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I joined KGS in feb 2022, we recently got a mail regarding timeline of appraisal and bonus payout from the partner. My reporting manager hasn't yet reached out to me regarding goal setting, not sure if that happens here. Can you pls help me to know what all things we need to do from our end for the appraisal cycle and bonus payout? Since I'm new to this company KPMG KPMG India
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Quit quit quitttttyyyy time!
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Im still at a firm ('20) and have no internet in partnership. There isn't a single big law partner who i can point to and say "yeah, I want that life." Im chilling billing my 1950 hours but not really looking to build a book. Ill probably start shopping for in house soon and try to make the jump after my next bonus is paid
My experience is that you don't have to make the decision at a certain time, at least in some firms. We have counsel roles and about 40% of our partner promotions were counsel first, the rest promoted from associate. And being a partner does not mean you can't go in-house.... I'd talk with partners in your firm who you feel you can be open with, about what they like best about being a partner. How do their reasons resonate with you? If you feel like you'll have to invest more time in work than you want to in order to make partner, I'd say it's not for you because you will invest the same amount of time or more in work once you do make partner. It does not get easier. But if you are a career-focused person, no job is going to be "easy" because you will put lots of effort into it. I've been a partner for 25+ years in a top 15 firm and never regretted it, but appreciated all the other opportunities that would be available if I wanted to do something different.
Have you considered the counsel path?
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A2, as someone who has voluntarily remained in a counsel role for the last 4 years (despite repeated efforts to put me up for partner), I highly enjoy it. It allows for a higher level of practice and autonomy, without some of the burdens that come with partnership. I'll also say, I have 0 interest in equity partnership and have found that many firms have an "up or out" philosophy (i.e. if you transition into an NEP role, there's an expectation you do what it takes to make equity or leave after a few years). Counsel roles, by contrast, can be a sustainable long-term way to make good money doing good work without the BD pressures, politics, etc.