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Stay at V5 firm or go with departing partner to smaller firm?
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Date: September 18th, 2017 6:58 PM Author: 180 Jet-lagged Temple Prole In currently at a firm where the work is somewhat stable but it is basically impossible to make partner. Though they do let you hang hang around as an of counsel for years and years as long as you're busy (and you have to hustle to stay busy). I'm in a niche practice area. There is a partner I my practice group who isn't that busy and is going to leave. Should I go with him to a smaller/lower ranked firm? I assume the partnership track would be better, but that there would also be a greater chance of totally running out of work and getting fired. Any advice?
I'd prefer to go in house in the long run, which I assume is easier from V5, but the in house options in my practice area suck (200k would be the best you could hope for, 170k is probably more realistic). So I am coming to realize I may be law firm or bust. |
Date: September 18th, 2017 6:59 PM Author: azure principal's office hissy fit if he's not that busy he doesnt have that much work (http://www.autoadmit.com/thread.php?thread_id=3735811&forum_id=2#34238498) |
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Date: September 18th, 2017 7:02 PM Author: 180 Jet-lagged Temple Prole Yes this is true. He says he has lots of business but my firm begs to differ. So going with him would require cozying up to the new firm's group pretty quickly. (http://www.autoadmit.com/thread.php?thread_id=3735811&forum_id=2#34238514) |
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Date: September 18th, 2017 7:03 PM Author: azure principal's office hissy fit yup, so then it becomes a question of how much you like your current group (http://www.autoadmit.com/thread.php?thread_id=3735811&forum_id=2#34238520) |
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Date: September 18th, 2017 7:05 PM Author: 180 Jet-lagged Temple Prole I like it well enough but I don't think the firm does. Word is that the firm's management is content to let us wither away and die. But the group is good in the short term at least. (http://www.autoadmit.com/thread.php?thread_id=3735811&forum_id=2#34238539) |
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Date: September 18th, 2017 7:13 PM Author: azure principal's office hissy fit do you talk about these things with the partners/counsel there? (http://www.autoadmit.com/thread.php?thread_id=3735811&forum_id=2#34238592) |
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Date: September 18th, 2017 8:08 PM Author: Black Startled Pervert Marketing Idea Yes (http://www.autoadmit.com/thread.php?thread_id=3735811&forum_id=2#34238885) |
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Date: September 18th, 2017 7:00 PM Author: adventurous dark macaca mexican YOU WILL GET IN EVERYWHERE YOU APPLY (http://www.autoadmit.com/thread.php?thread_id=3735811&forum_id=2#34238500) |
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Date: September 18th, 2017 7:03 PM Author: brass infuriating party of the first part field (http://www.autoadmit.com/thread.php?thread_id=3735811&forum_id=2#34238525) |
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Date: September 18th, 2017 7:12 PM Author: Balding pocket flask athletic conference What year are you? Would the new firm be a better place to work? It doesn't sound like work is too rough at your current firm, and you probably aren't making partner at the new one anyway. Unless there's some other reason to leave that you didn't mention, I'd stay at the V5. (http://www.autoadmit.com/thread.php?thread_id=3735811&forum_id=2#34238584) |
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Date: September 18th, 2017 8:22 PM Author: Black Startled Pervert Marketing Idea Don't know if would be better. I'm getting fairly senior now. I'm trying to think of how things will go over the next 5-10 years. (http://www.autoadmit.com/thread.php?thread_id=3735811&forum_id=2#34238980) |
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Date: September 18th, 2017 8:25 PM Author: provocative location milk out the practice group (http://www.autoadmit.com/thread.php?thread_id=3735811&forum_id=2#34239005) |
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Date: September 18th, 2017 8:28 PM Author: wine preventive strike french chef GO (http://www.autoadmit.com/thread.php?thread_id=3735811&forum_id=2#34239022) |
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Date: September 18th, 2017 8:52 PM Author: lilac halford lodge Where do you get most of your work from? If it's the guy who's leaving, think about it. If you're getting senior, you need to be able to answer that question (http://www.autoadmit.com/thread.php?thread_id=3735811&forum_id=2#34239243) |
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Date: September 18th, 2017 9:23 PM Author: Black Startled Pervert Marketing Idea He gives me maybe 5-10% of my work. But he also said he'd make a push for me to make partner at the firm he goes to... which is not the vibe I've been getting at my current firm. (http://www.autoadmit.com/thread.php?thread_id=3735811&forum_id=2#34239502) |
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Date: September 18th, 2017 10:01 PM Author: lilac halford lodge It's tough to tell from your facts whether the partner is leaving from a position of strength (bringing clients, getting a raise) or weakness (not busy enough, getting pushed out). But it's tough to make partner anywhere and it sounds like you'll have to hustle at the current firm or the new one. But it sounds like you like this guy and it would absolutely help to have a partner pulling for you. And as far as in-house, prestige of firm really doesn't matter: and you'll probably have more opportunities at the new firm just because your personal network will expand. (http://www.autoadmit.com/thread.php?thread_id=3735811&forum_id=2#34239765) |
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Date: September 18th, 2017 10:34 PM Author: Black Startled Pervert Marketing Idea He's getting pushed out, no question. (http://www.autoadmit.com/thread.php?thread_id=3735811&forum_id=2#34240050) |
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Date: September 18th, 2017 10:40 PM Author: big lettuce rehab And why would he want to follow a deadbeat partner (http://www.autoadmit.com/thread.php?thread_id=3735811&forum_id=2#34240095) |
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Date: September 18th, 2017 10:44 PM Author: lilac halford lodge Why would the deadbeat partner be trying to bring OP along? That part doesn't make sense to me (http://www.autoadmit.com/thread.php?thread_id=3735811&forum_id=2#34240137) |
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Date: September 18th, 2017 11:17 PM Author: big lettuce rehab They are soulmates (http://www.autoadmit.com/thread.php?thread_id=3735811&forum_id=2#34240371) |
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Date: September 19th, 2017 2:09 PM Author: Zombie-like Impressive Jap It's not uncommon for a lateral partner to bring over an assoc (or, rarer, a service partner) who they absolutely cannot support. Usually does not end well unless the subordinate is junior enough to really fit into other groups. (http://www.autoadmit.com/thread.php?thread_id=3735811&forum_id=2#34243664) |
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Date: September 18th, 2017 10:44 PM Author: lilac halford lodge Is the money the same or would you be giving up a bonus or taking a paycut? I'd think about going with him, but OTOH if you're happy where you are, even if you get pushed out you'll probably get severance/notice at least. But at a certain level of seniority, it'll be tough to move to another firm (even a worse one) unless your practice area is booming or you have clients. (http://www.autoadmit.com/thread.php?thread_id=3735811&forum_id=2#34240131) |
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Date: September 19th, 2017 12:58 PM Author: Black Startled Pervert Marketing Idea Bonus would probably be a bit lower. I suppose the lower firm might also have an up of out policy, which my current firm doesn't. (http://www.autoadmit.com/thread.php?thread_id=3735811&forum_id=2#34243164) |
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Date: September 19th, 2017 2:09 PM Author: lilac halford lodge After thinking about it more, you should stay put (http://www.autoadmit.com/thread.php?thread_id=3735811&forum_id=2#34243669) |
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Date: September 19th, 2017 1:20 AM Author: Apoplectic Library Doctorate I think you should stay put.
a) they don't seem to push out of counsels (which is a trend in BIGLAW nowadays)
b) you barely get work from that guy
c) small firms are less stable than big firms
d) you can make a lot more money (most likely) at current firm... so just sock it away in a rainy day fund. |
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Date: September 19th, 2017 11:32 AM Author: exhilarant deep base bbw I agree with these points. Plus, if the guy's practice takes off at the new place he'd probably get the opportunity to join him over there later. (http://www.autoadmit.com/thread.php?thread_id=3735811&forum_id=2#34242500) |
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Date: September 19th, 2017 12:57 PM Author: Black Startled Pervert Marketing Idea TY (http://www.autoadmit.com/thread.php?thread_id=3735811&forum_id=2#34243160) |
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Date: September 19th, 2017 1:00 PM Author: chocolate weed whacker Stay put. Why would you tag along with a partner with no work? (http://www.autoadmit.com/thread.php?thread_id=3735811&forum_id=2#34243175) |
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Date: September 19th, 2017 2:12 PM Author: bipolar claret mood goal in life what prac area (http://www.autoadmit.com/thread.php?thread_id=3735811&forum_id=2#34243695) |