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WannaBeLaw99

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WannaBeLaw99 last won the day on December 28 2011

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  1. I practise securities law and am a partner at a downtown Toronto firm. My typical weekday is: a) wake up at 7/7:30, answer urgent emails for half an hour and then shower b) get to the office by 8:30/9, answer urgent emails and delegate tasks to associates and clerks to get them moving on minor items that have arisen and need to be handled that day. This usually takes me to about 10/10:30. c) between 10 and 6PM, I will do a mix of responding to emails, calls with clients and other lawyers, drafting or reviewing documents that don’t require significant levels of concentration (eg subscription agreements, press releases, information circulars, closing documents, etc...) d) between 6 and 10-12 (usually I will start my week with longer days and then gradually fewer as I lose stamina), handle a variety of more complex matters (eg drafting definitive agreements for a variety of M&A transactions, complex information circulars, prospectuses, correspondence with securities commissions and stock exchanges, etc..) I also work about 2 hours Saturday and that is generally exclusively dedicated to responding to emails. I work between 5-12 hours every Sunday (I have maybe taken 10 off in the past 4 years), and those hours are a mix of the stuff in (d) above, “client development” items (I will think of how I can add value to various files and/or brainstorm ideas to generate additional clients), plan my and my associates and clerks’ schedules for the week, and will also try to squeeze in some reading about recent developments in securities law or articles and other materials on a topic that came up in my recent work. I bill between 200-250 hours per month and there is likely about another 50 non-billables as well. I also rarely have months that are less than about 180 hours, and have nowhere near the type of variation in hours that @theycancallyouhoju is describing (which sounds nice, as working the odd 10 hour week, even in a sea of 70+ hour weeks, seems more appealing than my schedule). I also genuinely love my job. I enjoy the work, genuinely don’t mind the hours 90% of the time, and the money is very good. I don’t have kids though and part of the reason I’m working so much now is to hopefully build a foundation that will be somewhat self sustaining so I can work a bit less in the future.
  2. This isn’t really a hot take, how is this different from what literally every news source is saying
  3. “If you miss target and get a small bonus, we’ll that sucks but a lot of people are in the same boat” is a pretty zen attitude towards extremely non-standard billing practices that seem designed almost exclusively to result in missed target and a small bonus. All due respect, but it sounds like you and the other associates at your firm have drank Kool Aid and have convinced yourselves that your firm’s billing practices are an industry norm - they’re not, and it sounds like you guys are getting screwed by the partners.
  4. As Confucius once said : “no”.
  5. I have the one I sent to the last guy in 2017, if that works send me a PM with your email and I’ll send it across tonight. I practise in the area and not much has really changed.
  6. No partner at a Bay Street firm is making under $200K, you are full of shit
  7. No partner is making that money at a large Toronto law firm, that’s barely mid level associate money
  8. It might not get better, I’m a fourth year, don’t docket non-bills since my firm doesn’t care about them, and bill about 200 per month, and would guess another 50+ easy in non-billlables. As others have mentioned, it could definitely get better if you change forms, get more senior, etc... but I also know of plenty senior associates doing the same.
  9. “With the greatest of respect..” you wouldn’t have to work so many hours if you used fewer words to say same thing
  10. I articled at a firm with fewer than 10 lawyers and I paid, I assume smaller firms are less likely to pay but there is probably a limit to the anecdotal info you will get here
  11. Well I assume they can generally make the same at any firm, so why would compensation be a differentiator between firms
  12. I’m also a Tractor regular, it’s legit and in my opinion way better than B Good, which it’s somewhat similar to
  13. If the assumption is that you aren’t hired back, then 1 is clearly the better option.
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