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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: Curious Citrine Hissy Fit Regret 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: glassy cracking boistinker legal warrant 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: Curious Citrine Hissy Fit Regret 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: glassy cracking boistinker legal warrant 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: Curious Citrine Hissy Fit Regret 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: glassy cracking boistinker legal warrant 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: slimy step-uncle's house round eye 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: Garnet impertinent half-breed 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: Orchid thriller mad cow disease national security agency (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: demanding home doctorate 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: slimy step-uncle's house round eye 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: swashbuckling henna nowag fanboi 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: talented reading party parlor 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: Histrionic rusted base 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: slimy step-uncle's house round eye 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: Histrionic rusted base 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: slimy step-uncle's house round eye 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: Excitant orchestra pit 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: Histrionic rusted base 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: Excitant orchestra pit 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: cerise beta genital piercing 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: Histrionic rusted base 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: slimy step-uncle's house round eye 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: Histrionic rusted base 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: Vigorous offensive site 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: cordovan marvelous theater stage people who are hurt 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: slimy step-uncle's house round eye 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: adventurous lavender temple pocket flask 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: Frum headpube what prac area (http://www.autoadmit.com/thread.php?thread_id=3735811&forum_id=2#34243695) |