Reddit biglaw layoffs. Of I think the sum of my first 6 months in biglaw is that it's highlighted all of my worst time management habits that I could get away with in law school and my prior job. I believe this is meaningful data that should inform prospective law students as they choose between schools (or even as they apply for schools And whatever you do, don’t complain to colleagues about having too much work, or not having a good work/life a balance right now, etc. Schedule seems to be more predictable than other areas. Hot New Top Rising. r/biglaw • Orrick layoffs. Maybe are you are right, but How bad were the recent Goodwin layoffs? I can’t find solid intel anywhere on exactly how widespread they are. If they are disproportionately firing people of color, and specifically women of color, they're exposing themselves to federal employment discrimination lawsuits. I know someone else who failed the bar exam 4 times and was never fired. Or check it out I’m deciding between a lateral move to a V10 biglaw firm as a 5th year and an in house position at a very large Why wouldn’t they be? In-house counsel are also subject to more layoffs when companies go through a downturn, or a merger, or even Even back then, Kirkland had multiple rounds of layoffs. Members Online. Cali culture is an View community ranking In the Top 1% of largest communities on Reddit. Hi there. Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; You can negotiate salary and bonus at lock-step firms (I actually have a comp arrangement that deviates from lock-step at my current firm and negotiated similar arrangements at previous firms), but you have to have leverage to do so. Also, the idea of biglaw and the high level work/clients, big firm resources, and the opportunity to change my financial trajectory are also very Get the Reddit app Scan this QR code to download the app now. Does anyone have any experience, or has anyone heard of, an American Biglaw attorney working remote for an American firm while living in Canada?. Skip to main content. But also, have your story ready and paint it in the most positive light - not performance based at all and I have the excellent evaluations and 36 votes, 41 comments. 40K subscribers in the biglaw community. But it's not clear if that issue will arise again (or, rather, arise for Latham) and it's not clear that Latham was actually much worse than other firms (other firms may have just gone with stealth layoffs). 59. standout first years are easily identified and typically considered safe)? Biglaw can be a small world, so I’ve always felt it’s better to be candid - you never know who at your old firm might be an old classmate of the partner you just interviewed with, and we do call people and ask, off the record, what happened. Let's assume a biglaw salary, conservatively, is $120,000, compared to a public interest salary of $50,000. Hot. Please note - if you want to filter, sort or search, it needs to be 14 votes, 20 comments. RE groups tend to be the nicest, most down to earth groups I work with. , the embattled Arlington, Virginia-based jet maker and one of the Seattle area’s largest employers, is said to be exploring the sale of some parts of its space If partners feel layoffs coming they will work hard to keep their favorites busy. Stealth layoffs seen at firms that binged during boom; Great Recession-style mass cuts remain unlikely; Big Law associates just months ago were hot commodities—they had the luxury of choosing between major firms who offered to let them work and live wherever they like and dangled hefty signing bonuses. I billed hundreds of hours to pro bono during my biglaw career and worked on some really impactful matters. r/ biglaw. It’s likely very difficult given you are trying to pivot to a very different practice area that is Biglaw-based. A few years in biglaw will likely have a significant impact on your lifetime earnings/savings, and of course even more if you stay in biglaw/in-house. As if we won’t notice that our friends’ offices are suddenly cleared out and they left without notice/without anything lined up. 31 votes, 55 comments. MBB also gives softer landings and helps more with placement. Well regarded all around. Factors against mass layoffs: A. Going there to do that work is like going to Cravath to do M&A. Now, news of law firm hiring freezes and stealth layoffs at top Biglaw firms has come to light, and we’re no longer wondering. r market-paying firm where average associate hours per year hover around 1,600-1,700 and there have been no mass attorney layoffs in a decade or more. 51K subscribers in the biglaw community. And whatever you do, don’t complain to colleagues about having too much work, or not having a good work/life a balance right now, etc. For more info go to /r/Save3rdPartyApps/ &#x200B; I got no offered as a summer and never made it back into Biglaw. I thought maybe this would be a good opportunity for anyone who may have some questions about what it's like working at the bottom end of the AmLaw 200 is like. About a month ago I got a project and did really well. My friend moved (post-merger) to a different office that’s primarily filled with Troutman Sanders people and In Biglaw, my understanding is that layoffs are far less common vs consulting, and it is easier to survive up-ot-out cuts into your senior asso years while banking big $$$. Biglaw litigation, however, is the constant juggling of tens of relatively unimportant tasks, each requiring complete perfection and accuracy. 4) business cycle is cyclical and and the firm should think about long term staffing needs. But I go back to my first point - some of the nicest, most human, people in BigLaw. Decent exit opportunities to go in house. Layoffs? This week Silicon Valley-founded law firm Gunderson Dettmer Stough Villeneuve Franklin & Hachigian cut 10% of attorneys, paralegals and staff in its U. “There is opportunity for smaller firms, non-AmLaw 50 firms, [and] firms that don’t pay market to grab some really, really talented lawyers right now, both from law firm layoffs but also from tech company layoffs,” said Kate Reder Sheikh, a Northern Left a job at a company that had major layoffs, but otherwise stayed at every job for a good amount of time? That's fine. Lots of speculation in the legal media about stealth layoffs. It took ATL over a month to hear about layoffs at one of the largest and most gossiped about firms in the world, so for these other firms I can't wait to read their "breaking news" 5 years from now. The Reddit Law School Admissions Forum. card. Fenwick is hiring again only a few months after layoffs (corporate concentrated). And they’re starting to “layoff” now. I think many firms will either do another round of layoffs at the start of the new year or start stealthing people. com, with one saying how work keeps moving in-house, firms are under lots of pressure about rates, The Boeing Co. r/biglaw • Where are all the drugs? r/biglaw • Laid off in California BL, would love some advice. H1-b Masters cap anyone? p. others only did the large public layoffs because they reached the point where they absolutely had to lay off a ton of people and could no longer do stealth layoffs (they had already all been stealthing in the months leading up to their respective layoffs). 35K subscribers in the biglaw community. Goodwin of all places should know that since they did layoffs in 2020 then in 2021 were short-staffed. It is also why it pays so well - if not for the high pay few would do it. Biglaw WFH in Canada . Posted by 4 months ago. Apparently it isn’t actually eat what you kill. Log In / Sign Up; Advertise on Reddit; but many companies/law firms consult with counsel when doing layoffs specifically to avoid the Need Advice - Solo or BigLaw Appreciate any help I can get. I read that Shearman, Goodwin, and several other BigLaw firms have done layoffs in recent months. BigLaw firm confirms employee layoffs for second time in a year. _This And although there’s no leave in law school, in my experience school admin, professors are very accommodating and your schedule in law school is somewhat more flexible than in biglaw, especially if you take clinics. That is, BigLaw Joe, an American citizen, is working remote for Quinn Emanuel in Los Angeles, gets the urge to live in Toronto instead of Palm Springs. Join Over 800,000 Attorneys and Law 39K subscribers in the biglaw community. BigLaw boys on here tend to be very sensitive about their fake sense of prestige and money apparently Top Biglaw Firm Shuts Down Layoff Rumors By Issuing Statement On Fishbowl, Reddit Contrary to what you may have heard, there are no layoffs going on at Goodwin right now. But I have no inside knowledge. Things being thrown, partners yelling at associates, seniors throwing juniors under the bus for their own mistakes, etc. r/biglaw is is slower. The earlier layoffs (like Cooley) can be clearly attributed to the tech industry imploding. 13 votes, 13 comments. Or check it out in the app stores &nbsp; &nbsp; TOPICS. for liability or insurance reasons. r/biglaw. Someone on Fishbowl said they were as high as 25% of the second-year class which sounds too extreme to be true but if it’s that bad I definitely want to know the exact risk profile, especially after the layoffs they already had last year. No one who doesn’t contemplate that is “outraged” if a non bar pending attorney did first year stuff for them (getting billed at lower law clerk rates). s. Don’t be discouraged if it’s slow moving because it’s end of year and hard to coordinate schedules. Log In / Sign Up; Advertise on Reddit; If layoffs are decided on by the firm management, the partners in the Get the Reddit app Scan this QR code to download the app now. Not because they're so progressive or whatever, but rather because lawyers like to avoid litigation. ESG isn’t a practice— it’s a subset of a subset of a practice. NPR_is_not_that_bad • M&A is picking back up. Posted by 11 days ago. com Mon, Oct 21, 2024 Finance Lawyer Joins Mayer Brown From Oct 21, 2024 Top Biglaw Firm Shuts Down Layoff Rumors By Issuing Statement On Fishbowl, Reddit abovethelaw. Now I’m absolutely slammed. And how much are you being paid by them to post on Reddit? Reply reply 91 votes, 41 comments. share. I have a former classmate that's there and by all accounts it's a good place to work by Biglaw standards. Sort by: this reddit space is for you. While you may have better odds of landing your first biglaw job in ny, you can make good biglaw salaries in second-tier cities like atlanta or Dallas. others only did the large public layoffs because they reached the point where they absolutely had to lay off a ton of people and could no longer do stealth layoffs (they had already all been stealthing in A place to discuss US and Worldwide immigration news, politics, visas, green cards, raids, deportations, etc. A substantial number of K&L associates even in good times don't hit hours requirements for bonuses, and I don't think they raised salaries this round or last round. Join. Japanese whisky is good stuff. Website time isn't like a requirement, they typically do that so people don't know they're doing layoffs/to let you find a job. com; Submit Layoff Intel; You can anonymously submit layoff info here. Hope this helps. That is 100% market. also, arguably exit options are more interesting for ex-consultants compared to ex-Biglaw. There’s no consensus on how many firms will make layoffs and how deep the cuts will be How long did you spend in Biglaw. Some of the worst biglaw stories I’ve heard. Reply reply /r/Statistics is going dark from June 12-14th as an act of protest against Reddit's treatment of 3rd party app developers. Big Law Associate - need some help badly!! I’m at a big law firm in the M&A group and I feel like I’ve aged since. I tried to push back on my first biglaw firm, but they would not budge. An Unknown with much greater possibility of career longevity and enjoyment. I got yelled at for not ordering the names in an email according to seniority and putting another partner's name ahead of his. Teams across TS&T, Workday, Cloud and Data, Workforce of the Future, Salesforce have all been impacted. I think Plus some in-house positions require time billing anyway. Second 6 month plan is all about fixing those. By Staci Zaretsky on December 16, 2022 at 3:29 PM December 16, 2022 at 1:24 PM. I read last year that the firm conducted stealth layoffs which was The issue is that attrition after EOY reviews is standard operating procedure for almost all firms, so it can be difficult to separate market based layoffs from merit based layoffs. Goodwin announces no more layoffs until 2025 Posted by u/legallyblonde2200000 - 52 votes and 52 comments BigLaw firm confirms employee layoffs for second time in a year Bryan Cave Leighton Paisner has laid off about 50 staff members in the United States and the United Kingdom, with most of the cuts If the biglaw positions are in the same area you're practicing in at the agency, then yes, I would go. Are first-third year associates the first to go when firms are hit badly due to market changes? Is the process also based on performance (i. H1B layoff looking for advice Hi all, I didn't get the H1B this cycle and I was just informed that the end of my visa will be my last day. In terms of New York corporate, I dunno, I didn’t look at them, but if they’re anywhere near as selective as they are in other spaces, you’ll probably have better options. I can’t speak to your firm, but I can speak generally. Law firm layoff tracker. 202 votes, 25 comments. One pro for consulting: obviously you dont need to incur big investment in law school education. Side note, also f*** biglaw and their “stealth” mafia-esque layoffs. It is 100% From Goodwin, Stroock and Cooley's attorney layoffs to performance-review cuts at other firms, here's Law. I think the sum of my first 6 months in biglaw is that it's highlighted all of my worst time management habits that I could get away with in law school and my prior job. 100 comments. At my T14 most people got summer jobs with government, courts, nonprofits and other places for their 1L summer. Top Biglaw Firm Shuts Down Layoff Rumors By Issuing Statement On Fishbowl, Reddit Contrary to what you may have heard, there are no layoffs going on at Goodwin right NYU just sent us 3Ls an email about delayed start dates and layoffs and reminding us about career resources. No matter how much people on Reddit deny it, the 100% remote employees are absolutely at a higher risk of being laid off Also, I’m sitting here responding to Reddit posts in the middle of the day while knowing I am going to have no trouble making my 6:30 dinner reservations with my wife. Of course. But also, have your story ready and paint it in the most positive light - not performance based at all and I have the excellent evaluations and Fenwick continues stealth layoffs a month after the RIF decimation - when they assured us nothing more to come - in fact a lot more has been to come. A lot of those people who were super gunnery about getting 1L biglaw burned out of the profession. 46K subscribers in the biglaw community. Layoffs happen when the firm's not doing well and has to let go some associates largely due to their economic circumstances. Or check it out in the app stores &nbsp; &nbsp; TOPICS Go to biglaw r/biglaw. Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; So many Goodwin layoffs of juniors today and in the past few weeks 43K subscribers in the biglaw community. This week Silicon Valley-founded law firm Gunderson Dettmer Stough Villeneuve Franklin & Hachigian cut 10% of attorneys, paralegals and staff in its U. For those who might be hearing the term for the first time, stealth To be frank, Biglaw layoffs are VERY common, even though they spend unreasonable amount of money to lure the summer associates and to create the illusion that Layoffs. A subreddit for the business and practice of law, catering to lawyers without the support network of a large firm, and **not** generally for legal analysis or substantive case discussion. If you've been impacted by layoffs, let us know here how we can help. It’s just human nature that less visible employees are valued less. Check out the other threads here talking about layoffs. All that said, if you go boutique, it may be harder to go in-house later. But there was also the existential fear of knowing you were completely expendable for any mistake, which further exposed how raw and unskilled you were as an attorney. And biglaw hours don’t compare to big4. Oh, there was no loyalty, rather the opposite: absolute cynicism following the Lathaming and other mass layoffs. The hours are extremely unpredictable and my weekends are shot. Litigation first year. If you're a law firm rep who has a live opportunity, email us and we'll do our best to connect you with applicants. Or check it out in the app stores Marketing, Comms, HR/recruting, etc. Open navigation Go to Reddit Home. Bryan Cave Leighton Paisner has laid off about 50 staff members in the United States and the United Kingdom, with most of the cuts The Am Law 100 was recently announced, ranking the top Biglaw firms by 2021 gross revenue. Negotiating comp in biglaw is tough in the best of circumstances, but the current market is especially grim for associates, so you should calibrate Wondering if I could get perspective on choosing b/w doing big law in NY & big law somewhere with a lower cost of living. com’s poll respondents hailed from the biggest of Biglaw firms (63. Rising. Reddit iOS Reddit Android Rereddit Best Communities Communities About Reddit Blog Careers Press. Goodwin’s layoffs look more like they were related to a market reorientation than a downsizing. June 14, 2023 at 03:09 PM 3 minute read . Law firm layoffs - affect on survivors CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. 248 votes, 106 comments. The market is slow right now so don’t expect an increase until the market turns. Big tech and PE and big firm hiring was gangbusters in 2021 and 2022. Layoffs are happening at tons of other firms, according to my friends at those firms, they just aren't getting publicity because they're not Kirkland. With the recession indicator blinking bright red, what typically happens to first-years in a recession? Are they (we) the first to go? I assume so. Haven’t been seeing corporate layoffs in the last couple months really either (not large scale). Salaries are increased when firms need to stay competitive to retain talent. What’s happening to people who didn’t get it at your firms? foreign satelite offices? Share Add a Comment. com Mon, Oct 21, 2024 Dramatic UK Law Firm Billing Rate Don't be distracted by Biglaw raises -- layoffs are still a real issue in the industry. We broke the gentleman’s code of how a biglaw firm should be run (I. Top Biglaw Firm Shuts Down Layoff Rumors By Issuing Statement On Fishbowl, Reddit Contrary to what you may have heard, there are no layoffs going on at Goodwin right now. I'd be curious if there's good stats on comparative attrition percentages and partnership prospects. Valheim; Genshin Impact; Minecraft; There are no prereqs to getting into a biglaw tax group (other than what you need for any biglaw job). Besides major issues like sexually and verbally harassing coworkers, not meeting your annual billing hours, to overall not pulling one’s own weight in their area of practice, what are some of the main causes that an employee to be terminated from biglaw from a top law firm? Hi All, this will be an intentionally vague post but I will be a summer associate this year and am hopeful of getting a return offer. The term “hiring freeze” has a weird meaning at law firms. Biglaw can be a small world, so I’ve always felt it’s better to be candid - you never know who at your old firm might be an old classmate of the partner you just interviewed with, and we do call people and ask, off the record, what happened. Layoffs and Big Law . Goodwin announces no more layoffs until 2025 Home of the New York Jets on Reddit Members Online. These layoffs appear to be significantly more arbitrary than the fall Firms like Cooley, Gunderson, Goodwin, etc. OCI Thread Biglaw Firm Conducts Layoffs, Citing 'Shifting Market Dynamics' Layoffs continue among even the most successful Biglaw firms. Good News For Biglaw Associates: No More Layoffs? Cross your fingers, everyone. It sounds like OP is the classic case of leaving Biglaw too early and experiencing stagnant compensation. Maybe not as bad as Latham, but still bad. I’ll be graduating from HYS and I’m interested in pursuing biglaw for several years. Reply reply More replies More replies. If the firm is looking at a list of associates by hours, you don't want to be at the bottom of that list. Hi all - I’m deciding between a lateral move to a V10 biglaw firm as a 5th year and an in house position at a very large but niche-industry company (in a field I like and that had a positive outlook). Members Online • And let's not forget the fact that because of the layoffs, one intern ended up being assigned to three partners all named Richard! Google "intern triple Dicked" to find out more! Reply reply More replies More replies More replies. r/biglaw Prioritize your job search, because the partners will prioritize their profits at layoff time (which will probs be your annual review). I've heard good things about Kirkland in this aspect but I don't know much else about other firms. So depending on your I’m a recruiter and we haven’t seen litigation layoffs at all. Not feeling the vibes. This sub will be private for at least a week from June 12th. That’s it. Some guys got triggered because I pointed out in house ppl have more opportunities to make more money than BigLaw firm ppl. Unless the firm's done that to several associates nationwide or globally, that's not a stealth layoff. There are warning signs that the pressure to cut headcount will only grow in the New Year. That’s the post. The only issue is that I may have to move after graduating to state x. Reply reply effectively forcing users to use the official Reddit 42K subscribers in the biglaw community. big law somewhere else because I wouldn't have much time to get to experience NYC anyways if I'm working tons of hours. Oh yeah Latham is back to normal now, and the folks there are very good. I've been a partner B4 so I know this is a lot of bullshit process for an income partner position (particularly where I know quite a lot of their new income partner promotes have $0 books). Just basing off of what I’ve heard on Reddit, fishbowl, and law firm news sites. You just need to get staffed on a few deals and it The next most common seems to be layoffs (large groups of employees deemed less critical and company needs to reduce headcount). Usually, the work is much more difficult in the law firm. 534. That said, senior associate base salary in the low 200s isn't biglaw. Expand user menu Open settings menu. No biglaw firm is going to layoff an associate that is hitting their billables just I know someone who was at Pepper Hamilton and it sounded like an absolutely miserable place to work. By Kathryn Rubino Biglaw Stroock Staffers Were 'Ignored' By Partners, Left 'In The Dark' About Firm's Dire Not a chance. LawLayoffs. com Fri, Oct 25, 2024 Minority Corporate Counsel Association (MCCA) The hiring frenzy has swiftly turned to an anxious moment for junior lawyers. A lot of times, the decision to lay associates off is not explicitly expressed; the firms will gradually strip you off all your responsibilities and hint to you that you should go, The Am Law 100 was recently announced, ranking the top Biglaw firms by 2021 gross revenue. Fenwick continues stealth layoffs a month after the RIF decimation - when they assured us nothing more to come - in fact a lot more has been to come. By Kathryn Rubino on December 8, 2023 at 2:11 PM December 11, 2023 at 7:24 AM. A close relative of hers was chairman of the entire firm. Every single Am Law 100 firm saw and increase in revenue. reddit's new API This sub has a tracker for BigLaw layoffs and I wanted to better understand how that process works. Edit: There's also this from a biglaw blog I like (not mine) so it could be worse. r Prioritize your job search, because the partners will prioritize their profits at layoff time CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. A firm will have a hiring freeze and still give offers to their full summer class. There’s 100k difference in total comp and it’s ultimately a question of known evil (law firm) v. e. 49K subscribers in the biglaw community. Or check it out in the app stores Don't let the gunners on reddit make you think otherwise. Stealth layoffs are the disturbingly popular method used by Biglaw firms to cull the associate (and partner) herd. For the most part, unless you’ve been told in advance that there’s a problem, it’s unlikely that it’ll show up on your review; and oftentimes, if it’s the first time you’ve made the mistake in question and it doesn’t happen again, it also likely won’t end up on your review unless it’s a really big mistake and even then I know someone who was fired after failing one time because his firm was doing a round of mass layoffs. BigLaw Alum and now BigLaw recruiter. Top Biglaw firms have a broad range of responses when it comes to layoffs and how they choose to handle them. I got laid off from my first BigLaw job about a year in during the '08 recession. No matter how much people on Reddit deny it, the 100% remote employees are absolutely at a higher risk of being laid off first. The hiring frenzy has swiftly turned to an anxious moment for junior lawyers. Bryan Cave Leighton Paisner has laid off about 50 staff members in the United States and the United Kingdom, with most of the cuts I'd be surprised if they did. The practice groups that weren’t affected by the layoffs are still hiring (though much less than before). I'm currently a 5th year associate in an active M&A group in midlaw (140ish attorneys) working in a midsize midwestern city. Pepsi plant closure is a 'slap in the face,' employee says. Second they don't want to be featured on the pages of Above The Law or Law. Does That is, BigLaw Joe, an American citizen, is working remote for Quinn Emanuel in Los Angeles, gets the urge to live in Toronto instead of Palm Springs. (subtly) ask about layoffs, particularly first year layoffs, and the bar policy. 179 votes, 66 comments. They know what they are doing. Firm has three reasons to be reasonable at layoff time. I’m interested in a position but not sure if it’s worth the risk of getting bopped when work slows down again (my personal view is that a rescission will hit by mid 2025). The post-leave period is quite difficult to manage in biglaw, ie when your child is 4 months old but you have to go back to work. To be frank, Biglaw layoffs are VERY common, even though they spend unreasonable amount of money to lure the summer associates and to create the illusion that they are financially strong. Bryan Cave Leighton Paisner has laid off about 50 staff members in the United States and the United Kingdom, with most of the If you're a law firm rep who has a live opportunity, email us and we'll do our best to connect you with applicants. I make barely six figures and have to live in a 2500 square feet house in a secondary metro with my wife and child. If you got counsel to try and fight what was being offered they're definitely gonna have a bad taste in their mouth over it and not want to give you website time. It's probably both economic and performance related. 43K subscribers in the biglaw community. that had layoffs yesterday too Reply reply r/biglaw. Since it looks like firms are not doing layoffs like in spring this year, it looks more like the out part of "up or out". There has been massive layoffs today in PwC Canada - Consulting. Several Big Law firms have announced layoffs and associate class deferrals as they face depressed demand across sectors and geographies. reddit's new API changes kill third party apps that offer accessibility Definitely depends on the situation, though those seem like good factors. Shares 1. Sometimes when I lay in bed at night overlooking my manicured Missouri lawn, I take out my Sullivan and Cromwell totebag and stare at it, listlessly wondering what could have been. By best I just mean highest end/most prestigious work. This may not look like "layoffs," depending on how it is done, but it is still a tough The 2 rounds of layoffs were certainly before the vault surveys and I think the delayed start dates were as well but I’m not entirely sure (obviously not the no offers). A layoff is not out of the question where he is, especially being remote. Bottom line, a healthy firm should be able to survive a couple of lean years without layoffs. Yup. offices, according to a Tuesday internal 106 votes, 52 comments. r/lawschooladmissions. Not sure if Kirkland is doing it, so not directed specifically, but I’m sure they’ll be coming around the industry. First, they don't want to freak out the other associates who are still at work and presumably still friends with the associate who is being laid off. A lot of times, the decision to lay associates off is not explicitly expressed; the firms will gradually strip you off all your responsibilities and hint to Former biglaw, in house now. In some firms it's actually worse depending on tax treatment, benefits, counting non-billable hours, perks like dinner and taxi budget, etc. . I understand "market" is for biglaw firms to report the last date of website time as the last date of employment. Hours are way more manageable than, say, M&A but in BigLaw they will never be easy. Lawyers and staff at big law firms are continuing to face layoffs as global deals take a dive and client demand falters. Members Online • patently_ ADMIN MOD Any post-h1b layoffs? curious if firms laid off people after the recent h1b lottery. reddit's new API changes kill third party apps that offer accessibility features, Goodwin announces no more layoffs until 2025 This sub has a tracker for BigLaw layoffs and I wanted to better understand how that process works. From the perspective of a prospective law student who is interested in Biglaw as a meaningful career option, you should be able to get a sense of how the different law schools compare in terms of biglaw employment outcomes. com Fri, Oct 25, 2024 Federal Court Tells Lawyer Something He Already Should Know: Facts Aren’t Defamation abovethelaw. They do a little wager where they say, “don’t tell anyone you were Don't be distracted by Biglaw raises -- layoffs are still a real issue in the industry. Cali culture is an To be happy as a biglaw lawyer I think you need to be a very particular type of person. Third, if you are looking for permission to leave biglaw, you have mine! Outside of the very tiny biglaw world, literally no one cares how big your firm is. Learn how the industry is coping and what the future holds. First-Year Associates Caught in the Crosshairs of Big Law's Latest Layoffs First-year associates were among the lawyers let go at Gunderson this week across the Bay Area, Los Angeles, New York and Some people will say Latham because of the layoffs, which were pretty bad. By Staci Zaretsky on November 9, 2022 at 10:41 AM BigLaw firm confirms employee layoffs for second time in a year. June 14, 2023 at 03:09 PM 3 minute read BigLaw News Law Firms Law Firm News 2024 Biglaw Firm Sets The Record Straight On Layoffs — See Also abovethelaw. reddit's new API changes kill Get the Reddit app Scan this QR code to download the app now. Would In Chicago it's very strong second-tier among Biglaw firms. All, I have a callback interview with a V30 firm soon. Lowest partner is about 10x first year salary and highest partner is exactly 10x lowest partner (they have a 10:1 ratio among equity partners, which is part of how we can figure these things out). I told my boss, an excellent solo practitioner, and former biglaw attorney, that I am applying to 2L Summer opps and he told me to keep him in the mix because he would convert me to a summer associate pay a biglaw salary. My firm just fired four first-years who have been practicing law for 5 months. Thoughts on Milbank culture? comments sorted by Best Top New Controversial Q&A Add a Comment More posts you may like. 2L evening student. Open menu Open navigation Go to Reddit Home. Midlaw to Biglaw M&A Transition . Get the Reddit app Scan this QR code to download the app now. The majority of Law. Teamsters Local 727 plans to "take any and all legal action" to do right by all union members following the abrupt Are layoffs actually happening across the board due to the market or is it just a few firms? I’ve seen some people post about it on here but haven’t really seen anything else in the news. Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; Get the Reddit app Scan this QR code to download the app now. Shearman is also on its second round of widespread layoffs in the past 12 months, is imposing an hours requirements for bonuses for the first time ever, and also apparently didn't pay out bonuses to 2,000+ hour associates in certain practice groups that weren't profitable enough. Reply reply 321sleep • You might consider sole proprietors and boutique firms. View community ranking In the Top 5% of largest communities on Reddit. The best place on Reddit for admissions advice. It's a marathon, not a race. It's a terrible assumption, but someone might make it. I have seen a lot of posts about Big Law WFH policies, so I decided to take some time this wonderful Sunday to create a I really enjoyed my experience there and feel like BC really punches above the weight of its ranking in biglaw placement. I do think they serve as a cautionary tale though of being overzealous in your layoffs. reddit's new API changes kill third party apps that offer accessibility features, mod tools, and During pandemic, when biglaw grab warm bodies, lots of small firm atty lateraled, but that’s almost once in a decade chance. These layoffs have less clear explanations and may point to a more general economic downturn that Lubin told Fortune that the layoffs, which he describes as a “tough but prudent decision to streamline our operations,” would affect around 162 of the 828 employees who Biglaw firms must now decide whether they’ll attempt to save face by offering complete transparency when announcing open layoffs or conduct stealth layoffs in secrecy. Since it looks like firms are not doing layoffs like in spring this year, it looks more like the out part of "up or Law firms whose rosters were thinned by larger rivals in last year’s recruiting war are seeing a chance to strike back. (after a few years in biglaw to pay off debt) he made sure I had a meeting with the US attorney. Should be a healthy market to lateral in. Hi All, Any insights/experiences/wisdom or advice would be heavily appreciated! I've been "let go" by my firm and I'm looking to lateral to another Get the Reddit app Scan this QR code to download the app now. pinned by moderators. I know my first biglaw firm will report X date as my end date, which is earlier than my last website time date. reddit's new API changes kill third party apps that offer This is complicated by the fact that for most, your time in biglaw has an expiration date. Hot New Top. Or check it out in the app stores overall good firm but not somewhere if you want to make good money in your biglaw career compared to other firms. On track for 60-70 hour billed hours this week. " Which, I have to be honest, sounds more The majority of Law. Corporations like to hire from Biglaw, but if your resume is Biglaw to boutique, someone might assume you didn't make it in Biglaw. Maybe if you went to a top 10 law school and were at the top of your class, you might have a slim chance. I’m a first year who didn’t get fired but they expect me to shake my paranoia and waltz into the office tomorrow and draft ancillary agreements as if nothing happened. reddit's new API changes kill third party apps that offer accessibility 13 votes, 13 comments. I've always dreamed of living in NY, but feel like it might not make sense to do big law there vs. Even in the pandemic firms that laid off like Goodwin also went up that year or the next because they went on a hiring spree right before the survey (and look what happened to a lot of those juniors). The stress of BigLaw is incredibly difficult to appreciate until you've lived it. In my situation, it was mostly the last factor. No idea if layoffs Proof of alienation of people by capitalism: Look at a group of Americans who grew up in a capitalist society discussing layoffs in law firms, claiming that it's definitely because of poor performance that the firms lay off the bad associates and keep the good ones. g. Reply reply Stay updated on the latest law firm layoffs in 2023 with our law firm layoff tracker. Reddit iOS Reddit Android Rereddit Best Communities Communities About Reddit Biglaw lawyers on <reddit>. Having said all of that, whenever times are hard and work is lean, expect performance reviews to become a little bit harsher. My friend moved (post-merger) to a different office that’s primarily filled Stealth Layoffs Come For Junior Associates At Top 20 Biglaw Firm The firm is reportedly letting associates go following performance reviews. Law firm layoffs - affect on Being an international student, I would like to end up at a firm with a low rate of layoffs since if I get laid off, I would only have 60 days to find another job on my work visa. "Now, after tens of thousands of layoffs, the time seems right for game developers to stand up for their rights against systemic greed. Reeves called a female associate into his office after going to lunch with her and having several glasses of wine, people familiar with the matter said. My comment relates only to reputation and future career prospects, which I know you didn't ask about, so take it or leave it. card classic compact. There is a reason why it consistently leads all jobs in lowest job satisfaction. me for any questions or concerns. 50K subscribers in the biglaw community. You would think that leads to better planning for that inevitability, but it often doesn't. r/biglaw A chip A close button. standout first years are easily identified and typically considered safe)? Something in between. There’s no consensus on how many firms will make layoffs and how deep the cuts will be It’s my understanding that the most common exit after a few years of BigLaw is going in-house and that this usually means a big pay cut in exchange for reduced hours. Further let's assume "a full debt load" is $150,000. com's reporting on staffing adjustments in the legal industry. Get app Get the Reddit app Log In Log in to Reddit. One way to get in biglaw for you may be go to tax llm programs, since something must change if you were not eligible right out of law school View community ranking In the Top 5% of largest communities on Reddit. It basically means there’s a very high bar for lateral associate hires. Same with corporate governance— you’re not gonna sustain more than a 5 hour a week practice going to board meetings and drafting proxy statements. how nice/kind they were, and surprise that they were laid off. A lawyer is a lawyer is a lawyer. 8%), and when asked if their firms had already conducted layoffs this year, 17% said yes, This divide in types of matters explains why you see contradictory headlines on Law. He may have to switch into a different in house role for better pay and hopefully similar hours. CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. And it was a banger year in Biglaw. 45K subscribers in the biglaw community. Left a job after 6 months for a much better position? Also fine, because who would not do that. /r/immigration is protesting Reddit's API changes. The lack of notice from Reddit, exorbitant pricing and terrible official apps are unacceptable. ETA -- even if true that MBB is more volatile, I think the exit options are much better than biglaw. Internet Culture (Viral) Amazing it's a sexy enough industry that folks will be more than willing to join in for BigLaw salaries. In the past week they’ve eliminated entire departments, fired three senior directors and everyone is on eggshells as to what’s coming next. Stay Several Big Law firms have announced layoffs and associate class deferrals as they face depressed demand across sectors and geographies. 6% said Get the Reddit app Scan this QR code to download the app now. ) Latham getting hated on after their GFC layoffs but not actually suffering in the long term is a great example. You can also reach us at lawlayoffs@proton. Reply reply ineedabulldog • This is true to an extent. The 2 rounds of layoffs were certainly before the vault surveys and I think the delayed start dates were as well but I’m not entirely sure (obviously not the no offers). It's okay, to not be okay (AR8) upvotes are you aware of how many people have been laid off recently? Firms may as well take down their job postings and not hire anyone if they don’t want to employ someone they suspect may have grievances with their prior/current firm and those grievances could be tied to any post complaining about said firms doing mass layoffs. Goodwin announces no more layoffs until 2025 upvotes · comments. In this sub, we talk a lot about going in-house or government as an exit ramp from BigLaw, but I don't see much commentary about going to MidLaw. And think about jumping to a different firm. com Fri, Oct 25, 2024 Cravaths Joins The London Legal Battleground With Linklater Hires lawfuel. The specific product line of skid steers and compact tract loaders that is part of this news: Caterpillar made in Sanford North Carolina, Case/New Holland made in Wichita Kansas, Bobcat made in North Dakota to name the major brands. That being said, it is still a radically different partner comp structure than traditional BigLaw and everything you said about them leading the rest of BigLaw to change (a change that most firms resent) is spot on. Nervous about my future and BigLaw firm confirms employee layoffs for second time in a year. 106 votes, 52 comments. The entire legal industry has undergone major changes in the last If your firm or organization is reducing the ranks of its lawyers or staff, whether through open layoffs, stealth layoffs, or voluntary buyouts, please don’t hesitate to let us know. They all overhired and have done layoffs, but they’re still more heavily staffed than they were before the gangbusters market of 2021-22. According to a report from the American Lawyer, numerous firms in Companies "outsource" to biglaw for specific reasons, but generally 3 reasons: (1) it's too expensive to maintain certain expertise in-house, (2) spikes in volume beyond the capacity it makes sense to maintain in-house, (3) where the company needs outside counsel, e. S. Gaming. The biglaw machine can be used for good. There have been some big layoffs. Law Firm . If someone is actually fired unless they do something extreme (violence, sexual misconduct, etc) they might get fired/suspended immediately, but for performance they would get put on a PIP (personal improvement plan- basically what they The 2 rounds of layoffs were certainly before the vault surveys and I think the delayed start dates were as well but I’m not entirely sure (obviously not the no offers). Need Advice - Solo or BigLaw Appreciate any help I can get. Go to biglaw r/biglaw . A lot of tech companies are experiencing layoffswill firms do the same? i am a 2L and worried about my chances of getting a return offer Related Topics Law school Any layoffs are happening in specific practice areas and/or offices, not firmwide. offices, according to a Tuesday internal Being an international student, I would like to end up at a firm with a low rate of layoffs since if I get laid off, I would only have 60 days to find another job on my work visa. My firm told me they would help in finding something else, but I don't quite know how they can help. Now some are out of jobs. Get a 2L SA, take lots of tax assignments, pick tax at the end of the summer. Re: biglaw layoff tracker Post by Anonymous User » Fri Apr 14, 2023 6:21 pm NYU just sent us 3Ls an email about delayed start dates and layoffs and reminding us about career resources. Discussion, issues, best practices, and support for lawyers practicing either solo or in a small firm. After-tax biglaw takehome pay less loans (monthly): $5388 After-tax public interest pay (monthly): $3750 And the decision to promote is completely ad hoc. Of Posted by u/Comfortable_Art_8926 - 2 votes and no comments 31 votes, 55 comments. If it were still the 2021 boom times, the firm wouldn't be letting an associate go almost no matter what. This was viewed as extreme. Reply reply Firms like Cooley, Gunderson, Goodwin, etc. If specific office makeup is already in the same range of diversity as the cuts themselves there's no inherent issue on the face of it. Law firm salaries don’t move with inflation. But it has also been 15 years. Is there a difference between the M&A group and Private Funds? Is there a little more predictability and WLB in PE? comments Filling Time When Slow With Work As A Lawyer At A Small Firm abovethelaw. Some companies don’t want first years or clerks on matters, but that’s provided for in engagement letter. Biglaw lawyers on <reddit>. com as being an unreasonable firm to work for. In Biglaw, my understanding is that layoffs are far less common vs consulting, and it is easier to survive up-ot-out cuts into your senior asso years while banking big $$$. Go to biglaw r/biglaw. The whole place is a dumpster fire. I've seen tons of these sorts of layoffs. Terminations are from A to D level with varying severance packages depending on tenure (I hope) 4-5% of employees is approximately 140 employees in Consulting. If you've been Unless the firm's done that to several associates nationwide or globally, that's not a stealth layoff. I support a business that operates throughout the east coast but I've never heard of Shutts & Bowen or Gunter, and I'd guess most people here haven't either. Biglaw doesn’t pay biglaw money for you to have work life balance, and as a first year, you’re the very last lawyer in the firm that should expect to be able to figure out a work life balance right now. Current staffing levels Some of the people who made biglaw only because of the hot economy won't last. Mentioned he plans to grow the firm. News of recent layoffs at highly profitable firms is slowly seeping across the industry. That’s neat that you were able to stockpile age statement releases before they were largely discontinued. Law firm layoff tracker. The repayment schedule for a 10-year plan will be $1812/month. save. Or To be frank, Biglaw layoffs are VERY common, even though they spend unreasonable amount of money to lure the summer associates and to create the illusion that they are financially strong. First years are at 215. Shares 2. Keep reaching out and being annoying to partners, senior and mid level associates. A lot of biglaw force reductions are hidden under stealths and freezing out. I had done good work at the firm, they had made it very clear they wanted me to come back, and so I was in a good position to ask for more to make it a done deal. More importantly however, the behavior of reddit leadership in implementing these changes has been reprehensible. I would try to get into Biglaw first and see if you can pivot within the firm. By Staci Zaretsky on March 16, 2023 at 2 Post in r/biglaw shows a detailed chart with layoffs by AM LAW 100 firm over last 2 recessions. The best way to weather a downturn is Reddit IS NOT a replacement or substitute for a qualified solicitor, and any advice given here which relates to the law is purely academic in Go to biglaw r/biglaw. 8%), and when asked if their firms had already conducted layoffs this year, 17% said yes, while 76. Seems to suggest there is some worry going on. Yeah this isn’t every day, but I feel like my life is pretty great on balance. Mr. Yes it's normal for NEP comp to be a minor boost from top year associates. You're at a perfect point in life to do it. We've been conducting quiet layoffs, even of fairly senior attorneys. I'm aware there are some visas available for that sort of thing, but don't have any practical knowledge. Your tone strongly suggests that you believe that your friend cannot achieve a positive outcome from BigLaw. People are slow at many firms. And the decision to promote is completely ad hoc. The firm is in free fall. BigLaw is designed for attorneys and related professionals who have an obligation to uphold minimal standards within the larger community Reply reply More replies More replies More replies. The hiring frenzy has The legal industry is facing unprecedented challenges as BigLaw leaders worry about mass layoffs. That attention to small details wasn’t a good match for me. Or check it out in the app stores Goodwin announces no more layoffs until 2025 What are some signs of mental distress you've experienced since starting biglaw? Amen - so glad to not be in BigLaw! In defense of the leaders of biglaw firms, I'll just say I've talked to some folks on the corporate side, it's partly their fault for sending stuff at 9pm on a Friday and demanding it back on a crazy short timeline. All. don’t fire ppl, don’t make ppl partner until 10 years in, don’t let juniors pick their own career path with an open market system etc. UPDATES: The layoff tracker has been updated - you can see health and severance package details. Lateral move is ok, especially with a location change, but it should not be a habbit. Partners kept giving me work. Kirkland and Sidley on top, then McDermott is right there with Mayer Brown and Winston Strawn for the highest point of the next tier down. Biglaw is way more hours than big4. ccvtw pzur fzd vapv lmxwli zgxbvj tvbtzhw tybmmb qnpkn hupze