Focused on private capital, Schulte sure knows an investment when it sees one.
Schulte Lateral Profile 2024
The fun(ds work) is never-ending at Schulte Roth & Zabel (pronounced Schult-ee). Focused on private capital, it’s a New Yorker that knows a thing or two about private equity, hedge funds, and everything investment related.Associates told us that they were drawn to Schulte at least in part by its focus on private capital because it means that “the whole firm feels in-sync with the way that it supports each other’s work and feels like it works as one unit as opposed to a selection of groups.” Ultimately, “if you’re looking for private funds or financial service work, there isn’t a better place in terms of the quality of the work you’ll be doing, and the quality of the people you’re with,” an associate gushed.
View the firm’s Chambers USA rankings
Read the firm’s Inside View feature on junior associate life
Why did you join your firm? Associates say…
“How kind and normal and down to earth everyone was. No gunner or competitive vibes at all.”
“Everyone seemed to be highly intelligent but also very sociable which seemed great!”
“They're very flexible and accepting, so more eccentric people with actual personalities are able to thrive there, which I believe is why they are often described as "quirky" compared to other Big Law firms.”
Career Development & the Path to Partnership
|
6 |
2.04 : 1 |
47% |
||
|
partners made in 2023 |
associate : partner gearing |
of associates intend to make partner |
||
|
72% |
32% |
88% |
||
| felt partnership was achievable for attorneys with children | felt partnership was achievable at the firm | agreed partners are nurturing future leaders |
||
The view from the firm: At Schulte, it is our mission to support you in the upward growth of your professional career. Here, you’ll have access to scores of training programs at introductory and advanced levels on a multitude of topics including legal skills, business-related matters and leadership development. Because we prioritize maintaining good legal standing, many of these programs qualify for CLE credit. In addition to training, The Schulte Mentor Network will be your own personalized network of counselors to help you navigate the legal industry. You may have more than one career goal, which is why you'll need more than one mentor. Because training, mentorship and career development are our top priorities, we also dedicate time and effort into curating the most effective, constructive and unbiased feedback processes. Our attorneys are trained in best feedback practices so that giving and receiving formal and informal feedback results in constant and lasting professional growth.
Hours & Compensation
|
2,000 |
8.6 |
47.7 |
|
billable hours |
average number of vacation days associates took in one year |
average number of hours associates worked in one week |
|
63% |
74% |
80% |
| agreed they had a good work-life balance |
said the benefits package makes the workload worthwhile |
found the bonus allocation fair and transparent |
Salaries
1st year: $225,000
2nd year: $235,000
3rd year: $260,000
4th year: $310,000
5th year: $365,000
6th year: $390,000
7th year: $420,000
8th year: $435,000
Is Schulte the right firm for you?
|
92% |
91% |
88% |
|
were happy in their current role |
agreed the work is interesting |
felt comfortable being themselves at work |
The view from the firm: Schulte routinely recruits experienced lawyers who are attracted to our private capital focus, entrepreneurial mindset and collaborative work environment. As a lateral hire, you’ll be given the resources and support you need to quickly join the Schulte culture. At Schulte, you’ll go even further, helping world-class clients execute innovative deals and develop creative solutions to complex challenges.
Here's what survey respondents had to say about the firm's culture...
“I can’t believe how social everyone is. People really like to talk to each other and hang out. In fact, at least some portion of my day is spent at a practice group lunch, lunch and learn, midday snack break, etc. There’s always an excuse to get to know people!”
“It is a tight knit culture for a BigLaw firm, and everyone from junior associates to senior partners are always willing to help and offer advice/explanations.”
“There’s more of a laidback attitude, not as much ego, politics and prestige-seeking as other large law firms.”
Diversity, Inclusion & Wellbeing
|
65% |
23% |
29% |
||
|
reported diverse staffing on teams/cases/matters |
of partners are women |
of associates identify as ethnically diverse |
||
Pro Bono
|
66 |
92% |
|
average pro bono |
agreed the firm is committed to pro bono |
Pro bono highlights: Southern Poverty Law Center/Lawyers’ Committee for Civil Rights Under Law (LCCRUL) (voting rights); LCCRUL/ACLU (freedom of speech/racial & gender justice); Survivors of the 1921 Tulsa Race Massacre/Justice for Greenwood (racial justice); Experience Justice at The Urban Justice Center (Supreme Court Judicial Rules of Ethics); Pregnancy Justice (reproductive rights).
Contact
Recruitment contact: Meredith Fischler, Legal Recruiting Manager; Meredith.Fischler@srz.com