How do I become name partner at my firm? I work in a v5

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

Start another firm, grow very large, and be acquired

like

No avocado toast

likefunny

Become a rainmaking equity partner, and then (1) leave, become the best President since FDR or Reagan, and come back to law firm or (2) die tragically stopping the next 9/11.

likefunny

Honestly best move is to make equity partner then legally change your name to match the firm. Great for BD.

likefunny

Hostile takeover.

funny

If you are at a V5 you have to be at the right rank at the right time and on the right matter(s) (which is all market dependent). You will need two or more influential partners to vouch for you. You will serve institutional clients so there is no book required to initially make partner. This process is also very bureaucratic rather than truly meritocratic, and the latter is what they would like you to believe. As such, you can literally be a stellar associate and try as hard as you want but without the right internal connections it will not happen.

Most people drop down in ranking to make partner because, although it can be political as well, it is a far more entrepreneurial environment where if you put in the work you will have a more realistic chance to own you own book.

like

I also think if you can’t at least do what I said above you’ll certainly never be a name partner lol

Pls fix.

like

Become an Assistant US Attorney General, then Mayor of NYC. Join a big firm using your name recognition. Pledge fealty to an insane Presidential candidate. Go insane yourself. Have your name removed “amicably” from that firm.

like

Become a supreme court justice. Retire from court and return to firm.

Stand up and ask during your managing partner’s address at the next firm AGM.

Related Posts

Best practices to avoid burning out in FDD?

like

Amazon should act as Santa during the holidays and deliver one gift fully wrapped from your wish list for free every year to everyone with Prime just to say thank you for choosing us. Bad idea or good

like

I don’t understand the words that are coming out of your mouth....

Post Photo
like

I've just 12 hrs to think about this -- Oracle or Freecharge ?? Work profile with Oracle is development of oracle jet framework and with Freecharge merchant app with freecharge Please help yaaro

At what point is too much prep?? I think reading about how grueling the Amazon interview process is has sent me into a spiral lol. Interview is tomorrow and can someone just tell me it really isn’t as bad as everyone says it is??! 😂😭

like

I don't know who needs to hear this, but it's a bad idea to bite your fingernails if you're already chewing gum.

likefunny

Any one from tata technologies? How is work life balance and job security in ER&D...

like

From which month revised salary ( which is done during the end of the pay cycle) is credited to the employees in deloitte india

like

Hi Folks,
I have submitted my resignation on Aug11th. I received a mail very next day from HR saying salary willbe put on hold for reliving month and immediate previous month will be put on hold as FNF dues.
Now half of the people I asked saying I won't get salary for August as well and half saying i will get salary for August. Can anyone confirm on this?

How much do CCOs make? Mid to large size agency in a major city?

like

I deeply miss my ex. The breakup was initiated by me 5 years ago because I was scared to commit. Since then, I’ve gotten married and have a daughter. I’m so embarrassed to admit it but I think about my ex everyday. I am so sad that I walked away from him. Life is ok now - I’m thankful for my family but my heart hurts. How do I move on?

Do you keep your clearance if you quit your organization?

like

Hi,
How does the sapience ibuddy tool work ? What if I'm not able to clock 8 hours ?

like

The coolest thing engineering gave us...

like
likehelpful

Still really want to know how that Strategist's conversation with the boss went today.

like

Anyone managed to fly their parents down from India to US off late? Cousin’s pregnant, trying to book tickets for early Dec. trying to understand how entry here is playing out here. I know Qatar and Emirates aren’t operational yet for flights from India to US.

I want to start my own PI firm. What should I know? What should I do? What should I read? Thanks!

like

Is Trackitt Down ?

like

Is someone here stuck on the job title because of the GC processing? I am just so frustrated… it’s making me mentally exhausted since I’ve been working as a Senior for 5 years already. My PERM is still in process and planned to be filed next year.

like

Additional Posts in Big Law

What’s the difference between an inefficient associate and a high biller? I know one is bad and the other is good, but aren’t they usually the same?

like

Do big law firms typically need references when you lateral from another big law firm? I don’t think I suck at my job but haven’t made close partner connections at my current firm so not sure who I would ask.

like

Today I tried to tell myself what my favorite thing of being a lawyer is, and the only thing I could think about is when the direct deposit hits every couple of weeks…

likefunny

Do I look crazy if I’m sending emails with revised drafts out at 3 am? I can’t help that I’m more productive at night…

like

Anyone have slow months where you burn through a lot of your allotted pro bono/professional development hours to keep hitting minimum daily hours? The past few weeks have been like this for me. Should I be concerned (I.e., will this reflect poorly on me, come review time? Will I have dug myself too much of a hole if I keep burning my non-billable hours?) I’ve been asking partners if I can assist in any projects so I can fill my plate, but I’ve only gotten small (4-6 hour) tasks handed my way.

like

White collar folks - how busy are you guys now?

like

From a vault ranking perspective, is it safe to assume V100 is all sweatshop big law? Reason I ask is because I want to lateral but not to a gunning big law firm — want to stay in big law but not at the ones at the top of the food chain like I am now. Want some sort of work life balance and wondering if the “lower ranked” big law firms offer this? Could just be my fantasy though…

like

Boomer. I am in between jobs. Laid off in 10/21 after 16+ yrs, with an ABA firm. RIF. Still on excellent terms. Took my time living off generous package and didn’t seriously start applying until 01/22. Made a rookie mistake and accepted first offer.
Turns out job wasn’t as advertised. Mutual parting of ways 3/22. Due diligence is critical.
Now interviewing a LOT. Some temp work, I still have “it”. I relate to all gens. Willing to mentor AND learn from all. Tech savvy, CTE from day one. Leads?

like

Serious billing question - if during the course of the day, you first receive an email from Client A at say 11:10am and you read it, you then respond to it at 12:20pm. You get another email at 2pm from Client A and respond immediately. The next email comes in at 4pm, you read it and respond only at 4:30pm. None of the email responses take more than 3-5mins. You are working on matters for other clients at all other times during the day. How much are you billing for Client A?

like

If you’re ever feeling like BigLaw is pigeonholing your career, just remember that Rep. Liz Cheney started her career as a project finance associate at White & Case from 1996-1999.

likefunnyuplifting

Joining a big firm next week as fully remote lateral and flying out to home office for orientation. The schedule has me in office until 4:15. I’ve already been told I won’t have any actual work. Depending on how many people are there and how it feels, I was planning to stay an hour extra but should I hang around the office until later? First time visiting this city so it’d be great to take in some sights too (although that’s not a priority of course).

like

Which big law firm in Dallas has the “better” work life balance?

like

I’m debating to join Locke Lord Dallas in transactional. I’m looking to stay at the firm long term and would appreciate any information y’all have. Please be as candid as possible.

like

After leaving BL, what salary do most people settle at or is that way to general of a question?

like

What are some company perks that king & spalding give their associates? (I.e. free food, work phone, comped lunches, etc.)

like

Does your firm let you take 28-30 December off? Many of my team members won’t be working those days and I decided last minute that I’d like to travel somewhere between Christmas and the New Year.

likehelpful

Just learned that my bonus is being docked 5% because I missed a weekly (not month-end) deadline for submitting hours. I got a warning the first time this happened last month so it’s on me, but I’m still livid. Is this normal?

like

About to finish my first year. I’m a specialist. Only going to hit 65% of my hours (took a 4 week vacation cause of wedding/hm).

I never say no to work and i have fantastic reviews, and the head of my practice (with whom I work a lot for) has great things to say about me.

I’ve been fully utilized starting ~June, but first few months were slow. Am i fine?!

like

But actually how do you bill your time? (and don’t say contemporaneously)

Say you spend 2 minutes answering an email to a client earlier in the day and then 3 minutes on another email later in the day. Do you bill 0.1 or 0.2? More importantly, how do you keep track of that throughout the day?

like

New to due diligence and not sure the timeline of projects. Tips to stay organized of the project and timeline, and how to update those leading the deal? Just keep track of new info and provide as necessary?

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