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Recent Posts
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By Dinsdale · Posted
You might have to move down a level or two in firm status / size. That is, find a firm where the mere fact you're a [Sister]-trained lawyer is impressive enough for them to hire you, irrespective of your lack of specific experience in finance. That's about all I can think of, assuming an internal move is off the table. -
By Dinsdale · Posted
I am old school, so I believe all law students should take basic business law (and tax, and evidence, and remedies, and family, and wills, and employment -- probably others). It's part of a basic legal education. Having said that, business law is fairly statute-based so it is probably one of the easier ones to "teach yourself" if you have to go that route. Lots of books on the topic. -
By Dinsdale · Posted
That's the thing. There is no "what they usually pay" at small firms. They will pay you the lowest reasonable amount they can negotiate. They may well pay different associates in the same year of call different amounts, particularly as they move up in seniority. If you can somehow gain intelligence on what colleagues in your year of call are making at similarly sized firms, that will be powerful. Otherwise, all you have (as suggested above) is a rough calculation based on a percentage of your expected cash collected. In this case it would be very helpful to also know what the firm sees as its overhead-per-lawyer figure. Does it have nice offices and lots of staff? Finally, if you don't care for negotiation you may be in the wrong profession .... -
By Lawapplicant101 · Posted
Accepted with 157 LSAT and L2 around 3.9. I truly did not think this was even possible for me given my LSAT so I'm very grateful and will be accepting my offer. -
By Evolution · Posted
My thoughts are similar to QueensDenning, and I also want to point out that an $80k new-call base salary for 1400 collected hours per year isn’t too great of a deal if you’re working in Toronto. Unless the firm you’re working for bills you out for a low rate in the context of Toronto’s market (i.e., ~$170/hour), your base salary will be less than 1/3 of what you collect annually, which is a pretty standard base salary-to-hours collected ratio that you should seek. For reference, the non-Toronto market I work in often charges $200-230 per hour for their new-calls, which would equate to a similar base salary as what you’re asking for at ~1200 collected hours per year. This is fairly standard for the market, and I know of some juniors that are in arrangements making ~$100k base at ~1500 collected hours per year. To give you a better answer, you’d have to provide additional info such as what QueensDenning pointed out. -
By LMP · Posted
Hundreds of people pass every year having never done a single business law class. I'm actually reading through that section of the bar matierals right now and it all seems fine. If you're interested take it, but don't do it for the bar.
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