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

Teams tend to be on the smaller side so there is a

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• “Partners treat associates very well. Teams tend to be on the smaller side, so there is a lot of collaboration and associates are given real work and relied upon. Transparency is definitely an issue. No real complaints about compensation, since we are basically market, but sometimes there are unexplained minor fluctuations in bonuses.” • “Transparency is difficult, especially given the size of the firm. I feel that associates are treated with respect.” Hours • “Firm policy is 2000 billable hours, including 100 pro bono hours credit. I have also been personally told that I need to hit a monthly billable target of 200, without any adequate explanation for this.” • “Hours largely depends on which partners you work for. Currently, I have a sufficient amount of work, and there is always more if I seek it out since I am in a very busy practice group. Face-time is more important to some partners than others; it’s also more important as a junior associate than as a mid-level or senior.” • “While face-time is encouraged, it is not required, and the firm is really understanding about working from home or working remotely.” • “Once you build out a book of business, your schedule becomes more manageable. Teamwork is encouraged and often two associates will tag team a large project to spread out work evenly.” Compensation • “Compensation is market. Bonuses are generally market with merit increases for hours above and beyond the billable requirement.” • “I received market scale pay and bonus. As a first year, all my (close to 200) pro-bono hours were considered in my bonus pay.” • “As bonuses are not at all guaranteed, even if you hit the hours threshold, this creates a bit of a cynical atmosphere toward compensation. Additionally, the 2000 hour minimum seems high considering the relatively relaxed work atmosphere and reasonable (but not always adequate) amount of work available.” • “Bonuses were below market for a long time, but have been at or above market the last two years. Compensation has always been at market.” Quality of Work • “I have had opportunities to do meaningful, substantive work, but have also been called upon to do work that is not appropriate for my skill level. It has varied from year to year and project to project.” • “I get a wide spread of work, from complex deal documents and deal management to less complex matters that just need to be run to ground. There are generally too few associates (which is true everywhere), and sometimes this means doing work below level to ensure it gets done properly and rapidly. I haven’t experienced this as an issue though.” • “I was lead counsel on a pro bono case and had the opportunity to try the case in a federal jury trial as a first year associate. Partners frequently give me substantive assignments, such as drafting complaints and motions and assisting in preparing (and attending) mediations and depositions. I also complete a large amount of doc review.” • “For the most part, I consider my work challenging and per- haps even advanced for an associate at my level. Of course,
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  • Fall '16
  • Hugard

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