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Well. First of all you didn’t “sign a contract” with Firm A. You accepted an offer. There likely was no consideration on your part so you won’t be in breach if you change your mind. To be safe, read what you signed and see if it addresses these circumstances. Just know that if you want to apply there in the future you’re going to have a LOT of explaining to do. It’s not something you can easily come back from if you decline the offer and later change your mind. You should get Firm B’s offer in writing first. Tell Firm B you already have a time-sensitive offer and if they are serious about you they need to give you terms ASAP.
Agree with post above. Just read what you signed but ultimately it’s in everyone’s interest that you’re in the best fitting position possible. A presumably doesn’t need a flight risk hire.
Subject Expert
Turn it around. If Firm A hired you and then another candidate came along that was a much better fit, they wouldn’t think twice about rescinding your offer. You don’t owe them anything.
For the record the firm in question is big law - I wouldn’t do this to a smaller shop