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About hitman9172

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  1. FWIW, I went to UBC and currently work at a large firm in Vancouver, and the majority of my close friends at UBC did not do particularly well in the Vancouver OCI recruit, but they all did significantly better in the Calgary and Toronto recruits, so my anecdotal experience is the opposite of Amay's. My impression when I was going through law school was that the Toronto firms took less competitive UBC candidates during the 2L summer recruit because there were so many more job openings over there, but granted that it may have just been a function of the legal market at that time.
  2. I posted this over a year ago in another thread, but I find my experiences are (largely) similar: "I’ve definitely noticed that a lot of people tend to automatically give you more respect/deference when they find out you’re a lawyer. I also find that when it comes up in conversation that I work at a law firm, generally speaking, dentists/doctors tend to be more cautious (because they don’t want to get sued), salesmen tend to be more helpful (because they see you as a walking wallet who might become a repeat customer), service staff (e.g. baristas, concierges, bank tellers) tend to be more deferential (maybe because they’re under the false impression that I’m more important than I actually am), and members of the opposite sex tend to be more chatty (because they’re definitely under the false impression that I’m smarter/richer than I actually am)."
  3. I’m also in Vancouver. I have a bunch of in-house friends around here who work 40-45 hours a week, but not exactly sure what their compensation is. I know of 2: 1 works for a local post-secondary institution and makes about $125k for 45 hours a week, with every second Friday off. Went in-house as a first year but is now a 9 year call I believe. 1 works for a municipality and makes about $130k working 40 hours a week. Went in-house as a 3rd year call and is now a 5th year I believe. Both also have tons of vacation, given who they work for.
  4. It exists and is pretty reliable. Also, hearing Blakes Vancouver bumped up associate salaries in the past few weeks. Not sure by how much.
  5. Don't want to pry, but if you're comfortable sharing, do you mind telling us what your position and approximate compensation are? Hours seem to be on the high end, at least compared to my in-house friends.
  6. I know 3 lawyers who are CFAs (1 obtained the charter prior to law school, 1 during law school, and 1 during articling) and my significant other is a CFA as well. Although it can be a benefit since it showcases to clients that you're intelligent, driven, and can speak the language of finance, I question the utility of the time commitment required. The estimate is that each test requires about 300 hours of study, and combine that with the 4 years of work experience, I highly question the need to obtain the CFA for anyone who is not going into portfolio management. You are probably better off putting those hours into your legal career or networking with non-law employers if you want to switch jobs. Passing the level 1 exams might be a benefit in trying to switch.
  7. Can't comment on the school, but Melbourne's an amazing city. Lots of fun and tons to do.
  8. I work at a large firm in downtown Vancouver and my commute is about 50 minutes each way. I find it completely sustainable. I’m willing to give up the convenience of being close to work for the perks of saving on rent and being closer to my family and friends.
  9. Can confirm that several large Vancouver firms are paying $65k for articling students now. Will be interesting to see how big Vancouver firms react to the Calgary lockstep bump. I doubt there’ll be much of a reaction but I do know that more and more big law associates in Vancouver are considering Calgary as a viable option given how expensive Vancouver housing is, even for someone on a big firm salary.
  10. Lockstep refers to how most big firms have a set raise for each additional year of experience. e.g., 1st year calls make $100k, 2nd year calls make $110k, 3rd year calls make $120k (i.e., there's little to no variance between what firms pay their individual associates, or what each firm pays compared to others) Lockstep bump just means that the lock-step pay scale that (most) big firms are using has been bumped up higher.
  11. I find the 3 things that help me keep stress under control are: 1. Exercise - most people in high-powered jobs turn to either exercise or alcohol/drugs to cope. Stick with exercise and make it a daily part of your routine, if possible. Do something where you're moving and/or reacting quickly and don't have time to think about work (e.g., team sports like hockey or basketball, cross-fit, running, etc.) 2. See my friends every weekend - it helps to associate with people who are not in law so that you can talk about things other than work 3. Perspective - When I go to bed and when I wake up, I try to make a conscious effort to be thankful for how good I have it in life compared to many others, or to myself in the past. If I'm stressing about work at those times of day, sometimes I'll think about the laborious, low-paying jobs I worked before law school and find myself thankful I'm working in a comfortable office with a view and getting paid more than both of my parents combined. Sometimes I'll think about how several of my friends have had parents get sick or pass away recently and find myself thankful that my family and I are all in good health and get to see each other every day, and that's far, far more important than some work deadline.
  12. Maybe try posting in this thread and someone may have some insight? I also think that thread should be stickied.
  13. As already mentioned, the market prospects may be radically different by the time you begin as an associate. When I started law school, Vancouver's legal market was down in the dumps because of slow downs in mining, real estate, and energy. By the time I began as an associate, the market was booming, first year calls were being recruited by multiple big law firms, and there was (and still is) an abundance of job postings for 3-5 year calls.
  14. Agreed. I can understand non-investment reasons for investing in RE, like the consumption of housing, and the psychological satisfaction of owning your own home. However, people who have owned houses in Metro Vancouver have made out like bandits since the early 2000’s. House prices have gone up about 6-7x on average since then, and once you factor in the use of leverage, many, many multimillionaires have been minted by the Vancouver real estate market. I guess that’s what happens when you’ve become a dumping ground for ill-gotten money. I don’t think we’ll ever see a run-up like this in residential Vancouver real estate again. Although commercial and industrial are booming here as well right now. They’ll probably stay hot until the next recession, which I’m guessing will be in the next two or three years.
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