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Messages - Resident CLS Troll

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41
Law School Applications / Re: Chances at t-14
« on: March 26, 2009, 11:20:30 AM »
No way.  I know a guy with 153/2.9 who got into Yale because his personal statement rocked.  Admission officers really care about you; they want a well-balanced orchestra of voices.  Law school is about debating, like whether mistake of law should be a defense.  (Marrero)   ::)

Flame

The sad thing is, there are people out there who will see this and believe it.

I can think of at least one person off the top of my head.

42
I'm still at the firm but am on my way out.

I see.  Sorry to hear, but good luck.  Hope you land on your feet.

43
Law School Applications / Re: Chances at t-14
« on: March 25, 2009, 09:02:37 AM »
The quality of your application is an under-discussed and often overlooked soft.  OPs applications could make or break his chances at the T14.

No.  The quality of an application might break one's chances at a T14, but it's unlikely that it will make them.  You can only get so far on style alone.  There needs to be substance there.

44
Their website shows graduates all over the US. I'm sure their top 25% get biglaw like any other tier 1 school. Does anyone know the rest of their class places nationally? They only rank top 12%, top 37%, and everyone else is unranked. Is this a good or bad thing when looking outside the midwest for employment?

The top 25% of tier 1 schools get biglaw?  I guess it could depend on how you define tier 1 schools and how you define biglaw but in general, I'd say this is way off even during the boom times, let alone in the current economic situation.

45
Wait, so you're an '08 Grad no longer at V100 firm?

46
Market?  Practice Group?  Things that you're really glad you did?  Things you wish you had done?  Things you wish you had not done?  Your expectations for the next 2-3 years of your life?

47
Law School Applications / Re: Chances at t-14
« on: March 24, 2009, 08:02:32 PM »
How much do softs really matter? I mean I know they're not going to get you into a school if you're not in the lower 25 or whatever, but does it really give you an edge in any other situation?

About 1%.

48
General Board / Re: Was BigLaw a Bubble?
« on: March 24, 2009, 02:05:58 PM »
I certainly see your point, but personally I donít see this as blip on the market waiting for the economy to return to go back to the old ways. I see us as entering a fundamental change in the way the legal business is done, one that means we will have new modes of operation from this point out and not likely ever return to the old way.

I see this as just the catalyst to what has been a growing momentum for some time to change the fundamental way law firms operate ( a move towards changing the billable hour, more work done by staff, decreasing overhead, fewer departments within a firm, smaller size firms to better react quickly to changing markets/client demands, expanding services offered, flat fee arraignments, packaging legal services rather than piece meal work based on billable hour fee structure etc.)

 The recession just kicked it up a notch and firms are going to start packaging their services in very different ways than they used to, and we arenít going to go backwards much even when things get better.
If you have been reading the ABAís magazine for awhile allot the things I have listed above have been talked about a lot in the past few years, and are common place in many mid size firms,  there was movement afoot to make some of those changes in biglaw, but big firms move a glacier pace, I think the recession just was the kick in the pants for them to start implement these changes at a faster speed to the point that the whole model will be different in 3-4 years compared to what it was 3-4 years ago.

But your right, we wonít know we will just have to see how things play out, but thatís the hunch Iím operating from.

In an effort to maintain reciprocity, I acknowledge that you might very well be right.

49
General Board / Re: Was BigLaw a Bubble?
« on: March 24, 2009, 01:25:29 PM »
It will go back again, but I think this recession has proven that the Cravath model just wonít work anymore (I posted an article about how biglaw salaries are going down to 144k for many of this yearís associate class a few weeks ago).

It won't work for most firms, but it might continue to work for Cravath and a handful of others.

I donít think the model will support a big firm any longer though, I could see a boutique of really smart top grads being able to justify the higher fees, but not a 500 person firm doing the same thing in the new economy, the demand, I think just wonít be there except in small numbers thus supporting smaller Crvath model elite firms with far fewer lawyers. 

We just have different estimates on the amount of dropoff there will be in terms of demand.

Right now, we have a situation where corporations are trying to cut costs, so GC's are price conscious.  If we return to a healthy economy, GC's will become less price conscious and more risk averse in terms of covering themselves, which will lead to some movement back to the brand name law firms.

The scale of the movements, of course, can't be known in advance. 

50
General Board / Re: Was BigLaw a Bubble?
« on: March 24, 2009, 01:15:24 PM »
It will go back again, but I think this recession has proven that the Cravath model just wonít work anymore (I posted an article about how biglaw salaries are going down to 144k for many of this yearís associate class a few weeks ago).

It won't work for most firms, but it might continue to work for Cravath and a handful of others.

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