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Career Center: How well did your firm behave during the recession?

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Some firms handled the great recession with grace and poise, while others need lots of improvement if they ever want to receive a Miss Congeniality award in the near future. Check out the blurbs below, as well as the firm profiles at the Career Center, to see which firms are pageant contenders and which firms are just pigs with a little lipstick on.

  • This firm is known for its prestigious bankruptcy practice and has handled several newsworthy bankruptcies during the economic crisis. Associates here receive lots of quality work and direct client contact; however, Lateral Link Members warn that some clients have unrealistic demands on associate availability and deadlines. On the plus side, since associates are pretty self-sufficient with getting their own work, the firm is not very strict about minimum billable hours.
  • While some Lateral Link Members describe the compensation model at this firm as “laughably low in comparison to other firms,” face time expectation at the firm is minimal, and associates say there is “lower stress” than at other large firms. Pro bono work is also encouraged, and the firm counts the first 100 pro bono hours towards billable hours and bonus consideration. As a result of its pro bono commitment, 99% of associates firm wide participated in some form of pro bono work last year.

More profiles, after the jump.

  • Associates in same-sex partnerships at this Magic Circle firm are feeling a little more magical about their recent “gay gross-up” benefits here. While the firm is one of the few U.K.-based law firms that will be paying spring bonuses, it opted for the below-market scale. Despite the lower bonuses, no minimum hours are required to receive the additional bonus.
  • Consistently described as one of the most profitable firms in the world, this firm is known for spreading the wealth and is described as “extremely generous” by Lateral Link Insiders. There are no billable hour minimums or face time requirements here, but most associates do not leave the office until at least 8:30 at night. Despite the long hours and added pressure of working at an elite law firm, associates are very satisfied with their employment experience at this firm, which ranks it in the top ten on The American Lawyer’s 2010 Midlevel Associates Survey.

For additional job searching resources, be sure to check out articles and full firm profiles on the Career Center website. If you have questions about any of the law firms profiled on the Career Center, or would like a professional recruiter to assist you in your job search, contact any of the recruiting professionals at Lateral Link.

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