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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: bronze beady-eyed 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: spectacular juggernaut meetinghouse 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: bronze beady-eyed 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: spectacular juggernaut meetinghouse 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: bronze beady-eyed 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: spectacular juggernaut meetinghouse 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: rough-skinned chestnut headpube 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: Ruddy bat shit crazy persian 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: Metal Therapy (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: Vivacious indecent national security agency 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: rough-skinned chestnut headpube 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: amethyst water buffalo 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: nubile locale 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: Carnelian haunting pocket flask mexican 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: rough-skinned chestnut headpube 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: Carnelian haunting pocket flask mexican 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: rough-skinned chestnut headpube 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: avocado razzmatazz bbw dragon 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: Carnelian haunting pocket flask mexican 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: avocado razzmatazz bbw dragon 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: French lemon wrinkle 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: Carnelian haunting pocket flask mexican 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: rough-skinned chestnut headpube 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: Carnelian haunting pocket flask mexican 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: translucent 180 range filthpig 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: slimy athletic conference station 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: rough-skinned chestnut headpube 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: overrated erotic lodge kitty 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: Canary philosopher-king what prac area (http://www.autoadmit.com/thread.php?thread_id=3735811&forum_id=2#34243695) |