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Messages - TeeTwenty

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31
Law Firms / Re: Are NY firms going to $190K
« on: September 27, 2008, 10:26:07 PM »
it'd be nice to see some sort raise in NY (at least in NYC) as living in NYC is not cheap. for example, only in NYC do you have to pay a "city tax." city tax, at the 160k base pay rate, comes to some 6-7k per year in additional tax revenue taken out of your pay check. this is not a modest sum. true, you can avoid this tax by living in new jersey, but then you're commuting a semi significant distance and, uh, living in new jersey (which, imho, sort of defeats te purpose of being in NYC in the first place).

False. Hoboken is just a ferry ride away from downtown manhattan and it is cheaper and more convenient that many parts of Manhattan, and certainly better than the other boroughs.

Quote
1) clients are unwilling to subsidize 190 for first years and are grumpy about paying 160 as is, 2) 98% of NYC firms jsut don't have the available capital to legitimize such a move without either firing support staff or lowering your 2nd, 3rd, and 4th year pay scales, and 3) the 190k myth is more of a law student driven myth than anything else; very few firms have discussed it in a serious context.

Right. Firms already lose money on first years at 160K, 190 isn't happening in this economy.

32
3L job search / Re: Complete Failure
« on: September 23, 2008, 12:16:59 AM »
I went to Rutgers-Camden, graduated with a 3.36(even though not great - thought i'd have something by now) and still waiting on bar results

You prob. won't get many bites until bar results are out.

33
1L job search / Re: Secured 1L summer job
« on: September 17, 2008, 02:28:22 AM »
Very unlikely.

Under NALP rules, employers are not supposed to even be talking to 1Ls until Dec 1st. Most firms that have summer programs pay 160k to starting associates. A few more regional firms might pay low 6 figures. Generally, getting a 1L position at a firm is pretty tough unless you go to Yale, Harvard, or Stanford.

There is the potential that someone could get a summer offer from a small firm that is not a member of nalp, but it wouldn't be a formal summer program like the big firms have.

Eh... big-market BIGLAW firms are paying 160, as are some of the more profitable boutiques. Regional firms in major markets, like NY, will probably follow the bigger firms, but in smaller markets, NJ/Philadelphia/Nashville/Anchorage/etc, expect the high-end to be closer to 140k, and some firms won't even break 6 figures.

As another poster said, NALPDirectory.com is a good place to look.

34
2L job search / Re: Lowenstein Sandler, Roseland NJ
« on: September 16, 2008, 01:59:10 AM »
No yay or nay yet for me... Unless someone wants to ruin my week, I'm going to assume that I won't hear until October, after they've finished their OCIs.

Ugh. I hate the economy. It sucks.

35
2L job search / Re: Pre Labor Day Callbacks
« on: September 16, 2008, 01:57:01 AM »
I followed up and was told that I wasn't getting an offer and that a letter is on its way.  Meaning I get rejected by phone, and then sometime this week by mail.  Fuuuuuun.

In other words, calling only makes the pain come quicker.

36
2L job search / Re: Completely disheartened by OCI
« on: September 15, 2008, 12:15:01 AM »
Quick question for all of you: are big law firms the only jobs you are considering? 

I ask because there are GREAT jobs out there working for gov't agencies that you might be missing if you concentrate on OCI.  There are also many 20 lawyer firms that don't have the resources/time to participate in OCI that are great places to work.

Relying on OCI to get a job is like relying on the pull out method for birth control.  I have seen it work, but it isn't reliable.

If BigLaw is struggling, so is the 20 lawyer firm. The difference is, that the 20 lawyer firm doesn't have a program to run, and therefore doesn't have to hire anyone.

Also, Government agencies come to my school's OCI. I don't want to be a government lawyer though. In fact, as my resume prob. reflects, I'm much more comfortable working for someone who sues the government.

37
General Board / Re: Law Schools To Avoid At All Costs!
« on: September 14, 2008, 12:19:45 PM »
Strange, Valide, I was under the impression contractors win much more than regular employees - this being one reason (the most important one) why they decide to become contractors in the first place. And although they are generally hired through contracting companies, some negotiate their own contracts with the companies. In many big companies employees are leaving and going into contracting whether they're retired or not. Many of these are former employees, often returning to the same jobs they had before they retired, and earning double or triple the salaries they made as government employees. Everyone seems to be doing it once they hit the magic 50: Retire on a Friday, back in the building Monday morning working on behalf of the contracting agency by now. A typical salary for a contracted employee is $100,000 a year, but that's only half of the $200,000 charged by the contracting agency for each slot.

Not in the law.

38
2L job search / Re: Callback Questions--any info/advice welcome
« on: September 13, 2008, 07:27:13 PM »
What's really funny is AT THE CALLBACK, attorney's will say things like: "this summer YOU WILL be working with so-and-so on such-and-such" instead of saying "OUR SUMMERS typically do this" - using the first person in this way seems to give the impression they HAVE ALREADY DECIDED to give you the offer.

Some of them will say that in screening interviews.

They have not made that decision.

39
2L job search / Re: Pre Labor Day Callbacks
« on: September 12, 2008, 07:31:46 PM »
Old NALP - you could only hold a certain number of offers open by a certain date, and one final deadline to decide.

New NALP - you have 45 days from the date of offer (date on offer letter) to reject or accept an offer.

So if you received 2 offers on Sept 15, under the old rules, you had until some date in Dec to decide.  Now, you have until Oct. 30 to decide.

Old NALP - Offer more people than you want, because a certain percent will always say no.

New NALP - Only offer the people you REALLY want. Hold onto everyone else until those awful 45 days are over.

40
2L job search / Re: Completely disheartened by OCI
« on: September 12, 2008, 07:20:24 PM »
TeeTwenty, I bet three callbacks will materialize into at least one offer for you.  You should also be hitting the letter-writing circuit pretty hard, though, and perhaps expand what falls into "reasonably acceptable" for you. 

"Reasonably acceptable" constitutes paid positions at firms of any size that have summer associate programs, in a relatively large geographic area.

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