Layoff day at work...
-
Manhattan Buckeye
I worked at large law firms for 10 years. Eventually you get pushed out, unless you have an incredibly large book of business. It is a sales job. The average NYC BIGLAW associate lasts fewer than 5 years, I made it to 7 and even worked non-equity partner regionally. The economy simply blows.ZWICK 4 PREZ;1654610 wrote:You cant find a job at a firm? -
Automatik
Columbus? Although I don't have anything to back it up with.Manhattan Buckeye;1654550 wrote:That appears to be the only metropolitan area that has grown in the last 5 years or so. -
ZWICK 4 PREZ
My brother-in-law has worked at Willkie Farr for 28 years and recently told me they've been hiring a ton with the economy upswing.Manhattan Buckeye;1654611 wrote:I worked at large law firms for 10 years. Eventually you get pushed out, unless you have an incredibly large book of business. It is a sales job. The average NYC BIGLAW associate lasts fewer than 5 years, I made it to 7 and even worked non-equity partner regionally. The economy simply blows. -
Manhattan Buckeye
I didn't work much with Wilkie, they hired two guys from school. I really doubt they are hiring tons of associates, contract lawyers, maybe.ZWICK 4 PREZ;1654613 wrote:My brother-in-law has worked at Willkie Farr for 28 years and recently told me they've been hiring a ton with the economy upswing. -
friendfromlowry
What does any of this have to do with the topic at hand?? I don't think you've said one relevant thing so far.Belly35;1654587 wrote:If you consider yourself as a nobody that is your problem and you have to get over the fact that you think of yourself in that manner. I dont care who you are, you are no better that me ... we are equal
If you can meet the standards then you will fall behind .... that just the way life is... reality
To many people walk around with the I can't do, I can't make a difference, I' not good at this or that ... they are defeated before trying.. and that is a sad state of mind many people today have...
Further more, has anyone ever thought less of you immediately because of your spelling/grammar? Usually you're the one bragging about your accomplishments and trying to throw it in people's faces, with leads to your typing being made fun of. -
Lovejoy1984
TWCvball10set;1654470 wrote:Which one you with now?
-
justincredible
Just found out that one of the layoffs was a tech director that happened to be the CEO's brother. Ouch. -
Sonofanump
Thanksgiving should be fun for them this year.justincredible;1654674 wrote:Just found out that one of the layoffs was a tech director that happened to be the CEO's brother. Ouch. -
HelloAgainIt's hilarious knowing who Belly actually is vs. who he pretends to be on this board. I can't decide if the guy is using this place as an escape, or as a place to troll/entertain himself.
-
Manhattan BuckeyeBelly is likely ex-military, no reason to make assumptions. I don't agree with him on many posts, but not going to get that upset with him.
-
HelloAgain
They're not assumptions...Manhattan Buckeye;1654701 wrote:Belly is likely ex-military, no reason to make assumptions. I don't agree with him on many posts, but not going to get that upset with him. -
raiderbuck
I can't speak for NY, but I have a few friends that are attorneys in the Chicago area and it's the same deal. No jobs, or if they find one they're basically contract workers.Manhattan Buckeye;1654611 wrote:I worked at large law firms for 10 years. Eventually you get pushed out, unless you have an incredibly large book of business. It is a sales job. The average NYC BIGLAW associate lasts fewer than 5 years, I made it to 7 and even worked non-equity partner regionally. The economy simply blows.
I look at like like this. There's a minimum of six law schools within 1.5 hours of the Chicago area: University of Chicago, Northwestern, Loyola, John Marshall, DePaul, and Kent. You can even include Marquette in Milwaukee in that group. It's too saturated, and big firms are only going after the top 5-10% of these students anyway. -
justincredible
I have been busy as hell at work for the last 4 or 5 months, billing 40+ hours almost weekly. Now, we lay off 12 people and I am struggling to find anything billable to work on (only 5 hours the last two days). I suppose it's lucky that I was so busy leading up to the layoffs, our developer that did get laid off hadn't had much billable work for a while.
-
Manhattan Buckeye
For a city the size of Chicago, it has a terrible legal market. I'm guessing half of my class went to DC or NYC. And for some reason Richmond has a great market with Hunton and McGuire - one of our closest friends is still non-equity partner at the latter. I'm not sure he's ever going to be full equity. At my old gig there was a $50,000 buy-in to get equity - no thanks on that one.raiderbuck;1654774 wrote:I can't speak for NY, but I have a few friends that are attorneys in the Chicago area and it's the same deal. No jobs, or if they find one they're basically contract workers.
I look at like like this. There's a minimum of six law schools within 1.5 hours of the Chicago area: University of Chicago, Northwestern, Loyola, John Marshall, DePaul, and Kent. You can even include Marquette in Milwaukee in that group. It's too saturated, and big firms are only going after the top 5-10% of these students anyway. -
ZWICK 4 PREZ
I should mention hes in DC, not NYC.Manhattan Buckeye;1654633 wrote:I didn't work much with Wilkie, they hired two guys from school. I really doubt they are hiring tons of associates, contract lawyers, maybe. -
Belly35
My daughter who works for Architectural Firm in Chicago (big firm with five location) has no work. Two months ago they where swamped now nothing. She in a good position and has been sent to LA for a billion dollar project. She will mostly be offered a transfer to LA. The Chicago branch has lay off 10 people and the Detroit operation another 15.. only LA, TX and AZ are holding people
In my businesses I’ve been seeing the trend of another round of economic recession for the passed six months. ….
For me I said this before, "I'm closing my doors" but this time I think it will happen for sure. -
Commander of Awesome
Should move to the Bay Area. Have Tech companies hounding you for jobs.justincredible;1654777 wrote:I have been busy as hell at work for the last 4 or 5 months, billing 40+ hours almost weekly. Now, we lay off 12 people and I am struggling to find anything billable to work on (only 5 hours the last two days). I suppose it's lucky that I was so busy leading up to the layoffs, our developer that did get laid off hadn't had much billable work for a while.
Getting out of Ohio was best thing I could have done for myself and my career. -
fan_from_texas
Based on the way firms are discounting and begging for work, I agree. We posted an entry level corporate position and had hundreds of resumes in the first week, including some from big firm partners. It's just brutal out there right now.Manhattan Buckeye;1654633 wrote:I didn't work much with Wilkie, they hired two guys from school. I really doubt they are hiring tons of associates, contract lawyers, maybe. -
O-Trap
-
gut
The world 5-10 years from now that I'm envisioning is a brutal or harsh opportunity rotation. It's no longer enough to have a robust or flexible skillset - you have to focus your networking on the emerging areas (sort of like picking the right wave in surfing). In other words, it used to be "that guy is awesome" but now you have to be awesome AND in the right place at the right time.fan_from_texas;1655103 wrote: It's just brutal out there right now.
Several of us have discussed this before....the trend is toward 1099 and "on-demand" employees. That can be very lucrative, IF IF IF you're good on biz development to minimize your downtime.
What I'm seeing is middle management is being wiped out and it's going to be a real challenge to bridge the gap between staff/lower management and executive leadership.
Very different world these days. I'm not sure even people in their 40's and 50's can provide the necessary career advice because it's changed that much. Myself I think about my resume in a matrix format - which is functional experience across industries. -
j_crazy
My ceo makes like 1.4MM. Not incredibly out of whack. His minimum bonus is 3.5 MM which is out of whack. Last year his bonus was 21MM which is fucking laughable. Not to mention his stock bonuses which are incredibly egregious, and his stock options which i dont even know an amount.Manhattan Buckeye;1654372 wrote:The CEO of my wife's company has a $225K base. That isn't excessive by any means. Now he can make a multiple on bonus and stock options, but even then it isn't like all of us are rich. Stop listening to Michael Moore.