Tag Archives: Making partner

Profitability, Not Size of Book, is Key to Lateral Partner Success

The size of the candidate’s book of business is not the controlling factor in determining the success of a lateral partner hire; rather, profitability is the key concern. A $5million book of business is not worth the same to every law firm’s bottom line, and the calculation depends upon several factors. The true value of…
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The Right Stuff

Do you have the right stuff to make partner? At the top firms, studies show that associates who join right out of law school have a 10% chance of making partner at their firm; lateral associates have a 17% chance. Nearly ¾ of all associates leave the first firm they join after law school graduation,…
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What Associates Want

Beyond good pay, interesting work, and reasonable hours, what does it take to keep associates happy? According to the National Association for Law Placement (NALP), approximately 43% of associates will change jobs within their first three years of practice. Many of those who leave are looking for a place where they believe they can make…
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Partnership Pursuit Begins Day One

The partnership track at most major law firms is seven to ten years long, and wise associates will make use of the entire time to position themselves for the nod. Making a concerted effort during the last year or two may be too little, too late. At the beginning of an associate's career, the top…
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