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leafs_law last won the day on November 25 2016

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About leafs_law

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  1. leafs_law

    You're in Biglaw and you LOVE IT!

    I know a lot of people on bay who love it. The work is interesting, and the clients can afford for you to actually work a file to the best of your abilities. It’s also nice to be in a big community, having hundreds of other lawyers in the firm to socialize with (not to say that this is a substitute for outside socialization, but I myself really like it). Though, it depends what you’re comparing it against. Some people would rather have one-time interactions with an individual client, whereas some enjoy building a relationship with what becomes an institutional client. But yeah the biggest thing is the work you get. They’re files that feel important, and most of the time you won’t be conceding on issues just because there’s no money for legal fees.
  2. leafs_law

    Average Starting Salary

    Higher yes, though not by much. They’re sitting at $96,200 annual. Very impressive that small firms are basically matching that.
  3. leafs_law

    Paying for Law School

    Just gonna leave this here. https://i2-download.imgflip.com/2sqvbs.jpg
  4. leafs_law

    Dungeons & Dragons on Bay Street

    I’m so down. Whoever OP is, lemme know if this gets going.
  5. leafs_law

    Associate Positions

    I wouldn’t hire someone who was 1-5 if they said they were “Top 10” instead of “Top 5” or “Top 3” or “Top 2”, as the circumstances warrant. That would almost be as clear a self-marketing error as calling oneself “Top 4”.
  6. leafs_law

    How much do 3L grades matter

    Well, as a third year doing primarily litigation at a biglaw firm, with much better experience than grades, this is good to know. Not that I intend to lateral - quite happy where I am now.
  7. leafs_law

    How much do 3L grades matter

    I don’t have direct knowledge on this one but, from discussions with colleagues, it seems to me that grades are still the most important factor for lateralling in years 1-3 and that they are less important, but still important, in years 4-6. Past that I don’t think it much matters anymore. If you’re lateralling big-law, they will (almost certainly) request transcripts. Not sure about smaller firms.
  8. leafs_law

    Salary Negotiation Tips

    I am humbled. I have never even thought about what goes on in the contingency fee world in terms of effects on advancement and compensation. Admittedly, I’ve always been on Bay and while I do take notice when opposing counsel is on a contingency agreement, i only do so where that gives me some insight on their motivations for litigation strategy. Though, if I operated my own firm on contingency, I would still want to track my associates’ hours as a way of seeing how much work they’re actually doing for me. There is probably an art and science to quickly making money without spending many hours on a file, even at a junior level, but I also think that a junior shouldn’t be penalized for spending tons of their time on a file that doesn’t end up being lucrative.
  9. leafs_law

    Salary Negotiation Tips

    Yeah, all of this. But if it does turn out that billables/targets don’t apply to litigation then I’m running straight to my bosses to let them know that they’ve been scamming me for the past few years 🤯.
  10. leafs_law

    Gender Stereotypes on Bay Street in 2018

    I would not at all be surprised if, after spending a year at home with their child, women are just saying “fuck that” to the grind of Bay Street and then being away from that child potentially 12 hours a day, 7 days a week. I also wouldn’t be surprised if men feel like they can’t make that decision. They aren’t as supporterd in taking leaves and are, despite changes in contemporary views of gender roles, generally expected to be the financial provider. The majority of my female friends would not date a man who earned less than them (not sure if this is true of many women or not, but I also see it prevalently in my romantic relationships). And not to take away from the post that lccrowne just made but that has not been the case at my firm (one of my female colleagues had all of her files babysat on her year long mat leave and was welcomed back with a full file load. Another was actively pursued after she went in-house and offered a 4 day per week arrangement just to get her back). That said, discrimination for sure exists. I just don’t think it’s as systemic as people think. And, honestly, I think it’s sometimes a convenient excuse. Alright, begin the pile-on.
  11. leafs_law

    Gender Stereotypes on Bay Street in 2018

    I totally agree and I just wish the contemporary discourse would reflect this. Instead, it’s almost socially unacceptable for men to complain about the issues that we face.
  12. leafs_law

    Effective Rate

    I think it’s reasonable throughout but will defer to others for later years. It’s been about my ratio for my first few years.
  13. leafs_law

    Gender Stereotypes on Bay Street in 2018

    I’m sorry. And I do have to apologize in advance. Because there are a lot of women defending their privilege here and, to be honest, I think it comes from a place of self entitlement. I think most of us can agree that raising a child is one of the most emotionally fulfilling endeavors that a human can experience. And we can probably also agree that it’s entirely normalized for a woman to take time off work to do that, and to be paid for it. Find me someone who would prefer to work than raise their child in the first year of that child’s life and I’ll show you someone well outside the norms of human experience. And I’m not saying it’s not penalized to take that time. But I would argue that it’s not equally penalized. Because it’s not normalized for men to take the same time that women . And, in fact, if men take the same amount of time off as their wife, or god forbid take more time, they are subject to additional stigma. Few firms look to accommodate that man like they would a woman. So, men are, disproportionately, missing out on a break from the grind and one of the most self-realizing and satisfying things one can experience. But, also, firms only decide how far to accommodate parents who decide to take time off. And society in general decides very little of individual circumstances. It is families that decide who takes that time off, whether the mother or father. So, if the father, or anyone else in your family, pressures you, as a woman, to be the one to take that time off, that is a discussion to have with them. It is a family issue. I am not sure about other firms but, at mine, men are paid far less than women if they elect to be the one to stay home. Also, I really haven’t seen much overt discrimination against women in any of the firms that I’ve worked in. In fact, I’ve found it’s more likely for women to make partner now, if they decide to stick around as long as their male colleagues. At this point, it might now surprise you that I am one of those guys who gets along much better with women than I do with other men. I would say that maybe 75% of my friends are female. And I’m probably making this argument because I would legitimately want to take years out of my career to raise my children, when I have them. But I feel like I can’t. I likely won’t be able to tell my future wife to go back to work earlier than me and I likely won’t be able to tell my firm to offer me the same amount of leave as if I were a women I can confirm that the majority of my female lawyer friends have already transitioned to in-house roles. That was, for many of them, after their firm made significant efforts to convince them to stay. But, the fact is, they didn’t have to stay. And they didn’t want to. Because they could switch from 80 hours a week to 50. And they had spouses who were taught at a young age that they should be the one to support their partner, to work harder than their partner and to contribute more than their partner, financially. Those women weren’t socially conditioned to have their income and hours of work constitute a huge portion of their self-worth. And that is, maybe, why men stay in big law, despite hating it, despite the personal sacrifices they makes for working such long hours, and despite their disproportionate affliction of mental health issues, including substance abuse and suicide.
  14. leafs_law

    Effective Rate

    I think 60-75% is a good ratio. If you’re above or below that it could be indicative of different problems (either you’re not adequately capturing your time, you’re doing too much non-billable or you’re over-capturing your time). Unless you’re in court, you shouldn’t realize 100%. Edit: I will say that solicitor practice ratios are higher than barrister. My transactions colleagues (purchase and sale of business) are likely closer to 80% or above, but sometimes they have nothing to do at all.
  15. Yeah, I agree with you and pzab on this point.