Looking to move firms. I’m a senior associate on counsel track at a big law firm (top 5). The offer I’m contemplating is a NEP role at a smaller firm, but a firm where my practice are is really the focus as opposed to just an add-on. The pay is similar, which is impressive given billing rates much lower. Thoughts? Should I wait for the official counsel title or just bounce?

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Make sure you have a complete understanding of comp structure and billable requirements to stay employed vs get bonus and about the volume of workflow if you aren’t bringing your own book.

I made a shift from counsel in Biglaw to NEP in Midlaw and was caught off guard by billable requirements that were higher than expected. But even more so, I was supposed to work primarily with 2 rainmaker partners, but one scaled down early and retired and the other had a significant shift in his practice away from my expertise, so I soon found myself having to scramble to bring in my own work.

likesmarthelpful

This. Do all your due diligence. Staffing, admin, expectations for billable and non-billable work. Look at current and former employees.

likesmart

Make sure you can make the orginations and collectibles requirements. Also, check out whether you will have W2 or K1 status, and what the benefits package looks like. Some NEPs pay all health insurance, bar dues and cle, unlike a counsel who will be a W2 employee. You might end up with an unexpected pay cut when you get the nicer title.

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