I should never have entered Esquire's BDRM contest.

Bull · Jun 17, 2010

@ OffTheRack - even Cravath brought in their first lateral partner (in tax.)

The number of firms who refuse to bring-in laterals has shrunken or altogether disappeared.

Kirkland & Ellis, easily the lead player in private equity, does it all the time - what, that makes them chopped liver?

Sheesh. I think you're stuck in the 80s, broski. Things have changed. A lot. Get with it.

teddieriley · Jun 17, 2010

While entirely enlightening, Bull, this thread isn't for you to share all of your knowledge of how Big Law works. No one really cares, even me.

Now let's kick the next verse, Vox sockpuppet!

luftvier · Jun 17, 2010

Originally Posted by Bull

@ lufty: let me clue you in on biglaw secretaries: 1 - There are no hot big law secretaries. The young, hot girls aren't reliable. They'll leave in two years to get a masters in marketing. From university of [big ten college]. And never come back. So all secretaries have been there since the 60s or 70s and can tell you how things were before fax machines. In gory detail. Cuz they were there. 2 - There are one or two exceptions. But you will never (repeat: NEVER) get this secretary. This secretary is reserved for young, hotshot lateral partners who bring a book of business worth $2.5m+ to the firm, i.e. two or three equity funds or Fortune 500 public cos. For a snot-nosed first year associate? Meet Marge. Marge, lufty. Hey Marge! Don't say I didn't warn you

.
My secretary will make me coffee every morning. Because I'll have to be my own secretary. Because I'll be a solo. Downside - no one to blame for my ****-ups.

Bull · Jun 17, 2010

Oh ****, The Luftritary....

http://en.wikipedia.org/wiki/Secretary_(film)

Shweet.

OffTheRack · Jun 17, 2010

Originally Posted by Bull

@ OffTheRack - even Cravath brought in their first lateral partner (in tax.)

The number of firms who refuse to bring-in laterals has shrunken or altogether disappeared.

Kirkland & Ellis, easily the lead player in private equity, does it all the time - what, that makes them chopped liver?

Sheesh. I think you're stuck in the 80s, broski. Things have changed. A lot. Get with it.

Not really sure that being the lead player in the private equity legal market is what legal prestige is all about. K&E is a great firm, sure, but not exactly elitist.

Cravath's lone lateral, in TAX, really more of a separate firm at most places rather than a department, is really the exception that proves the rule. I say if a firm has a billable hours requirement and doesn't have lockstep partner and associate compensation, it's a second tier firm. You're absolutely right that the top tier is shrinking, but it's certainly still out there.

Eustace Tilley · Jun 17, 2010

I find all this analysis of law firms incredibly stimulating

TheFoo · Jun 17, 2010

Originally Posted by OffTheRack

Not really sure that being the lead player in the private equity legal market is what legal prestige is all about. K&E is a great firm, sure, but not exactly elitist.

If you don't consider Kirkland an elite firm, then your notion of "elite" must cover an exceedingly small number of firms. It is telling that in terms of compensation, Kirkland is the only firm aside from Wachtell to pay outsize, above market bonuses.

Originally Posted by OffTheRack

Cravath's lone lateral, in TAX, really more of a separate firm at most places rather than a department, is really the exception that proves the rule. I say if a firm has a billable hours requirement and doesn't have lockstep partner and associate compensation, it's a second tier firm. You're absolutely right that the top tier is shrinking, but it's certainly still out there.

Whether a firm has an official billable hour requirement is hardly a measure of anything when they all have de facto requirements anyway. Also, the vast majority of Vault 100 firms pay lockstep compensation. What universe are you coming from?

Bull · Jun 17, 2010

LOL ok. If we're talking about the highly subjective and meaningless world of "elitism," then fine. But K&E poaches partners from elite institutions all the time, just like they poached Skadden NY's two lead M&A guys last year, just to do it.

Elitism is 80s ****. Catholic social clubs and Episcopalian social clubs and mint jelup. Rack of lamb and pissing on redwoods and secret handshakes and ****. Phooey. The 2000s are about $. It's about the guys who weren't invited to the party showing up with a model on each arm, and throwing the keys to the Panamera to the valet.

Personally, I can see the allure of elitism, but I could give a **** about such elusive, squishy criteria. The dollar bill doth not lie.

Eustace Tilley · Jun 17, 2010

Originally Posted by Bull

It's about the guys who weren't invited to the party showing up with a model on each arm, and throwing the keys to the Panamera to the valet.

For sheer d-baginess, you're my new favorite poster. Keep'em coming!!

sho'nuff · Jun 17, 2010

why do all ma

threads end up like this?

voxsartoria · Jun 17, 2010

Originally Posted by Eustace Tilley

I find all this analysis of law firms incredibly stimulating

Which Firms practice Malthusian Law?

Thank you.

- B

voxsartoria · Jun 17, 2010

Originally Posted by Eustace Tilley

For sheer d-baginess, you're my new favorite poster. Keep'em coming!!

Yo, yo, yo, yo! Brutha!

That ain't no forty, chump.

- B

haganah · Jun 17, 2010

I hate to interrupt you marsupials as you lollygag over office crap nobody else cares about, but did you notice there was a cat in the sky? Seriously...that's next level.

Eustace Tilley · Jun 17, 2010

Vox,

Any way you could edit your post and change "Brutha" to "Broski" or "Broheim"? Bull will like that.

haganah · Jun 17, 2010

Is this outside your office? I can see your taste in decore as you used the fancy curtain ties on her pole.

Originally Posted by voxsartoria

Yo, yo, yo, yo! Brutha!

That ain't no forty, chump. - B

I should never have entered Esquire's BDRM contest.

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