Vault Guide to the Top 100 Law Firms, 2018 Edition.pdf

That said staffing partners will often ask whether

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• “It’s a V5 New York law firm; we work all the time. That said, staffing partners will often ask whether you have capacity rather than blindside you with a new matter. You can always say no, although I imagine that’s quite rare. Face-time requirement is pretty limited. Depending on your practice group, you’re expected to be at work between 9:00 and 10:00 and can leave at around 6:30 if you’re not on anything active. If something is live, you’re probably expected to stay until 8:30 at which point you can transition home. If a fire drill is live and your entire team is in the office, you’re—in most cases—expected to stay until it’s over.” • “The workload is heavy and unrelenting. Late nights and weekends are routine. But on the bright side, face-time is not a priority, and workload seems to be much lighter in most other groups.” Compensation • “We are paid the same as our peers and have no billable requirement for bonuses (either stated or implicit). The pure lockstep bonus is important because it leads to much more comfort regarding taking vacations and no one is protective of work for the sake of maintaining hours.” • “No billable hours target to hit to get bonus--everyone gets it! Makes the atmosphere much more collaborative.” • “Compensation at the firm is lock step (i.e., all associates of a particular year earn the same top-tier salary and bonus as all other associates of the same year) with no minimum billable hours, and the firm pays top-tier bonuses as well, so there is very little room for anything but satisfaction.” • “Hard to complain this year, in light of the raise in June. The nature of the industry is a bit frustrating but, with that being said, I have a lot of confidence in our firm’s stability from a financial perspective.” Quality of Work • “Work is challenging. Associates are always asked to do a bit more than what the associates think they are capable of, but this is how associates grow.” • “Quality of work is outstanding; the level of challenge and novelty of it make it easier to deal with unpredictable and sometimes intense demands” • “I get TOO high-level work for my tastes, frankly! This firm is about getting you brought up to speed quickly by throwing you into the thick of things. It’s quite stressful.” • “I’ve done hours and hours of doc review for large securities litigations. I’ve also been on calls with a partner and the legal team from a Fortune 500 company and been asked for my thoughts on an aspect of a potential merger for antitrust review. I’d say the latter is definitely not the norm, but there
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117 Vault Guide to the Top 100 Law Firms, 2018 Edition DAVIS POLK & WARDWELL LLP is both tedious and substantive work to be had. I’m a first year and I have been asked to draft briefs in support of motions and the like. There are also ample opportunities for substantive legal work in our pro bono cases.” Training & Mentoring • “All incoming associates participate in a week-long training program called Lawyering 101. During that week we were
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  • Fall '16
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