Ed. note: This is the latest installment in a series of posts from the ATL Career Center’s team of expert contributors. Today, Ian E. Scott offers 10 valuable pieces of advice for Biglaw summer associates.
While a full-time job at a large law firm is not for everyone, a summer at one is highly recommended. Even if you are not sure if you have an interest in practicing at a large firm after the summer, a summer at one is a great experience and you will be paid around $35,000 for the summer. You should be careful though, because many who have summered at large corporate firms and swore that it was just for the summer, often must have drank the Kool-Aid and went back after graduation. If you have decided to work for a top law firm during the summer here are a few things to consider.
1. You will likely get a job offer but do not take it for granted.
I previously wrote about the depressing prospects for graduates of all but the top ten or twenty law schools (“Two Law Grad Markets”). And yes, these were statistical generalizations, and the experience of specific individuals with particular skills and backgrounds will always be different, pro and con. But as an industry, if you care about our supply chain for talent, many law schools are burning platforms.
There are actually some closely connected problems driving this dynamic:
More JDs are being turned out each year than there are (a) full-time, (b) long-term jobs, (c) requiring bar passage, (d) at current salary levels;
perhaps the primary reason for the mismatch between supply of JDs and current demand for them (about two supplied for every one today’s market is demanding) is that clients increasingly resist paying for junior associates, which makes it uneconomic for firms to invest in traditional training;
but/and at the same time, every sentient observer is painfully aware that vast segments of the U.S. population — consumers and businesses alike — remain underserved by lawyers.
This would prompt any economist to ask, almost instinctively, “Why isn’t there a market-clearing price where supply and demand can meet?” Which is another way of asking, “What if there were a way to address both these problems at a single stroke?”
Non-lawyers are often surprised to learn of the lockstep salary schemes of large law firms and the near-perfect information we have about them. (Recall Kevin Drum’s befuddlement at the bi-modal distribution of law graduate salaries and the “weird cultural collusion” it suggested.) Even annual bonuses are frequently spelled out in what amounts to public memoranda and are typically some variation of the “market” dictated by our Cravath overlords. Of course, there are some “black box” firms and a few gilded outliers such as Wachtell Lipton or Boies Schiller, but generally speaking, the world of large firms practices a degree of relative transparency around compensation that is unsurpassed outside the public sector.
In order to distinguish among firms, we have to look to the margins. For example, law firms vary quite a bit when it comes to paying for the bar and living expenses of incoming associates. Some firms may reimburse for covered expenses after the fact; others may pay some expenses directly to the provider. Some may give a stipend to cover living expenses, whereas others may offer the ability to take out an advance on salary.
Greater transparency (or, at least, aggregated information) on these questions might make one firm’s offer more attractive than another’s, or perhaps even give an offeree some basis for negotiating a package upgrade (but of course tread very lightly there)….
Ed note: This is the latest installment in a series of posts from the ATL Career Center’s team of expert contributors. Today, Debra M. Strauss, Associate Professor of Business Law at Fairfield University, offers helpful tips for landing a judicial clerkship.
Now that the Federal Law Clerk Hiring Plan is officially defunct, the timing of your clerkship applications depends on the individual hiring practices of each judge. This is another aspect of what is essentially a research project, with the primary resources being OSCAR (“Online System for Clerkship Application and Review”) for federal clerkships and Vermont Law School’s Guide to State Judicial Clerkships. See the additional tips on the timing in my first article in this series, “Putting it in Perspective: Understanding the History of the Timing Issue and Making Lemonade.”
So let’s take a closer look at the application process, the components of the application, and strategies you can employ to increase the chances of success in your quest for the prized clerkship.
Ed note: This is the latest installment in a series of posts from the ATL Career Center’s team of expert contributors. Today, Alison Monahan provides some advice for getting law journal work done.
I’ll be honest — I hatedLaw Review. Every second I spent in the bowels of the law school library searching dusty books for obscure references was time wasted, in my opinion. But, on the upside, I got quite good at getting my cite-checking assignments done quickly!
Here are a few tips for getting your journal work done, without losing your mind:
Ed. note: This is the latest installment in a series of posts from the ATL Career Center’s team of expert contributors. Today, Alison Monahan provides some practical advice for the new year.
It’s January, so we must reflect and resolve, right? Well, I’ve never been one for resolutions (just do it, don’t talk about it), but the beginning of a new year is a good time to examine recent history and identify “areas of potential growth,” shall we call them.
When I think about what I’ve been most surprised about in the 2+ years since I started The Girl’s Guide to Law School, one key thing stands out: The remarkable lack of urgency that many law students and young lawyers seem to feel about shaping their lives and their careers.
Before you get all offended, let me be clear. I’m not saying you’re lazy. I’m not saying you don’t spend a lot of time studying in the library. But — and I have to be honest here — there is an odd lack of gumption, of hustle, that permeates many of the interactions I have with law students and new lawyers.
In the two years that we’ve been conducting our ATL Insider Survey, we’ve amassed in excess of 15,500 responses from practicing lawyers and law students. These results have provided us with unique insights into what people really think about their employers and schools. We believe our survey information furnishes our readers with a deep resource for comparing and evaluating these organizations, whether in the form of our Law Firm and Law School Directories, or in posts that take a deeper look at such factors as practice area, compensation, or geographic location. Many thanks to those thousands of readers who have shared their experiences.
Obviously, one subject that the ATL readership is passionate about is the world of Biglaw. Whether it’s to assess a potential employer, or to simply see how one’s firm compares to its peers, apparently there’s no end to the appetite for insider information. So as this year winds down, we’ll end on a happy note and have a look at which Biglaw firms are rated most highly by their own employees…
Ed. note: This post is written by Adam Gropper, author of Making Partner: The Essential Guide to Negotiating the Law School Path and Beyond, a recent release by the American Bar Association. Making Partner provides guidance for maximizing performance while in law school, securing the dream law firm job, excelling as an associate, and moving on the fast track to making partner. Adam Gropper is also the founder of www.LegalJob.com, a blog that provides practical advice for current law school students and law firm associates.
Other than attending a top ten law school and being in the top ten percent of your class, there is not just one way or one big secret to obtaining a dream legal job. Many people, for example, especially top law students, just fall into their practice area, and are doing what they are doing by accident. Accordingly, for this group, focus and planning ahead are not as crucial.
This post speaks to all others who are not quite sure what they will do when they graduate law school and are interested in planning ahead. For these folks, it may be helpful to have a practical plan with specific, mechanical steps.
Ed. note: This is the latest installment in a series of posts from the ATL Career Center’s team of expert contributors. Today, Alison Monahan looks at the pros and cons of joining a study group.
If you’re in law school, you’re eventually going to have a really bad exam experience.
I’m not talking about the normal “this is pretty un-fun” experience that is every exam — but one of those really horrible, terrible, awful exams. Maybe you studied all the wrong topics, or the proctor gave out the wrong questions (happens), or you got sick, or had a meltdown, or didn’t sleep the night before, or overslept, or whatever.
But you’re eventually going to walk out going, “WTF just happened?!?”
If this is your final exam, so be it. You can wallow for the entire Winter Break if you like.
But what if you’ve got other exams to get ready for? You don’t have the luxury of wallowing, so here are a few tips to help you recover from a terrible exam experience and get ready to study again.
In an era when “disruption” is celebrated, the world of large law firms is one of the last redoubts of conventional wisdom. For a uniquely rule- and precedent-bound profession, this makes sense. Biglaw’s conventional wisdom has the added virtue of being reliable. For example, we can count on Cravath taking the lead — at least chronologically — on bonuses, and for DLA Piper to have the most random Third developing-world offices.
Another reflection of conventional wisdom is the way in which Biglaw lends itself to — and revels in — superlatives and rankings. There tends to be a generally acknowledged and perennially dominant player (or a few) in most practice areas: Wachtell Lipton for M&A, Weil Gotshal for Chapter 11 work, Patton Boggs for lobbying, and so forth. There’s no doubt that many worthy firms get overlooked.
Last year we took a look at which firms’ practice groups were considered “underrated” by peers in the field. Among the notable 2012 nominees: Cahill for corporate law, Arnold & Porter in litigation, and Proskauer for its bankruptcy and tax practices.
We wondered whether the same practice groups were still considered by practitioners to be unfairly underrated. Or are there other firms deserving more recognition?
Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past seven years. You can reach them by email: email@example.com.
It’s that time of year again when JDs are starting to apply for 2L summer jobs and 2L summers are deciding which practice area to focus on.
For those JDs with an interest in potentially lateraling to or transferring to Asia in the future, please feel free to reach out to Kinney for advice on firm choices, interviewing and practice choices, relating to future marketability in Asia, or for a general discussion on your particular Asia markets of interest. This is of course a free of cost service for those who some years in the future may be our future industry contacts or perhaps even clients.
For some years now Kinney’s Asia head, Evan Jowers, has been formally advising Harvard Law students with such questions, as the Asia expert in Harvard Law’s “Ask The Experts Market Program” each summer and fall, with podcasts and scheduled phone calls. This has been an enjoyable and productive experience for all involved.
Whether you’re fresh off the bar exam or hitting your stride after hanging a shingle a few years ago, one thing’s for certain: independent attorneys who start a solo or small-law practice live with a certain amount of stress.
Non-attorneys would think the stress comes from preparing for a big trial, deposing a hostile witness, or crafting the perfect contract for a picky client.
But that’s nothing compared to the constant, nagging, real-life kind, the kind you get from the day-to-day grind of being a law-abiding attorney.
Connecticut plaintiffs-side boutique litigation firm (12 lawyers) seeks full-time associate with 2-4 years litigation experience, top tier undergraduate and law school education. Journal or clerkship experience a plus; highest ethical standards and strong work ethic required. Familiarity with Connecticut state court legal practice is preferred, but not required.
The firm handles sophisticated, high-end cases for plaintiffs, including individuals and businesses with significant claims in a wide array of matters. Our cases often have important public policy implications, and are litigated in state and federal courts throughout Connecticut. Representative areas of practice include medical malpractice, catastrophic personal injury, business torts, deceptive trade practices and other complex commercial litigation, and products liability.
Additional information can be located on our website, at www.sgtlaw.com.