What are you basing this on? I'm not challenging it, I'm just curious what factual evidence you have to suggest this.Firms have billable hours requirements and first year associates are billed at 200-300 an hour, sometimes more. Multiply that by 1800 (an extremely modest billable requirement) and you are well above what the associate costs the firm. I simply do not see what you are basing your information off of. Even a quick and dirty look at what a young associate bills shows profit margin. I hate to break it to you, but 1/3 of an associate's billables are not going to overhead. A big firm will have over 500 attorneys, usually 200-300 in a particular office. Take the overhead and divide it by the total number of employees, weighted based on their salaries. Your math is ridiculous.
I told you I wasn't disagreeing with you, just curious as to how you were getting to your point. Simmer down. You obviously don't like being challenged, meanwhile, you produce no actual evidence of what you are saying.I still don't buy it. By the way, you have no clue where I work and whether I have experience in a law firm now do you? From reading your posts, you are a full-time law student, likely went to law school right out of college which means you have NO experience in the real world so talk about the pot calling the kettle black when it comes to talking out of their ass.That's some chip on your shoulder, good luck with it junior.
everything i have ever heard was that firms lose money on associates till for the first couple of years, and, I went to lots of firm receptions http://books.google.com/books?id=bDZsE8a5qVYC&pg=PA125&lpg=PA125&dq=loose+money+first+year+associates&source=web&ots=NREUzCsIJn&sig=viM9XEG58TE2VLGyp6PvmchARjc&hl=en
Right, I don't buy it on an overall level. I think it is entirely too broad a comment to make generalizing all big law firms. Also, Covington, Williams, and Wilmer are all going to be unique beasts in Washington. You are talking about the business strategies of only three large firms and generalizing them in terms of all big law firms.So what, you went to a firm reception and now you think you are hot *&^% lol? Give me a break dude. Come back with some hard evidence and not just your word based off of what you "heard" at one presentation involving three large firms.
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