lawgrunt
New York, NY
Male, 32
I am a 2nd year associate in the corporate department of an elite law firm in New York, NY. The bulk of my practice is grunt work on corporate transactions like IPOs, mergers & acquisitions, financing. I’ve also some work in derivatives, negotiating contracts between hedge funds and broker-dealers.
For the uninitiated, “up or out” essentially refers to a policy whereby a lawyer can either be on a “partnership track”, or he’d be asked by the firm to leave. In other words, at some firms, management will tell you “Hey, partnership probably isn’t in your future at this place, but we think you do good work, and you’re welcome to stay on as a Senior Counsel”, whereas at other firms, if they determine that you’re not partnership material, you’ll just be let go. It would probably be hard to quantify how many firms have that policy, since it’s not something that’s publicly discussed. Some firms have reputation as “up or out”-type places, but they seem to be the exception rather than the rule.
Share Answer: 
Ha! A good question, but not one that has an easy answer. I *wish* every State made it a priority to produce a "layman's guide to understanding the law" that could be understood by anybody. Some do a better job than others, but unfortunately the law can be big and complex...and it simply doesn't lend itself to bite-sized Cliffs Notes.
So I'm going to give a pretty lame answer, but it's what I'd do in your shoes: try a bunch of different Google searches. Yours seems to be a pretty targeted and specific question (which is good). Google can surprise you sometimes: i just ran a search for Musicians age to play in bars and the first page of results was chalk full of relevant sites, like this one or this one.
I don't know what State you're in but you'd be surprised what a few Google searches can turn up:)
Share Answer: 
I’ve never seen an on-the-spot ‘take this job and shove it’ moment. Junior lawyers (at least at top firms) are way too cowardly for that – not to mention that in this economy we’d be way too scared to quit with 6-figures of law school debt to be paid off. However, take this for what it’s worth: close to 100% of the female associates I’ve talked to have admitted crying in their offices because of work. And that’s not a knock on the ladies: perhaps men simply express their emotions in different ways (or are too proud to admit to shedding tears.) But that number’s not an exaggeration: close to 100%.
Share Answer: 
There are a few lawyer-couples at my firm who met while working here. I don’t think we ever got any official firm message about it during orientation. If we did, it was probably in the vein of “as long as you keep things professional at the office, your personal life is none of our business.” My firm’s pretty laid back like that. There are a few rumors of affairs between married male partners and female associates…I’m guessing that would be frowned upon.
Share Answer: 
Auto Mechanic
Are mechanics more likely to take advantage of female customers than males?
Antiques Dealer
Do you think today's "stuff" will one day be collected as valuable antiques?
Server / Bartender
What's the best tip you ever got?
I’m a corporate lawyer in a pretty bad economy. There just aren’t as many deals happening as there had been in the years before I got here. So my hours aren’t anywhere near the hellish stories you’ve probably heard. I average about 1,700 billable hours / year, which was pretty average among associates in my group (compare that to the 2,800 hours for some of my friends in our insanely busy Bankruptcy practice.) I usually spend a few nights per month at the office after midnight. True all-nighters where I’m still at the office when everyone comes back in the next morning are rare: I think I’ve pulled three of them total, and they’re no fun.
Share Answer: 
To be honest, I'm not sure. Diversity is always good, of course. I can tell you that nearly every major law firm in New York loves to tout their diversity numbers....whether that actually plays a role in hiring decisions I can't say (and I doubt they'd admit to it anyway:)
Share Answer: 
As 1st-years we got a $10,000 bonus, but that was lower than in previous years because of the bad economy. Typical bonuses are probably more like $20,000 / $25,000 / $30,000 for 1st through 3rd year associates respectively. And at some firms, you don’t get your bonus unless you hit your billable hour target which, again, is usually in the 2,000 range.
Share Answer: 
-OR-
Login with Facebook (max 20 characters - letters, numbers, and underscores only. Note that your username is private, and you have the option to choose an alias when asking questions or hosting a Q&A.)
(A valid e-mail address is required. Your e-mail will not be shared with anyone.)
(min 5 characters)
By checking this box, you acknowledge that you have read and agree to Jobstr.com’s Terms and Privacy Policy.
-OR-
Register with Facebook(Don't worry: you'll be able to choose an alias when asking questions or hosting a Q&A.)
Browse Jobs
Host a Q&A
Search
Submit Your Question
Host a Q&A
Last 7
