I’m considering leaving a mid-law firm to partner with either a current solo or a small (3-4 atty) firm. I have been vetting various opportunities and it’s time to just make a decision and move forward understanding nothing is going to be perfect. Option 1 is joining a solo where overhead costs are half of what they’d be with the other options because rent is locked in at a low rate over the next 8 years. I’d be a full equity partner with this attorney. Eat what you kill after expenses. Cont’d

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Option 1 is with someone looking to retire in about 10 years time and so not looking to grow the firm at all beyond me. I have my own book and don’t need theirs—so they could retire or not and that doesn’t affect me. Option 2 is joining a small firm that is just starting to grow, so there are different practice areas to internally refer and receive referrals. This is still being negotiated, but assume I’m also full equity, eat what you kill after expenses. Option 3 is start a firm with another attorney looking to leave their firm. We have the same practice area and the other attorney has a book about twice the size of mine, but also the overhead that comes with it as far as staff, etc. Gut check tells me Option 1 with low overhead is the best place to start, but the desire to grow something bigger is what’s stopping me. Any advice from those who have made this move?

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