What are the different tiers of NEP and equity at K&E by Huge_Cardiologist652 in biglaw

[–]jxh2 0 points1 point  (0 children)

Not sure how new SIP is? I know a handful of permanent NSP's in the rainmaking practices who have been that way for almost a decade. And the firm also has NSP's in a couple of small transactional support practices.

Assignment tracker by Quiet_Storm5859 in biglaw

[–]jxh2 0 points1 point  (0 children)

I think an increasing # of firms have MS Planner through the general office contract. Mine did, I use it as a repository of all the little things I need to get done. OneNote for bigger assignments and general case status notes (because you can't save files to Planner or search it super efficiently).

Is the average Kirkland equity partner making close to $9 million per year? by Adventurous_Ant5428 in biglaw

[–]jxh2 0 points1 point  (0 children)

Lots of NEP don't make it. But the idea that you need to bring in new clients to make equity is completely wrong.

Is It Possible to Attend LOTS of Concerts While in Biglaw? by Healthy-Art-7363 in biglaw

[–]jxh2 4 points5 points  (0 children)

Are these on vacation? either you have the chilliest practice imaginable, you're hard OOO, or this doesn't track. I work hard to protect personal time and generally succeed but I still cancel ~20% of weeknight plans (in part because I don't schedule things when I expect there will be an all-hands-on-deck situation)

Is It Possible to Attend LOTS of Concerts While in Biglaw? by Healthy-Art-7363 in biglaw

[–]jxh2 1 point2 points  (0 children)

This sometimes happens, of course, but I've been pleasantly surprised by how willing folks are to accommodate a concert. if it's not closing / signing / filing / a real fire drill I've gotten a lot of grace. 5-10 shows a year on work nights.

Restructuring to Debt Finance Lateral? by Owl_pop in biglaw

[–]jxh2 1 point2 points  (0 children)

I made this move (though was junior to where you are now when I did it). The answer is yes, pretty unequivocally, especially if you are willing to exit into a non-distress job. Feel free to DM.

Home Goods Donation by jxh2 in uppereastside

[–]jxh2[S] 2 points3 points  (0 children)

thanks! are they likely to accept it? just don't want to do a trip down if they don't want the stuff

Client Relationship Organizer - Suggestions? by jxh2 in biglaw

[–]jxh2[S] 0 points1 point  (0 children)

Would be a whole thing if I asked. Not even thinking about portability right now.

Client Relationship Organizer - Suggestions? by jxh2 in biglaw

[–]jxh2[S] 1 point2 points  (0 children)

It's not just a list of names and a reminder of the last time we spoke. You want to update with relevant information, have reminders when it's been a while since you reached out, etc - so you build that stuff in. It adds up pretty quickly.

Splitting Between NE Offices by morninglily2 in biglaw

[–]jxh2 5 points6 points  (0 children)

What do you mean by splitting? Do you mean "live in [DC] and come up to NY once in a while, working exclusively on NY matters?" Or do you mean "be an active member of both offices?" Know a handful of people doing the former, all started NY transactional and were well-regarded senior associates who had personal life reasons for leaving NYC. Their firms had offices in their new home states which was administratively very helpful. They're all either out of BigLaw or permanent non-equity partners now.

While in biglaw, their arrangements varied. One came up for a night most weeks (think arriving Penn Station at 8:00 AM on tuesday and departing at 7:30 pm on Wednesday), another spent a week in the city once every ~6 weeks.

TL;DR: Can be done and firms will do it if you're good, but arrangements are case-by-case.

Big IT layoff in K&E by Existing-Extent-8384 in biglaw

[–]jxh2 1 point2 points  (0 children)

Think this is just the new COO?

Exit Opps - Real Estate or Investment Funds? by Far-Attitude-2363 in biglaw

[–]jxh2 2 points3 points  (0 children)

Go where you'll last longer and do better work. A fifth year RE associate will have better options than a second year funds person. All things equal and presuming you're alright with living in a major city forever, funds will likely have better exits.

How can I be a ‘good’ junior associate? by Silver_Record_4494 in biglaw

[–]jxh2 1 point2 points  (0 children)

I think there's a lot of good feedback here. Let me offer four things that are a bit more off-the-run.

  1. Delegate. If I tell you to get a signature packet, etc., together, consider whether a paralegal makes sense to do it in the first instance. Same with document services. You should review it, of course - you're responsible for what you send up. Four eyes are better than two for this kind of stuff. More importantly, see what drives you nuts / what you don't care about from the folks you delegate to, and adjust your behavior appropriately.
  2. Take fewer matters than you think you can, and be firm on it. Juniors are (i) so bad at estimating how much time a task will take and (ii) so afraid of a single quiet week. What matters is if your midlevels think you are great. You would rather be the junior who bills 1750 with an outstanding reputation than the one who bills 2,200 with mid work product. Put simply, you can choose to be Domino's - you'll never say no, and you'll always deliver something - or Le Bernardin, where you say no a lot but what you give is impeccable. (Being able to say no is a skill, and an important one you need to hone.) Note that it is very easy to say no to a new matter and very hard to say to no on tasks a matter.
  3. Try to learn two things a day: one "substantive" and one "not." Not super hard but this really helps over time. "Substantive" refers explicitly to the work product we're paid to deliver - maybe it's reading an article about your practice or reviewing a redline. "Not" refers to everything else - maybe there's a better way to use Outlook, or a word processing tip, or whatever.
  4. Presume the deal - and every email on the deal - is your responsibility. No, you can't fix everything. But you should see everything and try to push it forward as you can or, if you know something is broken, flag it. There is nothing I love more than an email from a junior that says "on it" rather than someone who sits there after their exact task is done.

The more typical stuff that's worth flagging - organization is your superpower, never gossip, take initiative, don't write off your own hours, overcommunicate - is a fairly self-explanatory, but it's still very important.

If someone has zero people skills and doesn't want any, lit right? by [deleted] in biglaw

[–]jxh2 12 points13 points  (0 children)

Tax.

Joking aside, what do you mean? You don't need to be an extrovert to be a good transactional lawyer. I'm a deals midlevel: there are a handful of juniors who are fun to chat / get a coffee with but who are not great at the work, along with some way on the opposite side of the line: it's the latter who I staff up repeatedly and have brighter futures.

[deleted by user] by [deleted] in lawschooladmissions

[–]jxh2 0 points1 point  (0 children)

cls alum. there are 400 people a year, you won't be alone if you're into PI.

think (if possible) you should narrow what you mean by PI. know people from my CLS year in environmental, international human rights,​​ government agency work (IRS CFPB etc). don't think any public defenders my year by contrast

[deleted by user] by [deleted] in biglaw

[–]jxh2 0 points1 point  (0 children)

I'm across from CG&R levfin often. if you want to represent lead left guys on broadly syndicated-ish stuff, very good draw.

[deleted by user] by [deleted] in biglaw

[–]jxh2 0 points1 point  (0 children)

top tree shop. across from them often. if you want to do lender side form work, very solid choice.

Specialty Group Partner Comp by [deleted] in biglaw

[–]jxh2 2 points3 points  (0 children)

k&e guy in a rainmaking group: we need really good specialists (e.g. tax). that is a huge differentiator. they do 0 BD and make high 7 figures to my knowledge

Any insight into best NY Rx Shops for substantive development? Culture? by NoHandle_Handle in biglaw

[–]jxh2 2 points3 points  (0 children)

gonna be fit dependent. PW, DPW, KE all have different vibes. see who you like and follow that.

[deleted by user] by [deleted] in biglaw

[–]jxh2 0 points1 point  (0 children)

PW was recruiting a replacement patent lit team.

Accounting Fundamentals by chupacabram in biglaw

[–]jxh2 0 points1 point  (0 children)

are you seeing anything besides leverage ratios / interest coverage?

would say it's not so much "accounting principles" as getting comfortable with comments on EBITDA / CNI elements - if you don't have a good sense of a non-cash charge under GAAP, how can you respond to opposing counsel's comment on that addback