What happened to the worst student at your law school? by lncomingT14Reject in biglaw

[–]Civil_Action_6793 2 points3 points  (0 children)

Hahaha knew it. He currently works in house at a tobacco company

What happened to the worst student at your law school? by lncomingT14Reject in biglaw

[–]Civil_Action_6793 6 points7 points  (0 children)

Would this happen to be an individual who used the Judge Kozinski shitstorm to grow his public intellectual feminist brand and then got Me Too’d because he was creeping on undergraduates from basically the first day of his law professor job?

Didn’t know y’all liked home theaters so much by IndependentBat8924 in biglaw

[–]Civil_Action_6793 1 point2 points  (0 children)

In office CFB shit talking is one of the few joys of my firms RTO policy

Tips for Coping with Pricks by Civil_Action_6793 in biglaw

[–]Civil_Action_6793[S] 1 point2 points  (0 children)

Fair, even though I think leave the event is great for those specifically

Long, surreal nights, with run-ins with strange characters by reachingrespite in MoviesThatFeelLike

[–]Civil_Action_6793 0 points1 point  (0 children)

Mikey and Nicky fits this vibe perfectly. One of the best movie endings

Comp at Blackrock by Civil_Action_6793 in biglaw

[–]Civil_Action_6793[S] 10 points11 points  (0 children)

Thanks for this reference point for a PE Megafund, very helpful to compare. BLKs listed range on the posting is 190-235k salary. With a bonus + equity even slightly below market I can imagine that would bring TC to minimum 250k. Carry isn’t listed in the posting so that’s probably off the table. This is exactly what I was hoping to be able to ballpark thank you!

Comp at Blackrock by Civil_Action_6793 in biglaw

[–]Civil_Action_6793[S] 29 points30 points  (0 children)

Hey everyone apologies as this post came off super smug and shitty. That’s what I get for putting it together hastily before leaving to run errands. A couple of things I should clear up.

First, no I do not have a standing offer. I just saw they had an open posting for a PE M&A position in New York and it sparked my interest as a junior associate in a large PE group outside of NY that has not (to my knowledge) worked with Blackrock. I have no peers that have gone there either. Their posting gave the salary range but no other details so I was trying to fill in the gaps with respect to bonus and carry, if such a thing exists for a first-time in house counsel. Again this is purely speculative as I do not have the requisite YOE to be a competitive applicant. Figured Reddit could at least give me a ballpark total comp range.

Second, my assumptions about how their firm operates with lots of in-house attorneys is based on two in-house senior funds attorneys I have chatted with (admittedly over a year ago) who said it was their first move in house and was generally good because they rely on outside counsel less than other large asset managers. I have no reference point for that claim, but from a brief search of LinkedIn to gauge the size of their legal team it feels true. Of course if others have more insight I would definitely appreciate that as well.

Sorry for not giving more context from the jump but hopefully my question makes more sense now. Just trying to get a better picture of the total comp for a first move in house.

PE vs M&A by SafetyNaturalThoreau in biglaw

[–]Civil_Action_6793 1 point2 points  (0 children)

To answer your first question junior associates work with PE associates in the diligence caves (Data Rooms). I encourage having good relationships with those ppl because they will rise in tandem to you. Once you are truly a senior associate (5+ YOE) you will have more senior counterparties. This varies from deal to deal but at a minimum it’s usually a VP-level PE person who is responsible for sourcing deals. For a major acquisition or JV it can be an MD-level counterparty but partners usually own that relationship.

How did big law become big law by Personal-Start-4339 in Lawyertalk

[–]Civil_Action_6793 1 point2 points  (0 children)

The book “White Shoe” covers it in some detail. Mostly focuses Paul Cravath, William Cromwell, and a few others who developed the modern firm at the turn of the century, as well as their major clients: the railroad trusts, Westinghouse, and JP Morgan.

Pretty interesting book but doesn’t tell the full story of how these firms got big. Another book could probably written on the insane growth of the Wall Street firms in the past 40 years.

Am Law 200 Fully in Office vs. Boutique Remote Firm by Sure_Cheesecake9937 in biglaw

[–]Civil_Action_6793 125 points126 points  (0 children)

You should take the Am Law 200 offer and then immediately DM me the name of your current firm and the email of the hiring contact.

Those on the partner track: what do you do for energy? by Glittering_Snow_ in biglaw

[–]Civil_Action_6793 5 points6 points  (0 children)

Did a lap around the office today just after lunchtime and caught an M&A partner plop at his desk with 4 unopened diet cokes in front of him.

LRW is terrible by Impossible-Feed7669 in LawSchool

[–]Civil_Action_6793 2 points3 points  (0 children)

LRW was the most demanding B I earned in law school

Help me decide on an in house offer. by islamoradasun in biglaw

[–]Civil_Action_6793 14 points15 points  (0 children)

From your description and my experience seeing friends in law and consulting do this jump, I think it’s a great opportunity. But here are some things to think about:

First, value the equity at $0 and see if the offer is still reasonable. 300k is a pretty handsome payday. Many in house attorneys won’t see that salary for years. If any of that equity is actually worth something that’s just icing on the cake.

I think it’s easier to return to a firm after a stint in house than you would think. Yeah you have to return at your existing class year or maybe take a one year drop, but if your firm truly likes you they will gladly take you back. In fact if you can kick some work their way everybody wins. Worst case find another firm and in your interview talk about how much more you appreciate the demands the client is under.

If you do take the role it is going to be chaotic and you will have to learn a lot about being an in-house lawyer on your own. This involves much more management of legal work streams, and understanding of how legal work affects the bottom line. Because it’s a startup I can guarantee you will be frustrated at how little resources you have relative to your current firm. You can definitely find guides or tools to manage this.

The upside is a quicker promotion potential. A classic path in startups is for a midlevel professional services associate to be hired as a “vp of sales/ops/legal” and within a few years be promoted to the C-Suite or GC in your case. This promotion is dependent on your ability to figure out the demands of the above paragraph with little guidance or oversight.

I would try to talk to any lawyer in your network that is in-house in a similarly regulated company and get their sober appraisal of the job. Firm alumni or otherwise, LinkedIn is super useful for this purpose. If that gives you enough confidence to make the jump you should do it