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chirico

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Everything posted by chirico

  1. You know nothing about me, what I have done before, who I know, what I have researched. Why don't you focus about looking into things yourself? Non-winners focus on winners, winners focus on winning.
  2. I have zero idea why someone would attack my credibility because this is anonymous forum. You should not believe anything ANYONE says, merely use the information provided to look into it yourself. If you disagree with the information that I provide, feel free to look into it yourself! You might want to speak with recruiters, people on the management committee of your firm, or read blogs of consultants to law firms like Adam Smith Esq. In any case, the market is moving towards eat-what-you kill model. Feel free to look into it.
  3. I agree. NYC firms are focused on schools in their hiring (and in my experience care less about grades than you imagine). If you don't get in now, you can definitely lateral later (if the economy is good) from average big Canadian law firms.
  4. This is just my opinion, but grades are just the entry point. I would try to spin my resume to make it about NYC and whatever area you are interested in. In my opinion, they usually hire people that have a link to NYC. I would at least have a convincing story about why you love NYC at a bare minimum. I wouldn't be surprised if they asked you how much time you spent in NYC or what is your favorite restaurant in NYC. Mine is Sushi Yasuda, feel free to use that answer or tell them it was your favorite even before it had a Michelin star. About immigration, I would just tell them that the TN visa is automatic and that there is nothing to worry about for Canadians.
  5. AmLaw 200 firms are Big Law in NYC. New York City is a huge market, top 10 is totally ridiculous. At a minimum you should look at top 100 both by revenue and profitability.
  6. Right now is the best time to recruit in New York because of the amazing economy. You definitely have a chance. I would look beyond NYC to all of the US offices (CA, BOS, etc.)
  7. I am sorry but that is not the real world. I have debated you in another thread and you tell everyone it is totally possible to become a partner or counsel and to make millions per year. That is not the real world. Most partners at large firms in Canada do NOT make $1m, and even making Counsel at a top firm in NYC is extremely difficult. Let's talk when it's your turn to make Counsel at your firm. Until then, I won't listen to your opinion about how it's totally doable.
  8. As Providence has said, you don't seem to understand what was actually said.
  9. It's misleading to say that equity partners get a share of the profits. That share can be almost nothing, unless you are at a pure lock-step firm or you are a top performer. It's very misleading to tell people equity partners make a lot of money. It's not necessarily true. It's all tied to the amount of client revenue you generate.
  10. Non-equity partners are partners - to everyone except the management of the firm. For example, many firms have MANY non-equity partners (the trend is increasing). As a client, you don't know if someone is an equity partner or not (unless you have a close relationship with them and you ask them), and within the firm, associates also don't know.
  11. I didn't say this applied to "equity" partners, I said "partners" generally. Just to clarify. In Canada, there is no data about how many "equity" partners there are. It's not because people are partners that they are equity partners (except at the firms that only have one-tier partnership).
  12. Really sorry, I did not explain correctly; I asked them about compensation and they simply said orally that Davies guarantees for early associates a higher compensation than what you can get at another firm even if you get the 30% bonus. The chart was indicating the breakdown of Davies' compensation. They are definitely not doing anything shady. Of course recruiters are aware of compensation at other firms for early associates since it's all similar. I did not explain correctly.
  13. It's possible, but it's something that depends on the school you are going to next, not something that is related to McGill.
  14. Most partners do NOT make $1m in Canada. Take a look at this https://www.thestar.com/news/canada/2012/03/30/the_verdict_lawyer_well_paid_at_8_million.html Their compensation is mostly based about their book of business (the amount of revenues they generate for the firm), of which they get a percentage (think 15-30%) of the hours that are billed to their clients by the firm's associates (e.g. 15%) and by themselves (e.g. 30%). This is how some lawyers can make 11 million dollars a year (they generate 100m$ in revenues in one year for their firm - which is totally insane). https://www.nytimes.com/2018/04/26/business/cravath-kirkland-ellis-partner-poaching.html Equally, if you don't have any clients of your own, you could only make 250k (or less) as a partner because you are only paid for the hours you are making yourself. To the person who said 400k is nothing to sneeze at, many partners in Canada make less than that.
  15. No, I don't have access to the confidential dockets of lawyers at firms I don't work at. Maybe, you might consider looking into it yourself by speaking to many people working there, if you think what I am saying doesn't make sense? Feel free to share what your findings are - Like I Did.
  16. I gather that Average number of hours is higher for students at Davies because most students there are gunners (not because they are forcing work on you).
  17. My statement only applies to the topic of this particular topic, which is about "student" hours. As an associate, you are stuck with certain partners, and so your experience will vary according to them and how busy they are. As a student in Canada, you are much more in control because no one knows how busy you are, you are free to take on as much or as little work as you want. That being said, at Davies the expectations are higher because everyone is a "gunner", thus you will need to work harder just to match the market. On the other hand, at some other firms, most students don't want to work so hard if they can avoid it, and this is why if you go there, the bar is lower. In my experience, I want to clarify that as a student, very rarely you will actually be forced to take on work (in stark contrast to associates), because if you are not assigned to a particular group (this depends on the firm), then no one knows how much you are working.
  18. So what your opinion? I would love for you to share it. I said: Davies pays the highest in Toronto for early associates at any large Canadian firm, because they have a bonus and profit sharing system that guarantees a higher compensation than the highest bonus and total compensation you can get at another firm. For example, higher than 110k + 30%. What is your information that you want to bring forward? Do you have some information to tell that disproves what I said?
  19. I agree. If you can be happy another way than being a lawyer and it's not your dream, keep an open eye for the many options that there are. You would be surprised how "regular" people can make a lot of money in a "normal" job with many weeks of vacations and many quick promotions.
  20. You can verify these numbers yourself. I have looked into it. I am really surprised that people don't believe Davies pays the most.. they literally made a comment that their employees were slaves... They work extremely hard and they have a unique partnership structure. Why is it surprising that they make slightly more?
  21. I would buy the cheapest laptop that is reasonable (way under 1500), and I would get a software to backup the whole laptop online (eg Acronis), just in case it breaks or you lose it. I would buy extended warranty - or - you might use this for your first legal case in small claims : ) Keep the rest of the money.
  22. I think the only question is: What is your dream? If you have a dream (if you actually have one, not if you think/say you do), then you pursue it no matter how long it takes. If your dream is to go to McGill or become a lawyer, and you get rejected, I think you should feel zen. Because you should know, deep inside you, that no matter how long it takes, you will keep doing everything you can until you do finally get it. I wouldn't worry about it at all if it was me. Here are 10 things you can do: Learn French Write a paper about law (I think it's easy to research some areas of the law, for example a narrow issue) Get better letters of recommendation Do research for professors Get legal experience doing research for lawyers (e.g. on non-law issues, such as policy, etc) Work for free part-time at a NGO related to law Get involved in community Volunteer at McGill events Attend events at McGill law school Meet McGill law students and learn more about the actual experience etc, etc, etc. Good luck, don't give up on your dreams!
  23. I think McGill is a great choice for someone who wants to work in a smaller firm in Ontario. It will require more travelling to do networking, but the money you will save in tuition is huge, the experience is amazing (McGill is so fun!), and McGill has a great reputation. Going to U of T barely makes sense when you go to Bay Street, I don't think it makes sense at all if you work in a smaller law firm. Unless someone pays it for you, then sure, they have amazing professors on the level of US law schools regarding research. I think the money you will save will allow you to article for free if you want, which will ensure you can get the job you want (if it gets to that, let's say, because you have bad grades). Definitely McGill.
  24. I stayed at Evo Centre-Ville and I do NOT recommend it. Get a normal room in a normal apartment advertised on a Montreal housing Facebook group, unless you are a rich exchange student from overseas.
  25. This seems to be the word on the street, if I was going to apply for one, you are right 4th is best. Many thanks!
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