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Fall Recruiting Open Thread: Vault 71-80 (2009)

comparing.jpgThe Vault 100 march continues! In this series of open threads, we list the firms, and you all discuss their upsides and downsides. We’ll be wrapping this puppy up this week.

Here are the next ten (with prestige scores in parentheses):

71. Nixon Peabody LLP (5.218)
72. Hunton & Williams LLP (5.208)
73. Perkins Coie LLP (5.119)
74. Reed Smith LLP (5.057)
75. Patton Boggs LLP (5.050)
76. Chadbourne & Parke LLP (4.997)
77. Bryan Cave LLP (4.969)
78. Thacher Proffitt & Wood LLP (4.967)
79. Howrey LLP (4.926)
80. Schulte Roth & Zabel LLP (4.910)

Usually, we have fun with the “notable perks” chosen by Vault. But as we move down the list, the perks are becoming distinctly less notable — e.g., gym membership discounts, free parking, and “good views.” Oh well.

You know what to do! Have at it in the comments.

Earlier: Vault 100 Open Threads - 2009

Comments

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1 Posted by guest | Permalink Wednesday, August 27, 2008 5:09 PM

Perkins Coie is the BOMB!!!!!

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2 Posted by guest | Permalink Wednesday, August 27, 2008 5:11 PM

2nd

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3 Posted by guest | Permalink Wednesday, August 27, 2008 5:14 PM

How come TPW is still in the V100? The firm is going out of existence as we speak.

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4 Posted by guest | Permalink Wednesday, August 27, 2008 5:19 PM

How is Shulte Roth not in the Top 50? seriously, bs.

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5 Posted by guest | Permalink Wednesday, August 27, 2008 5:20 PM

Schulte Roth had a good hedge fund practice. But now that's in the toilet. Layoffs rumors swirl.

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6 Posted by guest | Permalink Wednesday, August 27, 2008 5:21 PM

Pseudo-layoffs at Patton Boggs:

http://abovethelaw.com/2008/07/nationwide_layoff_patton_boggs.php

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7 Posted by guest | Permalink Wednesday, August 27, 2008 5:22 PM

only 6/8 people were winners at NP in SF.

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8 Posted by guest | Permalink Wednesday, August 27, 2008 5:23 PM

Seriously 4? SRZ in the top 50? That firm is lucky to be in the top 100.

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9 Posted by guest | Permalink Wednesday, August 27, 2008 5:25 PM

Reed Smith rulz. I can't wait to role out of here a little after 6, per usual.

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10 Posted by guest | Permalink Wednesday, August 27, 2008 5:26 PM

I wish I still worked at TPW.

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11 Posted by guest | Permalink Wednesday, August 27, 2008 5:26 PM

I wish I still worked at TPW.

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12 Posted by guest | Permalink Wednesday, August 27, 2008 5:31 PM

Who needs prestige when you can be a winner?

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13 Posted by guest | Permalink Wednesday, August 27, 2008 5:31 PM

Howrey has a great antitrust litigation practice in DC. I wonder why they're so low.

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14 Posted by guest | Permalink Wednesday, August 27, 2008 5:32 PM

Any info on Nixon?

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15 Posted by guest | Permalink Wednesday, August 27, 2008 5:33 PM

#4-SRZ hires second tier grads from third tier schools. Other than its hedge fund practice, it has no real strengths (and who knows where the hedge fund business is headed). Yes, they have done some interesting M&A deals (GMAC, Chrysler) for Cerberus but that is their only client of note. None of their other practice groups or clients are worth talking about.

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16 Posted by guest | Permalink Wednesday, August 27, 2008 5:33 PM

5:32 - Here is your information on Nixon Peabody (sound file):

http://www.abovethelaw.com/images/NixonPeabody.mp3

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17 Posted by guest | Permalink Wednesday, August 27, 2008 5:34 PM

14 - besides the fact that everyone's a winner there?

Nah.

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18 Posted by guest | Permalink Wednesday, August 27, 2008 5:35 PM

SRZ lower than Nixon? Bryan Cave? TPW? Thats the dumbest thing I have ever heard.

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19 Posted by guest | Permalink Wednesday, August 27, 2008 5:36 PM

Has Howrey instituted its new non-lockstep associate compensation system?

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20 Posted by guest | Permalink Wednesday, August 27, 2008 5:38 PM

Yeah, it must really suck to work at most of these firms. You bill under 2000 and get paid 160 and don't have to deal with jacka**es. Tear.

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21 Posted by guest | Permalink Wednesday, August 27, 2008 5:40 PM

20 - Exactly! AND chances of either making partner or not getting kicked out after seven years are way better than at a v20.

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22 Posted by guest | Permalink Wednesday, August 27, 2008 5:41 PM

What's it like at Bryan Cave? Nixon Peabody? In SF office of NP, specifically. Understood Bryan Cave has like 7 people in SF. Info, please?

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23 Posted by guest | Permalink Wednesday, August 27, 2008 5:43 PM

15, check SRZ on Chambers to see its other #1-ranked departments.

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24 Posted by guest | Permalink Wednesday, August 27, 2008 5:45 PM

Why hasn't ATL reported on Hunton & Williams' closing its Bratislava office earlier this year?

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25 Posted by guest | Permalink Wednesday, August 27, 2008 5:47 PM

Don't have much to say about SRZ, except that their name fits perfectly into the "Knights of the Round Table" song from Holy Grail

"We're Schulte Roth & Zabel
We dance whenever we're able
we do routines
and chorus scenes
with footwork impeccable . . ."

And yes, I mentioned this to my interviewer during OCI many years ago. It was the last interview of the last day, and I already had enough callbacks to stop worrying.

She was not amused :)

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26 Posted by guest | Permalink Wednesday, August 27, 2008 5:47 PM

SRZ doesn't permit it's associates in the real estate group to take fridays off, hence, no weekend trips. Great place to work. If you like dumps.

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27 Posted by guest | Permalink Wednesday, August 27, 2008 5:48 PM

Bryan Cave opened an office in SF in March, with like 8 lawyers, but looking to expand a lot.

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28 Posted by guest | Permalink Wednesday, August 27, 2008 5:48 PM

sullivan and cromwell just sent all of it's call-backees cookies. yum.

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29 Posted by guest | Permalink Wednesday, August 27, 2008 5:51 PM

"sullivan and cromwell just sent all of it's call-backees cookies. yum."

Good story. And highly relevant, too. That's win-win!

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30 Posted by guest | Permalink Wednesday, August 27, 2008 5:54 PM

Hunton's New York office has amazing views from high atop the Met Life building and their space was recently totally renovated.

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31 Posted by guest | Permalink Wednesday, August 27, 2008 5:54 PM

Hunton's New York office has amazing views from high atop the Met Life building and their space was recently totally renovated.

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32 Posted by guest | Permalink Wednesday, August 27, 2008 5:59 PM

Shulte has dazzling views of Third Avenue.

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33 Posted by guest | Permalink Wednesday, August 27, 2008 6:00 PM

Reed Smith is shockingly low for a top firm...

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34 Posted by guest | Permalink Wednesday, August 27, 2008 6:03 PM

30-31, they must have needed money for those renovations...that explains why H&W closed its Bratislava office...

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35 Posted by guest | Permalink Wednesday, August 27, 2008 6:08 PM

These pretzles are making me firsty!

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36 Posted by guest | Permalink Wednesday, August 27, 2008 6:09 PM

Please people get over yourselves. Where would you people put Reed Smith? Schulte Roth? They are within 10 places of where they should be. Trying to claim they are a V50 firm is an uphill battle.

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37 Posted by guest | Permalink Wednesday, August 27, 2008 6:11 PM

Kudos, 25. That story made my day.

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38 Posted by guest | Permalink Wednesday, August 27, 2008 6:12 PM

TPW, should not be in the top 100. It demonstrates that vault is lazy and didn't update some of their rankings.

Reed Smith, didn't even participate in EIW at NYU. They are a good firm but not worthy of a top-80 ranking.

I don't know a single person from NYU who even did a callback with Nixon. Perhaps, they are bigger in Boston.

Why would anyone go to Howrey when they could go to a firm where you actually get automatically promoted each year as opposed to hoping you do at Howrey? They are trying to kill the gold goose.

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39 Posted by guest | Permalink Wednesday, August 27, 2008 6:18 PM

33, Reed Smith isn't known as being "prestigious". How do you define "top firm" - they also don't have high PPP, RPL, or billing rates. I don't even think partners there make a million a year.

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40 Posted by guest | Permalink Wednesday, August 27, 2008 6:23 PM

38 - maybe Howrey's aiming to sign up only associates confident enough to believe they'll get promoted on merit, rather than by default? Of course, some of them will be wrong, but still, seems like a decent winnowing tool in its own right.

37 - glad you liked it :)

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41 Posted by guest | Permalink Wednesday, August 27, 2008 6:23 PM

Anybody working for the lobbying arm of PB? Any insight on hiring and firm life?

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42 Posted by guest | Permalink Wednesday, August 27, 2008 6:27 PM

ATL - I can't believe you let the Law Blog scoop you on the Enzyte ruling. You are the Law Blog's -----.

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43 Posted by guest | Permalink Wednesday, August 27, 2008 6:36 PM

Whatever happened to Randy Savage?

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44 Posted by guest | Permalink Wednesday, August 27, 2008 6:39 PM

You need to have worked on the Hill for a while to get a lobbying job at PB or any law firm in DC.

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45 Posted by guest | Permalink Wednesday, August 27, 2008 6:44 PM

34, Hunton also opened a new San Francisco office.

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46 Posted by guest | Permalink Wednesday, August 27, 2008 6:46 PM

You lost me at firms ranked 11-15.

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47 Posted by guest | Permalink Wednesday, August 27, 2008 6:55 PM

Can you guys give it a rest with the Nixon Peabody song? Yes, it's dreadful, but come up with something new. I mean, the firm's name is this guy: http://en.wikipedia.org/wiki/Image:Nixon_30-0316a.jpg
plus this guy: http://bullwinkle.toonzone.net/peabody.htm

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48 Posted by guest | Permalink Wednesday, August 27, 2008 6:56 PM

Perkins Coie is a great place to work for a young attorney.

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49 Posted by guest | Permalink Wednesday, August 27, 2008 6:58 PM

44,
respectfully, you have no clue as to what you are talking about.

k thx bai

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50 Posted by guest | Permalink Wednesday, August 27, 2008 6:58 PM

48: what if I want to work for an old attorney?

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51 Posted by guest | Permalink Wednesday, August 27, 2008 7:01 PM

I have a question about the smallish Pac Northwest firm of Lane Powell. Hopefully some insiders read this board.

I notice that the firm has quite a few more partners than it does associates. What is the reason for this? Do associates get driven out of the firm because of poor working conditions? What gives?

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52 Posted by guest | Permalink Wednesday, August 27, 2008 7:03 PM

40, that just doesn't make sense. regardless of your confidence level, why go somewhere if there's a chance that you won't be promoted with your class if every other firm guarantees you will be? this is especially true in a tougher economy in which firms are known to let people go suddenly for "performance" reasons.

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53 Posted by guest | Permalink Wednesday, August 27, 2008 7:07 PM

45, it just doesn't make good business sense to me to choose San Francisco over Bratislava. What do people think??

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54 Posted by guest | Permalink Wednesday, August 27, 2008 7:07 PM

40 - maybe Wachtell or Cravath could get away with enforcing merit-promotion and not losing the quality of their associates because those firms are the top of the heap and so, can impose such conditions without substantially losing out on talent.

But why would anyone who has an offer at a better or peer firm without merit-promotion want to go to Howrey and take that risk? The only people that may want to do this are those that really want to practice antitrust in DC and Howrey would have gotten those anyway. In the end, Howrey shoots itself in the foot in recruiting because it only ends up with associates that couldn't get a job at any better or peer firm.

Think of it this way; Harvard College can say that everyone who comes to Harvard has to pass a difficult test to rise in seniority - freshman, sophmore, etc. People will still apply to Harvard and go there in spite of this obstacle because its Harvard. If Pace University does this, then the only people who would go to Pace are those who had community college as their only other option.

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55 Posted by guest | Permalink Wednesday, August 27, 2008 7:09 PM

52: Its probably less likely that you get dumped in a tougher economy if keeping you doesn't require promoting you as well

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56 Posted by guest | Permalink Wednesday, August 27, 2008 7:12 PM

Seriously. Stupid song aside, what's it like at Nixon Peabody?

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57 Posted by guest | Permalink Wednesday, August 27, 2008 7:14 PM

All of these firms = TTT

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58 Posted by guest | Permalink Wednesday, August 27, 2008 7:17 PM

54 - the thing you're missing is that there's upside to go with that downside. I know that where I am, the folks in my department liked my work enough that in my review they talked about bumping my pay up a class year . . . and were promptly smacked down by the firm, because "we just don't do that." (and I have good enough sources to know that they actually fought for it and lost) With Howrey's system, that probably wouldn't have been an issue. I don't know anything about how Howrey actually runs it, but my guess is that if you go to Howrey and are a star, you're likely to be paid significantly more than "market" for your class year.

No, it's not the safe route - but if you're supremely confident in your ability, you might be willing to roll the dice.

Especially since - lets face it - we get paid ridiculously large sums of money as it is, and the "downside" isn't exactly poverty.

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59 Posted by guest | Permalink Wednesday, August 27, 2008 7:18 PM

57 = egotistical prick?

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60 Posted by guest | Permalink Wednesday, August 27, 2008 7:21 PM

How, how, Howrey doing? Reary reary bad.

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61 Posted by guest | Permalink Wednesday, August 27, 2008 7:26 PM

Winner winner Skadden eats Sculte for dinner.

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62 Posted by guest | Permalink Wednesday, August 27, 2008 7:29 PM

I hear Paul T. laid off 15 associates and switched to Dewers to afford the bribe it took to remain top 100. Seriously, isn't TPW circling the drain? Just kidding... about the Dewers...

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63 Posted by guest | Permalink Wednesday, August 27, 2008 7:31 PM

"Anybody working for the lobbying arm of PB? Any insight on hiring and firm life?"

Tough hire, still the best lobbying firm in town. They're mostly looking for former appointees or chief of staff types, rather than LAs and more junior people.

Firm life - Overall good, but its is almost completely dependent on the partners who give you work.

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64 Posted by guest | Permalink Wednesday, August 27, 2008 7:33 PM

Want some more? I'm six tee four!

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65 Posted by guest | Permalink Wednesday, August 27, 2008 7:36 PM

58 - if there is actual upside to this, then I would be able to somewhat understand it. But I'd want to hear about actual cases of class-bumping before I put any faith in anything like that ever happening.

In my opinion, any law student going to a law firm thinking that they're going to be a "star" who will get bumped up in class is someone who is "supremely confident" or as I think, arrogant. As a first year, you just can't know. And let's not forget the fact that this law student is going to a v80 firm, not v5. Either they didn't have the credentials to get a v5 firm job (meaning they're less likely to be a "star", objectively speaking) or they turned down a v5 job to try to be a star at Howrey (not sure this is the smartest thing for one's career especially for someone with a "star" mentality).

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66 Posted by guest | Permalink Wednesday, August 27, 2008 7:41 PM

All the SRZ haters out there are just jealous that their firm's partners dont pull in 2.3+ million. Do you really think partners at SRZ care about the vault rankings. They rank top 10 in PPP and thats all that matters. Suck it :)

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67 Posted by guest | Permalink Wednesday, August 27, 2008 7:44 PM

66 = the 16 year old teenage daughter of a SRZ partner begging for another prada bag.

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68 Posted by guest | Permalink Wednesday, August 27, 2008 7:46 PM

I am planning to work at Cravath, Swaine & Moore for at least for 10+ years and then transfer to Goldman Sachs and work my way up to PARTNER!

Does this seem like a realistic dream to accomplish?

Comments plz

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69 Posted by guest | Permalink Wednesday, August 27, 2008 7:50 PM

66 is either a SRZ partner or a law student who has yet to understand the business model.

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70 Posted by guest | Permalink Wednesday, August 27, 2008 7:54 PM

66, if you're really the 16 year old daughter of a SRZ partner, what are you doing later?

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71 Posted by guest | Permalink Wednesday, August 27, 2008 7:55 PM

I would appreciate all the applicants from Schulte to wipe my ass be sent to my office and not my summer house in East Hampton.

Thank you.

The Ass of Cravath

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72 Posted by guest | Permalink Wednesday, August 27, 2008 8:12 PM

69 - Habitual Masturbator

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73 Posted by guest | Permalink Wednesday, August 27, 2008 8:14 PM

any info on chadbourne?

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74 Posted by guest | Permalink Wednesday, August 27, 2008 8:26 PM

Reed Smith has set a platform for continued movement up Vault's list. They are without a doubt one of the firms to watch over the next five years.

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75 Posted by guest | Permalink Wednesday, August 27, 2008 8:27 PM

Reed Smith has set a platform for continued movement up Vault's list. They are without a doubt one of the firms to watch over the next five years.

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76 Posted by guest | Permalink Wednesday, August 27, 2008 8:27 PM

71 = Epic Fail.

If yu are posting as "The Ass of Cravath", it would be "applicants from Schulte to wipe me", not "to wipe my ass"

You officially suck at teh interwebz.

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77 Posted by guest | Permalink Wednesday, August 27, 2008 8:33 PM

SRZ has a niche (hedge funds and PE) and they exploit it... they were one of the first to do hedge funds and have built out great practices that support that primary function. That is to say tax does phenomenal work, but really specific to hedge funds. Bankruptcy is similar -- good amount of creditor side work given their client base. They don''t do traditional M&A either, they do the private money buyouts and got a Chambers nod in NY for it... Structured products, the same. I can go on and on. Fact is they are fantastic at what they do... if that isn't the world you want to be in, then go to a different place. Even the firm office is somewhat to related to the hedge fund client base. The firm is well managed and hedge funds and private equity aren't going any where... such wealthy people have nothing to do with their money but invest, and so SRZ will continue to be one of the best PPP firms in the country.

And 15... stop hating. SRZ takes top students at lower schools, but does most recruitment from T30 schools. Cerberus is far and away the largest client, but they have a lot of private money and do a lot of deals. Their litigation also has had some interesting representation.

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78 Posted by guest | Permalink Wednesday, August 27, 2008 8:35 PM

76 -- I see you like grammar. I think thats great. I encourage you to pursue whatever endeavor your heart desires. Hopefully that desire is to wipe me ass.

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79 Posted by guest | Permalink Wednesday, August 27, 2008 8:37 PM

Are the offices on Cravath's website really look like that?

If they are, why are you complaining?

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80 Posted by guest | Permalink Wednesday, August 27, 2008 8:37 PM

Are the offices on Cravath's website really look like that?

If they are, why are you complaining?

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81 Posted by guest | Permalink Wednesday, August 27, 2008 8:56 PM

First

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82 Posted by guest | Permalink Wednesday, August 27, 2008 8:57 PM

Cravath has a serious problem with their asses. I wonder if this issue is related to their bedbug infestation. Either way I would not want to work at a place wear no one wipes their ass and have bugs crawling all over them.

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83 Posted by guest | Permalink Wednesday, August 27, 2008 9:02 PM

13,
That is all they do (a little IP lit on the side).

All these firms are TTTs in decline.

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84 Posted by guest | Permalink Wednesday, August 27, 2008 9:19 PM

Damn, you went full retard didn't you?

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85 Posted by guest | Permalink Wednesday, August 27, 2008 9:27 PM

At OCI interviews, I heard that Reed Smith in Philly no-offered 7 of their 16 summers. What gives? And why haven't they been publicly outed yet?

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86 Posted by guest | Permalink Wednesday, August 27, 2008 9:42 PM

Howrey is not moving over to the "merit" salary until January 2009. They still haven't explained any of the details or salary determinations to the associates, probably because they haven't figured it out yet.

Associates are constantly being told that this is not being done to lower salaries, and that the majority of people will see an increase. The truth is that decreasing the transparency of salary determinations is not going to be good for salaries or morale.

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87 Posted by guest | Permalink Wednesday, August 27, 2008 9:55 PM

Agree w/ #86. The truth of the matter is that no one at Howrey has sufficiently figured out enough details to actually implement the plan in January '09.

My guess is that nearly everyone will get what they would have gotten under lockstep, with a handful of "stars" (probably all in IP) making a bit more, and a few of the true underperformers seeing their salaries slashed in the hopes that they take the hint and get lost. In any event, morale is already suffering.

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88 Posted by guest | Permalink Wednesday, August 27, 2008 9:55 PM

Anyone know anything about Chadbourne?`

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89 Posted by guest | Permalink Wednesday, August 27, 2008 9:56 PM

#74-75, why do you say Reed Smith is the one to watch in the next 5 years?

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90 Posted by guest | Permalink Wednesday, August 27, 2008 10:17 PM

Reed Smith is low on this list because until recently they had a very small office in NYC and no office in Chicago. Plus they still have no office in Boston and a fairly small office in DC - thus not a lot of other associates in the big legal markets are aware of them.

But very good firm, with a great client base, and well positioned in Hong Kong and London for future growth. As to the PPP, when a good chunk of your partners live in pittsburgh, $1M/year goes a LONG way.

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91 Posted by guest | Permalink Wednesday, August 27, 2008 10:20 PM

88--Chadbourne & Parke has many bright talented lawyers and some really good people, is a profitable law firm, but it has some significant practice deficiencies, and it is a firm that is figuring out where it needs to be. They have no M&A practice, and the corporate practice feeds largely off of the project finance practice, which is by and far the largest practice group. NY also has a small IP group, a bankruptcy practice, a litigation practice that handle mostly small cases, and some other smaller groups with significant client relationships. In DC, they have a reinsurance practice and a renewable energy project finance practice. That is pretty much it. All of the major growth is largely in the overseas offices, which are booming (e.g. Moscow). The firm tried to do a merger with a second tier firm (primarily to grow the London office) but it failed.

The firm is laregly stagnating, it is not a dynamic place in general and you are better off focusing your efforts elsewhere.

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92 Posted by guest | Permalink Wednesday, August 27, 2008 10:21 PM

lulz, sorry about your tiny pink law firms bro.

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93 Posted by guest | Permalink Wednesday, August 27, 2008 10:40 PM

85,

As someone who received an offer from RS in Philly, I seriously doubt that they no-offered half our summer class. There is absolutely no shortage of work there, so they would be shooting themselves in the foot if they were to have done so.

Incidentally, its a great place to work if you want to be around friendly people and have a life outside the office.

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94 Posted by guest | Permalink Wednesday, August 27, 2008 10:46 PM

Reed Smith perks: great summer stipend (+bar course and test fees); secondment program being pushed to allow associates to work in/with folks in other offices; lots of client exposure if you are a good associate worthy of introducing around; office-specific "loaner" programs where you can go to (in Philly) D.A.'s office for 6 mos, and I believe in some other offices, arrangements exist for loaning out to P.D. or pro bono agencies.

You can also have your own clients and cases as an associate, which some firms will not allow--I have heard of places where you have to let a partner have client responsibility for your business as an associate and trust them to turn it back over to you when you make partner.

Reasonable bonus programs. Rates are pretty high for non-DC/NY/LA/international offices which can make it hard to compete in the other markets (i.e., PGH, PHL, VA, DE).

Firm management is very focused on consistently raising PPP, and has de-equitized a lot of people. There is very little room in the equity tier, and HK transaction cost a lot, which will pinch for a few years to come. But they will do everything legal to keep the numbers rising.

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95 Posted by guest | Permalink Wednesday, August 27, 2008 11:22 PM

71/78 - you apparently missed 76's point, which had nothing to do with grammar. Stick with due diligence; comedy clearly isn't your niche

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96 Posted by guest | Permalink Wednesday, August 27, 2008 11:48 PM

For a relatively young firm, SRZ is quite successful. I'm not very sure why it is criticized so heavily here.

I am a bit puzzled by the praise for Reed Smith. Any experienced midlevel or above can tell you that Reed Smith is subpar. Perhaps the quality of life is great over there and they pay market but if one wishes to develop as an attorney and gain valuable experience, one may wish to look elsewhere. Just some friendly advice.

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97 Posted by guest | Permalink Wednesday, August 27, 2008 11:51 PM

Reed Smith pushes "secondment" because they dont' have the work to keep their rapidly expanded assoicate pool busy - especially in the smaller markets where they are horribly overpriced - that explains the recent Virginia layoffs. They may be the ones to watch, but only for upcoming office closings.

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98 Posted by guest | Permalink Thursday, August 28, 2008 12:08 AM

Alot of the Reed Smith pandering sounds like disguised HR and/or partner talk.

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99 Posted by guest | Permalink Thursday, August 28, 2008 12:14 AM

Chadbourne sucks. almost as much as shearman. almost.

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100 Posted by guest | Permalink Thursday, August 28, 2008 12:43 AM

#96 is wrong and #97 is partially correct.

RS is very good at associate development and a very solid firm. That said, I wouldn't be surprised to see some of the more regional VA or PA offices closed down as they focus on the bigger markets only. I work for the firm but have not heard of any VA layoffs. Which office? Northern Virginia is heavy on real estate so that would not surprise me if true.

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101 Posted by guest | Permalink Thursday, August 28, 2008 1:12 AM

While the Reed Smith Philly numbers aren't as bad as 85 suggests, they definitely aren't as good as 93 thinks they are. If you remove 1Ls from the pool, only 7 of 13 2Ls received offers (1 additional Philly summer was offered a spot in the DE office). The no-offers weren't work product related. Firmwide management restricted the number of offers each office could give and Philly was limited to 7.

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102 Posted by guest | Permalink Thursday, August 28, 2008 1:27 AM

SRZ sure plays their summer program up as if they' are Cravath.. Those kids got EVERYTHING. Oh, and yeah, Randy Savage was the only no offer... I heard it had nothing to do with the ATL story.

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103 Posted by guest | Permalink Thursday, August 28, 2008 3:03 AM

Okay, this Reed Smith PR campaign needs to be stopped right now. How is it any more of a "good firm" than the others in this 71-80 grouping? If 101 is right, and he sounds somewhat credible, no-offering 6 out of 13 SAs in an office for essentially quota reasons is the worst case of screwing over SAs that I've read on ATL. That basically says "we have the worst offer ratio in the legal profession and we have no problem screwing over SAs for the goal of a quota." And yes, I understand economics, but these are not investment banking SAs. Given the "offer tradition" of being a SA at a Biglaw firm, those no-offered SAs have a right to be pissed off at this treatment. They likely turned down offers at other Biglaw firms to go to Reed Smith and in the process, got unfairly screwed, particulary in this economy. There is such a thing as fair expectations in employment based on the custom of your profession. Yes, all law firms have the legal right to diverge from those customs and no-offer a huge percentage of a summer class, but then those employers fully deserve public bashing that comes with it. Did any other law firms pull something as bad as this with regard to SA offers? Who in their right mind would choose to be a SA at Reed Smith next year unless its his/her only offer?

I'm surprised the anonymous ATL cynics and haters haven't started in with a vengeance. Seriously, doesn't no-offering 6 out of 13 SAs for essentially quota reasons deserve its own ATL blog post?

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104 Posted by guest | Permalink Thursday, August 28, 2008 3:16 AM

103: We may wish to wait until we get some credible evidence before judging Reed Smith. I agree with you that 101 sounds somewhat credible but I think I'd need more proof before criticizing the firm.

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105 Posted by guest | Permalink Thursday, August 28, 2008 6:26 AM

Bryan Cave continues to struggle with its place in the market (pay compression, clients not all willing to pay big firm rates). However, it is a nice place to work.

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106 Posted by guest | Permalink Thursday, August 28, 2008 8:01 AM

Let's try again: any thoughts on Nixon Peabody?

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107 Posted by guest | Permalink Thursday, August 28, 2008 8:12 AM

nixon is a quality place i've heared. Most of the places on here are- bryan cave and SRZ. stay away from chadbourne. they are bottom feeder like none other

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108 Posted by guest | Permalink Thursday, August 28, 2008 9:01 AM

106: Everyone's a winner at Nixon Peabody. That's all you need to know.

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109 Posted by guest | Permalink Thursday, August 28, 2008 9:56 AM

Does anyone have any insight into the political law department at Perkins Coie? Specifically I want to know how much time younger associates actually spend on election related projects and how much work from other practice groups they have to find.

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110 Posted by guest | Permalink Thursday, August 28, 2008 10:06 AM

Any Hunton antitrust lawyers on this -- I heard you guys are blowing up lately?

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111 Posted by guest | Permalink Thursday, August 28, 2008 10:06 AM

Any Hunton antitrust lawyers on this -- I heard you guys are blowing up lately? (in a good way)

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112 Posted by guest | Permalink Thursday, August 28, 2008 10:06 AM

Any Hunton antitrust lawyers on this -- I heard you guys are blowing up lately? (in a good way)

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113 Posted by guest | Permalink Thursday, August 28, 2008 10:21 AM

74/75: what "platform" is that - not making equity partners and over-hiring associates?

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114 Posted by guest | Permalink Thursday, August 28, 2008 10:22 AM

Lets wait for official word on the Reed Smith no offers. The fact is Reed Smith continues to expand. They are moving into Silicon Valley when others are moving out, and doing so with high profile partners that are leaving V50 firms. They are positioned as well as any V20 firm in London, the ME and Asia. They were a top 25 dealmaking firm for the first half. Yes, its a slow year all around, but they have positioned themselves well for the more business structured industry that law is becoming.

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115 Posted by guest | Permalink Thursday, August 28, 2008 10:58 AM

I also heard rumors of imminent layoffs at SRZ.

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116 Posted by guest | Permalink Thursday, August 28, 2008 11:14 AM

Schulte has high PPP and that is great if you are a partner, but try being an associate at SRZ and your life sucks. You get treated with less respect than a CWT associate. Each group has it's own special way of making your life hell (see #26 for example). And whoever said they have a real M&A practice is crazy - they have one client and that is it. One client does not make a real M&A practice.

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117 Posted by guest | Permalink Thursday, August 28, 2008 11:16 AM

#74-75, why do you say Reed Smith is the one to watch in the next 5 years?
__________________________________________

Because that's what PR hacks are paid to say.

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118 Posted by guest | Permalink Thursday, August 28, 2008 12:01 PM

116 is right about one thing... the high PPP. Many of the associates I have spoken to at SRZ have had great experiences, use their vacation and are given a fair amount of responsibility early. The firm is respectful of religious holidays -- but make no mistake, they expect you to work. I don't know what you people expect from a firm that pays 160... billable hours are what they are, but at least SRZ has the extra bonus on top of market if you pass the minimum billable. There are also discretionary bonuses.

And nobody said SRZ has a "real" or traditional M&A practice. The firm does PE and Hedge Fund transactional work. But Chambers recognizes the practice for its abilities as did American Lawyer with the Dealmaker of the Year award a year or two ago.

I have to imagine 116 is basing its statements on the AmLaw Associate Satisfaction survey because few if anybody who stays at SRZ is as unhappy as this poster is making them out to be. Even those attorneys that have left to go in house continue to say good things about the firm. I can't say I know every associate there, but those that I do know seemed as happy, or more happy, than associates I know at other firms.

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119 Posted by guest | Permalink Thursday, August 28, 2008 12:09 PM

Come on 118, are you in SRZ's recruiting department or something? People have been miserable here for the last 3 years, how do you think they get PPP so high? Now there isn't work so, no, people aren't getting killed by the hours, but instead they live every day in fear of a pink slip on their desk.

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120 Posted by guest | Permalink Thursday, August 28, 2008 12:35 PM

What are the exit opportunities like at SRZ? From what I understand, most hedge funds don't have huge in-house legal teams. Also, jumping to the business side of a hedge fund seems considerably more difficult than jumping to, say, an i-bank. Anyone w/ thoughts?

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121 Posted by guest | Permalink Thursday, August 28, 2008 12:36 PM

I'm interviewing with both the San Francisco and DC offices of Howrey. Which office would be better to start a career in IP litigation at?

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122 Posted by guest | Permalink Thursday, August 28, 2008 12:38 PM

The level of unjappiness has never been higher That's why the main advertisers at his site are head hunting firms.

What does it matter if you work in a number 3 or number 60--it all sucks . The legal profession is collapsing--save yourself by exiting the profession.

endofesq.com

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123 Posted by guest | Permalink Thursday, August 28, 2008 12:42 PM

ban this loser who keeps spamming with his annoying link to a crap website.

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124 Posted by guest | Permalink Thursday, August 28, 2008 12:47 PM

As a former SRZ associate, I can vouch that the experience there was not all that bad as far as big firms go, especially as compared with my friends at other "more prestigious" firms. Granted I was in the hedge fund group, but overall the associates are relatively happy. Its probably true that long-term growth inside the firm is not all that common, but its probably not anymore so at any other big firm. That being the case, there are plenty of great exit opportunities either to go in house - as funds grow, it’s not unheard of for them to have growing in-house teams, and new funds popping up (even in this slowed economy) also look for in-house counsel, or of course, any other firm that's looking to break into the field or grow their fledgling practice would LOVE to pickoff a Schulte associate.
It admittedly is a NY firm (though with the new DC office, that might be starting to change a bit). But for now, its rep is really localized in NY and some of the other major markets where fund work is common, most likely resulting in the low ranking.

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125 Posted by guest | Permalink Thursday, August 28, 2008 1:01 PM

The only people who take vacation at SRZ are those who have been laid off or given 3 months to find another job (and there are lots of those).

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126 Posted by guest | Permalink Thursday, August 28, 2008 1:10 PM

121:
As long as you are looking at SF, I would also check out East Palo Alto. The people in EPA are good to work with, and most of the work there is in IP. There is IP work in SF - but quite a few associates have left there in the last 2 years. Not as familiar with DC.

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127 Posted by guest | Permalink Thursday, August 28, 2008 1:17 PM

The folks at SRZ given three months to find new jobs (and there were only a handful) were all associates who didn't make partner or counsel. Most firms suggest you leave at that point.

That said, those who say that the associates at SRZ are miserable are spot-on. The hours continue to be brutal in most groups - particularly litigation and investment managment - and lots of people are looking to leave.

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128 Posted by guest | Permalink Thursday, August 28, 2008 1:18 PM

The folks at SRZ given three months to find new jobs (and there were only a handful) were all associates who didn't make partner or counsel. Most firms suggest you leave at that point.

That said, those who say that the associates at SRZ are miserable are spot-on. The hours continue to be brutal in most groups - particularly litigation and investment managment - and lots of people are looking to leave.

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129 Posted by guest | Permalink Thursday, August 28, 2008 2:07 PM

Few quick points regarding SRZ:
1. It's a firm based on its hedge fund practice. In that regard, it's at the top of its field and makes the firm make a sh*tload of money. If you're not interested in hedge funds, don't go there. It's that simple.
2. For some reason people have been posting on ATL for some time now that SRZ has been conducting massive layoffs. It's completely false.
3. Yes, you're going to work your a*s off at Schulte. However, if you're getting into a big law firm and don't expect to work insane hours, what the hell are you doing in this profession? I'm continually baffled by the number of associates and law students who go into corporate law with the illusion that somehow the hours "won't be that bad." No matter where you are, you're life is going to suck. Deal with it. If you want to get out of work by 6 or 7, go work for the government. Otherwise man the f*ck up and get back to work.

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130 Posted by guest | Permalink Thursday, August 28, 2008 2:35 PM

The news about Reed Smith seems to be true. The DC office only gave out some offers because they over-recruited the summer class.

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131 Posted by guest | Permalink Thursday, August 28, 2008 2:48 PM

The problem with SRZ isn't the hours per se (although they are bad) - it is how you get the hours. Far too often a partner comes in my office on a Friday afternoon (often times when I haven't been busy for a few days) and gives me something to do that takes all night Friday and all day Saturday because he claims he is going to look at it on Sunday. That would be fine if I didn't go into the partner's office on Wednesday afternoon and see the document sitting on his desk untouched - that is the problem (oh, and the fact the face time is highly encouraged).

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132 Posted by guest | Permalink Thursday, August 28, 2008 3:43 PM

note of caution: bryan cave is one of the no offer factories this year.

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133 Posted by guest | Permalink Thursday, August 28, 2008 4:50 PM

74-75 Watch them go DOWN-- Stay away from Reed Smith- they messed with NY summers and apparently DC summers as well

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134 Posted by guest | Permalink Thursday, August 28, 2008 4:52 PM

74-75 Watch them go DOWN-- Stay away from Reed Smith- they messed with NY summers and apparently DC summers as well

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135 Posted by guest | Permalink Thursday, August 28, 2008 4:58 PM

Reed Smith is moving in the wrong direction- their management is not coordinated and they are not treating their summers fairly- they evidently have tried to play with the Big boys and cannot!-- you should look elsewhere if you value your career

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136 Posted by guest | Permalink Thursday, August 28, 2008 8:39 PM

56/106: The people are nice at Nixon Peabody. Comp isn't necessarily top tier, but neither is the billing or the pressure.

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137 Posted by guest | Permalink Thursday, August 28, 2008 9:13 PM

38, Reed Smith did participate in EIW at NYU this year. The recruiting guy in the hospitality suite was hot.

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138 Posted by guest | Permalink Monday, September 8, 2008 2:43 PM

As far as Thacher Proffitt & Wood denying the layoffs, Paul T is an idiot. doesnt he realize that there is not one person in the firm who is still loyal? We at the IT department get the termination requests for the lay offs that he denies is taking place.
He doesnt know that he has turned to be the biggest joke to ever run a law firm. How can someone who is supposedly good at what he does lets a billion dollar deal like the one that could've been fall through his fingers with the client from Brazil? Why do you think Boris Otto picked up the mexico office and LEFT TPW?
Not to mention that he isnt going to have much choice but to dissolve or merge by the end of this year, just like he and several others in the committee said.

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139 Posted by guest | Permalink Monday, September 8, 2008 2:53 PM

Well what about the NJ office?
Their biggest money makers in Summit pratcially gave TPW the finger and left to another prestigious firm in NJ.
If a big managing partner like Lennie Nuara leaves just like that, dont you think the rest of TPW should open up there eyes and realize that TPW is going down the drain?

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140 Posted by guest | Permalink Saturday, September 20, 2008 11:59 AM

SRZ is a strong firm, and you do get some excellent experience here. But that being said, there have been quite a few mid-level to senior associate stealth layoffs (of the "you've got 3 months to find a new job" variety). They've just hired a huge 1st year class - stand by for more mid-level layoffs in the next few months.

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141 Posted by guest | Permalink Saturday, September 20, 2008 12:00 PM

SRZ is a strong firm, and you do get some excellent experience there. But that being said, there have been quite a few mid-level to senior associate stealth layoffs (of the "you've got 3 months to find a new job" variety). They've just hired a huge 1st year class - stand by for more mid-level layoffs in the next few months.

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142 Posted by guest | Permalink Monday, September 29, 2008 8:05 PM

does anyone know anything about Perkins Coie's Chicago office? Potential offer ...

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143 Posted by guest | Permalink Monday, October 6, 2008 11:29 PM

any other news on SRZ work flow/layoffs in the face of destruction of the financial world as we know it?

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144 Posted by guest | Permalink Thursday, October 9, 2008 12:41 PM

how about Nixon's NY office? anyone worked there/know anything about it? choosing between summering there or SRZ....

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145 Posted by guest | Permalink Sunday, November 2, 2008 3:48 PM

Life at Patton Boggs - - good quality of life, but low bonuses generally - if you want to lobby, be sure you have substantive area of expertise and that you are not asking to be a generalist/lobbyist...

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146 Posted by guest | Permalink Sunday, November 2, 2008 3:48 PM

Life at Patton Boggs - - good quality of life, but low bonuses generally - if you want to lobby, be sure you have substantive area of expertise and that you are not asking to be a generalist/lobbyist...

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147 Posted by guest | Permalink Thursday, November 6, 2008 2:41 PM

Some summers at Reed Smith got nixed but if you think they are going "DOWN" you know very little.

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148 Posted by guest | Permalink Sunday, February 8, 2009 2:48 PM

51: If you're still reading this thread, about half of the "partners" at Lane Powell are non-equity - lawyers on straight salary who don't vote, put up capital, or share in the profits. The firm is generous with benefits.

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