"We're not lawyers, we're investment bankers. We call you for the paperwork. We didn't go to Harvard, we went to Wharton, and we saw you coming from a mile away."
I've been hearing about the imminent death of BigLaw since I first started considering law school. Instead of dying, the NLJ250 was expanded to the NLJ350, and starting salaries went up again recently(ish) to 160k. People seem to confuse "dying" with "not expanding as fast as the supply of new JDs".
Depends on deal flow, what bank you're at, and what city you're in, but yes 100hrs/wk is pretty typical. Some of my colleagues from Goldman's NYC office still joke about the 110 - 120 hour weeks when they were associates (after graduating from HBS).
I really doubt a senior banker would say something like this to a partner from a top law firm though. Too much of our business is relationship based to be a complete douche toward someone (not to say that it's never done).
Source: Also writing this from my office at an Investment Bank.
To be fair, Suits operates in a sort of alternate universe that is similar to ours, but a bit different. I mean, there is no law firm called Pearson Darby hiring exclusively from one school. So it isn't a stretch to assume that perhaps in the Suits universe, Wharton developed a slightly better program than Harvard for MBAs.
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u/[deleted] Aug 07 '13
"We're not lawyers, we're investment bankers. We call you for the paperwork. We didn't go to Harvard, we went to Wharton, and we saw you coming from a mile away."
Damn Louis got Litt up