{ "media_type": "text", "post_content": "What would you do? Senior associate at AMLaw 100 firm - Practice group is leaving firm to join bigger arguably more prestigious firm. My current firm has offered to make me partner if I stay. Comp ends being about the same since new firm offers market comp and current firm is lower for starting partner. Become partner at current firm or jump to bigger firm with partnership potential and maybe more money?", "post_id": "61ec101c49754c002cf16ee4", "reply_count": 15, "vote_count": 6, "bowl_id": "5df70ed2f7169f002b172d3f", "bowl_name": "Big Law", "feed_type": "bowl" }

What would you do? Senior associate at AMLaw 100 firm - Practice group is leaving firm to join bigger arguably more prestigious firm. My current firm has offered to make me partner if I stay. Comp ends being about the same since new firm offers market comp and current firm is lower for starting partner. Become partner at current firm or jump to bigger firm with partnership potential and maybe more money?

like
Posting as :
works at
You are currently posting as works at

Transfer if you like your group. It's tough building a new group from the ground up. Along with new clients.

like

I have been told by new firm they would put me up for partner next year but not sure I believe anything like that

like

This. Get it in writing. Had a somewhat similar choice of making partner now or following to a new firm, and new firm put partner look in the offer letter

like

My entire group lateraled several years ago. Our seniors all took different approaches. One was made partner in the move, one took a huge bonus and ultimately went in-house as planned, and another took a guarantee of being put up two years after we arrived. Worked out for everyone involved. I’d probably go if you could get the firm to put the one year offer in writing.

like

A few might stay if I stay but bulk of work would go with partners that are leaving

like

If you leave, what are the chances of making partner? I knew an 8th year who left with their group (was going to make partner that year), and had to wait 3 years at the new firm. This was for nonequity partner.

likehelpful

Hard to give advice without knowing the firms and groups (if you would like to disclose and get my objective advice, feel free to shoot me a DM) , but my gut is do not stay at a firm where a Partner is making less than associate market comp on the Cravath/Milbank scale. Again - I don’t know the particulars - but I’m hard pressed to think any good clients will be left for you to service once the group leaves. You’ll be a service partner for bottom of the barrel clients that don’t move because they don’t like the rate increase at the prestigious firm. Even if you decide to leave in 6 months because you don’t like the new digs, you won’t be seen as jumpy. Lateral moves with a group are not “lateral moves” (and should definitely be indicated as such on your resume).

likesmart

Is the practice group leaving across offices? Stay and make partner then see if the opportunity stands to join your group at the new firm as partner within a few years Or else see if you can negotiate a way to make partner at the new firm within a few years Everything is negotiable

like

Are you confident in your ability to develop a book of business on your own? When people make partner at an established group, you’re managing current clients while you have time to find your own.

like

Moving as a partner with no book is exponentially harder unless you want to go to a smaller firm.

like

Do you clients that will stay?

like

Guaranteed partnership definitely sounds tempting but it sounds like you only have a small book. If most of your group is leaving how confident are you that you’ll be able to develop your own book at current firm on your own? How much support do you think current firm will give? Is it going to be just “rah rah” support and you don’t get fired or are they going to aggressively cross sell you to their clients etc? I’d be wary of languishing as a non equity partner for a long time (or “equity” but never a true power player at the firm). Same questions for new firm too. Is the group that you’d be with going to be really supportive of you building your own book, handing you deals and clients etc? Agreed with specifically negotiate if/when you’ll be up for partner in writing and get a good understanding of like is this just they’ll “put you up” but who knows what will happen or is it a realistic proposition within 1-2 years. I’m leaning toward new firm for you, though. If you’re going to make as much as a senior associate at new firm as you are as a partner as current firm, well, the title is nice but money is king, don’t let them snooker you. The real money is down the line and will definitely be better at the bigger firm it sounds like, especially if you can make partner there.

like

I would stay and make partner

Is yours a practice that will leave when you leave or are they likely to need to replace in order to keep offering those services to clients (e.g. tax, immigration, trusts and estates)? There's (probably) something to be said for loyalty and institutional knowledge, as in if the firm needs to hire in laterals, there's a chance you'd be well positioned as a junior partner who knows how things are done at your firm and acting as a bridge between the old group and new group. I'd check to make sure your firm isn't going to ding you for not having a book of business right away if the outgoing partners are taking everyone with them. For the clients that stay, I think the firm could be grateful to leave them in your hands as a show of stability. It looks bad when a group leaves and goes elsewhere, try to use this to your advantage.

Related Posts

like

What does a knowledge management attorney at a big law firm do? Comp? Hours? Does KM essentially mean researcher?

like

What is the average bonus?

like

Is quantitative service salary lower than tax technology team in EY? Manger 1’s offer base is lower than Senior 3. I was surprised.EY

like

Investment Banking Associate salary at Credit Suisse NYC?

like

Have an offer from Deloitte doing the exact same thing I do at KPMG for 45% more. Partners at KPMG have basically told me they can get close to matching but not until raises happen in October. Should I trust them or jump? Worried about having to build an internal network from scratch at Deloitte but also worried about getting screwed in October and getting like a 10% raise only. M2 if it matters. Thoughts?

likesmarthelpful

Living frugally, how much can I save at a salary of 75k CAD in Toronto. Any insights on expenses will be very helpful.

like

Hello, What is the average salary for a data integration consultant with 3 YOE ? Thanks !

What should be the salary for 10 yr experienced cyber security architect professional with both infra + cloud experience as well. I am currently serving notice want to understand target salary??

like

For those 25 year olds making 160k or other high salaries...how?

like

Looking to switch into production. Any insight on salary for entry level agency producer roles?

12 yoe, Azure architect, current CTC 21 lpa . For last 9 years in TCS only. Had two onsite in past with steady growth. Got an offer of 33 LPA fixed from Deloitte. Should I switch or continue in TCS ? Appreciate suggestions from the senior members please.

like

Hi EY fishes.. Salary credited for you of Feb month...? Please respond EY

like

Anyone at Fragomen willing to provide some insight? Culture, comp, WLB, growth, expectations, etc.? NYC

like

Mid year salary revision thread: please post your level, offering portfolio, year at level, old base, new base, percent hike, happy/not happy

like

Anyone have regrets taking a pay cut to go in-house? I am a pretty junior attorney (2 years in big law) and have the opportunity to go in house at a large company (Fortune 25). However, pay is on the low end for Associate Counsel. Is a 60K+ pay cut (including bonus and RSUs) worth it for the growth potential? Maybe for the chance to move to a FAANG one day? My would-be department/area is very transferable.

like

What is the starting salary for staffs at the big four now a days?

like

What is a competitive salary for a first year assistant manager in an upscale restaurant? 7 YEO in bartending/serving.

V. annoyed by Milbank's and Cravath's bonus numbers. Our bill rates went up this year- bonuses should as well. We're potentially getting lower total comp, esp without 2018's summer bonuses. Not happy.

like

Additional Posts

Make sure your hard work is protected. File or register with the U.S. Patent and Trademark Office or U.S. Copyright Office before it's too late. Complete our easy questionnaire and we'll help you quickly submit your application. Use your INNOVATOR code for 10% OFF.*

Not seeing any other posts!

Bhh d hhjjj dudjejr the jejune rhjejej. Jdjdjdn dhejejjdne dhejejjdne hehehehehje rhjejej he hehehehehje rhjejej

like

Not crashing anymore.

like

Bbdjdndjdjgsjdjcbbdbxndbdbcghsbxhdbdbbxbbdbdbbdbdhxhdbbdbxjdbxbhebsbxb dbdbdbd Bebe the. Dbdbdbd sehsbevshdvhdbdbdbdbdd dbhsbvdbdvdvdbvduchhcbd dbhsbvdbdvdvdbvduchhcbd and I have love you so too but I

like

test on 1.1.5!

like

New posts and

When the client does in-house implementation because it’s cheaper

Post Photo
funnylike

Somewhat new to Deloitte S&A from after a year in industry domain so I’m learning what consulting is. I feel a lot of what people expect of me is to engage in meaningless management speak and create flows and endlessly flesh out ideas that are beyond necessary imo. Sometimes i feel like we are looking for gap/weakness that aren’t there and aren’t worth looking into. Is this just me ? Does it get better with time ? When does the real work start lol

likefunnyhelpful

Recently, I got an offer from BCG Platinion, Nordic office and was wondering whether it is a good option. I asked their manager in Nordic office whether consultants at Platinion will be treated as second-class, he said that it was more frequently happening in Germany and much better in Nordic countries. They usually work with BCG classic together. As the team in Nordic countries is quite small and lack of consultants, he doesn't feel like being mistreated. Any insights on Plation in Nordics?

like

What’s a question you could ask in an interview to determine a candidate’s grit and whether they are willing to put in the work to succeed?

like

What household income would you need to be comfortable buying an 800k house? Assuming no other debt. Know there are many other factors besides HHI, just taking the temperature here

likehelpful

Survey: ONLY age & salary!

like

Best "Consultant Speak" sentence you've hated yourself for saying /typing?

likefunnyupliftinghelpful

For people who have recently completed the recruiter call at Boston Consulting Group, how long did you have to wait until you got told you are on to the next round?

like

Started in DC, caught NYC flight, put on hold midair, sent back to DC, can't land cause 'can't find airstrip', low on fuel, 'let's try diff airport', land further south than when you woke up...#delta

like

TFW you overhear "functional areas" as you're walking through a bar...I found a consultant!

like

Consulting words I hate! Please chime in #consultingcringe. 1) expectations 2) align 3) resource 4) manage 5) harmonize 6) offline

like

Boston Consulting Group what is the perception of the Knowledge team within BCG? What do they do there? Is it worth leaving big 4 Consulting to pursue a Knowledge Analyst role?

like

Do you prefer Starwood or Marriott and why? I have roughly half points in both but thinking of focusing on one now.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal