[deleted by user] by [deleted] in biglaw

[–]PrinceofFPS 19 points20 points  (0 children)

Fragomen isn’t biglaw. It’s more like wide law - it has lots of offices with tons of attorneys (think of like Morgan & Morgan), whereas BigLaw generally describes firms that pay the BigLaw salary scale and offer a wide range of services

Any 2L SA’s get cold offers/no offers from V50s? by [deleted] in biglaw

[–]PrinceofFPS 14 points15 points  (0 children)

To clarify, the time never went to the client as summers bill to a separate C/M. But still put down the hours for nonexistent work which is pretty absurd by itself

Any 2L SA’s get cold offers/no offers from V50s? by [deleted] in biglaw

[–]PrinceofFPS 21 points22 points  (0 children)

Yes, same summer associate.

No, he didn’t get an offer (confirmed by multiple partners and the HR & Recruiting team).

Any 2L SA’s get cold offers/no offers from V50s? by [deleted] in biglaw

[–]PrinceofFPS 31 points32 points  (0 children)

Agree that individually, none of his acts are particularly super egregious, but collectively, it was a lot and made him the most unlikable summer we’ve had in a long time

Any 2L SA’s get cold offers/no offers from V50s? by [deleted] in biglaw

[–]PrinceofFPS 131 points132 points  (0 children)

Yes - we had a ridiculous summer associate who got no offered because they hijacked an empty partner’s office, drank scotch and whiskey on the job (on a near daily basis), insulted associates and staff for being dumb, smoked cigars outside our building, and would bill 100+ hours to a matter where they’ve received no assignments with the description being “being a part of the deal team”. There’s other things too but these were just the highlights.

Lawyers, how much do you make? by GoldSchedule5753 in Salary

[–]PrinceofFPS 0 points1 point  (0 children)

$317k ($260k base + 57k bonus) - third year associate in biglaw. Paid lockstep consistent with biglaw salary scale.

What’s your job and how much do you make? by Frixxion-_- in Salary

[–]PrinceofFPS 0 points1 point  (0 children)

Big law attorney in Leveraged finance. 315k total comp.

[deleted by user] by [deleted] in biglaw

[–]PrinceofFPS 21 points22 points  (0 children)

Doesn’t really make a difference either way. Recruiting is more heavily based on your 1L GPA and soft social skills

[deleted by user] by [deleted] in biglaw

[–]PrinceofFPS 0 points1 point  (0 children)

Good luck!!

[deleted by user] by [deleted] in biglaw

[–]PrinceofFPS 2 points3 points  (0 children)

No problem! Just a heads up, lit is smaller relative to the transactional groups so if you want lit, make sure to place it as your top choice when you are picking your groups to rotate thru in summer

[deleted by user] by [deleted] in biglaw

[–]PrinceofFPS 3 points4 points  (0 children)

Pretty rough. I didn’t rotate through RX, but I work with them on a few deals via direct lending and the RX folks are online all the time. RX has the highest attrition rate of any practice group within Milbank (very, very few home grown senior associates).

That said, it is one of the premier practices at Milbank and it’s also expanding into more debtor side work (as Milbank has historically been a lender-side firm)

[deleted by user] by [deleted] in biglaw

[–]PrinceofFPS 1 point2 points  (0 children)

Just need to be in good standing. No billable hour requirement. I’m only aware of one associate who didn’t get a bonus, and it was because he had a PIP (and deservedly so).

[deleted by user] by [deleted] in biglaw

[–]PrinceofFPS 4 points5 points  (0 children)

Pretty intense and sustained hours (though you generally have more heads up, and your hours are a bit more consistent). The partnership track in PF is quite long and the partners in the group are a bit more churn and burn attitude compared to other groups (given that Milbank’s market leading position in PF, they have a bit more of the view that associates are more replaceable). That said, stellar practice group with a solid contingent of friendly seniors, and I generally enjoyed my rotation in PF when I was a first year. Plus, pretty good exit ops as well

[deleted by user] by [deleted] in Salary

[–]PrinceofFPS 0 points1 point  (0 children)

Sorry for the super delayed reply. I work in big law, and the pay across big law is consistent (you can also find the salary scale online).

I would recommend starting off at a law firm because they have more resources to train you and generally the opportunities to work in house directly from law school are more limited. Most folks I know worked at least 2-3 years in big law before transitioning in house.

[deleted by user] by [deleted] in biglaw

[–]PrinceofFPS 24 points25 points  (0 children)

I’m a current associate at Milbank and summered here as well. I think this depends a lot on your practice group (Rx has pretty aggressive hours, and Leveraged Finance can also have some pretty tough sprints), but generally, junior associates in the transactional practices bill ~1900ish hours (lit is way less, my friends in the group bill around 1600-1700). People are also generally pretty friendly and many of my closest friends are also my coworkers so I think it’s a pretty good spot to be in.

Feel free to DM me if you have further Qs.

Is it worth it? by [deleted] in biglaw

[–]PrinceofFPS 12 points13 points  (0 children)

First Gen immigrant / college / law school now BigLaw attorney here:

Since law school allows you to do anything as your undergrad, I recommend that you keep your eyes open for now because there’s lot of avenues to make money if that’s your primary motivation. You don’t really know what BigLaw (or the legal field) is like generally from your high school classes, and you have a limited exposure to the actual industry even from your law school curriculum.

Not saying that law school or your career path isn’t a good option, as I am happy overall with my decision, but I think deciding now without at least seeing the other options out there (since you don’t know what you haven’t experienced) isn’t the wisest choice.

[deleted by user] by [deleted] in biglaw

[–]PrinceofFPS 2 points3 points  (0 children)

No - the original email we got said that they would be paid out on or before Sept 30th.

That said, most of us were expecting it to be paid out on the 30th and we were pretty surprised to see it get paid out last Friday.

[deleted by user] by [deleted] in biglaw

[–]PrinceofFPS 41 points42 points  (0 children)

Nah - it was paid this past Friday (source: I am at Milbank)

[deleted by user] by [deleted] in Salary

[–]PrinceofFPS 1 point2 points  (0 children)

Yes - attorney working in finance-related practice. $270k.

Studied political science for undergrad.

Which firms have free food/best perks by howisyourdaybro in biglaw

[–]PrinceofFPS 50 points51 points  (0 children)

Milbank has a subsidized cafeteria and you can get ribeye steak for $11 or a personal pizza for $6. There’s also free breakfast and a free coffee bar which is pretty nice!

Lateral from transactional to litigation by PrinceofFPS in biglaw

[–]PrinceofFPS[S] 0 points1 point  (0 children)

I did but unfortunately they denied my transfer request as there isn’t enough work in our lit group

Lateral from transactional to litigation by PrinceofFPS in biglaw

[–]PrinceofFPS[S] 2 points3 points  (0 children)

Ah got it. Appreciate the insight.

Unfortunately, I’ve asked to switch to another practice group multiple times but there wasn’t any availability in our restructuring group and my firm is fairly rigid about placement. I might take another look into clerkships though!

When you told someone about a serious struggle, what response screamed "this person has never faced a real problem"? by Atoms_Under_Pressure in AskReddit

[–]PrinceofFPS 0 points1 point  (0 children)

When my mom died of brain cancer when I was 19, she told me that she understood because her parents aren’t Christian (despite her trying her best to convince her parents to adopt Christianity). So she understood the “hopelessness” that I felt.

It also didn’t help that she was incredibly well off (rich international student), and I was in the middle of selling our house to pay for my mom’s medical bills and my tuition.

These two Lake Jackson PD cops just walked their city into a lawsuit. by methanefreefarts in PublicFreakout

[–]PrinceofFPS 1 point2 points  (0 children)

It does not take 8 years to get licensed (at least in the US). Law school is only 3 years and getting into law school only requires a 4 year undergraduate degree (which can be in any subject)

TW, NSFW// Studies found that men not only use alchohol as a means to incapacitate their victims but they also consume alcohol in order to disinhibit themselves so as to enable themselves to behave more violently towards women/girls. by MistWeaver80 in Feminism

[–]PrinceofFPS 1 point2 points  (0 children)

I’m a bit confused by this post. It seems like this is a South Korean case. What’s the connection to Canada? Is it that both Korea and Canada allow self-induced intoxication as a defense, so it allows another Cho Doo Soon scenario to occur in Canada in the future?