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Honestly, do clients value what we do anymore?
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Calm down! :))
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AA1 is exactly right. I’ve had coworkers do this and the firm recoups the money by not increasing your comp in the future, and you become known as the person who threatened to leave. Taking a match only makes sense if you’re going to leave anyway before your comp falls behind again. My coworkers who did this still left 1-2 years later. If they aren’t valuing you appropriately now, threatening to leave isn’t going to change that in the long run. You’d just be delaying the inevitable.
In what sense? You mean if your current firm matches an offer that you’ll always be wondering, why weren’t they paying me this much before?
I recently had to make the decision to not do this. I didn’t even give my old firm a chance to match. I figured that if I had to hold a metaphorical gun to their head to get what I feel like I’m worth, I would be in a similar situation in a few years. They’ll either value you enough to make you want to stay in the first place by not being greedy with the value you bring, or they’ll always give you what they think is the minimum to keep you from leaving.
I think it depends why you looked elsewhere in the first place. If for literally any other reason than you felt you were underpaid, how is staying for more money going to help that? I'm sort of in this position now and candidly not planning to give my current firm any opportunity to match. For a whole host of reasons, they would have to more than match any offer to get me to stay, and even then it probably wouldn't be worth it.
If your only issue was the money, I think it's fine. At the end of the day, it's a financial decision and not a personal one. If they match and you stay, just go back to business as usual and don't think about anything else. It's only weird if you let it be weird.
Yup I let my old firm price match and it was not weird. I enjoyed working, I just wanted to be paid my worth.
I asked for a match and a promotion to senior counsel. It’s not the same as before because it made them realize that there were things making a team member look for a new role and it made me reevaluate my relationships with the senior partners.
I was worried there would be lingering resentment but it ended up being the needed fresh start that I think I needed with the firm and vice versa. If the situation with your current place is one where you feel like you can grow and build a book, it’s worth asking for a match.