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You are reading things correctly. Have worked in BL for over 30 years and made moves when offered better money/circumstances. The only talk of loyalty from a firm is when it works in their favor and the minute it behooves them to show you the door they will not hesitate. You owe it to yourself and your family to maximize your abilities monetarily and for personal satisfaction.
Thank you for the comments!
Just make as much money as you can my guy/girl
This. No one is looking out for you the way you would look out for yourself and your family! Get your bread!
It’s true up to a point. I stayed at my first job for 4 years then changed firms 3x in as many years. First jump I increased my salary by $12K. Second move $30K, and $25K with the third move. Now the positions I’m being recommended are either in line with my current salary or lower so it’s no longer worth it to move but it was definitely necessary earlier.
Yes there are people at my current firm with the same years of experience earning $15-20k less because they made less jumps between. Moving around made it easier to negotiate higher base comp
Shouldn’t matter to anyone who is serious about hiring good talent.
Yup accurate. Unless you are trying to be an equity partner, etc.
Then strategic moves every 2-5 years might be the thing for you!
It depends on the firm. My impression is that BL doesn’t value loyalty. But loyalty is a huge factor for smaller and mid-sized firms. That said, firms don’t reward loyalty if the employee is a low performer consistently. If 90% of your work is good and you’re a loyal worker, you can go far and get the benefits and the benefit of the doubt. But if your work is good 50% of the time, you’re causing more problems staying than going.
Yes, it will hold you back. I am an elder Millennial, so most of my mentors and work guides were trained in the loyalist manner.
Most of my peers grades-wise and quite a few that were lower ranked than I was in law school, have made more money even if they have not had as varied experiences as I have. And there are attorneys in my firm that think I’m a fool for not being more aggressive.
It’s a mercenary’s market.
100% yes
Yes
Yes!
Yes 👍
I switched a lot and now I’ve been long term for 9 years. I have a hard time explaining my two year jumps in interviews. Any advice is welcomed.
I would go over my experience as a narrative, focusing on the skills I developed in each role, something that interested me that I wanted to develop further, how I grew out of my role, and how my next move let me develop those skills. I addressed it upfront, during the tell us about yourself part and tied it into the broader story of how I ended up in law (I have a varied educational/work experience pre-law that always surprises people). Then I worked in what skills I was looking to develop and why the role I was interviewing for was a good fit. Colour the narrative with enough enthusiasm about wanting to develop your skills and your curiosity of the law and you’ll be fine.
The head of the firm where I work at told one of the new partners in his firm, “you have to make think they could be fired at any time and that they are doing a bad job”. Imagine working at a place like this.