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I've heard pharma pays well. Is it true?
How competitve is a US district court clerkship?
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My firm has clear guidelines on revenue generation, years of such revenue, originations, and number of existing Partners who need to nominate a candidate.
It's not uncommon to get denied the first time you're up for Partner, because Management needs to see consistency, but if you've been denied twice and you have the numbers, you should start talking to headhunters.
No. My boss would have to leave, then I’d have to put in several years of being indispensable before I could even think about it.
I used to be at a mid size firm that did the latter. They promoted me to income partner. But when I pressed for metrics to get to equity the managing partner would not even give me a book of business target. It was totally arbitrary. I got out after about 2.5 years and went to one of the Big 4 L & E firms. I am in a much more metric driven environment.
I take it’s that’s better?
Small boutique with a 7 year track. They act like everyone who sticks around makes it, but that’s because they push people out before 7 if they’re not cutting it
Defined. Fisher Phillips.
I’ve had friends get promoted under the second approach and it’s really all over the place. It could be when someone retires. It could be when a client comes in in an insurance defense firm that’s not very profitable and so they want one person to manage that client and no one else wants it so they promote a senior associate. I’ve also seen it. Just be completely random at smaller firms in one day you just get tapped. Non-equity of course.
Big law. V10. Completely and entirely random. Most important factor is do you fit the boys club.
The second option is never a good option. You'll just be jerked around and the goal post will keep moving. Look to be in a metric-based environment. If you happen to be in the latter environment right now, the minute they try being vague about metrics, start looking to lateral.
That describes it perfectly
F
F
Ours is in the middle. There are numbers you have to make both for collections and origination. And you need to make your collections number 2/3 years prior to making partner. There is also a subjective component too. We don’t have a minimum year requirement - I tied for the fastest run to partner (6.5 years out of law school) but for context was billing 2200-2400 hrs a year at a mid sized firm w a hourly requirement of 1800 that maybe half of the lawyers meet.