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Should I lateral? NYC V25 4th yr Transactional
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Date: June 30th, 2012 11:15 AM Author: khaki kitty hall serious q bros
I love my group and the people I work with, but no one is getting put up for partner, even people who were "promised" it (yes, I know, a biglaw partner's promise is worth shit).
tons of lateral options out there |
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Date: June 30th, 2012 11:16 AM Author: razzle electric furnace To another similar firm? If so, why? (http://www.autoadmit.com/thread.php?thread_id=1983270&forum_id=2#20989343) |
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Date: June 30th, 2012 11:18 AM Author: khaki kitty hall either better partnership prospects or more prestige (for later get out of biglaw options) (http://www.autoadmit.com/thread.php?thread_id=1983270&forum_id=2#20989360) |
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Date: June 30th, 2012 11:20 AM Author: razzle electric furnace Both are probably negligible to non-existent, although I can understand wanting a change of scenery. That said, being a lateral can be hard when everyone else is settled in and knows their clients eccentricities better, so tread carefully. (http://www.autoadmit.com/thread.php?thread_id=1983270&forum_id=2#20989372) |
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Date: June 30th, 2012 11:21 AM Author: khaki kitty hall particular pointers? have you lateraled? (http://www.autoadmit.com/thread.php?thread_id=1983270&forum_id=2#20989378) |
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Date: June 30th, 2012 11:25 AM Author: razzle electric furnace No. But I see a lot of disgruntled laterals come through my firm. If you are going to lateral and want to make partner go to a shittier firm where your work product and work ethic will make you stand out.
That said, I am just about to pull the trigger on lateraling to a lifestyle boutique...but would never lateral to another big law firm |
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Date: June 30th, 2012 11:34 AM Author: khaki kitty hall I am a grinder, so that shouldn't be a problem. My major worry is lateraling to an up and out shop, getting fucked that way. My current shop will at least let you orbit in sr assoc/counsel land ad infinitum (http://www.autoadmit.com/thread.php?thread_id=1983270&forum_id=2#20989467) |
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Date: June 30th, 2012 11:37 AM Author: razzle electric furnace I can't bill another 2300 hour year. That said I have been doing this for longer than you.
But I am saying that you go to a lesser firm to distinguish yourself. That is the way you make partner. |
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Date: June 30th, 2012 11:41 AM Author: khaki kitty hall I hit almost 3k last year / probably on target for 2400 this year. I hate it but it keeps me somewhat jerb secure (http://www.autoadmit.com/thread.php?thread_id=1983270&forum_id=2#20989509) |
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Date: June 30th, 2012 11:42 AM Author: razzle electric furnace You are the penultimate striver/worker bee. You will probably make partner. (http://www.autoadmit.com/thread.php?thread_id=1983270&forum_id=2#20989516) |
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Date: June 30th, 2012 11:50 AM Author: khaki kitty hall pretty much a striver/worker bee. however I don't think that's a lock on partner anymore (http://www.autoadmit.com/thread.php?thread_id=1983270&forum_id=2#20989555) |
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Date: June 30th, 2012 11:55 AM Author: razzle electric furnace Not a lock, but if you are going to make partner anywhere, it is probably at your current firm...or go to a lesser firm and make partner with your superior work ethic and product... (http://www.autoadmit.com/thread.php?thread_id=1983270&forum_id=2#20989570) |
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Date: June 30th, 2012 11:34 AM Author: brass idiot sneaky criminal Good luck.
EDITED. |
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Date: June 30th, 2012 11:39 AM Author: khaki kitty hall which one of my pumo friends is this? the merger was a mixed blessing, enhanced prestige but precluded some other interesting options I had in the fire
firm life is cancerous, but the $ if you make equity partner is key, as are the lateral options in my practice area for partners |
Date: June 30th, 2012 11:17 AM Author: Bistre razzmatazz church clown corp is about to dry up bro
if youre the new guy on the block you're the first to go |
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Date: June 30th, 2012 11:18 AM Author: khaki kitty hall Most of my work is part capital markets, part corp, part bankruptcy / I think I could be pretty flexible if I went somewhere new (http://www.autoadmit.com/thread.php?thread_id=1983270&forum_id=2#20989358) |
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Date: June 30th, 2012 11:21 AM Author: razzle electric furnace Still, these places are often FIFO (http://www.autoadmit.com/thread.php?thread_id=1983270&forum_id=2#20989379) |
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Date: June 30th, 2012 11:21 AM Author: Vibrant center rigpig i was in your situation and went SOUTHERNLAW. best decision i ever made. of course, i don't really care about staying at a law firm so if i lose my job here cost of living is so low and the tax/labor law environment so favorable that i have some flexibility to do something more entrepreneurial. (http://www.autoadmit.com/thread.php?thread_id=1983270&forum_id=2#20989376) |
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Date: June 30th, 2012 11:21 AM Author: khaki kitty hall can't leave NYC and have wife and kids so not that flexible (http://www.autoadmit.com/thread.php?thread_id=1983270&forum_id=2#20989382) |
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Date: June 30th, 2012 11:23 AM Author: Vibrant center rigpig raising kids in NYC is impressive. wanting to start a family is one of the major reasons we decided to go chill in the south. (http://www.autoadmit.com/thread.php?thread_id=1983270&forum_id=2#20989388) |
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Date: June 30th, 2012 11:32 AM Author: khaki kitty hall yeah it's a bit of a challenge and wife refuses to leave MFH / thus the need for $$$$$$$$$ (http://www.autoadmit.com/thread.php?thread_id=1983270&forum_id=2#20989448) |
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Date: June 30th, 2012 11:44 AM Author: Wine multi-billionaire range Greetings, She is on DAT BBC samantha from SitC style |
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Date: June 30th, 2012 11:52 AM Author: khaki kitty hall hahaha, couldn't be farther from the truth (http://www.autoadmit.com/thread.php?thread_id=1983270&forum_id=2#20989560) |
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Date: June 30th, 2012 12:08 PM Author: Ungodly transparent property At your stage, you can (i) look for an in-house job (best bet if you don't want to become a professional salesman for legal services), (ii) lateral somewhere more prestigious (good because nobody will question the move, and if you're good you might make partner there), or (iii) lateral somewhere shittier in the hopes that it'll be easier to make partner.
I think (iii) is generally the worst option at year four - it's hard to defend the move without people assuming you got pushed out of your existing place, and there's no guarantee you'll make partner at the new place. You're too far away from partnership for that to be a really compelling reason for moving. If you are going to go somewhere shittier, do it later in exchange for being made partner immediately or with an explicit promise of making it after a 2-year look. |