Does your firm have a defined path to partnership, or just a “whenever we feel like it” approach? Has anyone been promoted under the second approach? Under the second approach, how long do you wait before you know it’s time to bow out?

like
Posting as :
works at
You are currently posting as works at

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.

like

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.

like

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.

like

I take it’s that’s better?

helpful

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

like

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.

like

Big law. V10. Completely and entirely random. Most important factor is do you fit the boys club.

like

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.

like

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.

Related Posts

Don't read too much motivation post on Quora or LinkedIn 😄

Post Photo
likefunny

Any recommendations for inexpensive, beneficial social media marketing courses?

like

I was contacted by a recruiter with a job in the EV market, which is something I've been wanting for a while. Im at a comfortable point in my current position where I can do my job very easily, change would mean starting from zero again. What should I do? Any advise?

like

Hi all. I am actively looking for a job. Have 16 of total experience. 14 years in SCM domains like order management, order fulfilment, reverse logistics, purchase requisition ans 2 years in customer care. I am experienced in people management as well. In Ciena I was involved in business transitions, business operations, hiring and trainings. Good knowledge of Oracle, SAP, Sales force and MS office. Available to join immediately.

like

Switching from consulting to product managment role. Any recs for prep (books, online courses, etc.)? Thank you!!! 😊😊

like

All these layoffs reminding me that loyalty is dead

like

Hi I have been offered 12fixed for AC role.Is it too less my previous CTC was 8.I don't have offer in hand as of now.so should I ask more before getting final offer or should I ask more after getting an offer. Job profile is AWS+ Python .
YOE : 4.8

like

People who pivoted/trying to pivot to PM - what resources did you use/do you recommend? There are some online courses or boot camps that have $1-2k tuition fees - worth it? Which ones are worth it?

like

what is the salary range of consultant in KGS ? What will be the role offered if I have 3.5 years of experience , consultant or associate consultant ?

Dry. Acidic nose. But for $10 this wine is amazing. Where else can you find a ‘14 vintage for that cost. I Get nectarine hints maybe plum. Very little body. Mild tannin; I wouldn’t mind putting out for guests. If you’re going for something dry, acidic, in the red department, can’t complain. I picked this one up from Trader Joe’s. Hope you find this helpful!

Post Photo
likefunny

I want to take this moment to wish everyone a happy new year. Still on holiday vacation.

like

I've heard pharma pays well. Is it true?

like

Does amex provides Night Shift allowance for folks working in Night Shift??
Amex Gurgaon

like

Don't know how to choose BTW Kellogg and Booth. Want to be done at the end of the week

like

𝗕𝗼𝘁-𝗯𝗮𝘀𝗲𝗱 𝗦𝘂𝗰𝗰𝗲𝘀𝘀𝗙𝗮𝗰𝘁𝗼𝗿𝘀 𝗕𝗹𝗼𝗴𝘀 𝗧𝗲𝗹𝗲𝗴𝗿𝗮𝗺 𝗰𝗵𝗮𝗻𝗻𝗲𝗹!

Scan the code or click the link in the comments

#SuccessFactors #Blogs #Learning #SAP

Post Photo

LEK 🐠, in what industries does the Chicago office focus?

like

How do people here reduce their tax bills? Me and my SO earn about 400k gross and take standard deduction. We don’t own real estate, only S&P500.

like

Salam, Ramadan Mubarak! Anyone trying to maintain some level of strength training during Ramadan? I know it’s ideal to lift after iftar (maybe after dates/water + magrib and before dinner) but wonder if it is doable to squeeze in a 30-40 min training session right before iftar (for time saving purposes)?

like

Anyone know what would be the level and salary range I can expect if I try to transition to a sales job? Currently an operation manager making around 130k a year. Have about 3 years of management experience and 2.5 years of low tier sales experience.

like

Additional Posts in Law

How long did you have to wait from last round interview until offer? (Public sector)

like

Family law litigator looking to transition to in-house? Any tips?

like

Anyone at Pryor Cashman have intel on firm culture, work/life balance, and comp?

like

Those who are voluntarily returning to the office — how often are you going and what days seem to work for you? Looking to slowly incorporate a few days here and there for change of scenery etc. — will add there is no pressure to do so (yet).

like

I am concerned with fulfilling billable hours requirement. I’m required to hit 2100 hours yearly and I’m at ~1,500 hours and I think I’ll hit 150-180hours this month. What will happen if I don’t hit my targeted amount by the end of my year.

likehelpful

Second year associate here. How should I deal with the one partner in my practice group who seems to exclusively give me lousy assignments that we’ll never get paid for? I get great work from everyone else.

like

I'm a junior associate. A couple people have left my small firm and I'm now the lone associate at our main office. I've now been told I am "temporary senior associate or permanent or partner whatever that results in." Please send help. I'm just a baby attorney still.

like

What is the scoop on med mal defense vs. plaintiff work? Is defense more respected by other practice areas if I were to switch somewhere else later?

I applied to a position that brands itself as civil litigation and apparently the role is med mal defense. Not sure what to go by but would like to do a little research before I call them back.

like

Career Sabbatical?

Can anyone who has taken a career sabbatical to travel/explore other interests share their experience with both leaving their jobs and returning to the legal field?
I really want to live in Asia for a year at least before I have to settle down and start a family. I’m not getting younger but don’t want to be reckless with my career.

like

What productivity hacks do you employ? I like to shut off my email for 25 min intervals to focus on real work. It’s like a sprint of focus without being “unavailable” too long.

like

I am lead counsel on a case - we’re suing 3 businesses and my supervisor is a named incorporator of one of the businesses although he is not an officer. He is asking me to bring the file and meet with him about the progress of the case. I reminded him of the conflict and he stated that the conflict was resolved because he also has a claim against 1 of the companies that he recently filed separately. I don’t see how that resolved the conflict…and he’s fully pressuring me to meet. How to respond?

like

Thinking about applying as a lateral to Quinn Emmanuel LA. Thoughts on hours, etc.?

like

How much time is acceptable to bill to admin per day?

like

How competitve is a US district court clerkship?

like

Thinking about getting a MBA, partly for personal enrichment but also for professional reasons. I know schools all have different “cognates” but do people have recommendations that pair well with corporate/securities/financial legal practice fields?

like

Transactional junior associate in biglaw. Working for a dedicated practice group rather than in an associate pool. For the past few months, I’ve been loaned to another practice group for a good chunk of time. While the people are decent and the hours aren’t terrible, I detest the work and don’t see a future in this new practice. My main partner says it should end in the next month, but I don’t expect that to happen. Is it a terrible idea to ask to be taken off?

like

Anyone else here kinda like doing doc review? (In moderation of course)

likehelpful

Any tips when leaving a firm? Younger associate <1 year.

likehelpful

Enviro/ natural resource lawyers— what’s your dream job?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal