Today, we turn toward the other major category of Biglaw practitioners: corporate/transactional attorneys. Unlike litigators, about whom the public at least has some notion, however distorted, of what they do, most people have no clue what corporate lawyers are up to. No young person daydreams about “facilitating a business transaction,” while there are some who aspire to argue in a courtroom. As noted last week, this litigation/corporate information imbalance is reinforced by the law school curriculum, which remains largely beholden to the case method of instruction.
When comparing the experiences of corporate lawyers versus litigators, there is a familiar litany of pro and cons:
Ed note: This is the latest installment in a series of posts from the ATL Career Center’s team of expert contributors. Today, Blueprint Test Preparation offers pre-law students some insight on how LSAC recalculates GPAs.
The LSAT is a stressful time in any pre-law student’s life. You spend months prepping for a four-hour exam that will determine your future — the schools to which you’ll be admitted, the amount of scholarship money you’ll receive, the salary you can expect upon graduation, and the attractiveness quotient of the spouse with whom you’re likely to mate. What could be more harrowing than that?
The popular conception of “lawyer” — as seen on television and in the movies — is that of a litigator. Understandably, law students are also susceptible to this view and will be so as long as the case method remains the pedagogy of choice in law school. Cases, by definition, are always about litigation. Both popular culture and the law school curriculum show lawyers most often in court or, at least, investigating the facts of the case. However, the truth of litigation practice is very different: the overwhelming majority of litigators’ work takes place outside the courtroom. Never mind that upwards of 90 percent of all lawsuits settle before trial or that most litigators’ spend their actual in-court time arguing procedural motions rather than the substance of the dispute. Oh, and there’s also doc review.
Anyway, most new associates and law students who aspire to Biglaw are going to be confronted with a question. To grossly generalize and simplify: am I a litigator or a transactional attorney? Many would say that there are distinct personality types best suited for each. Are you a win-lose kind of person or a win-win kind of person? Do you enjoy confrontation? Do you care if you ever see the inside of a courtroom? How important is the predictability of your schedule? And so on. (Of course we must acknowledge that wrestling over such questions is the classic “luxury problem.” For the majority of law students, what follows is, at most, of voyeuristic interest.)
For those in a position to choose, which Biglaw shop’s litigation departments offer the highest quality of life? We’ve dug into our survey data for answers…
Ed note: This is the latest installment in a series of posts from the ATL Career Center’s team of expert contributors. Today, Philip Segal reveals two tips that will help new associates keep their jobs longer.
While there are plenty of things they don’t teach in law school on the theory that “you’ll learn it on the job,” two of those omitted subjects would help new lawyers do a better job and probably hold on to a job longer.
The two are: how to find simple facts and how to bring in business.
Litigators don’t get the go-ahead to sue unless their clients are convinced that the other side has enough assets to make it worth the cost of litigation. Litigators, family lawyers, and many others often have basic factual questions, but law school does little to prepare you to find out:
Ed. note: This is the latest installment in a series of posts from the ATL Career Center’s team of expert contributors. Today, Megan Grandinetti — an attorney, health coach, and yoga teacher, whom we recently profiled — offers seven health tips for junior associates.
Law school does not prepare you for what it takes to be a junior associate. As a junior associate, you are experiencing a brand new kind of stress (the really bad kind!), which on its own can cause weight gain. Stress can also increase your blood pressure, prevent you from sleeping, give you unpleasant digestive symptoms (yuck), and wreak havoc on even the healthiest relationships.
Because you might be in a bit over your head, with very little time to take care of yourself, it is really easy to make choices that are bad for your health when you start your legal career.
Here are seven easy tips to help you make the first couple of years just a little bit healthier.
The Biglaw on-campus recruiting season is a subject of decreasing relevance for most aspiring lawyers, as illustrated by this grim infographic. We are all familiar with the parade of horribles that is the law firm recruitment market, at least from the student point of view. Since the halcyon days of 2007, summer associate class sizes are down at the overwhelming majority of large law firms, often by fifty percent or more. And of course nobody is seriously arguing that class sizes will ever rebound to their pre-recession levels. But 50 percent is not 100 percent; there are still 2Ls who have just made their way through the OCI cattle call.
About a month back, we asked our readers to share their experiences of the OCI process. We wanted to learn where student priorities fall during this era of “New Normal.” For those of you fortunate enough to be in a position to choose among employers, what are the factors driving your decisions? What, if anything, is likely to make you reject an offer? And what, in this unbalanced buyers’ market for legal talent, is the actual interview experience like?
Ed. note: This is the latest installment in a series of posts from the ATL Career Center’s team of expert contributors. Today, Sunny Choi interviews a judicial clerkship veteran with some helpful advice for aspiring clerks.
It’s open season for clerkships and you’ve probably already been inundated with resources from your law school’s career office. Sure, those are the “official” resources, but don’t you want to know what it’s really like to go through the clerkship application process? This month, I probed the brain of a judicial clerkship veteran to give you the inside scoop.
1. Do you have any interview tips particular to interviewing for a clerkship?
We’re familiar with the fact that the number of law school applicants is down. Indeed, quite a bit of metaphorical ink has been spilled on analyzing the ramifications of this trend on law school applications. For instance, the WSJ Law Blog recently ran a story analyzing the LSAT scores at top law schools. Somewhat surprisingly, the numbers were fairly consistent with previous years, despite fewer applicants. Above The Law followed up with the analysis of a few additional schools, though all were still T14 (with the exception of ATL’s favorite whipping boy, Cooley). And, of course, we here at Blueprint analyzed these changes and discussed how to use them to your advantage.
So the implications of the decrease in law school applicants have been fairly well documented for top law schools. However, only a small minority of law students will be applying to them, and an even smaller amount attending. This begs the question: What’s going on further down the law school chain?
There is not nor probably will there ever be a definitive novel or film depicting the law firm experience. Law firm lawyers viewing The Firm or Michael Clayton or Ally McBeal are not going to identify with what they see on the screen. Novels like The Partner Track by Helen Wan or Anonymous Lawyer by Jeremy Blachman might be the closest thing (affiliate links).
A truly realistic portrayal of that particular white-collar salt mine would surely be too boring for the public. On the other hand, the comments from the ATL Insider Survey (14,000 responses and counting; thanks everyone) constitute a sort of undistilled document of the Biglaw hive mind. So what do we hear from this depressing, inspiring, contradictory chorus of lawyerly voices?
The ATL Insider Survey asks practicing lawyers to evaluate their employer in terms of compensation, training, culture and colleagues, firm morale, and hours. The survey also asks, “What would be useful or interesting for a law student or potential lateral to know about your firm?”
Reading through all the responses to this question, a handful of recurrent themes emerge….
Ed. note: This is the latest installment in a series of posts from the ATL Career Center’s team of expert contributors. Today, Casey Berman, founder of Leave Law Behind, a blog and community that focuses on helping unhappy attorneys leave the law, discusses how current attorneys can improve their time management skills and successfully leave law behind.
I haven’t written a post in weeks. No way around that. And this gap is likely attributable to the same reason many of you may find it difficult to take that first step to leave the law.
I was busy.
Very busy. Busy with work (I head strategy for a tech company here in San Francisco), busy with my family (our three-year-old and six-year-old just started school), busy trying to spend quality time with my family, busy (kind of) trying to exercise and play some sports, busy trying to manage a lot of little things (getting new DMV license plate tags, health insurance papers, cleaning out the garage, attending the obligatory weekend toddler birthday party) and busy trying to get at least six hours of sleep.
So busy. So who has time to write a blog post? Who has time to even think about leaving the law, much less leave it?
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: firstname.lastname@example.org.
Things have changed recently in Korea – a few of our US and UK client firms are looking, very selectively, for a lateral US associate hire. Until just recently, there was not much hiring like this going on in Korea, since US and UK firms started opening offices there. We have already placed two US associates in Korea in the past month at top firms. Most of the hiring partners we work with in Korea do not actively work with other recruiters.
If you are a Korean fluent US associate in London, New York or another major US market, 2nd to 6th year, at a top 20 firm, with cap markets or M&A focus (or mix), or project finance background, and you are interested in lateraling to Korea to a top US or UK firm, please feel free to reach out to us at email@example.com or firstname.lastname@example.org. Our head of Asia, Evan Jowers, was just in Korea recently, and Evan and Robert Kinney will be in Korea in a few weeks. We are in the process of helping several firms open new offices in Korea (a number of which are interviewing our partner level candidates) and also helping existing offices there fill openings.
Professor Joel P. Trachtman has developed a unique, practical guide to help lawyers analyze, argue, and write effectively.
The Tools of Argument: How the Best Lawyers Think, Argue, and Win is a highly readable 200-page book, available for about $10 in paperback or e-book. Chapters focus on foundational principles in legal argument: procedure, interpretation of contracts and statutes, use of evidence, and more. The material covered is taught only implicitly in law school. Yet, when up-and-coming attorneys master these straightforward tools, they will think and argue like the best lawyers.
For most attorneys, time spent managing the books is a necessary evil at best. Yet it is undeniably a crucial aspect of running a successful practice. With that in mind, we invite you to view or download a free webinar by Above the Law and our friends at Clio to learn how to better manage your finances.
Take this opportunity to learn what it takes to streamline your accounting and get the most out of your time. The webinar agenda:
● The basics of accounting for lawyers.
● How legal accounting differs from regular accounting.
● Report and reconciliation issues surrounding trust accounts.
● How to pick and integrate the best accounting tools for your practice.
● Steps to prepare your tax return for your firm’s income.
Do not miss this crucial chance to optimize your accounting practices. Save time and get back to billing!