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Are you stuck at a firm that doesn’t encourage business development? Are you not gaining the experience you hoped for? Learn what your options are in this article. READ MORE >
Find out what you need to do to make partner in your law firm in this article. READ MORE >
Question: I am a mid/upper-level associate at a top firm in a large Midwestern city. Although my reviews have generally been positive, my partnership chances are murky and I still have several years to wait until a vote. However, I have recently brought in my first substantial client.
I have been offered a position with a much smaller (20 to 25-attorney) firm. The new firm would basically match my salary, and I'd be "considered" for partnership in a year (for what that's worth), with the managing partner implying I'd be a shoo-in when the time comes.
I am concerned about the move for several reasons. First, my husband and I may (but may not) want to relocate in several years, and I know moving to a smaller firm will complicate matters. Second, there has been significant change in the composition of the partnership at the new firm over the last five years - I am concerned about stability.
Do you think this opportunity is worth pursuing? If so, what sorts of hard-hitting questions do you think I should ask about the turnover, and the structure of the firm's partnership, to make sure I know what I'm getting into? In short, how does one do due diligence in this situation? READ MORE >
Networking. It's really not a dirty word. In fact, it's something you should be doing regularly, consciously and with purpose. As a legal recruiter, I regularly meet with some surprised reactions when I ask what networking a candidate is doing on her own. The surprise, I've found, often stems from a belief that if an attorney has particular credentials and enough experience, she does not need to engage in networking. It's as if networking is only for the weak and lesser qualified, and/or the brown-nosing, aggressive types. READ MORE >
Question:I am a Non-Equity Tax Partner at a large law firm and am considering a lateral law firm move, however I do not have any portable business. Will there be viable lateral opportunities for someone like me? READ MORE >
The Benefits of a Two Tiered Partnership READ MORE >
Question: I’m a senior associate, and my firm wants me to start marketing and getting business for the firm. However, I feel it is more important to focus on my legal practice, and bill lots of hours. Learning marketing seems like a low priority - after all, it isn’t billable. I didn’t choose law just to end up doing sales. Besides, a high biller has job security, right? READ MORE >
Question: I'm a fourth year corporate attorney and I have just started searching for a new job because my current firm does not support my efforts in business development. I have some small clients that have been with me for a year (but nothing substantial) and potential new clients in the pipelines. Should I put together a business plan or is it too premature? READ MORE >
Can a senior associate of a small to mid-size law firm, with a small book of business ($150,000), make a lateral move to a new firm at partner level? READ MORE >
I am a sixth year litigation associate with a large firm in Los Angeles. This year the firm promoted only two associates to partner and neither one works in the Los Angeles office. I have consistently had very good reviews, and the Los Angeles partners have told me they will go to bat for me when I am up for partner. However, the Los Angeles office of my firm does not have the pull and power it used to - which, I believe, is partly why the firm did not promote anyone from our office. While I am happy at the firm, I can not help but be concerned for my future and opportunity for advancement. Meanwhile, I have a friend who moved to a boutique firm several years ago, and he was just promoted to partner as a sixth year associate! What should I do? READ MORE >
I am an associate at a big firm, who has just finished my 8th year. I was told in my last review that due to the economy, I wouldn't be up for partner for another several years. Confidentially, one of my partners has decided to leave the firm and start her own boutique firm and has asked me to join her. She has offered me partnership in her new firm and estimates that I will be compensated the same, if not more. Should I accept this new opportunity or is it too risky? READ MORE >
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Question: I am a senior associate with some portable business. I am looking for a job in today's market with a straight base compensation, but I find that everyone just wants to talk about my potential portables (which are tentative at best) once they hear that I have some business. Is it impossible to find a normal service role today instead of a rainmaking role at my level? Should I stop mentioning my portables to potential employers, although I think that they do add something to my candidacy? I don't want an eat-what-you-kill compensation structure, but, inevitably, the conversation goes in that direction as soon as ''potential portables'' are mentioned. Help! READ MORE >
''Fortune Favors the Bold!''
Quoted more often than followed, Virgil's immortal phrase rings truer now than ever as a source of inspiration — and as a challenge. In Virgil's day, fortune — or ''Fortuna,'' the goddess of luck — was believed to bestow her largesse on risk-takers and adventurers. Those who boldly sacrificed comfort in pursuit of greater goals were rewarded by Fortuna for their efforts. These unpredictable financial times provide a great opportunity for many to catch Fortuna's eye and generous attention. So all you partners with a book, great or small, dust off your shield and saber, or business plan and contacts, and be bold. READ MORE >
As I sit before my computer monitor writing this short article, the window for my document is minimized so as to maximize my view of my desktop background—a view of our beloved, blue planet from two hundred miles above its surface. The stunning vista of creamy, white-blue clouds and indigo sea against a black, starless sky reminds me of the amazing richness of opportunities constantly before us?and of our regrettable inability to take advantage of all of them. Fortunately, leading full and joyful lives does not require that we take advantage of all opportunities but, rather, that we carefully choose the precious few possibilities that we can and will pursue. What a difference it will make in your law career if you seize those few opportunities and take full advantage of the doors they open! READ MORE >
Associates' Views on Partnership Has Shifted.
Today's associates are not necessarily as interested in making partner as they once were. For some, it seems more unattainable and less desirable than it has been for associates in the past. This is especially true coming out of a recession, when firms are typically electing fewer partners. As a result, there appears to be a definite shift in the goals of some of today's law firm associates. READ MORE >
If you are at a law firm and would like to have a successful road to partnership, here are five keys that will help you on your journey to the top: READ MORE >
With many associates placing less of an emphasis on reaching equity partnership, law firms are responding by creating new tracks that still allow for career advancement to keep them interested. READ MORE >
QuestionI am currently working in a mid-sized firm and am on track to become partner. Being a fairly new firm, there is no maternity leave and part-time policy in place. I am considering having a child, but still want to be considered for partner, while at the same time pioneering the path for a good maternity policy. Do you think I'll be able to achieve this, and, if so, how do I go about it? - Victoria READ MORE >
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Kara MaddalenaNortheastern University School of Law, Class Of 2014Placed at McCracken, Stemerman & Holsberry, LLP
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