NEP here, up for equity consideration at the end of next year and so far I’ve been told I’m on target. However, because of ongoing family/care issues, I can’t give this job what it requires right now. Any thoughts or advice on going off the equity track and possibly even moving to counsel for at least this season in my life? I’d love to pursue equity at some stage, but I need to pull back on hours and business development and other firm activities for at least the near term.

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No. Definitely don’t take yourself off the “track.” (Equity) Partnership decisions are SUPPOSED to be longer term decisions, but there is some truth to there being a recency bias. It may be worth trying to have an open and candid conversation with partners backing you/mentors about your concerns. But I wouldn’t take yourself off the track. It’s an idea coming from a place of integrity and I honor that, but I wouldn’t trust a firm to reciprocate that level of integrity and firm first mentality. It doesn’t even have to be malevolent by the firm. It’s just hard to build and maintain that kind of broad based institutional knowledge - let alone maintain the memory.

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Just carry on and do what you need to do for your family. Do no take yourself off the track.

likehelpful

Make equity first, then figure out what you need to tweak or change

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This happened to an NEP when I was a mid level associate. He turned down equity partnership bc his wife was dying and he was taking care of their kids. He left less than a year later with his book to another firm which offered him a better compensation package than our equity offer. I realize this isn’t directly responsive. I’m just trying to give you an example of a positive outcome I observed.

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I’ll add that I’ve been barely hanging on these past two years because remote work has allowed me to better manage family commitments and avoid travel for clients and conferences. But I’m starting to feel the pressure to travel more (more from clients than even my firm).

P2, would you recommend telling anyone at the firm or just quietly make adjustments as needed? It would eventually show up in my hours and originations may soften or plateau. So far no one at the firm knows my situation because I’ve been able to hang on so far…

If you have a mentor that you really trust, you might consider talking to them. Otherwise, I would just keep it to yourself.

likehelpful

If you are eligible, consider applying for FMLA for care. You can take it intermittently for family care obligations.

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