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Being a Law Firm Partner Was Once a Job for Life. That Culture Is All but Dead.

Being a Law Firm Partner Was Once a Job for Life. That Cultu...
Non sequitur
  08/09/19
Being a biglaw partner only seems 180 if you're a rainmaker ...
,.,.,.,..,.,.,:,,:,,.,:::,.,,.,:.,,.:.,:.,:.::,.
  08/09/19
Thanks, captain obvious.
'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA
  08/09/19
...
american space force turkey
  08/09/19
...
Rafael Ironside, FIVE TIME ATP Year-End #1
  08/09/19
...
CapTTTainFalcon
  08/09/19
...
Jared Taylor
  08/09/19
...
Chill Bisexual Mr. Silly
  08/09/19
...
donald draper
  08/10/19
...
Hysterical bitchmade deepstate faggot
  08/10/19
...
Bull Barr
  08/11/19
There are very few rainmakers who aren’t workaholics. ...
QueenLaBEEFah
  08/09/19
You also have to be way more responsive. Service partners ha...
macguffin
  08/09/19
yeah it's mostly xo flame that rainmakers just go to lunches...
A Jurisprudence is Performed
  08/10/19
They “work” by being on conference calls all day...
.,.,...,..,.,.,:,,:,.,.,:::,....,:,..,:.:.,:.::,
  08/10/19
...
Mainlining the secret truth of the universe
  08/10/19
...
donny (retired)
  08/09/19
LOL AT FUCKING BOOMERS RUINING EVERYTHING Janice Mac Avoy...
Non sequitur
  08/09/19
LJL
cannon
  08/09/19
don't forget the firm handshake
A Jurisprudence is Performed
  08/09/19
...
dont run Clinton Epstein seeswhoops never mind lol
  08/09/19
Boomers are only part to blame. Their Jewish overlords chang...
barnabyjones
  08/11/19
Becoming a lawyer was a mistake. All of this after you abso...
wagecuck who has lost the joie de vivre
  08/09/19
The largest, Dentons, recently hit 10,000 lawyers in 78 coun...
Turkey McTurkerson
  08/09/19
Something like 2% of the world's lawyers are with Dentons.
Judas Jones
  08/09/19
Do they even bother with conflicts checks? Or they just dar...
Neal V. Stephens 410 Alabama Dr. Herndon VA 20170
  08/09/19
I think I might work there and not even realize it
'""''''"'
  08/09/19
...
Hungry, forkless and losing patience.
  08/09/19
...
CapTTTainFalcon
  08/09/19
...
zoomer
  08/09/19
...
waiting for the great leap forward
  08/09/19
...
,,,,....,..,...,....,.
  08/09/19
...
bowlcut autist
  08/10/19
...
Gen. Elba (Space Force Lib-Command)
  08/10/19
...
Hysterical bitchmade deepstate faggot
  08/10/19
Just do sales, bro.
ARE Reptile
  08/09/19
Lol at biglaw faggots.
No Paye No Gain
  08/09/19
also lol at $1655/hour - seems like there was awe about rate...
Non sequitur
  08/09/19
That is beyond insane actually.
ARE Reptile
  08/09/19
Top partner rates are irrelevant. Total red herring. And...
'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA
  08/09/19
...
Hombre 3000
  08/09/19
Boies is past his prime.
Chill Bisexual Mr. Silly
  08/09/19
sup alan?
'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA
  08/09/19
it's also not even the rates but the STAFFING. the number of...
Rafael Ironside, FIVE TIME ATP Year-End #1
  08/09/19
...
'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA
  08/09/19
staffing imo is always what drives bill disparity between to...
Rafael Ironside, FIVE TIME ATP Year-End #1
  08/09/19
cr. huge prole tell to hear someone rant about $1500 partner...
'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA
  08/09/19
...
'""''''"'
  08/09/19
One of our cases had 3 paralegals billing at $350/hr. It re...
nutella
  08/09/19
And you bent over and took it from those paralegals.
~~(> ' ' )>
  08/09/19
That’s higher than my hourly rate lmao
michael doodikoff
  08/09/19
...
A Jurisprudence is Performed
  08/10/19
I agree with this 100%. The other issue is that for a long t...
macguffin
  08/09/19
Yup. And on routine cases there are plenty of decent biglaw ...
.,.,...,..,.,.,:,,:,.,.,:::,....,:,..,:.:.,:.::,
  08/09/19
A focus on data replaced tightknit camaraderie. Firms closel...
A Jurisprudence is Performed
  08/09/19
And then the actual sociopaths took over from the mere woman...
ARE Reptile
  08/09/19
Jews reached a tipping point in the profession and women add...
Guy Debord
  08/09/19
...
Rafael Ironside, FIVE TIME ATP Year-End #1
  08/09/19
why do aspie service partners who can't bring in business de...
\"\'\"\'\"\'\'\"\"\"
  08/09/19
Good luck actually finding the five people on planet earth w...
ARE Reptile
  08/09/19
(guy desperately pleading with boss to keep his job
Non sequitur
  08/09/19
I do Reg W stuff. Maybe 200 people on the planet know their ...
ARE Reptile
  08/09/19
wow 300k a year ur amazing
Non sequitur
  08/09/19
Not to be a dick, but I think some shmoe at Gordon Rees coul...
I really dont care do u?
  08/09/19
Sure, but he'd have to spend the time doing it and would pro...
macguffin
  08/09/19
twist: they're still going to bill you for 3 hours
A Jurisprudence is Performed
  08/10/19
...
;.;.;.;....;;;;;...;;;;;.;.;.;;;..;;.;;
  08/10/19
Or I'll just do it myself and they get to bill for nothing.
macguffin
  08/10/19
...
waiting for the great leap forward
  08/09/19
You don't make 300k. You aren't an MD.
Liberal Arts & Crafts
  08/09/19
Tbf, given tech advances, no one in any paper job should nee...
barnabyjones
  08/11/19
those with specialized knowledge who are actually unique and...
\"\'\"\'\"\'\'\"\"\"
  08/09/19
We found SEC 15c3 man.
I really dont care do u?
  08/09/19
he wishes he were that unique
Non sequitur
  08/09/19
Now write me an opinion on excess net capital repatriation f...
ARE Reptile
  08/09/19
and that stuff is 0.00003% of BIGLAW revenue. nearly all fee...
...,...,.::..;,.,:,:,,..,::.,:,.,.:.:.,:.::.,
  08/09/19
Can you please leave this thread? The adults are talking
nutella
  08/09/19
...
;.;.;.;....;;;;;...;;;;;.;.;.;;;..;;.;;
  08/09/19
...
'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA
  08/09/19
...
Liberal Arts & Crafts
  08/09/19
...
Chill Bisexual Mr. Silly
  08/09/19
lmao
cannon
  08/09/19
180
zoomer
  08/09/19
...
Fuming Yosemite Sam
  08/09/19
...
bowlcut autist
  08/10/19
...
Hysterical bitchmade deepstate faggot
  08/10/19
oof
Anne Frank sporting a full bush
  08/13/19
Those poor income partners making only $700,000... the horro...
Fyre festival founder
  08/09/19
TBF they get shitcanned on the reg now. Turnover is almsost ...
ARE Reptile
  08/09/19
True, but I think its pretty easy for service partners to ju...
Fyre festival founder
  08/09/19
800k Not invited were another 560 partners, who were back...
Non sequitur
  08/09/19
800k is the max, most service partners are more like 500k
waiting for the great leap forward
  08/09/19
Every time I hear a higher up at my firm talk about profit p...
I really dont care do u?
  08/09/19
This whole aspect of the law is a travesty. I actually star...
:::;;::;:;;;;::::;;;::;;;;;
  08/09/19
180
short man
  08/09/19
If you don’t grab for every dollar you will be left be...
wagecuck who has lost the joie de vivre
  08/09/19
ljl @ this dumb goyishe logic. better to discuss money up fr...
'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA
  08/09/19
It is a noble profession about service lol r u flame, thi...
AZNgirl telling Bill Barr to wiretap her pussy
  08/09/19
...
\"\'\"\'\"\'\'\"\"\"
  08/09/19
(Mortimer Shlomo)
No Paye No Gain
  08/09/19
NAME THE JEW
Jared Taylor
  08/09/19
ljl @ author ignoring padding & the dbg billing method: ...
'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA
  08/09/19
...
sealclubber
  08/11/19
watch FATAL ATTRACTION & comment in relation to this top...
A Fresh Young WHORE In The Territory
  08/09/19
seeing as how none of you fags will rise to the occasion, i ...
A Fresh Young WHORE In The Territory
  08/09/19
Boomers moving the goalposts, pulling up the ladder, and com...
;.,:;,.;:,;.,:;.,:;.,;,.:
  08/09/19
i think the opposite. i think the shitboomer partners are da...
'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA
  08/09/19
The ones who are not leaving are the ones with the most clie...
Liberal Arts & Crafts
  08/09/19
there's ALWAYS an exception for king boomer
Neal V. Stephens 410 Alabama Dr. Herndon VA 20170
  08/09/19
I hate Boomers so much
Chill Bisexual Mr. Silly
  08/09/19
...
CapTTTainFalcon
  08/13/19
...
donald draper
  08/10/19
...
gunneratttt
  08/12/19
So Cleary and Cravath are still 180 firms
;.;.;.;....;;;;;...;;;;;.;.;.;;;..;;.;;
  08/09/19
CR just be way above median at CCN and work at those firms.
CapTTTainFalcon
  08/09/19
when's the last time a straight white male has made partner ...
'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA
  08/09/19
https://www.cravath.com/Cravath-Announces-New-Partners-11-08...
;.;.;.;....;;;;;...;;;;;.;.;.;;;..;;.;;
  08/09/19
He said straight
mother mcree\'s uptown jug champs
  08/09/19
...
'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA
  08/11/19
https://www.clearygottlieb.com/news-and-insights/news-listin...
;.;.;.;....;;;;;...;;;;;.;.;.;;;..;;.;;
  08/09/19
Holy shit only 3 partners
'""''"""'''""
  08/09/19
JFC it's hard AF to make partner these days: 7 years in-h...
CapTTTainFalcon
  08/09/19
...
donald draper
  08/10/19
CR. You would think he gets a lot of Citibank work...I wond...
InTheZone
  08/11/19
Someone link recent thread on cravaTTTh moving to open offic...
Two 115-IQ Redditors stealing in Golden Balls
  08/09/19
Why do corporate clients pay these rates?
*<[]:D
  08/09/19
Because if shit goes wrong, you can say well I hired...
........,.,.,.,,,,,,,.....,
  08/09/19
We don’t pay those rates for routine work anymore. We ...
.,.,...,..,.,.,:,,:,.,.,:::,....,:,..,:.:.,:.::,
  08/09/19
How do you know whether something's routine or high stakes w...
;.;.;.;....;;;;;...;;;;;.;.;.;;;..;;.;;
  08/10/19
Because it’s my job to know that. Some of the cases ar...
.,.,...,..,.,.,:,,:,.,.,:::,....,:,..,:.:.,:.::,
  08/10/19
For serious matters involving a regulator, some cross border...
PrimarkSpecial
  08/10/19
Yeah, this is pretty much an exact summary of where I go to ...
macguffin
  08/10/19
Yea. I can see that. With the regulators, outside counsel is...
PrimarkSpecial
  08/10/19
Legitimate law firms touch cannabis? Jesus things must be de...
*<[]:D
  08/10/19
This is a nice example of where we'd use the expensive law f...
PrimarkSpecial
  08/10/19
If I was in a prestigious firm I wouldn’t assist in co...
*<[]:D
  08/10/19
That's why you use a Wachtell or Sullivan to avoid committin...
PrimarkSpecial
  08/10/19
That’s why you go to law firms that only do business i...
><<(^((*>
  08/11/19
ONE WEIRD TRICK
*<[]:D
  08/11/19
“The changes have pushed the spread between Kirkland&r...
Mance Rayder
  08/09/19
In-house people, why aren't you calling out the fake-partner...
~~(> ' ' )>
  08/09/19
I, for one, do this constantly. And also the "let's hav...
macguffin
  08/09/19
There’s very little advantage to treating your dept as...
abcxyzabc
  08/09/19
Oh, I don't treat us as a cost center -- spending money on t...
macguffin
  08/09/19
well youre an associate general counsel, so 2 partners and 3...
Liberal Arts & Crafts
  08/09/19
Also, in the days of high-priced megafirms, using a big name...
macguffin
  08/09/19
I told my biglaw litigation outside counsel flat-out that I ...
Sotomayor McCheese
  08/10/19
Please describe a billing trick or two. I'm working on a lit...
CapTTTainFalcon
  08/10/19
The one that drives me the craziest is firms insisting that ...
macguffin
  08/10/19
ljl @ this in-house douchebag w his dumb "policy" ...
'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA
  08/11/19
...
;.;.;.;....;;;;;...;;;;;.;.;.;;;..;;.;;
  08/11/19
lol you think they would suddenly stop padding if they decid...
tnsj
  08/11/19
they pad more to get even
'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA
  08/11/19
ljl litmos *looks in mirror and pulls trigger*
donald draper
  08/10/19
We tend to do fixed (or sometimes capped) fee arrangements. ...
PrimarkSpecial
  08/10/19
Churn that bill, baby!
honiara
  08/09/19
Rates are going down for stuff that any smart lawyer can do....
.,.,...,..,.,.,:,,:,.,.,:::,....,:,..,:.:.,:.::,
  08/09/19
Paul, Weiss declined to comment,?
Proctolgia Fugax + HSV1 + Androgenic Alopecia
  08/10/19
why the fuck don't they call themselves Paul Weiss? does any...
CapTTTainFalcon
  08/10/19
They should just shorten it to Paul, like Milbank did
;.;.;.;....;;;;;...;;;;;.;.;.;;;..;;.;;
  08/10/19
They did this for their fast casual bakery brand
waiting for the great leap forward
  08/10/19
"paul weiss" sounds much more like one jewish guy
'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA
  08/11/19
"Paul Weiss declined to comment." JFC absolutel...
CapTTTainFalcon
  08/11/19
...
'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA
  08/11/19
(It’s 2008) and what a smug pic of Portnoy
longwangpoontang
  08/11/19
If you knew nothing about Kirkland, that picture would tell ...
CapTTTainFalcon
  08/11/19
Elliott Portnoy is the Global Chief Executive Officer (CEO) ...
;.;.;.;....;;;;;...;;;;;.;.;.;;;..;;.;;
  08/11/19
Elliot, I think Kirkland would pay you two times what you ma...
CapTTTainFalcon
  08/11/19
...
Non sequitur
  11/29/19


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Date: August 9th, 2019 12:28 PM
Author: Non sequitur

Being a Law Firm Partner Was Once a Job for Life. That Culture Is All but Dead.

At the modern law firm, not all partners are created equal, and data and billings rule

By Sara Randazzo

Aug. 9, 2019 10:53 am ET

Four hundred of Kirkland & Ellis LLP’s top lawyers gathered in May at an oceanfront resort in Southern California to toast another banner year.

Kirkland was the highest-grossing law firm in the world for the second year running, earning $3.76 billion in revenue. When a slide flashed on the screen, showing the value of the firm’s shares, the partners in the room quickly did the math. They would be taking home $1.75 million to $15 million.

Not invited were another 560 partners, who were back at the firm’s 15 offices around the world, working. Though outwardly carrying the same title as those lounging poolside in California, they hold no equity in the firm and generally can expect to make $800,000 at most. While a comfortable living, the salary and its implied second-class status is not the reward many expected after striving to join the venerated partnership.

This is life at the modern law firm, where not all partners are created equal, and data and money rule.

Being named a partner once meant joining a band of lawyers who jointly tended to longtime clients and took home comfortable, and roughly equal, paychecks. Job security was virtually guaranteed and partners rarely jumped ship.

That model, and the culture that grew up around it, is all but dead. Law firms are now often partnerships in name only. Full-time chief executives, some without law degrees, have replaced the senior partner running human resources and accounting. Law firm names have trended toward the shorter and snappier, more befitting a tote bag than a law library.

Many firms have expanded rapidly to mirror the growth of their corporate clients, with hundreds of partners spread around the world. The largest, Dentons, recently hit 10,000 lawyers in 78 countries, around a third of them partners.

“Can you be partners with someone you don’t even know?” said legal consultant Aric Press.

In the new paradigm, lawyers are expendable, and partners may jump to a competitor for the right amount of money, taking as many clients as possible with them on the way out.

Junior lawyers always worked long hours for years before being promoted, but that meant a kind of lifetime tenure. Today, making partner can take more than a decade and still requires scraping for new business. Become a partner, the industry saying goes, is like winning a pie-eating contest only to find the prize is more pie.

Elliott Portnoy, Dentons’s global chief executive, in Washington. Dentons is the world’s largest law firm, with 10,000 lawyers in 78 countries, around a third of them partners. PHOTO: LEXEY SWALL/GRAIN FOR THE WALL STREET JOURNAL

“If you get partners in their private moments to talk about ambitions for their children, I would be very surprised if many would articulate partnership in a large law firm,” said Elliott Portnoy, Dentons’s global chief executive.

Gradual change

In the 1980s, the most elite law firms were small and leaned on close ties to a few marquee clients passed down from one generation of partners to the next. Cravath, Swaine & Moore LLP worked for International Business Machines Corp. Davis Polk & Wardwell LLP represented Morgan Stanley . Shearman & Sterling LLP had Citibank. With a steady stream of work assured, few partners thought to look elsewhere.

In 1985, trade magazine American Lawyer began publishing the revenue and profits of the nation’s top firms. Partners suddenly realized they could make more money at a competitor. Often, clients followed them.

Meanwhile, firms grew and merged into one-stop legal shops, combing deal work, litigation, and tax and labor advice. In the late 1960s, the country’s largest was Shearman & Sterling, with 169 lawyers. Today there are 29 U.S. firms with at least 1,000 lawyers.

A focus on data replaced tightknit camaraderie. Firms closely track how many billable hours each lawyer has logged, which clients are late on payment, and how many hours an assignment usually takes.

When Miles Scully joined Gordon & Rees 30 years ago, he said, “I don’t know if we knew how to look at a financial statement.”

“It was still the ‘Mad Men’ days. We’d have three-martini lunches,” he said. “At the end of the year, you looked at what was in the bank account and distributed it.”

SHARE YOUR THOUGHTS

How much has your working life changed in recent years? Join the conversation below.

No firm embodies the changes more than Kirkland, which was founded in Chicago in 1909 and made its name on trial work for the Tribune Co. and other clients. The firm declined to comment for this article.

Over the past decade, Kirkland has become known for making high-price offers to rising stars at competitors, for $10 million a year or more in some cases. It has embraced the two-tiered partner system, made up of a junior class paid a set salary and an inner circle of equity partners, who split the firm’s profits.

The system is meant to reward ambitious young lawyers faster, before they weary of the entry-level title of associate. Left unsaid: The promotion often justifies a bump in their hourly rate to around $1,000, which enriches senior partners who share in the firm’s profits.

The changes have pushed the spread between Kirkland’s highest- and lowest-paid partners to 43-to-1. Among its equity partners, the spread is nearing 9 to 1. Traditionally, the best-paid partner made no more than three or four times the most junior at the nation’s top law firms.

Kirkland & Ellis's office building entrance in New York. The firm has embraced the two-tiered partner system. PHOTO: MICHAEL BUCHER/THE WALL STREET JOURNAL

Leaders at rival firms say Kirkland’s pay has forced them to pay their own top performers more, at risk of blowing apart their culture.

Simpson Thacher & Bartlett LLP, a frequent target of Kirkland’s poaching efforts, has boosted the range between highest and lowest paid partners from less than 4-to-1 to about 6-to-1 in recent years, according to one partner. Top partners earn about $9 million. Simpson declined to comment.

The investment-bank model

When David Greenwald returned to co-lead Fried, Frank, Harris, Shriver & Jacobson LLP in 2013 after a turn as a top Goldman Sachs in-house lawyer, the Wall Street firm was dragging. Revenue had fallen 17% since 2007 and competitors were picking off its lawyers.

One problem, he noticed, was that partners were notoriously lax about turning in their timesheets, which meant clients weren’t always getting billed. The slips were costing the firm $6 million a year.

Mr. Greenwald realized the firm needed to operate less like a law firm partnership and more like the investment bank he’d just left, if it wanted to survive.

He closed underperforming Asia offices and created a finance committee. All partners had to turn in plans for how to expand their businesses. Partners were paid more on merit than seniority, and could no longer see how much each of their peers made.

And Mr. Greenwald told partners to submit their timesheets every week or risk a fine.

Average profits for equity partners at Fried Frank have doubled since 2013, to more than $3 million last year, according to the firm. Gone is the egalitarianism that marked Mr. Greenwald’s early days at the firm: Fried Frank’s highest-paid partner makes 13 times its lowest-paid.

“We’re all on the path from being small partnerships, in which everyone can get in a room and debate and make a decision, to by necessity having to centralize a lot of the decision-making in a group of people or an individual,” Mr. Greenwald said.

That journey from partnerships to profit machines has made some lawyers very wealthy. At the 15 most-profitable law firms, top partners bill on average $1,655 an hour and their rates are rising faster than inflation, according to legal analytics company Bodhala.

At the nation’s 100 largest firms, average equity-partner profits have doubled since 2004, to $1.88 million last year, according to American Lawyer. Eight firms average more than $4 million.

“We’re making much more than anybody who doesn’t save lives deserves,” said David Boies, the litigator who broke off from Cravath in 1997 to launch his own firm. In his best years, Mr. Boies has paid himself $25 million, a spokeswoman confirmed.

Pity the associate

As firms compete to keep profits rising for those at the top, lawyers further down the ladder are sometimes getting left behind. Promising associates who could once expect to be named a partner within seven or eight years are waiting 10 years or more.

Firms have created new steppingstones along the way to appease them—and keep them grinding.

One newly promoted partner at a big firm said he was shocked to learn he would have to spend a year as counsel, an increasingly popular interim title. The firm told him it was to prepare him for the bigger change of being partner. “I wouldn’t be a cynical lawyer if I didn’t think there were other profit-motive reasons,” he said.

Another popular stop-off is “non-equity partner,” the title held by those 560 Kirkland lawyers not invited to the California retreat. They earn a salary rather than sharing firm profits.

In 2000, 78% of partners held equity in their firms, according to American Lawyer’s ALM Intelligence. Last year, 56% did.

At Kirkland, junior partners compete each year for a few coveted slots in the equity-earning partnership, many billing more than 2,500 hours a year to try to set themselves apart. Given how much of the day’s work isn’t billable, that can require working 80 hours or more a week.

At elite New York firms, a two-tiered system was once unthinkable. Partners were partners. In the past year, however, cracks have emerged at two of them.

Simpson Thacher’s leaders told partners in April that they plan to start naming non-equity partners. It is hard not to see the move as a response to poaching by Kirkland, which has lured away more than a dozen Simpson lawyers since 2016, most of them associates and counsel that Kirkland made into partners.

“If the firm won’t be loyal to you,” said David Lat, a longtime lawyer and legal blogger turned recruiter, “why should you be loyal to the firm?”

Willkie Farr & Gallagher LLP, a 131-year old firm that was home to a future U.S. Supreme Court Justice and two New York governors, made a similar announcement this spring when it rolled out a two-tiered partnership. Its leaders said the move is intended to reward promising young lawyers earlier and make the firm more competitive in recruiting.

“It was getting harder to tell associates, ‘stick around for 10 years and see what happens then,’ ” said Willkie’s chairman, Steven Gartner. “They wanted more certainty and wanted it sooner.”

Making partner doesn’t just take longer. It takes hustle. A few decades ago, partner titles were handed out largely on the basis of being technically proficient. Now, being a business generator is a crucial component.

Janice Mac Avoy, a Fried Frank partner, said when she earned the partner title 23 years ago, the business model was “wait for the phone to ring” and do a good job for the client on the other end.

When a partner suggested a lawyer being considered for promotion had great contacts and could generate new business, she recalls a fellow partner saying, “You know that’s not an appropriate consideration.”

Those who do make the cut encounter a new set of stressors. Bureaucratic tasks pile on top of the same billable-hour expectations. New partners face pressure to bring in enough new business to cover their own salary, plus those beneath them.

Kevin Smith went to law school in the early 2000s because he had lawyers in his family and wasn’t sure what else to do. After graduating, he clerked for two federal judges then joined an international law firm.

Making partner five years later was one of the best days of his life, he says. He soon realized the new title “makes all the bad things worse” about working in a law firm.

“There’s more email, more of the blame if anything goes wrong, just more stress in general,” he said.

After 6½ years, he quit the partnership to travel abroad while working part time for the firm.

The holdouts

Even as the world changes around them, some law firms are holding on to the old partnership ethos.

A handful of law firms still operate under a lockstep compensation system, which pays partners in a relatively tight band based on seniority, rather than how much revenue they bring in.

At one such firm, Cleary Gottlieb Steen & Hamilton LLP, the hierarchy is laid out on the firm’s letterhead, where partners are listed by rank. (The list doubles as a handy tool for summer interns unsure which partner assigning them tasks is more important.)

Cravath, another lockstep firm and long considered one of the nation’s most elite, recently celebrated its 200th year with a party at the New-York Historical Society. Guests left with a glossy coffee-table book titled “Becoming Cravath” that highlights the firm’s most famous clients and boasts of the “Cravath system” of nurturing talent.

The firm’s partners are still, by any measure, well-paid; the average made $4.6 million last year, according to American Lawyer. But being paid by years of service, rather than productivity, can fail to keep the biggest rainmakers happy.

A high-profile deal partner, Scott Barshay, jumped in 2016 from Cravath to New York firm Paul, Weiss, Rifkind, Wharton & Garrison LLP. Mr. Barshay, who brought over clients including IBM and Xerox Corp., is now one of a handful of Paul Weiss partners paid more than $10 million a year, according to people familiar with his pay.

Paul Weiss declined to comment.

The firm has long had a modified lockstep model, which gives Chairman Brad Karp the ability to pay bonuses to those at the top.

Mr. Karp has expressed concern about what’s happening to the profession. At a December 2017 meeting of the firm’s partners, he lamented that modern law firms bore little resemblance to those a decade earlier, before the recession hit.

“Many law firms have become so focused on the next client, the next matter, the next dollar, that they have failed to notice the gradual, but inexorable, disintegration of their cultural glue,” he said, according to a transcript of his remarks.

In the same talk, he touted that Paul Weiss profits had risen 92% over the previous decade.

Last year, they rose even higher, to an average of $5.02 million per partner.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661461)



Reply Favorite

Date: August 9th, 2019 12:32 PM
Author: ,.,.,.,..,.,.,:,,:,,.,:::,.,,.,:.,,.:.,:.,:.::,.


Being a biglaw partner only seems 180 if you're a rainmaker who is responsible for bring in clients, but rarely does any real legal work. You get to enjoy a 7 figure (or even 8 figure) income while working 40 hours a week or less.

Being a service partner who works 70-80 hours a week doing actual legal work sounds awful.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661474)



Reply Favorite

Date: August 9th, 2019 12:37 PM
Author: 'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA (✡️)

Thanks, captain obvious.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661517)



Reply Favorite

Date: August 9th, 2019 1:31 PM
Author: american space force turkey (sellcuck)



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661788)



Reply Favorite

Date: August 9th, 2019 3:04 PM
Author: Rafael Ironside, FIVE TIME ATP Year-End #1



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38662356)



Reply Favorite

Date: August 9th, 2019 3:35 PM
Author: CapTTTainFalcon



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38662488)



Reply Favorite

Date: August 9th, 2019 4:19 PM
Author: Jared Taylor



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38662696)



Reply Favorite

Date: August 9th, 2019 6:06 PM
Author: Chill Bisexual Mr. Silly



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663190)



Reply Favorite

Date: August 10th, 2019 2:49 AM
Author: donald draper



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38664714)



Reply Favorite

Date: August 10th, 2019 9:54 AM
Author: Hysterical bitchmade deepstate faggot



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38665164)



Reply Favorite

Date: August 11th, 2019 2:17 PM
Author: Bull Barr



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38670532)



Reply Favorite

Date: August 9th, 2019 6:33 PM
Author: QueenLaBEEFah

There are very few rainmakers who aren’t workaholics. Client development is hard work, most niches you’re actually expected to do the most urgent work you bring in, and you don’t become a rainmaker by not working your ass off in the first place.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663266)



Reply Favorite

Date: August 9th, 2019 9:09 PM
Author: macguffin (an apparatus for trapping lions in the Scottish Highlands)

You also have to be way more responsive. Service partners have to do more actual work, but if you're the rainmaker who's the "relationship partner" for big clients, you have to be responsive nearly 24/7. And lol if you think you're ever taking a real vacation.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663852)



Reply Favorite

Date: August 10th, 2019 8:54 AM
Author: A Jurisprudence is Performed (Dictated But Not Read)

yeah it's mostly xo flame that rainmakers just go to lunches with clients and pass all the real work off to others

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38664969)



Reply Favorite

Date: August 10th, 2019 9:10 AM
Author: .,.,...,..,.,.,:,,:,.,.,:::,....,:,..,:.:.,:.::,


They “work” by being on conference calls all day. But they do push off all of the actual reading, writing, etc. to others.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38664994)



Reply Favorite

Date: August 10th, 2019 9:26 AM
Author: Mainlining the secret truth of the universe (We Are The Goon Squad & We're Coming to Town. Beep beep!)



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38665050)



Reply Favorite

Date: August 9th, 2019 12:32 PM
Author: donny (retired) (donny)



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661478)



Reply Favorite

Date: August 9th, 2019 12:36 PM
Author: Non sequitur

LOL AT FUCKING BOOMERS RUINING EVERYTHING

Janice Mac Avoy, a Fried Frank partner, said when she earned the partner title 23 years ago, the business model was “wait for the phone to ring” and do a good job for the client on the other end.

When a partner suggested a lawyer being considered for promotion had great contacts and could generate new business, she recalls a fellow partner saying, “You know that’s not an appropriate consideration.”

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661514)



Reply Favorite

Date: August 9th, 2019 12:41 PM
Author: cannon

LJL

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661532)



Reply Favorite

Date: August 9th, 2019 12:45 PM
Author: A Jurisprudence is Performed (Dictated But Not Read)

don't forget the firm handshake

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661567)



Reply Favorite

Date: August 9th, 2019 2:13 PM
Author: dont run Clinton Epstein seeswhoops never mind lol



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38662071)



Reply Favorite

Date: August 11th, 2019 7:08 PM
Author: barnabyjones

Boomers are only part to blame. Their Jewish overlords changed the culture. Same thing with banking.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38671895)



Reply Favorite

Date: August 9th, 2019 12:41 PM
Author: wagecuck who has lost the joie de vivre

Becoming a lawyer was a mistake.

All of this after you absolutely wrong yourself dry in the meat grinder for 10+ years.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661534)



Reply Favorite

Date: August 9th, 2019 12:41 PM
Author: Turkey McTurkerson (fratty)

The largest, Dentons, recently hit 10,000 lawyers in 78 countries, around a third of them partners.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661536)



Reply Favorite

Date: August 9th, 2019 1:07 PM
Author: Judas Jones

Something like 2% of the world's lawyers are with Dentons.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661668)



Reply Favorite

Date: August 9th, 2019 3:33 PM
Author: Neal V. Stephens 410 Alabama Dr. Herndon VA 20170

Do they even bother with conflicts checks? Or they just dare people to DQ them?

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38662480)



Reply Favorite

Date: August 9th, 2019 6:05 PM
Author: '""''''"'

I think I might work there and not even realize it

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663179)



Reply Favorite

Date: August 9th, 2019 6:28 PM
Author: Hungry, forkless and losing patience.



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663250)



Reply Favorite

Date: August 9th, 2019 7:34 PM
Author: CapTTTainFalcon



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663481)



Reply Favorite

Date: August 9th, 2019 7:42 PM
Author: zoomer ()



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663514)



Reply Favorite

Date: August 9th, 2019 8:50 PM
Author: waiting for the great leap forward (ggtp)



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663764)



Reply Favorite

Date: August 9th, 2019 9:12 PM
Author: ,,,,....,..,...,....,.



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663865)



Reply Favorite

Date: August 10th, 2019 4:04 AM
Author: bowlcut autist



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38664801)



Reply Favorite

Date: August 10th, 2019 7:43 AM
Author: Gen. Elba (Space Force Lib-Command)



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38664880)



Reply Favorite

Date: August 10th, 2019 9:55 AM
Author: Hysterical bitchmade deepstate faggot



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38665166)



Reply Favorite

Date: August 9th, 2019 12:42 PM
Author: ARE Reptile

Just do sales, bro.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661540)



Reply Favorite

Date: August 9th, 2019 12:42 PM
Author: No Paye No Gain

Lol at biglaw faggots.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661543)



Reply Favorite

Date: August 9th, 2019 12:43 PM
Author: Non sequitur

also lol at $1655/hour - seems like there was awe about rates hitting 1k a few years ago

That journey from partnerships to profit machines has made some lawyers very wealthy. At the 15 most-profitable law firms, top partners bill on average $1,655 an hour and their rates are rising faster than inflation, according to legal analytics company Bodhala.



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661548)



Reply Favorite

Date: August 9th, 2019 12:44 PM
Author: ARE Reptile

That is beyond insane actually.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661559)



Reply Favorite

Date: August 9th, 2019 12:49 PM
Author: 'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA (✡️)

Top partner rates are irrelevant. Total red herring.

And David bodies at trial for $1500 an hour is actually money well spent over comma checkers at $800 padding the fuck out of bills

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661584)



Reply Favorite

Date: August 9th, 2019 2:04 PM
Author: Hombre 3000 (❄️CocaineMitch@senate.gov❄️)



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661999)



Reply Favorite

Date: August 9th, 2019 3:10 PM
Author: Chill Bisexual Mr. Silly

Boies is past his prime.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38662387)



Reply Favorite

Date: August 9th, 2019 3:25 PM
Author: 'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA (✡️)

sup alan?

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38662456)



Reply Favorite

Date: August 9th, 2019 3:18 PM
Author: Rafael Ironside, FIVE TIME ATP Year-End #1

it's also not even the rates but the STAFFING. the number of people dramatically increases bills.

so it's not that the two m&a partners on the deal billing at a combined $2500 per hour should really be $2000. it's that on the call you also have the tax partner at $1200, a mid-level/senior associate at $800 and 1-2 juniors at $5-600 per. so that hour long call is costing $5500.

Think about 2 juniors doing a diligence memo. They might split the work then do summaries and an exec summary for their sections. Then they will look at each other's work. Then a mid-level or senior associate will review and ask questions and make comments. Then the senior associate will look at it again before the junior partner gets it.

That's a lot of fucking staffing on a diligence memo.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38662414)



Reply Favorite

Date: August 9th, 2019 3:25 PM
Author: 'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA (✡️)



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38662455)



Reply Favorite

Date: August 9th, 2019 3:26 PM
Author: Rafael Ironside, FIVE TIME ATP Year-End #1

staffing imo is always what drives bill disparity between top biglaw firms, on the one hand, and those midlaw or boutique firms who have some very good lawyers.

the former has rates maybe twice as high on average, but the bills can be 4-5x because of extra staffing.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38662462)



Reply Favorite

Date: August 9th, 2019 5:41 PM
Author: 'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA (✡️)

cr. huge prole tell to hear someone rant about $1500 partner billing rates.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663064)



Reply Favorite

Date: August 9th, 2019 6:06 PM
Author: '""''''"'



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663189)



Reply Favorite

Date: August 9th, 2019 6:04 PM
Author: nutella

One of our cases had 3 paralegals billing at $350/hr. It really adds up.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663175)



Reply Favorite

Date: August 9th, 2019 6:44 PM
Author: ~~(> ' ' )>

And you bent over and took it from those paralegals.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663305)



Reply Favorite

Date: August 9th, 2019 6:51 PM
Author: michael doodikoff

That’s higher than my hourly rate lmao

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663328)



Reply Favorite

Date: August 10th, 2019 9:35 AM
Author: A Jurisprudence is Performed (Dictated But Not Read)



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38665090)



Reply Favorite

Date: August 9th, 2019 9:13 PM
Author: macguffin (an apparatus for trapping lions in the Scottish Highlands)

I agree with this 100%. The other issue is that for a long time, the bills were being signed off on by senior in-house people who had neither the time or the interest in going through the bills to figure out who was doing what, and instead just signed off on shit. This is definitely changing.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663867)



Reply Favorite

Date: August 9th, 2019 11:25 PM
Author: .,.,...,..,.,.,:,,:,.,.,:::,....,:,..,:.:.,:.::,


Yup. And on routine cases there are plenty of decent biglaw firms willing to do the work relatively cheaply.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38664341)



Reply Favorite

Date: August 9th, 2019 12:43 PM
Author: A Jurisprudence is Performed (Dictated But Not Read)

A focus on data replaced tightknit camaraderie. Firms closely track how many billable hours each lawyer has logged, which clients are late on payment, and how many hours an assignment usually takes.

When Miles Scully joined Gordon & Rees 30 years ago, he said, “I don’t know if we knew how to look at a financial statement.”

“It was still the ‘Mad Men’ days. We’d have three-martini lunches,” he said. “At the end of the year, you looked at what was in the bank account and distributed it.”

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661551)



Reply Favorite

Date: August 9th, 2019 12:45 PM
Author: ARE Reptile

And then the actual sociopaths took over from the mere womanizers.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661566)



Reply Favorite

Date: August 9th, 2019 3:11 PM
Author: Guy Debord

Jews reached a tipping point in the profession and women added to the mix.

It used to be a "gentlemanly" profession -- which meant WASP gentlemen. They knew their adversaries from the club, college, fraternity, etc. You could have martinis at lunch because there was not some harpy or Morty back at the office waiting to chew you out.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38662388)



Reply Favorite

Date: August 9th, 2019 3:30 PM
Author: Rafael Ironside, FIVE TIME ATP Year-End #1



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38662477)



Reply Favorite

Date: August 9th, 2019 12:45 PM
Author: \"\'\"\'\"\'\'\"\"\"

why do aspie service partners who can't bring in business deserve better pay? Legal work isn't hard. These people are completely interchangeable.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661568)



Reply Favorite

Date: August 9th, 2019 12:48 PM
Author: ARE Reptile

Good luck actually finding the five people on planet earth who even know what SEC Rule 15c3-1 means. Its the two guys who wrote it and their 3 best friends. Nobody else. The idea that people in these miniscule sub-sub-sub specialities are interchangeable is BS. The fact that like 5 people on earth do this shit is why you can charge $1665 an hour and cant dump this shit on any old midlaw firm.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661581)



Reply Favorite

Date: August 9th, 2019 12:50 PM
Author: Non sequitur

(guy desperately pleading with boss to keep his job

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661595)



Reply Favorite

Date: August 9th, 2019 12:52 PM
Author: ARE Reptile

I do Reg W stuff. Maybe 200 people on the planet know their way around Reg W. Its why I can make 300k a year working like 4 hours a day substantively.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661601)



Reply Favorite

Date: August 9th, 2019 12:55 PM
Author: Non sequitur

wow 300k a year ur amazing

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661618)



Reply Favorite

Date: August 9th, 2019 12:56 PM
Author: I really dont care do u?

Not to be a dick, but I think some shmoe at Gordon Rees could figure it the fuck out if he had the time and the desire to.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661622)



Reply Favorite

Date: August 9th, 2019 9:14 PM
Author: macguffin (an apparatus for trapping lions in the Scottish Highlands)

Sure, but he'd have to spend the time doing it and would probably bill a ton in the process. Biglaw has perverse incentives -- the people who really know the niche areas and can answer a question in 30 seconds are undervalued because they can't/won't bill 3 hours for that.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663871)



Reply Favorite

Date: August 10th, 2019 8:55 AM
Author: A Jurisprudence is Performed (Dictated But Not Read)

twist: they're still going to bill you for 3 hours

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38664970)



Reply Favorite

Date: August 10th, 2019 8:58 AM
Author: ;.;.;.;....;;;;;...;;;;;.;.;.;;;..;;.;;




(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38664974)



Reply Favorite

Date: August 10th, 2019 3:23 PM
Author: macguffin (an apparatus for trapping lions in the Scottish Highlands)

Or I'll just do it myself and they get to bill for nothing.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38666845)



Reply Favorite

Date: August 9th, 2019 9:20 PM
Author: waiting for the great leap forward (ggtp)



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663892)



Reply Favorite

Date: August 9th, 2019 2:56 PM
Author: Liberal Arts & Crafts

You don't make 300k. You aren't an MD.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38662317)



Reply Favorite

Date: August 11th, 2019 7:20 PM
Author: barnabyjones

Tbf, given tech advances, no one in any paper job should need to work four hours a day.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38671967)



Reply Favorite

Date: August 9th, 2019 12:52 PM
Author: \"\'\"\'\"\'\'\"\"\"

those with specialized knowledge who are actually unique and valuable will be able to command higher rates. this is not the case with most of these people. they should consider themselves fortunate the producers let them earn a few hundred thousand a year.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661604)



Reply Favorite

Date: August 9th, 2019 12:54 PM
Author: I really dont care do u?

We found SEC 15c3 man.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661613)



Reply Favorite

Date: August 9th, 2019 12:54 PM
Author: Non sequitur

he wishes he were that unique

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661616)



Reply Favorite

Date: August 9th, 2019 12:56 PM
Author: ARE Reptile

Now write me an opinion on excess net capital repatriation from sub to parent in light of the rule. Good luck getting a firm to do this for under $200k.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661625)



Reply Favorite

Date: August 9th, 2019 3:34 PM
Author: ...,...,.::..;,.,:,:,,..,::.,:,.,.:.:.,:.::.,


and that stuff is 0.00003% of BIGLAW revenue. nearly all fees come from standard, interchangeable old CapMarkets and Public M&A / PE M&A.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38662483)



Reply Favorite

Date: August 9th, 2019 4:29 PM
Author: nutella

Can you please leave this thread? The adults are talking

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38662748)



Reply Favorite

Date: August 9th, 2019 4:58 PM
Author: ;.;.;.;....;;;;;...;;;;;.;.;.;;;..;;.;;




(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38662875)



Reply Favorite

Date: August 9th, 2019 5:41 PM
Author: 'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA (✡️)



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663068)



Reply Favorite

Date: August 9th, 2019 6:05 PM
Author: Liberal Arts & Crafts



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663183)



Reply Favorite

Date: August 9th, 2019 6:07 PM
Author: Chill Bisexual Mr. Silly



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663194)



Reply Favorite

Date: August 9th, 2019 6:40 PM
Author: cannon

lmao

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663290)



Reply Favorite

Date: August 9th, 2019 7:44 PM
Author: zoomer ()

180

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663520)



Reply Favorite

Date: August 9th, 2019 11:51 PM
Author: Fuming Yosemite Sam



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38664449)



Reply Favorite

Date: August 10th, 2019 4:08 AM
Author: bowlcut autist



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38664807)



Reply Favorite

Date: August 10th, 2019 9:56 AM
Author: Hysterical bitchmade deepstate faggot



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38665168)



Reply Favorite

Date: August 13th, 2019 3:39 PM
Author: Anne Frank sporting a full bush

oof

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38681510)



Reply Favorite

Date: August 9th, 2019 12:57 PM
Author: Fyre festival founder

Those poor income partners making only $700,000... the horror!!

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661630)



Reply Favorite

Date: August 9th, 2019 12:59 PM
Author: ARE Reptile

TBF they get shitcanned on the reg now. Turnover is almsost associate level bad for them in areas like litigation where lawyers really are fungible.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661631)



Reply Favorite

Date: August 9th, 2019 1:08 PM
Author: Fyre festival founder

True, but I think its pretty easy for service partners to jump around and snag a Counsel position at some other big firm. They've proven they are mentally ill grinders. Not as easy for a shitcanned associate.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661674)



Reply Favorite

Date: August 9th, 2019 12:59 PM
Author: Non sequitur

800k

Not invited were another 560 partners, who were back at the firm’s 15 offices around the world, working. Though outwardly carrying the same title as those lounging poolside in California, they hold no equity in the firm and generally can expect to make $800,000 at most. While a comfortable living, the salary and its implied second-class status is not the reward many expected after striving to join the venerated partnership.



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661633)



Reply Favorite

Date: August 9th, 2019 9:00 PM
Author: waiting for the great leap forward (ggtp)

800k is the max, most service partners are more like 500k

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663813)



Reply Favorite

Date: August 9th, 2019 12:59 PM
Author: I really dont care do u?

Every time I hear a higher up at my firm talk about profit per partner or diversity I know my career is stalled.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661632)



Reply Favorite

Date: August 9th, 2019 1:05 PM
Author: :::;;::;:;;;;::::;;;::;;;;;


This whole aspect of the law is a travesty. I actually started a firm that does things the traditional way with my partner and it’s way better. We’ve never discussed money in our 5 years. There are times when I deserve more and he deserves more, but we both see the greater good. This whole trap of constantly grabbing dollars makes shit toxic and is essentially destroying law. It is a noble profession about service, and when it’s not all about money it’s actually a good gig. Maximizing income should not be your prime consideration to enjoy your legal career.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661658)



Reply Favorite

Date: August 9th, 2019 1:14 PM
Author: short man

180

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661689)



Reply Favorite

Date: August 9th, 2019 1:26 PM
Author: wagecuck who has lost the joie de vivre

If you don’t grab for every dollar you will be left behind.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661752)



Reply Favorite

Date: August 9th, 2019 1:26 PM
Author: 'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA (✡️)

ljl @ this dumb goyishe logic. better to discuss money up front and be honest about it than ignore it and let it be a friendship/partnership-ruining fight later on

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661758)



Reply Favorite

Date: August 9th, 2019 1:49 PM
Author: AZNgirl telling Bill Barr to wiretap her pussy

It is a noble profession about service

lol r u flame, this is the last thing u shld say abt this shit profession

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661895)



Reply Favorite

Date: August 9th, 2019 3:27 PM
Author: \"\'\"\'\"\'\'\"\"\"



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38662467)



Reply Favorite

Date: August 9th, 2019 3:20 PM
Author: No Paye No Gain

(Mortimer Shlomo)

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38662432)



Reply Favorite

Date: August 9th, 2019 4:20 PM
Author: Jared Taylor

NAME THE JEW

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38662704)



Reply Favorite

Date: August 9th, 2019 1:25 PM
Author: 'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA (✡️)

ljl @ author ignoring padding & the dbg billing method:

>>At Kirkland, junior partners compete each year for a few coveted slots in the equity-earning partnership, many billing more than 2,500 hours a year to try to set themselves apart. Given how much of the day’s work isn’t billable, that can require working 80 hours or more a week.



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661745)



Reply Favorite

Date: August 11th, 2019 1:36 PM
Author: sealclubber



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38670368)



Reply Favorite

Date: August 9th, 2019 2:02 PM
Author: A Fresh Young WHORE In The Territory

watch FATAL ATTRACTION & comment in relation to this topic, please

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38661986)



Reply Favorite

Date: August 9th, 2019 3:59 PM
Author: A Fresh Young WHORE In The Territory

seeing as how none of you fags will rise to the occasion, i note that even in 1987, lawyers worked like dogs evenings and weekends to make partner...see the movie fatal attraction:

https://www.ok.ru/video/30874733269

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38662595)



Reply Favorite

Date: August 9th, 2019 2:46 PM
Author: ;.,:;,.;:,;.,:;.,:;.,;,.:


Boomers moving the goalposts, pulling up the ladder, and complaining about how much worse the profession is now than 25 years ago, all at the same time.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38662251)



Reply Favorite

Date: August 9th, 2019 2:49 PM
Author: 'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA (✡️)

i think the opposite. i think the shitboomer partners are dancing in the endzone celebrating what a clusterfuck they're leaving this profession with -- when they ever leave.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38662268)



Reply Favorite

Date: August 9th, 2019 2:56 PM
Author: Liberal Arts & Crafts

The ones who are not leaving are the ones with the most clients too. Every law firms partnership agreement will kick you out when you're in your mid to late 60s but look how many 70+ boomer lawyers there still are with decent books.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38662312)



Reply Favorite

Date: August 9th, 2019 3:39 PM
Author: Neal V. Stephens 410 Alabama Dr. Herndon VA 20170

there's ALWAYS an exception for king boomer

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38662501)



Reply Favorite

Date: August 9th, 2019 6:07 PM
Author: Chill Bisexual Mr. Silly

I hate Boomers so much

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663197)



Reply Favorite

Date: August 13th, 2019 3:21 PM
Author: CapTTTainFalcon



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38681419)



Reply Favorite

Date: August 10th, 2019 2:55 AM
Author: donald draper



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38664718)



Reply Favorite

Date: August 12th, 2019 7:26 PM
Author: gunneratttt



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38677024)



Reply Favorite

Date: August 9th, 2019 6:03 PM
Author: ;.;.;.;....;;;;;...;;;;;.;.;.;;;..;;.;;


So Cleary and Cravath are still 180 firms

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663168)



Reply Favorite

Date: August 9th, 2019 6:08 PM
Author: CapTTTainFalcon

CR just be way above median at CCN and work at those firms.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663199)



Reply Favorite

Date: August 9th, 2019 6:12 PM
Author: 'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA (✡️)

when's the last time a straight white male has made partner at either firm?

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663210)



Reply Favorite

Date: August 9th, 2019 6:43 PM
Author: ;.;.;.;....;;;;;...;;;;;.;.;.;;;..;;.;;


https://www.cravath.com/Cravath-Announces-New-Partners-11-08-2017/

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663297)



Reply Favorite

Date: August 9th, 2019 8:19 PM
Author: mother mcree\'s uptown jug champs

He said straight

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663627)



Reply Favorite

Date: August 11th, 2019 12:34 PM
Author: 'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA (✡️)



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38670119)



Reply Favorite

Date: August 9th, 2019 6:43 PM
Author: ;.;.;.;....;;;;;...;;;;;.;.;.;;;..;;.;;


https://www.clearygottlieb.com/news-and-insights/news-listing/cleary-gottlieb-elects-13-new-partners-and-counsel?search=

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663303)



Reply Favorite

Date: August 9th, 2019 7:27 PM
Author: '""''"""'''""

Holy shit only 3 partners

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663460)



Reply Favorite

Date: August 9th, 2019 7:38 PM
Author: CapTTTainFalcon

JFC it's hard AF to make partner these days:

7 years in-house and 8 years as service partner ("counsel")

"From 2004 to 2011, Hugh served as associate general counsel at Citigroup, becoming a managing director in Citigroup’s Bank Regulatory Office in 2010. He was responsible primarily for U.S. bank and bank holding company regulatory advice to Citigroup’s global corporate and investment bank. Hugh joined the firm as counsel in 2011."

He probably did biglaw for a few years before in-house. 20 years to make equity partner v. boomer's 5 years.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663497)



Reply Favorite

Date: August 10th, 2019 2:55 AM
Author: donald draper



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38664719)



Reply Favorite

Date: August 11th, 2019 12:27 PM
Author: InTheZone

CR. You would think he gets a lot of Citibank work...I wonder if anything changed in 2018, like he became the relationship guy

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38670105)



Reply Favorite

Date: August 9th, 2019 8:21 PM
Author: Two 115-IQ Redditors stealing in Golden Balls

Someone link recent thread on cravaTTTh moving to open office plan

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663632)



Reply Favorite

Date: August 9th, 2019 7:36 PM
Author: *<[]:D (classical education at home -- Bauer)

Why do corporate clients pay these rates?

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663485)



Reply Favorite

Date: August 9th, 2019 10:22 PM
Author: ........,.,.,.,,,,,,,.....,


Because if shit goes wrong, you can say well I hired...

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38664134)



Reply Favorite

Date: August 9th, 2019 11:38 PM
Author: .,.,...,..,.,.,:,,:,.,.,:::,....,:,..,:.:.,:.::,


We don’t pay those rates for routine work anymore. We do pay the rates when it’s some high stakes matter, for strategic advice. Need a fancy $$$ firm to sign off on the decision in case it goes south.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38664389)



Reply Favorite

Date: August 10th, 2019 12:11 AM
Author: ;.;.;.;....;;;;;...;;;;;.;.;.;;;..;;.;;


How do you know whether something's routine or high stakes without a firm reviewing?

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38664489)



Reply Favorite

Date: August 10th, 2019 12:13 AM
Author: .,.,...,..,.,.,:,,:,.,.,:::,....,:,..,:.:.,:.::,


Because it’s my job to know that. Some of the cases are the same subject matter/issues again and again and again. Because some matters don’t involve huge transactions, have only $10 or $20 million at stake, etc. I have a big law firm involved in every case, but I’ll hire a firm that charges $500 for partners rather than one that charges $1000 when appropriate.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38664497)



Reply Favorite

Date: August 10th, 2019 8:40 AM
Author: PrimarkSpecial (CircuitCitySpecial )

For serious matters involving a regulator, some cross border trannies in markets where we lack expertise, and investments that may pose high unusual regulatory or legal risk, e.g., investment in cannabis companies. Even then, the advice may be of limited use with a ton of carveouts or qualifications.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38664945)



Reply Favorite

Date: August 10th, 2019 3:22 PM
Author: macguffin (an apparatus for trapping lions in the Scottish Highlands)

Yeah, this is pretty much an exact summary of where I go to outside counsel, just for the CYA (even though I know this stuff as well as they do). Regulators in particular are dangerous, because they don't give a shit and will say "no" if they're unhappy. But even then, it's more about getting outside counsel who has good relationships than it is getting actual expertise sometimes.

The cannabis thing is frustrating because in five years it's going to be completely legal and no different than alcohol companies, but we're in this weird transition period.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38666838)



Reply Favorite

Date: August 10th, 2019 6:40 PM
Author: PrimarkSpecial (CircuitCitySpecial )

Yea. I can see that. With the regulators, outside counsel is also helpful bc they may have helped out another client in a similar situation while it may be our first time dealing with that issue. Also, it is good to have a buffer/second set of eyes between you and the regulators.

Yea. It seems like ppl are itching to get in on the weed stuff. It's like a foot race and everyone is just waiting for a big player to do it so everyone else can follow

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38667655)



Reply Favorite

Date: August 10th, 2019 3:45 PM
Author: *<[]:D (classical education at home -- Bauer)

Legitimate law firms touch cannabis? Jesus things must be desperate.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38666964)



Reply Favorite

Date: August 10th, 2019 5:53 PM
Author: PrimarkSpecial (CircuitCitySpecial )

This is a nice example of where we'd use the expensive law firms. https://www.law.com/americanlawyer/2018/12/14/sullivan-cromwell-wachtell-advise-on-altrias-investment-in-cannabis-producer/?slreturn=20190710175023

I work at an asset mgr so we sometimes look at unconventional investments. The article is essentially phillip morris buying into Canada's lawful cannabis market. Issues arise when it is a US comp buying into it.

https://www.bloomberg.com/news/articles/2019-03-21/blackrock-funds-invest-in-pot-stock-as-legal-weed-gains-traction

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38667481)



Reply Favorite

Date: August 10th, 2019 7:00 PM
Author: *<[]:D (classical education at home -- Bauer)

If I was in a prestigious firm I wouldn’t assist in committing federal felonies at all.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38667705)



Reply Favorite

Date: August 10th, 2019 7:54 PM
Author: PrimarkSpecial (CircuitCitySpecial )

That's why you use a Wachtell or Sullivan to avoid committing a federal crime.

If Blackrock does it, you'll see other managers do it. There are a few ETFs out there. I recall reading that the SEC is requesting requires 3rd party legal opinions from the funds.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38667878)



Reply Favorite

Date: August 11th, 2019 12:44 PM
Author: ><<(^((*>

That’s why you go to law firms that only do business in one state, to avoid the Fed having interstate commerce jx over them

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38670162)



Reply Favorite

Date: August 11th, 2019 12:54 PM
Author: *<[]:D (classical education at home -- Bauer)

ONE WEIRD TRICK

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38670205)



Reply Favorite

Date: August 9th, 2019 8:24 PM
Author: Mance Rayder (/s/ Mance Rayder)

“The changes have pushed the spread between Kirkland’s highest- and lowest-paid partners to 43-to-1.“

LMAO Kirkland using the fake-partner model to fuck their clients with outrageous rates that only enrich the equity partners.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663643)



Reply Favorite

Date: August 9th, 2019 8:57 PM
Author: ~~(> ' ' )>

In-house people, why aren't you calling out the fake-partner rates?

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663798)



Reply Favorite

Date: August 9th, 2019 9:15 PM
Author: macguffin (an apparatus for trapping lions in the Scottish Highlands)

I, for one, do this constantly. And also the "let's have six people on a call" bullshit. One advantage of going biglaw --> in-house is that you know the tricks firms pull.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38663874)



Reply Favorite

Date: August 9th, 2019 10:11 PM
Author: abcxyzabc

There’s very little advantage to treating your dept as a cost center tho. Best move is to spend lavishly on counsel so you cover your ass legally, get taken out to dinners and events, and when your company inevitably gets bought up or whatever you can go work at the firm until the next GC roll opens up.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38664082)



Reply Favorite

Date: August 9th, 2019 10:53 PM
Author: macguffin (an apparatus for trapping lions in the Scottish Highlands)

Oh, I don't treat us as a cost center -- spending money on this shit is incredibly helpful, even if we can't quantify it, because it's difficult to actually point to cost savings by us not getting sued/fined.

We just don't need 2 partners, 3 associates, and a paralegal on a call about privacy policies when only one person is actually contributing.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38664224)



Reply Favorite

Date: August 9th, 2019 11:59 PM
Author: Liberal Arts & Crafts

well youre an associate general counsel, so 2 partners and 3 associates on the call is what youre going to get.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38664473)



Reply Favorite

Date: August 9th, 2019 11:03 PM
Author: macguffin (an apparatus for trapping lions in the Scottish Highlands)

Also, in the days of high-priced megafirms, using a big name is no longer a safe harbor. I've been in meetings where company execs have been like, "So you spent six figures on a big firm with expensive associates, and they still fucked it up? Why don't you use lawyers you personally know and trust?"

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38664254)



Reply Favorite

Date: August 10th, 2019 2:32 AM
Author: Sotomayor McCheese

I told my biglaw litigation outside counsel flat-out that I would fire them without a second thought if they pulled any of the usual billing tricks. They're good though, and their bills are reasonable.

For specialty matters I use boutiquemos that know what they're doing.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38664695)



Reply Favorite

Date: August 10th, 2019 2:36 AM
Author: CapTTTainFalcon

Please describe a billing trick or two. I'm working on a litigation matter and feel as if I were being tricked every day.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38664701)



Reply Favorite

Date: August 10th, 2019 3:19 PM
Author: macguffin (an apparatus for trapping lions in the Scottish Highlands)

The one that drives me the craziest is firms insisting that everything needs to be done in-person. They want to fly cross-country to meet with us on random matters (we obviously don't pay for travel time, but even the flight and hotel is ridiculous). They also try to push for linear doc-by-doc reviews by first-year associates at insane rates.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38666822)



Reply Favorite

Date: August 11th, 2019 12:31 AM
Author: 'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA (✡️)

ljl @ this in-house douchebag w his dumb "policy" who doesnt realize that firms are just padding to make up for whatever the client isnt paying for:

>>(we obviously don't pay for travel time, but even the flight and hotel is ridiculous)

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38668754)



Reply Favorite

Date: August 11th, 2019 1:15 PM
Author: ;.;.;.;....;;;;;...;;;;;.;.;.;;;..;;.;;




(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38670267)



Reply Favorite

Date: August 11th, 2019 4:42 PM
Author: tnsj

lol you think they would suddenly stop padding if they decided to pay for travel time?

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38671208)



Reply Favorite

Date: August 11th, 2019 8:34 PM
Author: 'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA (✡️)

they pad more to get even

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38672281)



Reply Favorite

Date: August 10th, 2019 2:57 AM
Author: donald draper

ljl litmos

*looks in mirror and pulls trigger*

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38664722)



Reply Favorite

Date: August 10th, 2019 8:53 AM
Author: PrimarkSpecial (CircuitCitySpecial )

We tend to do fixed (or sometimes capped) fee arrangements. If we do regular old school hourly, then we specifically ask them to use particular associates that are familiar with our business, if required.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38664967)



Reply Favorite

Date: August 9th, 2019 10:01 PM
Author: honiara

Churn that bill, baby!

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38664059)



Reply Favorite

Date: August 9th, 2019 11:43 PM
Author: .,.,...,..,.,.,:,,:,.,.,:::,....,:,..,:.:.,:.::,


Rates are going down for stuff that any smart lawyer can do. We piecemeal stuff like crazy. There are too many firms vying for business.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38664411)



Reply Favorite

Date: August 10th, 2019 2:53 AM
Author: Proctolgia Fugax + HSV1 + Androgenic Alopecia

Paul, Weiss declined to comment,?

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38664716)



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Date: August 10th, 2019 8:53 PM
Author: CapTTTainFalcon

why the fuck don't they call themselves Paul Weiss? does anyone think davis polk was founded by one dude named davis polk?

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38668043)



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Date: August 10th, 2019 9:05 PM
Author: ;.;.;.;....;;;;;...;;;;;.;.;.;;;..;;.;;


They should just shorten it to Paul, like Milbank did

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38668085)



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Date: August 10th, 2019 10:34 PM
Author: waiting for the great leap forward (ggtp)

They did this for their fast casual bakery brand

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38668415)



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Date: August 11th, 2019 12:42 PM
Author: 'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA (✡️)

"paul weiss" sounds much more like one jewish guy

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38670147)



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Date: August 11th, 2019 12:44 PM
Author: CapTTTainFalcon

"Paul Weiss declined to comment."

JFC absolutely devastating

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38670160)



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Date: August 11th, 2019 2:16 PM
Author: 'TIS THE SEASON TO TRICK THE GOYIM, FA LA LA LA LA (✡️)



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38670528)



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Date: August 11th, 2019 3:55 PM
Author: longwangpoontang

(It’s 2008) and what a smug pic of Portnoy

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38671040)



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Date: August 11th, 2019 4:58 PM
Author: CapTTTainFalcon

If you knew nothing about Kirkland, that picture would tell you everything.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38671275)



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Date: August 11th, 2019 6:08 PM
Author: ;.;.;.;....;;;;;...;;;;;.;.;.;;;..;;.;;


Elliott Portnoy is the Global Chief Executive Officer (CEO) of Dentons, the largest law firm in the world.

As Global CEO, Elliott is responsible for management of the global Firm and its unwavering commitment to integrated client service. Under Elliott’s leadership, Dentons is experiencing a period of exceptional growth and success.

Prior to the formation of Dentons, Elliott served as the youngest chairman of Sonnenschein Nath & Rosenthal, which later became SNR Denton, one of the legacy firms that combined to create Dentons. He joined Sonnenschein in 2002, founding its public policy practice and building a bipartisan cadre of lawyers and policy professionals into a team that Legal Times’ "Influence 50" survey called one of Washington, DC’s "top 10 lobbying practices." Roll Call ranked the practice as one of the top 25 in the US, and Chambers USA designated it one of the firm's outstanding practices.

Elliott serves on the Board of Directors of Catalyst, a global nonprofit working with some of the world’s most powerful CEOs and leading companies to help build workplaces that accelerate and advance women into leadership. He also serves on the Board of Trustees for Syracuse University.

Community service has been a constant in Elliott’s life. In addition to his nonprofit board service, he founded and remains on the Board of Directors of Kids Enjoy Exercise Now (KEEN), an innovative nonprofit that provides sports opportunities to children with severe and pro-found disabilities in the US and the UK. KEEN has provided service to thousands of children in Washington, Chicago, London, Los Angeles, New York, Oxford, Phoenix, San Francisco and St. Louis, and has trained more than 50,000 volunteers to serve young people with disabilities since its founding in 1989. He has received multiple awards for his work with KEEN, including recognition by Washingtonian magazine as a “Washingtonian of the Year.”

That same commitment to social responsibility is reflected in Dentons' support of nonprofit organizations and its partnerships with clients to improve local communities. Elliott promotes pro bono legal work and inclusion as vital components of the Firm’s mission and has been a vocal advocate of Dentons' relationships with nonprofit organizations around the world.

Elliott earned his PhD as a Rhodes Scholar at Oxford University and is a graduate of Harvard Law School and Syracuse University.

Recognition

Elliott has been recognized as a prominent public policy lawyer by multiple publications and organizations, including successive editions of Chambers USA, most recently as a "Top Washington Lawyer." He has also been called "inspiring" and a "dynamic and ambitious go-getter" by the Washington Business Journal, and cited as one of the top lobbyists in the nation by Washingtonian magazine. In addition, he has received multiple awards from nonprofit organizations for his community service and pro bono contributions.

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38671604)



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Date: August 11th, 2019 7:11 PM
Author: CapTTTainFalcon

Elliot, I think Kirkland would pay you two times what you make now...

(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#38671908)



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Date: November 29th, 2019 2:44 PM
Author: Non sequitur



(http://www.autoadmit.com/thread.php?thread_id=4319692&forum_id=2#39190313)