[ad_1] Key Terms There are many kinds of law firm attorneys with titles that include the word “counsel.” Counsels are salaried employees, usually thought to be between associates and partners. Although each counsel position is very flexibly designed, the ABA has described four kinds of counsels that are commonly found in law firms. Law firms tend to operate under a …
[ad_1] Key Terms Non-equity partners are very different from equity partners primarily in that they are salaried and do not share in the profits of the firm. Some firms systematically turn senior associates into non-equity partners, but occasionally you can find non-equity partners in niche practices or by personal choice. If you run into non-equity partnership along your career path, …
[ad_1] Key Terms Biglaw uses “stealth layoffs” to quietly layoff associates without causing a commotion. Stealth layoffs can be mutually beneficial to the firm and the laid off attorney. Getting stealth laid off could be an opportunity in disguise and a catalyst to making a positive change in your career. Law firms don’t always love attention. When work slows down …
[ad_1] Key Terms It is natural for lawyers to quit Biglaw–the expectation is that most people will leave within a few years. Biglaw opens up plenty of exit options, alternative careers; and opportunities to lateral to another firm. You should think about an exit strategy even if you don’t plan to quit in the immediate future. With the long hours, …
[ad_1] Key Terms Biglaw summer associates can usually expect to get a full-time return offer barring exceptional circumstances or national financial collapse. While rare, “cold offers” are sometimes used by law firms to artificially boost return offer rates and keep it close to 100%. Summer associates who receive cold offers are, in reality, not invited back and must begin the …
[ad_1] Key Terms Legal work, and Biglaw in particular, has unique ways to cause stress that can affect your career and personal life. Stress can adversely affect your body and mind and create feedback loops that cause more harm if unattended to. There are various ways that lawyers can manage or mitigate stress arising out of their work. Stress is …
[ad_1] Key Terms “Making partner” is a huge milestone and the biggest promotion for a Biglaw career. To make partner, you’ll need to excel at the job, have interpersonal soft skills, and communicate your profitability to the firm. The average age to make partner is in your mid to late-thirties, but age or experience is not dispositive. At most workplaces, …
[ad_1] Key Terms It is natural for lawyers to quit Biglaw–the expectation is that most people will leave within a few years. Biglaw opens up plenty of exit options, alternative careers; and opportunities to lateral to another firm. You should think about an exit strategy even if you don’t plan to quit in the immediate future. Many people quit Biglaw …
[ad_1] Many post-grad law students out there have to deal with student loan debt. It usually comes with the territory of paying for tuition and the bar exam. Some students are fortunate enough to not need to pay much for law school through scholarships and grants, but even students who get scholarships may take out loans to pay for tuition, …
[ad_1] If you’ve been around the site for a while, you’ve likely seen that both our law school budget and our Biglaw budget allocate less than 50 dollars towards internet service monthly. We mean it. You shouldn’t be paying more than 50 dollars a month for internet. It doesn’t matter if you live in NYC or LA, Chicago or Austin, Nashville or …
