I was a counsel at GT for over 5 years. I believed the sales job they did on how great the platform was and how collegial it was. It didn't take long for the horror of my mistake to kick in. Like others, I ran into a culture of very sharp elbows. Their platform was certainly not any better in terms of getting business than my prior platform - in fact it tended to be more of a negative because the reputation for quality and ethics was terrible. There are three levels of shareholder; the lowest level SH and counsel are a far cry from the highest.. The low level SH and counsel end up being paid about 15-20% of their collections. It would not be unusual to collect over $1M on origination and be paid less than an associate. All attorneys are also tagged with an incredibly high overhead (close to $300k per year) while not actually getting any resources for that money. Some of the staff indicate that the attorneys have it good and they don't; well I would say it is probably top shareholders that have it well, lower tier shareholders, counsel and associates do not.
