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

The top managing partners hold videoconferences and

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very enlightening.” • “The top managing partners hold videoconferences and visit the offices to give talks about the firm’s strategic plans. Individual partners frequently stop to have conversations with me (a first-year) about work, professional development, the firm’s direction, and personal matters.” • “Overall, management does a great job of disclosing how the firm is doing financially and at implementing a formal review process. Associate/partner relations are pretty amazing. Partners are generally approachable and accessible, and they generally do a good job of providing real-time feedback.” • “There has never been a question I’ve asked about the firm that hasn’t been answered. That included a question about how partner compensation works. It was explained to me right down to the last detail even though I don’t have equity and am just a junior associate. There are no questions that are off limits. The firm genuinely wants you to learn how it is run because they believe it makes you a better associate.” Hours • “We work hard and are there for our client’s needs, but the firm does not overly emphasize face-time of where the work must be completed.” • “Overall, I am pleased with the number of hours I usually spend working, and I appreciate that face-time is not required (though I do not believe that the firm would appre- ciate associates working from home for a majority of the time). However, associates who gain a reputation for doing good work generally receive more work (as is the case at most law firms), which can be challenging from time to time, as
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239 Vault Guide to the Top 100 Law Firms, 2018 Edition PAUL HASTINGS LLP it can create too much work from too many sources without enough hours in which to complete it.” • “Unfortunately, the hours are long and you are expected to be on call during nights and weekends. I expect most BigLaw firms in New York are like that, though. The firm is very good about letting associates work remotely. Work is evenly distributed—we’re all busy together.” • “Deal cycles dictate working hours. On occasion deals require working upwards of 14 hours a day, but firm leadership does well to ensure that no individual attorney is stretched beyond her limits. While face-time has not been formally required, we first-year associates do spend at least 9 hours at the office each day even when we are ‘slow.’” Compensation • “Paul Hastings pays market-rate compensation and bonuses. Associates who meet the annual hours requirement generally are eligible for a bonus.” • “Salary and bonus levels are the same as other top tier firms. There is no billable hour requirement, but bonuses are only paid to associates who meet 2000 billable hours.” • “I get paid $180,000 a year my first year out of law school.
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