Description
When Is Moving A Good Idea
[00:00:00] Currently has an offer from several V10 firms with strong corporate groups, great. More volume and bigger deals. In my current, I'd be making about 40 to $50,000 more than where I'm at now. Wow. I'm a first-year associate nine months into practice, but the deal by I'm a current is very slow and I feel like I'm stagnating my skillset.
A couple of the firms I received offers from recommended I class back due to ease of transition and being fairly compared against a group of fresh lawyers as opposed to first years that are used to the pace at the firm. These firms have a strong presence in a major market I'm in, by the way. This class pack means no bonus.
Is it worth it? What are some pros and cons?
Okay. So what are the odds of your making partner or them making partner of people that joined them anyway? It's probably pretty rare for them to make partners in, in the corporate practice group anyway, and when's the last time they did that.
It's not, so they're saying being fairly compared, which is one possibility, but the odds are pretty good that even if you do go back a
[00:01:00] class year, you're going to be doing the same work that you would be doing with one year of experience. So I don't buy that argument too much. It's possible that you wouldn't have the experience and maybe you're better off, but it seems to me like they're just trying to save money.
I don't know. I could be wrong and I don't know the exact situation, but I would say if you have several firms, several offers that you're very marketable. And you're in good shape as a corporate attorney, I think the more sophisticated work you can get you're much better off, and work with better attorneys, you're going to pick up better skill sets and work on bigger deals.
You're going to learn to go into more depth and become a much better attorney and have a lot better future probably as a corporate attorney than you would where you're at. So I think moving is a good idea based on what you're saying. I also think that these firms are recommending if you've to be fairly compared, I just don't think that's accurate.
I think if you work hard, you'll be fine. I don't know how far back the hump with the bonuses. I don't know what the pros are. The pros, are it guests that you will be compared against other first
[00:02:00] years and given first-year work which may be easier, but it's also going to be more busywork.
If you don't feel like after nine months, you can catch up to other attorneys with nine months' experience I don't know. I would be careful. The only thing that I would say is if you have several offers from several of these big firms, then I probably would recommend that you go to work with the very best from you get an offer. And that would be the most important thing. And if they do set you back a class year, that's fine. Going from a small midsize firm to, one of the top names in the legal profession is probably a good idea. The other thing I would say is because the corporate market is very good right now working in the biggest market possible for corporate would be smart.
So working for example, in New York City, is probably the center of where the best work is if you're not in New York or working in the biggest firm you possibly could like in Chicago or whatever market you're in. And so not maybe just staying with your market.
So if you're like in a midsize market, which might be [00:03:00] like Philadelphia, I would probably, because of the way the market is trying to get into the biggest market you can because you're going to get a better experience. That would be my advice, but it's up to you.
If it's a huge firm, no one's going to remember that you negotiated and said I want to be going in this a second year, as opposed to a first-year, this is just them, probably trying to say.
I don't think, when's the last time a law firm was looking out for your Goodwill and wanted to make sure that you're going to be fairly compared against other people that make partners. In 10 or 12 years, maybe, but I don't know.