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Texas PPPs: Top Two Firms

Vinson on post-Enron growth track as Texas duo unveil 2005 r...
nighttime plum organic girlfriend step-uncle's house
  02/25/06
Dumb question: What is the relationship between PPP and take...
Mischievous Frum Orchestra Pit Giraffe
  02/25/06
PPP = Profits per Partner. That is their gross share.
nighttime plum organic girlfriend step-uncle's house
  02/25/06
not always...sometimes they have to put some equity back int...
dashing hominid gaming laptop
  02/25/06
That was what I was getting at. How much of the PPP does a ...
Mischievous Frum Orchestra Pit Giraffe
  02/25/06
I am sure it varies by firm, but I have no idea if we are ta...
dashing hominid gaming laptop
  02/25/06
First Year Associate Pay: $110,000.
nighttime plum organic girlfriend step-uncle's house
  02/25/06
That is a lot of money in Texas though. Plenty to have dual ...
Multi-colored snowy gunner
  02/25/06
anything over $300k/year in Texas is very wealthy.
nighttime plum organic girlfriend step-uncle's house
  02/25/06
You can get a nicer house in Texas for $200-300K than you ca...
Multi-colored snowy gunner
  02/25/06
Not likely to be the case come fall.
Overrated Liquid Oxygen Patrolman
  02/25/06
god i hope not.
nighttime plum organic girlfriend step-uncle's house
  02/25/06
I've talked to several lawyers and they seem sure of it.
Overrated Liquid Oxygen Patrolman
  02/25/06
associates or partners?
nighttime plum organic girlfriend step-uncle's house
  02/25/06
up to senior associates. I was too big a pussy to ask from ...
Overrated Liquid Oxygen Patrolman
  02/25/06
i'm currently set on going to two BigTex firms this summer. ...
nighttime plum organic girlfriend step-uncle's house
  02/25/06
*THIS* is why the agreement won't hold. That said BigTex pa...
Overrated Liquid Oxygen Patrolman
  02/25/06
This isn't true for V&E, BB, and F&J. It can't be.
nighttime plum organic girlfriend step-uncle's house
  02/25/06
More or less, yes. Maybe 1.2-1.5:1 is more accurate.
Overrated Liquid Oxygen Patrolman
  02/25/06
i guess i'll just have to take your word for it.
nighttime plum organic girlfriend step-uncle's house
  02/25/06
or NALP's.
Overrated Liquid Oxygen Patrolman
  02/25/06
How about this: BB, Austin 18 partners, 28 associates D...
Mischievous Frum Orchestra Pit Giraffe
  02/25/06
doesn't sound too bad.
nighttime plum organic girlfriend step-uncle's house
  02/25/06
Right. The Houston offices (which is all I was looking at) ...
Overrated Liquid Oxygen Patrolman
  02/25/06
sounds like i'm making close to $1 million in 15-20 years! ...
nighttime plum organic girlfriend step-uncle's house
  02/25/06
I'm not trying to prove you wrong, I'm just posting the numb...
Mischievous Frum Orchestra Pit Giraffe
  02/25/06
Vinson & Elkins Houston 162 Partners, 158 Associates (s...
Mischievous Frum Orchestra Pit Giraffe
  02/25/06
Before August I plan to compile statistics on every Texas fi...
Overrated Liquid Oxygen Patrolman
  02/25/06
i look forward to that.
nighttime plum organic girlfriend step-uncle's house
  02/25/06
Yeah. Have you seen the Texas biglaw first year associate n...
Mischievous Frum Orchestra Pit Giraffe
  02/25/06
I don't go to UT, but I'd still be interested in hearing wha...
Overrated Liquid Oxygen Patrolman
  02/25/06
Ah. Well, they've got a breakdown of first year associates ...
Mischievous Frum Orchestra Pit Giraffe
  02/25/06
How many UT 1Ls got Biglaw/bigtex jobs?
Overrated Liquid Oxygen Patrolman
  02/25/06
Last year, something right around 150 out of 440 got BigTex....
Mischievous Frum Orchestra Pit Giraffe
  02/25/06
for 1L summer? Nice.
Overrated Liquid Oxygen Patrolman
  02/25/06
Oh, i misread. I was talking about 1st year placement, not ...
Mischievous Frum Orchestra Pit Giraffe
  02/25/06
Ok. I was amazed.
Overrated Liquid Oxygen Patrolman
  02/25/06
Texas firms love UT kids, but not that much. Based on my sm...
Mischievous Frum Orchestra Pit Giraffe
  02/25/06
that's still a good amount. at CLS only about 1/3 get fir...
nighttime plum organic girlfriend step-uncle's house
  02/25/06
Eh. One of the running jokes is that every black 1L has spl...
Mischievous Frum Orchestra Pit Giraffe
  02/25/06
that seemed to be the case here as well. connections are nic...
nighttime plum organic girlfriend step-uncle's house
  02/25/06
Yeah, definitely. I'm not resentful about it; I'm just piss...
Mischievous Frum Orchestra Pit Giraffe
  02/25/06
oh. are you currently at the library?
nighttime plum organic girlfriend step-uncle's house
  02/25/06
Nope
Mischievous Frum Orchestra Pit Giraffe
  02/25/06
Well let me know when you post that info.
Overrated Liquid Oxygen Patrolman
  02/25/06
that's better than i thought. perhaps connections play a ...
nighttime plum organic girlfriend step-uncle's house
  02/25/06
can you take a digital picture of it, post it on the web, an...
nighttime plum organic girlfriend step-uncle's house
  02/25/06
Yeah, no problem. The numbers are focused on UT, but, could...
Mischievous Frum Orchestra Pit Giraffe
  02/25/06
wow, i didn't think you'd actually do it. THANKS! maybe w...
nighttime plum organic girlfriend step-uncle's house
  02/25/06
you have a 1L gig lined up?
nighttime plum organic girlfriend step-uncle's house
  02/25/06
1 offer at a small austin firm, but they're not paying anyth...
Mischievous Frum Orchestra Pit Giraffe
  02/25/06
good luck champ! any notables?
nighttime plum organic girlfriend step-uncle's house
  02/25/06
2 V50. I'm pretty underwhelmed. All 4 firms were looking t...
Mischievous Frum Orchestra Pit Giraffe
  02/25/06
that sucks. hopefully you'll have better luck. ever though a...
nighttime plum organic girlfriend step-uncle's house
  02/25/06
Are Texas firms going to be raising salaries soon? $110 in ...
Mischievous Frum Orchestra Pit Giraffe
  02/25/06
but it's not better than $135k in Texas (National firms with...
nighttime plum organic girlfriend step-uncle's house
  02/25/06
Exactly.
Overrated Liquid Oxygen Patrolman
  02/25/06
I would imagine somewhere along the times of where NYC firms...
Overrated Liquid Oxygen Patrolman
  02/25/06
How many of these partners are with their first wife? Is ma...
Mischievous Frum Orchestra Pit Giraffe
  02/25/06
with their first wife? no idea. less than half, i presume.
nighttime plum organic girlfriend step-uncle's house
  02/25/06


Poast new message in this thread



Reply

Date: February 25th, 2006 3:13 PM
Author: nighttime plum organic girlfriend step-uncle's house

Vinson on post-Enron growth track as Texas duo unveil 2005 results Print This Item Email This Item

By James Illman

Texas giants Vinson & Elkins and Baker Botts have posted end-of-year figures for 2005, with Vinson breaking the one million dollar mark for partner profits.

Vinson’s average partner profits reached $1.07m (£613,000), a 20% jump from 2004’s average of $895,000 (£513,000). The Houston-based firm also posted gross revenue of $510m (£292m) — a 12% increase from 2004.

Baker Botts, meanwhile, saw profits and fee income increase 4% with partner profits up to $905,000 (£519,000) and fee income hitting $435m (£249m). The results represent a slowdown for the firm, which last year saw a 7% rise in turnover.

In contrast, the expansionary performance from Vinson will be seen as important to the top 50 US firm, which is regarded to have suffered in recent years from the 2001 collapse of one of its largest clients, the disgraced energy giant Enron.

Among its 2005 highlights, in April, Vinson sealed the launch of a practice in Shanghai, its third office in Asia.

Author: James Illman

Source: Legal Week

Start Date: 23/02/2006

End Date: 28/02/2006

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5182962)



Reply

Date: February 25th, 2006 3:38 PM
Author: Mischievous Frum Orchestra Pit Giraffe

Dumb question: What is the relationship between PPP and take-home salary for partners?

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5183328)



Reply

Date: February 25th, 2006 3:55 PM
Author: nighttime plum organic girlfriend step-uncle's house

PPP = Profits per Partner. That is their gross share.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5183457)



Reply

Date: February 25th, 2006 4:53 PM
Author: dashing hominid gaming laptop

not always...sometimes they have to put some equity back into the partnership

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184090)



Reply

Date: February 25th, 2006 5:03 PM
Author: Mischievous Frum Orchestra Pit Giraffe

That was what I was getting at. How much of the PPP does a partner actually take home? It seems some PPP would have to be reinvested into the firm, or would have to service debt, or whatever.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184198)



Reply

Date: February 25th, 2006 5:05 PM
Author: dashing hominid gaming laptop

I am sure it varies by firm, but I have no idea if we are talking about 2% or 20%.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184219)



Reply

Date: February 25th, 2006 3:16 PM
Author: nighttime plum organic girlfriend step-uncle's house

First Year Associate Pay: $110,000.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5183009)



Reply

Date: February 25th, 2006 3:20 PM
Author: Multi-colored snowy gunner

That is a lot of money in Texas though. Plenty to have dual SUVs, a McMansion, and a trophy wife.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5183095)



Reply

Date: February 25th, 2006 3:21 PM
Author: nighttime plum organic girlfriend step-uncle's house

anything over $300k/year in Texas is very wealthy.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5183106)



Reply

Date: February 25th, 2006 3:52 PM
Author: Multi-colored snowy gunner

You can get a nicer house in Texas for $200-300K than you can get in a high COL area for several million.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5183437)



Reply

Date: February 25th, 2006 4:27 PM
Author: Overrated Liquid Oxygen Patrolman

Not likely to be the case come fall.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5183797)



Reply

Date: February 25th, 2006 4:27 PM
Author: nighttime plum organic girlfriend step-uncle's house

god i hope not.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5183802)



Reply

Date: February 25th, 2006 4:28 PM
Author: Overrated Liquid Oxygen Patrolman

I've talked to several lawyers and they seem sure of it.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5183815)



Reply

Date: February 25th, 2006 4:31 PM
Author: nighttime plum organic girlfriend step-uncle's house

associates or partners?

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5183855)



Reply

Date: February 25th, 2006 4:32 PM
Author: Overrated Liquid Oxygen Patrolman

up to senior associates. I was too big a pussy to ask from partners. Its obvious that the big 3 are in agreement not to raise, but that will fall apart come recruitment time just like it did last time.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5183874)



Reply

Date: February 25th, 2006 4:35 PM
Author: nighttime plum organic girlfriend step-uncle's house

i'm currently set on going to two BigTex firms this summer. Unless they raise by summer's end, i'm interviewing with the national offices for my permanent gig.

we're going to work the same hours (pretty much) and our chances at making partner can't be that much better, so why not?

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5183927)



Reply

Date: February 25th, 2006 4:39 PM
Author: Overrated Liquid Oxygen Patrolman

*THIS* is why the agreement won't hold. That said BigTex parntership chances are still considerably better than carpetbaggers. Every bigtex is still leveraged at 1:1 and will be for the long run. Carpetbaggers are at 3:1 and higher.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5183976)



Reply

Date: February 25th, 2006 4:43 PM
Author: nighttime plum organic girlfriend step-uncle's house

This isn't true for V&E, BB, and F&J. It can't be.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184003)



Reply

Date: February 25th, 2006 4:49 PM
Author: Overrated Liquid Oxygen Patrolman

More or less, yes. Maybe 1.2-1.5:1 is more accurate.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184054)



Reply

Date: February 25th, 2006 4:51 PM
Author: nighttime plum organic girlfriend step-uncle's house

i guess i'll just have to take your word for it.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184075)



Reply

Date: February 25th, 2006 4:52 PM
Author: Overrated Liquid Oxygen Patrolman

or NALP's.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184084)



Reply

Date: February 25th, 2006 4:55 PM
Author: Mischievous Frum Orchestra Pit Giraffe

How about this:

BB, Austin

18 partners, 28 associates

Dallas

56 P, 99 A

Houston

105 P, 148 A

Fulbright, Austin

33 P, 45 A

Dallas

39 P, 67 A

Houston

128 P, 152 A

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184105)



Reply

Date: February 25th, 2006 4:55 PM
Author: nighttime plum organic girlfriend step-uncle's house

doesn't sound too bad.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184112)



Reply

Date: February 25th, 2006 4:58 PM
Author: Overrated Liquid Oxygen Patrolman

Right. The Houston offices (which is all I was looking at) of all 3 are between 1.2-1.5:1.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184135)



Reply

Date: February 25th, 2006 4:59 PM
Author: nighttime plum organic girlfriend step-uncle's house

sounds like i'm making close to $1 million in 15-20 years!

SWEET!

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184145)



Reply

Date: February 25th, 2006 4:59 PM
Author: Mischievous Frum Orchestra Pit Giraffe

I'm not trying to prove you wrong, I'm just posting the numbers. Both all offices had about several "Senior Attornies" and "Of counsel" which I ommitted.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184156)



Reply

Date: February 25th, 2006 4:58 PM
Author: Mischievous Frum Orchestra Pit Giraffe

Vinson & Elkins Houston

162 Partners, 158 Associates (sweet ratio)

Austin

29 Partners, 44 Associate

Dallas

50 Partners, 71 Associates

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184143)



Reply

Date: February 25th, 2006 5:00 PM
Author: Overrated Liquid Oxygen Patrolman

Before August I plan to compile statistics on every Texas firm. I'll certainly post it here. Are you a 1L?

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184169)



Reply

Date: February 25th, 2006 5:01 PM
Author: nighttime plum organic girlfriend step-uncle's house

i look forward to that.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184176)



Reply

Date: February 25th, 2006 5:01 PM
Author: Mischievous Frum Orchestra Pit Giraffe

Yeah. Have you seen the Texas biglaw first year associate numbers posted in the library?

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184182)



Reply

Date: February 25th, 2006 5:02 PM
Author: Overrated Liquid Oxygen Patrolman

I don't go to UT, but I'd still be interested in hearing what the posting says.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184197)



Reply

Date: February 25th, 2006 5:04 PM
Author: Mischievous Frum Orchestra Pit Giraffe

Ah. Well, they've got a breakdown of first year associates at all the Texas Biglaw firms.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184208)



Reply

Date: February 25th, 2006 5:05 PM
Author: Overrated Liquid Oxygen Patrolman

How many UT 1Ls got Biglaw/bigtex jobs?

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184218)



Reply

Date: February 25th, 2006 5:06 PM
Author: Mischievous Frum Orchestra Pit Giraffe

Last year, something right around 150 out of 440 got BigTex. Only 2/3 stayed in Texas that year, so, the bigtex placement was a little less than 50%

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184236)



Reply

Date: February 25th, 2006 5:08 PM
Author: Overrated Liquid Oxygen Patrolman

for 1L summer? Nice.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184247)



Reply

Date: February 25th, 2006 5:08 PM
Author: Mischievous Frum Orchestra Pit Giraffe

Oh, i misread. I was talking about 1st year placement, not 1L.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184258)



Reply

Date: February 25th, 2006 5:09 PM
Author: Overrated Liquid Oxygen Patrolman

Ok. I was amazed.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184262)



Reply

Date: February 25th, 2006 5:11 PM
Author: Mischievous Frum Orchestra Pit Giraffe

Texas firms love UT kids, but not that much. Based on my small section of 25 kids, I know of 9 that have bigtex gigs lined up, and 1 who has Big NYC lined up.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184287)



Reply

Date: February 25th, 2006 5:14 PM
Author: nighttime plum organic girlfriend step-uncle's house

that's still a good amount.

at CLS only about 1/3 get firm gigs. although a lot of these weirdos take odd jobs around the world. i guess they're crazy rich or something.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184307)



Reply

Date: February 25th, 2006 5:16 PM
Author: Mischievous Frum Orchestra Pit Giraffe

Eh. One of the running jokes is that every black 1L has split summers lined up by December 2. I don't know what they're doing, but, the Thurgood Marshall Society has the hookup like nobody's business.

I think the placement for white males is around 1/3.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184329)



Reply

Date: February 25th, 2006 5:18 PM
Author: nighttime plum organic girlfriend step-uncle's house

that seemed to be the case here as well. connections are nice.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184341)



Reply

Date: February 25th, 2006 5:20 PM
Author: Mischievous Frum Orchestra Pit Giraffe

Yeah, definitely. I'm not resentful about it; I'm just pissed I'm a crappy interviewer. And I don't know anyone.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184359)



Reply

Date: February 25th, 2006 5:09 PM
Author: nighttime plum organic girlfriend step-uncle's house

oh. are you currently at the library?

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184263)



Reply

Date: February 25th, 2006 5:10 PM
Author: Mischievous Frum Orchestra Pit Giraffe

Nope

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184269)



Reply

Date: February 25th, 2006 5:10 PM
Author: Overrated Liquid Oxygen Patrolman

Well let me know when you post that info.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184275)



Reply

Date: February 25th, 2006 5:08 PM
Author: nighttime plum organic girlfriend step-uncle's house

that's better than i thought.

perhaps connections play a role?

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184256)



Reply

Date: February 25th, 2006 5:03 PM
Author: nighttime plum organic girlfriend step-uncle's house

can you take a digital picture of it, post it on the web, and link it?

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184206)



Reply

Date: February 25th, 2006 5:04 PM
Author: Mischievous Frum Orchestra Pit Giraffe

Yeah, no problem. The numbers are focused on UT, but, could be useful for everyone.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184217)



Reply

Date: February 25th, 2006 5:06 PM
Author: nighttime plum organic girlfriend step-uncle's house

wow, i didn't think you'd actually do it.

THANKS! maybe we'll have offices next to each other someday.

Edit: If that's the case, remind me to buy you lunch.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184230)



Reply

Date: February 25th, 2006 5:08 PM
Author: nighttime plum organic girlfriend step-uncle's house

you have a 1L gig lined up?

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184249)



Reply

Date: February 25th, 2006 5:09 PM
Author: Mischievous Frum Orchestra Pit Giraffe

1 offer at a small austin firm, but they're not paying anything great. I did 1L OCI this week and had 4 interviews... I'll see how that goes.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184268)



Reply

Date: February 25th, 2006 5:11 PM
Author: nighttime plum organic girlfriend step-uncle's house

good luck champ!

any notables?

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184277)



Reply

Date: February 25th, 2006 5:14 PM
Author: Mischievous Frum Orchestra Pit Giraffe

2 V50. I'm pretty underwhelmed. All 4 firms were looking to hire 1-2 1Ls from UT, and interviewed 10-20 people. My odds are pretty shittastic, and I'm fairly unnattractive. In addition, this one chick that's a solid 7.5-8.0 interviewed at 3 of the 4 i was interviewing. She's already gotten 2 summer offers, and was just looking to upgrade. What a bitch.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184308)



Reply

Date: February 25th, 2006 5:19 PM
Author: nighttime plum organic girlfriend step-uncle's house

that sucks. hopefully you'll have better luck. ever though about breaking one of her knees? seemed to work for Tonya.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5184355)



Reply

Date: February 25th, 2006 4:29 PM
Author: Mischievous Frum Orchestra Pit Giraffe

Are Texas firms going to be raising salaries soon? $110 in Texas is still better than $135 in NYC/LA...

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5183821)



Reply

Date: February 25th, 2006 4:30 PM
Author: nighttime plum organic girlfriend step-uncle's house

but it's not better than $135k in Texas (National firms with branch offices in TX)

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5183845)



Reply

Date: February 25th, 2006 4:31 PM
Author: Overrated Liquid Oxygen Patrolman

Exactly.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5183862)



Reply

Date: February 25th, 2006 4:31 PM
Author: Overrated Liquid Oxygen Patrolman

I would imagine somewhere along the times of where NYC firms were prior to the current raises.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5183856)



Reply

Date: February 25th, 2006 4:02 PM
Author: Mischievous Frum Orchestra Pit Giraffe

How many of these partners are with their first wife? Is making partner worth it?

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5183550)



Reply

Date: February 25th, 2006 4:23 PM
Author: nighttime plum organic girlfriend step-uncle's house

with their first wife? no idea. less than half, i presume.

(https://autoadmit.com/thread.php?thread_id=367878&forum_id=2#5183757)