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Reply to "Junior associate at Big Law -- help!"
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[quote=Anonymous][quote=Anonymous]The problem is that BigLaw partners (and I am including the women) lived through this type of indentured servitude and think that if they did it, everyone else should. It really IS a cult of martyrdom. And no, clients very rarely really NEED something overnight---but when you are charging first year associate time at over $500/hour you need to prove your value some way and law firms choose to do it by imposing bizarre deadlines on themselves. And if I am paying $900 for partner time, if I DO want it turned on a dime, then they better be able to do it.[/quote] I suspect this varies by practice area. I was a securities lawyer and when the markets were right for a deal clients wanted to launch ASAP so the deadlines were real even if they were grueling. I did a little M&A early in my career and it wasn't so much the tight timelines as the huge volume of work that needed to be completed to perform due diligence and draft the purchase agreement and all the other ancillary documents.[/quote]
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