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OzStudent

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  1. OzStudent

    Western Vs UofC Business/Tax Programs

    If you are interested in the Toronto market, then Western. If you are actually interested in working in Calgary, then UofC.
  2. OzStudent

    Crazy to give up Osgoode for Queens?

    Prestige won't be factor except to lay people that aren't in the law - they are more likely to have "heard" of Osgoode. Other than that, I can guarantee no one practicing law will view you any differently. Queens is a respected school. Kingston is a lovely town and has a tight-knit campus with good school spirit. Since you are fully bilingual, you'll have a number of opportunities to recruit for the Ottawa/Toronto/Montreal markets as well, of which Queens is well-situated for geographically. If housing is indeed a big factor for you, I think I should point out that most students at Osgoode do not live on-campus or even necessarily in North York. Since "York University" is now on the subway line, you'll have several excellent and exciting living options within 30-40 mins on the subway. A lot of students live in the St.Clair West neighbourhood for example. You can Google a bit and see if there are rentals there that you are comfortable with and within your price range. Several are reasonable options, especially if you have 1-2 roommates. Congratulations on your options!
  3. OzStudent

    Tracking into non-law jobs

    If your goal is to work in these firms in an investing capacity (rather than as legal counsel), you won't make it as a JD, even with a M&A law background - you simply don't have the modelling, financial analysis and finance acumen required. M&A lawyers certainly go into PE/VC roles, but typically when they are very senior and well-connected. JDs who go into PE and Banking roles earlier in their career are almost always JD/MBAs and/or have taken investment banking jobs post-graduation or not long thereafter, like these folks: https://www.oncap.com/oncap-team/nicholas-moritsugu.html https://www.oncap.com/oncap-team/eugene-polevoy.html
  4. OzStudent

    Work hours in big law

    I'm just curious (and definitely no need to answer in insane detail) what number of hours qualified you for 5% - 10% - 15% - 20% - 25% - 30%? And is it solely via hours billed?
  5. OzStudent

    Prospects at a Big Firm/Bay St after OCIs/In-Firms

    Depending on the year, there may be something like 0-3 full-service firms doing an Articling intake. It's also not uncommon to see Associates lateral in to a big firm. Most often than not, they are in a specialty group such as Environmental/Municipal, Construction, Condominium, Trade and the like. It's a crappy feeling, but like the above posters have all noted, there are plenty of ways to a rewarding career, and to a full-service firm if you are still keen on it. Keep developing your practice interests and keeping in touch with people in that field.
  6. OzStudent

    2L Summer (2019) Recruit PFOs/ITCs

    It takes time. To have a diverse and female Partnership, you need diverse and female 7th and 8th year Associates, and to have that, you need diverse and female Articling Students who want to stick around that long. All of these inclusion initiatives (in addition to things like the LAWS program mentioned above that is being invested in) take time to incubate - and on a far-longer timeline than simply from when you were in 1L. Look at the conversations the firms are willing to have and to host. Look not only to if they have diverse and female partners, but if they have these people in leadership positions at the firm. Do they speak? Are they marketed and supported and boosted? Look at firms that are willing to admit their short-fallings rather than shadow-box, and which ones invest real time, effort and money into addressing them. And eventually the firms will start looking closer to the city we live in.
  7. OzStudent

    2L Summer (2019) Recruit PFOs/ITCs

    100% this. Even in the summer, you'll be surprised at the leniency you may be afforded to try out different areas, so long as you are keen enough to get these types of experiences.
  8. OzStudent

    Work hours in big law

    Obviously it depends, but most people will tell you something like 9:30am to 6:30pm - 7:30pm on weekdays, with a few later nights per month (like to midnight) and maybe 5-10 additional hours on the weekend. Articling usually a bit worse than this. Litigation practice hours are a bit more predictable and corporate hours are a bit more up and down.
  9. OzStudent

    Thoughts about working at Davies?

    I don't work at Davies, but I always found their recruiting to be very effective. They always got the type of students who wanted to work there to self-select their way into the firm. I can't say that for every firm, where some students just end up there because that's where they had an offer. That's really what good recruiting is - not just casting the widest net. I don't think you'll work significantly more hours at Davies. However, I do think they are known for being particularly responsive (even by Big Law standards). Also, the type of work the firm does is mainly high-stakes transactional work that demand a strict timeline, and it's a relatively small-firm actually in terms of headcount. All these factors could mean a slightly more intense experience, thus the reputation. The surest way to vet the firm is to speak to a critical mass of students there. If you are already questioning whether or not you would happy to work there at this stage of the game, I would give it careful thought.
  10. As an Associate, the billable target is just that - a target for your "billable" time. However, firms may also have targets for non-billable (i.e. docketable time) for things like business development, volunteering, writing articles etc. that goes into your target + review. Different firms have different targets, but I've seen/heard something like 1700 Billable Hours + 200 Non-Billable Hours as an annual target. As an Articling student, I wouldn't sweat this distinction too much. Build relationships and make sure you are known as someone reliable and who works hard within the firm. In my opinion, ANY work you submit during Articling (whether docketable or not) is fair game, up for review and will generate an impression towards you - as such, you should strive for quality in every piece of work. If a Partner is asking you to write a white-paper for marketing purposes for example, you may impress them just the same if it is well-written, well-researched and well-presented, even if it is ultimately non-billable. Similarly, they will certainly remember it negatively if your work is sloppily put together. Conversely, you may pour hours and hours into a document review project (all billable, at 100% efficiency), but you may receive little credit for it at the end of the week. It may even get written down! Try to docket/bill more than the average articling student, get a broad mix of billable/docketable tasks, and build your rep and you'll do great.
  11. OzStudent

    BigLaw to Private Equity

    A path I have seen is transitioning to an Associate role in Investment Banking from a law practice group like Securities or M&A (check linkedin profiles, it's not common but it happens). You'll have to network and prove you know the finance and accounting fundamentals cold to make it happen. After two years of that, it's conceivable you could transition to PE. Keep in mind, most PE firms still want Analysts (not Associates). The Analysts almost always have much better technical (modelling and ppt) skills, are younger/hungrier, more moldable and are cheaper than Associates.
  12. OzStudent

    2017 Associate Salary Bump (Toronto)

    See page 1 of this thread
  13. That's a really great way to look at it - thanks again maximumbob
  14. More so in terms of having a career, but cognizant of the fact that larger groups typically hire more associates.
  15. Thinking ahead to articling, I was curious as to how lawyers on this forum decided to rank their practice groups for hireback and how they chose the practice area that they eventually ended up in. For some context, I'm very interested in a smaller practice group at my firm (think IP, Tax, Real Estate, Competition, Employment) but unsure whether it would be more prudent to attach myself to a larger practice group with potentially better hire-back rates and exit opportunities (think Commercial Litigation, Securities, Corporate etc). Basically, I have some Fear of Missing Out. How did you decide on your practice group? Off the top of my head, I can think of the hours, your comfort level with the work and your fit with the team as important factors. What if you didn't land you first choice group and was offered your 2nd or 3rd choice? What were some criteria that you overvalued or wished you paid more attention to when you made your choice?
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