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Mine is very transparent with multiple associate training seminars and two annual “financial” meetings reviewing the firm’s goals/budgets/forecasts. It is very refreshing from my prior firms. To an extent associates won’t know everything, but transparency and availability to discuss is crucial to keeping associates involved and to “buy in” to a firm that presumably wants to retain talent.
A refusal to address legitimate questions would be a red flag for me.
Our firm is less transparent than I like, but partners and other associates have shared more information about firm financials and the partnership process as I’ve become more senior. It helps to know people closer to that process and you should be able to start asking these questions now, especially as you’re nearing the partnership decision. Have you been asking at annual reviews? Any recent partners in your group that you’d consider a friend?
I’ll add, I fully understand some things are just not for me to know as an associate. And I’m okay with that. But again it’s hard to buy in to wanting to be an owner when I don’t know anything about how the place operates other than what I do in my position on a daily basis.
Fully transparent; whatever questions an employee of mine has, they know they can just come in to my room and ask. I never understood why some firms chose to keep their team in the dark with things like this.
Very transparent. I know what clients are behind on their fees for example and can infer book size. I’m at a midlaw firm but the partners keep me up-to-date on all the business of the firm.
Very transparent. They proactively share information and have been quick to answer any additional questions I have.
My firm is super transparent. All the financials are available for anyone to look up. I’ve spent hours just combing through the data out of curiosity (or, let’s be honest, nosiness).