what is biglaw

9 months ago 29
Nature

BigLaw, short for "big law," refers to the largest and most prestigious law firms in the United States. These firms are typically headquartered in major U.S. cities such as New York, San Francisco, Chicago, or Los Angeles, and they are known for offering comprehensive legal services in corporate law practice areas, catering to large corporations, investment vehicles, family offices, and wealthy individuals. Working in BigLaw can be demanding, with long hours and high billable hour quotas, but it also offers high compensation and opportunities for networking and mentorship. BigLaw firms tend to pay the market rate for attorneys, with starting salaries often exceeding $200,000. However, the competitive environment and demanding nature of the work may not be suitable for everyone, and stress management and self-care are essential for those working in this field