

Date: March 30th, 2023 1:53 PM
Author: Navy laughsome school hunting ground

I don't mean to question your experience, and it sounds like you've had a shitty one, but there are still firms that nobody would describe as elite that make plenty of service partners every year and pay pretty much all of them seven figures within a few years.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118542)



Reply Favorite

Date: March 30th, 2023 2:05 PM
Author: Embarrassed to the bone outnumbered genital piercing immigrant

OUT these firms that aren't elite where service partners with no business are making seven figures after a few years.

also, what you said is completely nonresponsive to what i said. what does that have to do with anything?

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118587)



Reply Favorite

Date: March 30th, 2023 2:07 PM
Author: Navy laughsome school hunting ground

I guess I'm not sure what you're saying? You seemed to think the rainmakers weren't sharing, but service partners making seven figures seems like sharing to me.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118603)



Reply Favorite

Date: March 30th, 2023 2:12 PM
Author: Embarrassed to the bone outnumbered genital piercing immigrant

wait, what firms are paying service partners seven figures? their hourly rates would have to be in the thousands for that to make business sense.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118623)



Reply Favorite

Date: March 30th, 2023 2:17 PM
Author: Navy laughsome school hunting ground

What do you think hourly rates are these days? Senior associates are billed out at over $1000/hour.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118639)



Reply Favorite

Date: March 30th, 2023 2:18 PM
Author: Embarrassed to the bone outnumbered genital piercing immigrant

so i now have to ask what your definition of an elite vs nonelite firm is. senior associates at DLA piper are not being billed out at a grand an hour. or christ, i hope they aren't.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118646)



Reply Favorite

Date: March 30th, 2023 2:21 PM
Author: Navy laughsome school hunting ground

I think they probably are, although I don't have personal knowledge of that.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118663)



Reply Favorite

Date: March 30th, 2023 2:22 PM
Author: Embarrassed to the bone outnumbered genital piercing immigrant

what in the fuck man.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118669)



Reply Favorite

Date: March 30th, 2023 2:51 PM
Author: Navy laughsome school hunting ground

🤷‍♂️

Billing rates have gone way up.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118810)



Reply Favorite

Date: March 30th, 2023 2:06 PM
Author: Bipolar Beady-eyed Church Building

That’s not what I’m saying. People in your position are demanding $1M/year for doing a good job on the work and servicing the client without pushing into rainmaker status. The going rate is $500k. If you don’t like it, you have to either take a chance on starting your own firm or play the politics to get more credit, either by playing nicely with boomers so they anoint you heir or by teaming up with other younger partners and clients to push boomers aside. This is just how it works in a partnership-based service business.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118596)



Reply Favorite

Date: March 30th, 2023 2:15 PM
Author: Embarrassed to the bone outnumbered genital piercing immigrant

ljl, i would be very happy with $500k. i'm being paid low 300s. this is about what i was making as a fifth year partner at a biglaw firm i won't name (rhymes with baker hostetler). i was actually making $350k there but had more tax liability because of the way the firm is set up.

i was one of a number of partners in my group in the same spot - service partner for a huge rainmaker who doesn't really do any work other than calls with clients and trying to get new clients.

i 100% agree you shouldn't expect high six figures or more just because you manage the client and do great work. but they really should be valuing people like me beyond 1/3 of the money the firm collects on us. there are a good number of people like me, and if everyone follows my lead, firms are in for some bad times.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118632)



Reply Favorite

Date: March 31st, 2023 12:00 AM
Author: Bipolar Beady-eyed Church Building

How are you making low 300s as an allegedly competent mid-career service partner? Senior associates make 400+. You should ask for more money now and then switch jobs next time the market is decent.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46121617)



Reply Favorite

Date: March 31st, 2023 12:29 AM
Author: Embarrassed to the bone outnumbered genital piercing immigrant

You would be surprised at how many vault ranked biglaw firms do not pay lockstep. My firm paid market to first years and everything after that was black box, ie, shit pure shit. I think my pay was fairly typical for partners without business, and I was in DC and not some podunk satellite office. And while I’m not dumb enough to out my firm, I will say this: I was a partner at baker hostetler. I was making 350 there, in my fifth year as a partner.

The firm I’m at now is a labor and employment firm, which is miles away from any biglaw firm that pays associates on a lockstep scale. That’s totally irrelevant to this shithole.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46121745)



Reply Favorite

Date: March 30th, 2023 1:04 PM
Author: big flatulent whorehouse

The clients aren’t the same people either (they also have their own boomer leadership that is transitioning out of power) and the expectations of the peer aged elder Gen X-elder millennial successors will determine how the market changes. In general these are people who made their careers by being more tech savvy and data fluent than the boomers and secured their boomer bootlicking positions by feeding the boomers those answers. Guaranteed all of us will need to get much better at constructing and presenting dashboards and translating legal advice and insights into KPIs and the like that will resonate with these brown-nosed strivers.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118359)



Reply Favorite

Date: March 30th, 2023 1:09 PM
Author: ruddy electric native gaping

Ugh.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118380)



Reply Favorite

Date: March 30th, 2023 1:08 PM
Author: ruddy electric native gaping

I am for you: your firm doesn’t pay enough to make the bullshit worth it. You make six figures less than biglaw senior associates yet you actually know stuff. Who wants to sacrifice ages 25-38 when the payoff is $300k/year? That’s just not enough even when you get outside of the highest COL areas. When it’s $1-2M or more, the math is different.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118376)



Reply Favorite

Date: March 30th, 2023 1:38 PM
Author: Embarrassed to the bone outnumbered genital piercing immigrant

this is all correct, although i really don't kill myself with hours. i actually work like 45-50 hours a week (sometimes far less). but it is stressful and i'm starting not to enjoy it, and 300k isn't enough to keep me doing something i no longer feel like doing.

even if i woke up in the morning dreading my job and life, i'd have to consider staying through it for a decade or so if i were making $600k or more. easier to leave at my pay.

of course, i will likely be leaving for a govt job paying 100-175k or in house paying 200-250k. but i'm assuming i won't completely hate those jobs. more importantly, i feel like i can't function here anymore because i feel like i was lied to and left BIGLOL to come here for some shit that hasn't panned out. i'm kind of over this bullshit place.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118487)



Reply Favorite

Date: March 30th, 2023 5:29 PM
Author: 180 charcoal library volcanic crater

Lawyers are trash.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46119675)



Reply Favorite

Date: March 31st, 2023 6:23 AM
Author: swollen double fault location

Get psychiatric help.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46122163)



Reply Favorite

Date: March 30th, 2023 2:02 PM
Author: Federal Bearded House

No clue but I'm riding this bitch to the bottom

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46118574)



Reply Favorite

Date: March 31st, 2023 6:23 AM
Author: swollen double fault location



(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46122164)



Reply Favorite

Date: March 31st, 2023 12:02 AM
Author: pontificating cracking university

Want to start a law firm with me?

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46121620)



Reply Favorite

Date: March 31st, 2023 12:15 AM
Author: Massive depressive fat ankles



(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46121680)



Reply Favorite

Date: March 31st, 2023 6:23 AM
Author: flirting candlestick maker property

Making 1m/ year isn’t that appealing if you don’t have plans to stack that cash and gtfo at age 50 or so

I can’t figure out these boomers who won’t hang it up. They are paying off their ex wives or something ? Just hard wired to work all the time, can’t even enjoy a vacation because they’re emailing about work shit.

Never did biglaw, but am in a practice area where we cross paths with a lot of biglawyers (and have posted here for many years) so I can only surmise what it’s like from the outside .

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46122165)



Reply Favorite

Date: March 31st, 2023 1:07 PM
Author: Razzmatazz amber indian lodge generalized bond

You’re failing to see the bigger picture.

Biglaw is part of a much bigger scheme by banks, consultants, accountants, all sorts of other industries to siphon fees off M&A, cap markets, major litigation, corporate reorgs, bankruptcies, etc. as long as these things exist (and it will), biglaw will be a integral part of it.

Who do you think profits off the failure of SVB, credit suisse?

Biglaw will not fail because it is a small part of a much bigger system all designed to scratch one another’s backs.

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46123379)



Reply Favorite

Date: March 31st, 2023 3:46 PM
Author: charismatic buff sound barrier codepig

incredibly autistic thread

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46124250)



Reply Favorite

Date: March 31st, 2023 3:58 PM
Author: Embarrassed to the bone outnumbered genital piercing immigrant

(Florida Surgeon General Joseph A. Ladapo)

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46124312)



Reply Favorite

Date: March 31st, 2023 4:14 PM
Author: charismatic buff sound barrier codepig

it isn't necessarily your fault, but some of those subthreads up there are so drenched with aspergers that I assure you many of you have nothing to worry about in terms of biglaw partnership

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46124395)



Reply Favorite

Date: March 31st, 2023 4:36 PM
Author: Embarrassed to the bone outnumbered genital piercing immigrant

tell us more how about feel about this pressing issue, Florida Surgeon General Joseph A. Ladapo

(http://www.autoadmit.com/thread.php?thread_id=5315593&forum_id=2#46124500)