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31
2L job search / Re: How to find biglaw job? (No OCI interviews)
« on: August 18, 2008, 07:57:30 PM »
Hey,
  Just like many other people I received no interview from OCI. For someone that wants to get into BigLaw what should we do from now till the end of hiring season(when is that?) to try and atleast get some interviews. I would also like to say that I am not in the top 25% so it gets harder for me and I am at a "Tier 2" school now(transfer) in biglaw market. I wouldn't even mind Corporate Mid-Law if there is a chance I could eventually move up to "biglaw". Thanks in advance for your input/advice.

I'm curious about this too...

Apply to the firms (mass mail campaign) and attend networking events.

32
2L job search / Re: Interview attire question
« on: August 18, 2008, 07:48:26 PM »
I've always been told that black is for more formal evening events and funerals but whatever floats one's boat I guess.

I agree with that, and I've been told the same.  I was also told, however, that the legal industry is more conservative than other industries, so while a charcoal or blue suit would be appropriate for an interview in business, a black suit would be appropriate for a legal interview.

33
Here's an example of insurance defense.  Try actually doing this assignment and post your response in this thread.


Our client, Insurance Company (IC), provides directors' and officers' insurance to cover corporate officers and members of the board of directors from shareholder derivative suits in relation to the officers/directors' actions taken in their official capacities.  In 2006, Policyholder (PH), the President of ABC Company (ABC), persuaded the Board of Directors and the shareholders to vote in favor of the acquisition of XYZ Company (XYZ).

The acquisition proved to be disastrous leading to a tremendous decline in ABC's capitalized value and per-share price.  Prior to voting on the acquisition, PH discovered some information suggesting that the acquisition of XYZ would be disfavorable.  PH, claiming to use his professional business judgment, dismissed the information and felt it unnecessary, once again in his professional business judgment, to disclose such information to the Board of Directors and shareholders.

ABC shareholders are now suing PH for breach of his fiduciary duty by failing to disclose the information.  PH is covered under an IC policy that excludes coverage in the event that PH acted in a grossly negligent manner.  IC seeks to exclude coverage for PH on the grounds that PH acted in a grossly negligent manner..


1. Do PH's actions constitute gross negligence?

2. If not, what constitutes gross negligence?

3. What constitutes "professional business judgment?"

43. What type of information would PH have to purposely withhold in order for PH to have acted in a grossly negligent manner?

34
2L job search / Re: Interview attire question
« on: August 18, 2008, 07:13:45 PM »
no black suits ever.


I have been on a bunch of interviews and have done all the research through the CDO and through abovethelaw, etc.

Basically, you need to wear a navy blue or a charcoal suit with a white shirt and an either red or blue tie.  Solid black looks like you are going to a wake and black pinstripe looks pretentious.  Im slowly learning that the black shoes with a blue suit probably isnt the best idea, but I feel like they will just look at that and be like "wow, this kid is broke."

Perhaps it is our geographical differences.  I have always interviewed for my summer associate jobs wearing a black suit, and I received offers from almost all of them.

I've also been to job fairs where the dominant suit color was black.

35
If you interview at the firm you mentioned, and the interviewer says, "As you know, we are an insurance defense litigation firm.  Tell me, why do you want to be in this practice area?"

Would you say?

36
I can do all the research out there I can about litigation or transactional work, but, it's a whole different story when one is actually doing the work on a daily basis. 

There is a difference between insurance defense, litigation defense, and other types of litigation.  Start with that.

37
2L job search / Re: Callback Questions--any info/advice welcome
« on: August 18, 2008, 06:49:42 PM »
Regardless of whether the committees meet every week or two, it's not comparable to law school admissions. The difference is there is no such thing as a "borderline" candidate at a callback. Everybody is very well qualified, and the firms are going to offer the people they like. There are no externalities at work like yield protection or numbers that affect rankings. The people who don't get offered from a callback are people who aren't going to get offered no matter when they interview.

While I agree with LonghornDub's remarks, I have to say that I agree with others about having a slight advantage by being considered for employment earlier in the recruiting season.

If there are 100 summer associate positions available, and you interview when 0 offers have been made, it is much easier from a mental/psychological perspective for the hiring committee to offer you a position than if you interview when 98 offers have already been made.

Firms offer callback interviews to candidates in which they are genuinely interested.  However, as with all positions, there are more qualified candidates than available positions.  Your qualifications will be considered with respect to other candidates.

Additionally, firms budget for how many summer associates and future first-year associates they expect to have.  At some firms, the legal recruiters are given guidelines as to how many screening interviews and callback interviews to offer.  While firms can obviously hire more summer associates than they initially intended, it is much easier to be hired for a budgeted position than for one outside the budget.

38
I don't know.  I've never done it before. 

If I may suggest, maybe you can do some research on insurance litigation as well as other practice areas?  My impression is that if you take a job with a firm that exclusively does insurance litigation defense, then you will be pigeon-holed in that line of work.

39
Law Firms / Re: ITT: Accurate answers to questions about biglaw
« on: August 18, 2008, 06:09:11 PM »
My question is this:

Could you really pass up the money that comes with a biglaw job if you are offered such a position?

My personal answer is no, even though money isn't everything.  However, I plan to save as much money as possible so as to keep my options open.

40

What do you feel about a firm with over 100 attorneys paying six figures but doing the same type of insurance defense work? 

Do you want to do insurance work?

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