Kirkland lets people enter equity partnership at year 9, non equity at year 6, about a year more at skadden, Jones Day, Wachtell, Its some more years at Clifford C and A&O
And I never claimed everyone beggining a TC ends up in equity partnership, its the same thing as in India, the work hours are ghastly and will eat up your life, added to that the toxic culture etc. which has no difference there and here.
An first year equity partner at Kirkland makes 2.5 mill Dollars pre tax in 2021-2022 (you can check reddit, Above the Law threads) [It matches at the UK Office as well in pounds, u can check Kirklands website]
Its nearly 2 mil in other US Biglaw firms, and maybe 1-1.5 mill in UK Magic circle
Non equity is also a guaranteed fixed >500k in US biglaw at least as they make public their scales, it can be verified,
Wachtell is an exception, it starts at 400k and at year 6 will be at a mill even in non equity/ associateship because they have billable targets of about 3000 hours and more and have a unique method of billing clients i.e. contingency fees, something similar in Susan Godfrey but a bit lesser
TC pay may not be comparable, because u are quite literally doing a "training" and will be paid max to max 60k pounds in a US Biglaw Office
But the super jump once you're selected (almost certain at most places, though not in this recession) to associateship is incomparable, also the partner pay in equity is in millions always in biglaw and magic circle
Also the learning outcomes in a TC and the work experience is very rich and nothing like in Indian Firms
Im a Tier 1 NLU student. it's fairly clear how you apply to UK Magic circle firms. Wanted to know how does an Indian law student apply to US Biglaw firms like Kirkland and Skadden (London offices obviously). I'd heard there was a student from NALSAR last year who got a TC at their London office.
Is it the same London office website? Is it much harder than magic circle? Is it worth it, given the world class pay? No need to talk about the work culture, but if some firm is exceptionally better do mention.
well yeah, I interned as a research assistant at a 'top 3 NLU' professors office. I could feel the difference in work allotted to me from he first day. Some boys 2 years junior to my batch were given much complex and quality work, while I was asked to assist them and help them around like a clerk
do you then have the guts to complain or sue? no right? you just wanna rant over some unfounded baseless allegations to gain clientele, but let me tell you NDA is still one of the most prominent and attractive firms in India, don't use malicious claims like this for what only seems like you being fired ▮▮▮
I really think this new lgbt hype is just a waste of time and resources at this esteemed institutions, why do u have to consider someone differently? keep lgbtqabschdbss etc. at an equal level, not keep them at a higher pedestal because they "chose" to identify as someone
Yeah look at the f audacity of such people to openly say stuff like this which most people know is definitely the total 360 degree opposite in reality. Maybe he could begin by giving internships based on merit and not contacts, maybe he could begin by actually replying to personal applications, maybe he could at least pay at par with his compatriots, maybe he could stop treating people like s.
Dude what tf is this question? Why would people only invested in law become billionaires? You don't sell products at a margin and make profits? you just give people advice on random compliance which is not even binding on them?
And no law firms are totally not looking for talent. And as observed in the NLU v Non NLU discussion below, useless guys, that's not the issue, being from a tier 1 NLU. The truth is, these so proclaimed tier 1,2 firms only hire through CONTACTS, even newer firms like Saraf, Ive had several batchmates who in the opinion of most are totally lacking any semblance of talent or even interest in law, but land 2 tier 1s in their 2nd year. People openly discuss which partner/ SA "got them" an internship.
The HR at these firms are also involved totally. They reject all perusal applications by an automatic reply, even the forms and assessments in their website are pure sham. It's not just me, Ive had friends with excellent grades, best internships, and publications rejected just because "slots were filled" even 7 months prior to the asking date.
Even if they hire through placement cells, it's really few compared to the former pathway. It's so common to suck upto partners for contacts.
And you come and say you value merit? talent? Big words tier 1 partner.
Can you at least look at your counterparts in the US or UK, where managing partners don't hold onto 60 percent equity in their firms and from personal experience (got rejected, but saw friends), they do totally look at talent. I for once applied to a firm named above, for a time period 6 months later, and the rejection reason states that the slots are full?
If you do this stuff, atleast have the decency to acknowledge it.
[I wrote this whole thing thrice, moderator, your new format really suks ]
private island? what're you smoking?
And I never claimed everyone beggining a TC ends up in equity partnership, its the same thing as in India, the work hours are ghastly and will eat up your life, added to that the toxic culture etc. which has no difference there and here.
An first year equity partner at Kirkland makes 2.5 mill Dollars pre tax in 2021-2022 (you can check reddit, Above the Law threads) [It matches at the UK Office as well in pounds, u can check Kirklands website]
Its nearly 2 mil in other US Biglaw firms, and maybe 1-1.5 mill in UK Magic circle
Non equity is also a guaranteed fixed >500k in US biglaw at least as they make public their scales, it can be verified,
Wachtell is an exception, it starts at 400k and at year 6 will be at a mill even in non equity/ associateship because they have billable targets of about 3000 hours and more and have a unique method of billing clients i.e. contingency fees, something similar in Susan Godfrey but a bit lesser
But the super jump once you're selected (almost certain at most places, though not in this recession) to associateship is incomparable, also the partner pay in equity is in millions always in biglaw and magic circle
Also the learning outcomes in a TC and the work experience is very rich and nothing like in Indian Firms
Is it the same London office website? Is it much harder than magic circle? Is it worth it, given the world class pay? No need to talk about the work culture, but if some firm is exceptionally better do mention.
Also respected mod, I have no idea why you did not publish another comment of mine where I went into more details in the incident
Going to need to plan my internships in that manner
I did face an incident once regarding this, I mean I've lost all hopes of dating men altogether
Dear moderator, instead of expressing your L extreme political views on random threads and actually do your job of not turning LI into a Quora
And no law firms are totally not looking for talent. And as observed in the NLU v Non NLU discussion below, useless guys, that's not the issue, being from a tier 1 NLU. The truth is, these so proclaimed tier 1,2 firms only hire through CONTACTS, even newer firms like Saraf, Ive had several batchmates who in the opinion of most are totally lacking any semblance of talent or even interest in law, but land 2 tier 1s in their 2nd year. People openly discuss which partner/ SA "got them" an internship.
The HR at these firms are also involved totally. They reject all perusal applications by an automatic reply, even the forms and assessments in their website are pure sham. It's not just me, Ive had friends with excellent grades, best internships, and publications rejected just because "slots were filled" even 7 months prior to the asking date.
Even if they hire through placement cells, it's really few compared to the former pathway. It's so common to suck upto partners for contacts.
And you come and say you value merit? talent? Big words tier 1 partner.
Can you at least look at your counterparts in the US or UK, where managing partners don't hold onto 60 percent equity in their firms and from personal experience (got rejected, but saw friends), they do totally look at talent. I for once applied to a firm named above, for a time period 6 months later, and the rejection reason states that the slots are full?
If you do this stuff, atleast have the decency to acknowledge it.
[I wrote this whole thing thrice, moderator, your new format really suks ]
In M&A, Investment fund and insolvency?