We hear lots of stories about screamers — the abusive partners that all associates dread getting assignments from. But what about those partners that associates seek out — the ones who are good mentors, who give younger lawyers pointers about how to become better lawyers?
This week our ATL / Lateral Link survey asks you to take a minute to nominate the partner you most like to work for — and tell us why. Don’t worry, you won’t be asked for your name, so give your honest feedback. We’ll tally the data and in the coming weeks, we will present the top partners to work for throughout the country…
A recent study by economists at UC Berkeley gives employers a nice argument for keeping salaries a secret. Well, luckily for you, I’m not your employer. Therefore I have no qualms about sharing with you Part 2 of the results from our small-firm salary survey.
In your emails following Part 1, many of you asked that I take the practice experience element of the survey and show how it correlates to salary. Good point. I actually had that in mind from the start, but ended up pushing it into my Part 2 draft when I decided to split up the post.
But you don’t care; you just want the numbers. So, with the final caveat that I’m sure I’ll never be able to fully satiate your salary hunger, here’s the latest snack…
In part 1 of the results of the Associate Morale Survey, brought to you by Lateral Link, we revealed that 74% of respondents felt that associate morale was either the same or worse than last year. Though not entirely surprising, this result is troubling, given that low employee morale is not helpful to the economic recovery.
What, then, can firms do to boost struggling associate morale? The top solution, according to 67% of survey respondents, is for firms to be more open and transparent about decisions that affect associates. The next most popular option is for firms to unfreeze salaries and/or reverse pay cuts, cited by 44% of respondents. So to our Biglaw partner readers, remember that a little candor can go a long way with associates, and salary cuts and freezes are so 2008.
Biglaw salaries are no secret. You can find numbers all over the internet, including places like oh, I don’t know, Above the Law (not just the home page, but also the Career Center).
But what about information for everyone else? You already know what I made during my time at a small firm, but that doesn’t really help unless you’re looking for a job at my old firm (surprise, they’re not hiring).
Those looking to smaller firm options need information — law students especially. The OCI music has stopped, and there are plenty of people left standing. The good news is that there are other places to sit down. The bad news is that nobody can tell whether sitting in those seats will earn them enough to keep their creditors at bay.
With that and a general interest in the dissemination of information in mind, please take this short survey, so I can begin compiling some hard numbers on small firm salaries. As always, survey responses are kept completely confidential. I’ll sort, analyze and package the results in some kind of eye-pleasing manner.
Please click HERE to take the SURVEY. And please pass the survey along to any of your friends at small firms; the more responses I get, the more accurate and reliable the findings will be.
If you’d like to offer any other salary-related information or clever commentary, or have tips or story suggestions, please email me at Little Richard at gmail dot com. Thanks!
A key issue for the workplace, both during recession and recovery, is employee morale. In last week’s survey, we asked Biglaw associates how current associate morale at their firms compares to morale from one year ago.
For those of you who need a quick refresher on what the fall of 2009 was like, envision a time when the majority of the massive associate bloodletting had ended, but firms were still reeling from the aftermath; salary freezes and cuts were the trends du jour; and associates who were lucky enough to receive 2009 bonuses saw drastic reductions from the previous year. Could fall 2010 possibly be any more demoralizing for associates?
Good news: the recession is officially over– and actually has been since June 2009, according to a group of economists. Are Biglaw associates everywhere breathing a collective sigh of relief? Or does the recovering economy have little effect on associate morale?
This week, in our ATL / Lateral Link survey, we ask whether morale among associates has changed since last year, and what it is about your firm that is either bothering you or bolstering your spirits. Please take our short survey to give us your input (as always, survey responses are kept completely confidential). We’ll bring you the survey results next week.
We’ll use the information to update the ATL Career Center and bring you the results next week.
If you have information about your firm that you want to share with other career center users, please email us at [email protected].
We’ve completely updated the Summer Associate Program sections in each of the Firm Snapshots with the 2010 summer associate survey results and the latest news. With on-campus interviewing already underway at most schools, law students won’t want to miss getting the inside scoop on the highlights – and lowlights – of each firm’s summer program.
So head on over to the Career Center to see how the firm you summered at, or want to interview with, stacks up. Highlights include:
Summer associates at this litigation powerhouse brag that their “workload is super light,” completing one to five assignments over the course of the 12-week summer program, and typically spending about five hours a day on billable work. Just don’t expect to be making the lunch rounds at the city’s trendiest restaurants. Summers eat in at the firm’s dining room, which serves free but “excellent” lunch daily.
It certainly pays to have high-profile clients at this firm, which treats its summer associates to unique social events like the Tony Awards and the NBA Draft.
The line between summer and full-time associates is blurred at this firm, with summers “put[ting] in well over 80 hours” during some weeks to complete 15 or more assignments during the eight-week summer program. Despite their high work demands, these summer associates still find the time to be do-gooders by volunteering to cook at the Ronald McDonald House for kids and their families.
The good old days never left this firm. Summer associates typically bill about four hours a day on assignments, leave at 5:30 p.m., play softball at Fenway Park, and still get 100% offers. But you might want to think about taking an extended post-bar trip, since you might not start work on time as a first-year associate.
No complaints at this firm, which gives summer associates “exactly the work that they want” and still provides a “very generous” $65 lunch budget in New York. Be sure to brush up on your foreign language skills; one-third of the summer class gets to spend up to three weeks working in one of the firm’s overseas offices
For information on the summer programs at all the top firms visit the Career Center.
Ah, the end of summer. For many law students, this time of year ushers in the arrival of the fall on-campus recruiting season (or what’s left of it), the dreaded wait for a permanent offer of employment following graduation, as well as a new diet regime for those summer associates who took their firm’s “unlimited lunches” policy a little too literally.
While your summer associate experience is still fresh in your mind, please take our short survey. Responses will be kept entirely confidential, of course. So give us your raw insights into the stuff that no one told you about summer programs, such as how many hours you really work a day, whether the assignments you receive are “real” or just busy work, and which social events are worth attending.
This is last call on the survey for this summer as it will be closed on Friday, so please share your insights before then. Thanks!
The good old days of Biglaw summer associate programs have now become the stuff of legend. Long gone are the days of doing doc review at the beach, unlimited lunches on the firm’s tab, swanky social events, and 100% offers for full-time employment.
Instead, today’s typical summer associate program has been streamlined down to 8 to 10 weeks, reduced the size of its class (by 50 percent or even 80 percent), and adopted new cost-saving rules for meals and entertainment.
We want to hear from you about what your experience has been like under this new paradigm. If you are a 2010 summer associate, please clickhere to complete a short survey, which will be kept completely confidential.
Feel free to use this opportunity to dish all about your firm’s work assignments, facetime requirements, meal budgets, and events – whether good, bad, or indifferent. Survey results will be posted on the Career Center — just in time to help you, your colleagues, or potential summer associates make some important career choices. Thanks!
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 six years. You can reach them by email: [email protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months (Robert Kinney and Evan Jowers will be in Hong Kong again March 15 to 23), and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.
Are you challenged by the costs and logistics of maintaining your office, distracting you from the practice of law?
Many small firms are successfully moving part—or even all—of their practice to a virtual setting. This even includes multi-jurisdictional practice spanning several states and practice areas, although solo and small partnerships are still the largest adopters of virtual law.
Can you do the same? The new article Mobile in Practice, Virtual by Design from author Jared Correia, Esq., explores how mobile technology bring real-life benefits to a small law firm. Read this new article—the next in Thomson Reuters’ Independent Thinking series for small firms—to explore how a mobile practice:
Everyone is talking about the importance of Social Media in Corporate America. But it is relatively safe to say that most law firms and lawyers are slightly behind the social curve. Most lawyers, at minimum, use LinkedIn, for networking. Some even use Twitter for pushing out short, pithy content, while many have Blogs, where they write their little hearts out. The adage “it is better to give than to receive” is not always true though in the world of Social. In the Social World – it is best to listen, give back and engage.
Social Media is a communications tool that can deeply educate you about the needs and wants of your clients and prospects when used in conjunction social media monitoring and sharing tools.
Take this quick quiz and see if you know how to use Social to help you engage more with your clients or to better service the ones you have.