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Mentor
A5, I respectfully disagree that the advancement process is arbitrary, at least at any serious law firm. To advance you need skills and a profitable practice. If you have those things you advance. If not, you don’t.
Mentor network is practically non-existent. I work with the principal rainmaker in the group, but I have no faith he is going to stick around for all the years necessary for partnership and I’m not sure what his plans would be for me in such an event either. On top of that, he hogs most of my time which makes it difficult to network out (especially as other partners seem to get the hint that I am his “property”). I generally don’t trust much of anything. And that being said I probably get more client exposure than most others in my practice. But all of this hinges on what the practice will look like post covid and further into the future.
I just think there’s a huge game of chance you have to account for in this game. I’m not sure I care to become partner and playing this game for the next half a decade or maybe even longer for the next gen of partners (not sure how many partners will even retire to open up space, given they are in their 50s) seems absolutely exhausting.
A hero of mine once said, “friends, family, religion, these are the demons you must slay to be successful in big law”
Coach
Lateraling in from a V10.
Nepotism
Not having a life.....#salty
A shiny, gold plated, supa thick book of business
Sponsorship by other partners.
Spend 10 years playing an extremely arbitrary, competitive and chance based game.
Be like Trial Lawyer 1
TL1 coming in hot
Money. Bring in lots of cash via client/matter originations, client management, and lots of billable hours.
Creating a book of business.
That's a huge question with an extensive answer but there are three things you should be doing:
1) Create visibility and becoming known as an authority in the field of law that you practice and to the people in your niche
2) Meet people – whether in person or virtually – who want or need your services or who know people who want or need your services;
and
3) Create Relationships in which you are the obvious choice to help them
If you are interested, I am offering a no-obligation, no sales pitch, no bullshit, free Rainmaking Training & Coaching session. If you want to, feel free to make an appointment at your convenience https://bit.ly/the-rain-maker
Coach
Giving up everything else in life
$10M in business
Wanting it badly enough to do what it takes to get it. Many people decide - not unreasonably - that the compromises aren’t worth it. But if it is worth it to you, go in guns blazing.
Mentor
Why do you want to be a partner at a V30 firm?
I want to be partner at a V10 but I wanted to keep the question more generally applicable
Being indispensable to a general counsel’s office or a senior partner with the clout to make you partner.
Being fine sleeping ~5 hours a night (on average) for the rest of your working life
I really think it just depends on what kind of partner and how hands on. This partner seems to really believe his job now is to bring in business. Rarely touches documents or any work unless absolutely necessary and I’ve had to repeatedly be the only associate (or accompanied by a senior) on calls where we have had other partners on.
Other partners his age seem much more hands on and need to constantly be a presence in everything.
Junior partner life seems hella stressful tho. It really has turned me away from wanting to gun for those positions. Find it hard to justify the money v time.
Win cases
. . . the ability to grow into a smug middle-aged white guy.
Equity or nonequity?non equity doesn’t really count