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disjoe
Feb 18, 2011


ABANDON ALL HOPE YE WHO ENTER HERE

To prospective law students wanting to be a rootin tootin big law lawyerpants, read Yuns' schedule quoted in the fifth post. I SAY AGAIN: READ YUNS' SCHEDULE QUOTED IN THE FIFTH POST AND INTERNALIZE THAT poo poo BEFORE PROCEEDING

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disjoe
Feb 18, 2011


dont go to law school there are such easier ways to make money, get an MBA and you can even tell us what to do one day jesus christ

disjoe
Feb 18, 2011


Um excuse me I believe the correct plural form of walrus is walri

disjoe
Feb 18, 2011


Throatwarbler posted:

I mentioned this in the last thread, I'm still kind of interested in Singapore or Dubai. I recently spoke with an alumni who did international commercial arbitration in SG and HK and it sounds pretty good, the lack of tax for non-Americans and availability of affordable domestic help are big draws, and I'm fine with Shari'a. I like Dubai but education isn't one of its strong points and by the time I get there I will have school age children. Not so big on HK now for that reason, and TLS and friends who have been there say that the kind of work they do in HK is lovely and life-draining and there's no opportunity for personal development.

- Are there big opportunities for US-trained lawyers as opposed to UK?
- Do they pay $190 +CoL? That would go pretty far in Dubai at least although maybe not SG.
- What practice area should I start off with in the US? My firm has a pretty big and well-established PE/alternative entities/fund formation practice and that's what I'm thinking of, but corporate litigation is big too. I assumed that litigation wasn't really what they wanted outside the US but with the arbitration stuff, maybe?

Pro tip for working in Dubai: don’t go around asking people about their Jewish faith

disjoe
Feb 18, 2011


Adar posted:

The timeline isn't really adding up. Are schools even done with OCI yet? Callbacks definitely don't finish up for a month or more.

Unless his grades are genuinely awful, he should be busy mass mailing every single firm and maybe even multiple offices of the same firms. It's low percentage individually, but people do get callbacks from those if you send out enough of them.

Generally the T14 schools are moving their OCI’s earlier and earlier; some even into late July.

Not saying all callback offers have been sent out, however.

disjoe
Feb 18, 2011


https://twitter.com/TheOnion/status/1031586191626461185

drat, they're on to us.

disjoe
Feb 18, 2011


GET MONEY posted:

^^ yeah see fighting over clever carve outs, that’s the stuff that gets my engine revving

What if I told you MAE is not clever in any way and a lot of the time is misused to cover up poor drafting skills.

disjoe
Feb 18, 2011


evilweasel posted:

please i just redistribute money between large hedge funds depending on which one was smart enough to hire me, its basically victimless no matter who wins

Same but between large oil & gas companies and large banks, so basically the two most hated groups in America.

disjoe
Feb 18, 2011


We should just kill everyone, humanity can’t be trusted

disjoe
Feb 18, 2011


Nice piece of fish posted:

Bigly. Colloquially known as the ""dessert generation", they are the very numerous descendants of the war generation. Enjoying unprecedented wealth after oil and 80s inflation obliterating most debt as well as getting mostly free educations, they voted in right wing government after right wing government to reduce taxes, eliminate inheritance tax (for them, effectively), bloated housing prices to obscene levels, reducing their pension age while increasing ours and strangled young housebuyers by instituting capital requrements for housing loans locking a good portion of millennials out of the market. Now, they've even successfully sold our infinite water power to europe to extract more wealth from our loving natural resources.

Nowadays they are whining about immigrants and not having grandkids. Fuckers. While my generation is nowhere remotely as screwed here as in the US, the massive gulf in opportunities, starting wealth and political power is staggeringly huge. I just hope the inheritance tax doesn't come back until I've inherited, because the boomers croaking will for 90% of the country be the single largest relative transfer of wealth in our history.

God drat, it's like looking in a mirror. We need to bring the phrase "dessert generation" over here.

disjoe
Feb 18, 2011


Nice piece of fish posted:

I mean sure, but I was referring to like, I can put a few in an apartment in the city, probably ten or so in the summerhouse, eight at the most up at the cabin, so you're gonna have to be willing to have a rotation I think. Who likes crab fishing and northern lights? I posted about the summer house in my DIY thread:


So you're gonna have to learn to share.

Nice dog homie

disjoe
Feb 18, 2011


Vox Nihili posted:

Goddamn biglaw churn is insane. I've only been here a bit over a year since lateraling and half of the associates I've worked with have bailed. It seems like the hardest workers are the first to leave, too.

Yeah see this is why I try my hardest to coast.

As soon as you start to apply your brain and add substantive comments senior associates and mid levels start coming out of the woodwork to put you on deals.

Thread recommendation: the salaryman thread in GBS. Someone always has it worse.

disjoe
Feb 18, 2011



COMES NOW ON BEHALF OF ALL JEWS

disjoe
Feb 18, 2011


Alexeythegreat posted:

My money's on oil. If you have oil, you automatically get corruption and organized crime. Maybe it's not to the extent of Middle East/Eastern Europe/Latin America, because Norway, but still

See here in America we don’t have that problem because we just let the O&G corporations break peoples’ legs

disjoe
Feb 18, 2011


Phil Moscowitz posted:

I think Jar Jar has to initiate it.

Ah but if you knew your lore *loud snorting* you would know that it is Natalie Portman who moves for a vote of no confidence.

disjoe
Feb 18, 2011


Phil Moscowitz posted:

Solo was an enjoyable flick. I liked how Lando mispronounced his name on purpose to explain that part of Empire. Seemed odd to have Roy Munson as a grizzled bounty hunter though.

Yeah it was fine. I probably liked Rogue One better but I’m the only person in my circle of friends who preferred Last Jedi to Force Awakens so I’m not exactly a bellwether.

disjoe
Feb 18, 2011


Vox Nihili posted:

Last Jedi was a cheesy laugh-out-loud movie for the whole family. My favorite part was when effectively all of the good guys were brutally killed after the many zany plans fell through. My other favorite part was the opening scene featuring the use of clunky, WW2 style gravity bomb munitions in space.

Yes it was incredible

Like, just to be clear I have no defense of the movie and am in no way interested in defending it because I know it’s mostly schlock. I just really love the schlock.

disjoe fucked around with this message at 23:28 on Oct 22, 2018

disjoe
Feb 18, 2011



We have recurring Gilbert & Sullivan chat and you’re just now coming to this realization

disjoe
Feb 18, 2011


mastershakeman posted:

How do you have laws in a universe that doesn't have books

What the gently caress are you talking about of course they had books you nitwit they had just mostly moved them over to loving holocrons and poo poo, you moron

efb

disjoe
Feb 18, 2011


I’m drowning in bank internal compliance checklists (Yuns probably did those a decade ago or whatever) and I’m like two weeks behind on my time. Not like I post here very often anyway.

On the bright side, beautiful day outside. I can see it if I get right up against the window in my office and look to the side because otherwise it’s just a view of a building. Go to law school.

disjoe
Feb 18, 2011



IT ONLY GETS WORSE THE LONGER YOU PUT IT OFF HEED MY WORDS NEW ASSOCIATES

disjoe
Feb 18, 2011


Yuns posted:

I can't stay away when someone mentions bank compliance and regulatory.

We had a borrower fail KYC recently. I’ve never seen that before. Obviously the transaction immediately came to a halt but I don’t know what happened next.

disjoe
Feb 18, 2011


Hot Dog Day #91 posted:

You all live a miserable existence.

Yuuup

Look I’m just here to pay off my loans/save some money and learn poo poo for when I inevitably burn out and go in house. Life becomes a lot easier when you plan to not become partner.

e: I lied life is in no way easier. Caught up on my hours and I billed roughly 230 last month, which includes a few days of "vacation". Go to law school.

disjoe fucked around with this message at 19:02 on Nov 5, 2018

disjoe
Feb 18, 2011


I would like to think that article would cause some amount of introspection and change in biglaw but I’m not stupid.

disjoe
Feb 18, 2011


Sushi is a sandwich, which is also a burrito, which is also a fruit, all food is the exact same as all other food, gently caress it nothing matters, there is zero difference between all things, you imbeciles, you loving morons, and we’re all going to die cold and alone (except for those of you in California, who will die hot and alone)

disjoe
Feb 18, 2011


Just lol if you wear ties period

I imagine it’s required for all you court-appearance-havers tho

disjoe
Feb 18, 2011


Whitlam posted:

Relevant Australian conduct rules and ethical code, for those who are curious.

Here's another interesting hypothetical. When you're making your disclosures to be admitted, they now want you, in addition to disclosing criminal and academic history, to disclose mental health information. So if you've ever been diagnosed with anxiety or depression, for example, they want you to disclose.

Unlike the other matters, my understanding is they can't actually punish you for not disclosing, they just really really like you to. Would you disclose?

lol no gently caress them

disjoe
Feb 18, 2011


Hot Dog Day #91 posted:

Well I hosed up my pleadings under the local rules but the automatic stay was lifted so I can destroy grandmas home.

It’s a Christmas miracle

disjoe
Feb 18, 2011


Phil Moscowitz posted:

I assume this is a reference but actually I guess this is just the state ODC referring those charges to the disciplinary board.


https://twitter.com/associatesmind/status/1075029519977902080

Should've followed up with "govern yourself accordingly" imo

disjoe fucked around with this message at 19:18 on Dec 18, 2018

disjoe
Feb 18, 2011


DuWay posted:

Yeah this is true, but what if you're a biglaw associate and you're too junior (2nd year) to really look at any in-house positions for probably at least 1-1.5 more years?

(Thread lurker of 10? years and obviously another success story).

I have a friend who went in-house a few months ago and she’s class of 2016. She just told the partners that she was done and they set her up with a nice in house job.

Not saying she’s the typical case but it’s always possible

disjoe
Feb 18, 2011


Ani posted:

I think this is all really overstated.

Some people really hate biglaw, and if you're one of them, you should obviously quit. Also, you have to work a lot, and if you want to work 9-5, you should also quit. But it's not really worse than any other comparable jobs that you would have got if you went to business school instead of law school. Management consultants and investment bankers work about as much, travel more, and have (relatively) a lot more pressure at an earlier stage to bring in revenue. Corporate executives work a lot, have a lot more pressure or responsibility than any corporate lawyer, and have a job that's much more at risk to factors outside their control (and also make less than you think). Large private equity firms pay better than anyone else, but it's an order of magnitude harder to get jobs there, and they have extremely high turnover so almost no one gets to the big bucks. The only job that seems like it could be categorically better would be something like being a senior programmer at Google, or an investment professional at a successful hedge fund, but those jobs are also much harder to get than biglaw, and also everyone I know who does them works as hard as a biglawyer.

If you compare to most jobs, biglaw actually looks pretty good:
  • you get your own office, plus an admin assistant.
  • flexible hours (no one cares when you arrive or leave), basically unlimited ability to work from home.
  • no meetings or other BS - basically all your time is spent doing your core job.
  • pay is pretty good and mostly non-discretionary - compared to a banker, you'd have a much easier time buying a house.
  • pretty good job security compared to most jobs - if you do a minimally competent job you're unlikely to get fired before you are up for partner.
  • clients (at least in transactional) value your work and generally pay your bills (almost) in full and (almost) on time. When I did management consulting, half the battle was getting your client to admit that you had done anything at all for them, let alone that what you did was worth what you charged for it.

Also, if you hate your biglaw job, think about why you hate it. If it's the hours or the content of the work, you may need to quit, but otherwise consider lateraling or changing practice areas. There are many firms that don't have horrible screaming partners or facetime requirements, and there are a lot of practice areas that have relatively easier hours and very few sudden emergencies.

You know you've got a great argument when you're comparing work/life to being an i-banker.

But I generally agree with this except the work from home thing doesn't really kick in until you're late midlevel or early senior associate. And even then you should probably show up to the office if you want to make partner.

As for the moral part of it, yes my job is absolutely to the detriment of society. No I do not care about it very much because society sucks. Plus this career moved me from a miserable existence in podunk to a comfortable life in a big city.

Ani posted:

This certainly seems a bit overstated. What makes biglaw particularly worse than just about any job in the private sector? All jobs with large companies (which comprise the majority of jobs) serve corporate/capital interests but I don't know why that means they are necessarily acting to the detriment of regular people.

I'm on your side but I think the perception is office drones in large companies are cogs in the machine trying to get by, whereas attorneys are comparatively independent professionals that can redirect their career trajectory towards less desirable jobs that serve their communities.

But what do I know, I'm just smart enough to have a biglaw job but just dumb enough to stick with it.

e: oh hey I work in banking & finance too. I feel like there's overrepresentation in that area among biglawyers here.

disjoe fucked around with this message at 22:57 on Jan 9, 2019

disjoe
Feb 18, 2011


Vox Nihili posted:

Hell, I'd prefer not to work at all.

There are people at my firm who have inherited gross wealth (like literally descended from old world aristocracy) and all I can think is: why the gently caress are you doing this?

They probably feel guilty about it and work hard to compensate, but I'd much rather start a business or philanthropy or some other dumb poo poo than work in loving biglaw.

disjoe
Feb 18, 2011


Look Sir Droids posted:

Yeah, no top tier law school grads who are willing to do the work of two $100,000 employees are going to want to take a pay cut. And you remove the possibility of being a high earner right out of law school from the table, so you get less competitive people in law school. All of that sounds sane to a normal person, but not to alpha dog law firms.

Also you wouldn't just split the big law salary in half because the cost to the firm is way more than that. That's health insurance and benefits for two employees instead of one. To make it cost effective, you'd pay two people $75-80k instead of one person $180k.

From the associate’s perspective student loans are also an issue. The price of a top-tier law school is calibrated to associate salaries at top-tier law firms.

If you’ve got $200k or whatever in student loan debt, you’d want the possibility of PSLF or something in exchange for such a dramatic pay cut.

also

Pook Good Mook posted:

I'm pissing into the wind on this, but has there ever been any sort of honest conversation at large law firms that paying two associates $100,000 each for the work you're paying one person $180,000 for and halving the workload will likely produce better work product and keep associates longer?

It would probably never happen. Partners are cheap and greedy but more importantly type A dipshits will howl about "my prestige" and won't take the jobs.

Associate burnout is the crux of the entire business model. If you had associates stay for longer you'd either have to make more partners, in which case the existing partners have fewer equity shares, or you'd have to make a whole lot of associates counsel or non-equity partner, in which case you've got a bunch of people commanding high salaries but no one bringing in new business.

disjoe fucked around with this message at 19:20 on Jan 16, 2019

disjoe
Feb 18, 2011


I’m 100% sure I’ll be up against the wall once the revolution comes but until then :homebrew:

disjoe
Feb 18, 2011


Drafting collateral documents with a head cold on a beautiful Saturday morning.

e: gently caress it’s afternoon already

disjoe fucked around with this message at 20:01 on Jan 26, 2019

disjoe
Feb 18, 2011



I like how the guy put together an entire fake email chain to forward to the partner.

Never trust real estate specialists.

disjoe
Feb 18, 2011


Justice
BREYER
“Who?”

disjoe
Feb 18, 2011


I feel like to be a successful and happy corporate biglawyer you have to be just smart enough to be good at your job but not smart enough to internalize there are more fulfilling alternatives out there and what you do is pointless.

Idk. I’m a junior corporate biglawyer and I like my job well enough but I wish I had more time to play video games.

Yuns posted:

There is a legal questions thread. But bank have very specific record retention rules. Various data has 5 and 7 year retention requirements (there are other time durations but 5 and 7 apply to a majority of types of records) Typically transaction information is kept at least 5 years and account information relating to the holder is kept at least 5 years after the account is closed.

And yet somehow a bank is able to lose their original promissory note for the same transaction three loving times in a row and I have to stay up late over a lost note affidavit

disjoe fucked around with this message at 05:05 on Mar 2, 2019

disjoe
Feb 18, 2011


Meatbag Esq. posted:

I feel like if you're in house and don't have enough time to play as many video games as you want you're doing something wrong not counting infinite time sinks like mmo's... that said I've been coasting in an IP department that doesn't really require me to give my all.

Oh for sure, that’s probably living the dream. My friends have been going in house to the same huge megacorp and they get every other Friday off.

Not to mention the psychological value of knowing that when you’re off work, you’re completely off.

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disjoe
Feb 18, 2011


Lote posted:

Question for the Federal peeps. How hosed is Stone?

https://twitter.com/zoetillman/status/1102682611862908928

PS. Did we say pending release? We mean to say the print version is upcoming. It’s already out online.

Edit: I'm sure this is coincidental but the title to the book is "Who Framed Roger Stone?" The answer to "Who Framed Roger Rabbit?" is the Judge.

relase

(together with the )

Best loving attorneys

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