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Old 17-12-2018, 10:41 AM
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Originally Posted by Unregistered View Post
Wachtell (the whitest of the white shoe law firms) has a PEP of >USD5 million with lockstep compensation. They literally make you an overnight millionaire the moment you make partner.

Same with Cravath, Slaughter and May and pretty much any top firm that pays lockstep.
Wachtell is like literally the no.1 firm though... and no other firm besides them pays the kinds of salaries they do.

Think about it, every year Harvard alone takes in 600+ law students, and there are so many other competitive schools... of which only 28 of them or so will get a summer associate position in Wachtell. You might have a better chance hoping to strike it rich opening a siam diu hoping to make bank, than hoping to beat out the competition at elite US law schools for a place in Wachtell. After which you'd still have to beat your classmates in Wachtell to get that coveted partnership.
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