Play your cards right. Know when to hold ‘em, know when to fold ‘em.

The economy is strong. Law firms are desperatefor talent and there has never been a tighter job market. You never know when someone may ask you if you would like to work for them.

Play your cards right. Know when to hold ‘em, know when to fold ‘em.

Get it right, be prepared to answer the question, “What are your salary requirements?” When valuing your worth know this. It is not about your experience or your previous salary. What it’s really all about what you bring to the table.

The top law firms are competing for the top talent and the candidates know it.

“My job as a recruiter is a balancing act. I have to find the right talent for my client and negotiate the right salary for the candidate as well. It has to work for both sides,” Shari Davidson – President of On Balance Search Consultants. It really gets down to finding the perfect fit for both the candidate and the law firm.

Don’t think that you’re immune to the new laws regarding disclosing your salary history. Think again. Invariably it gets down to what your number is.

When asked about your salary expectations, have a well-thought-out answer. Learn as much as possible about the position. Know your value in your market and work with a legal recruiter who has insider information about the firms and practices you would like to work for.

Do your research.
When coming up with a salary range, qualify the low-end number with other compensation. Such as benefits, path to partnership at the firm and a flexible work schedule. If that is important. Always give your high number first. Justify your worth based on your experience, education and skill set. Your base number should be what you are willing to take.

Time is money. 
Law firms and recruiters use smart technology and data to weed out candidates. When the offer is on the table, don’t dilly dally. Be respectful and get your answer quickly to the firm. You don’t want to burn bridges at the offer level.

Be true to thy self.
If you don’t feel the firm is right for you. Just say no. You’ve got to know when to hold ’em , know when to fold ’em  . . .

Play your cards right and you are off to a good start to negotiating the best offer.

 

About On Balance Search Consultants
On Balance offers great insight and industry intelligence. Shari Davidson, president of On Balance Search Consultants, advises law firms on how to take a firm to the next level and helps rising talent make the transition to the right law firm.

Contact us today. Call 516.731.4300 or visit our website at https://www.onbalancesearch.com

Please note that the content of this blog does not constitute legal advice and is only intended for the educational purpose of the reader. Please consult your legal counsel for specifics regarding your specific circumstances and the laws in your states pertaining to social media and any legal restrictions regarding the law.

 

Confessions of a Legal Recruiter: Are You in a Career Coma?

Do you find yourself unresponsive to the world around you? Nothing seems to phase you, and you are numb to the painful reality that you’re stuck in a dead-end job. There is no secret recipe for a curing a  career coma. What you can do is start taking charge of your situation.

Article originally ran in Above the Law, January 31, 2018.

Article originally ran in Above the Law, January 31, 2018.

 

“What would you do if you were stuck in one place and every day was exactly the same, and nothing that you did mattered?” — Broadcast TV Weatherman Phil Connors is assigned to cover the annual Groundhog Day in Punxsutawney, PA. Played by actor / comedian Bill Murray. Phil finds himself caught in an infinite time loop, repeating the same day over and over again.

Okay, campers. Rise and shine. It’s Groundhog Day! 
Do you find yourself just going through the motions at work? Clocking in and clocking out, without truly investing your time? Author and Executive Coach Anne Marie Segal, “Given the risk-averse tendencies of most lawyers, coupled with demanding workloads, the concept of proactively creating a career path can be difficult to entertain. Yet if we do not drive our own careers, we are often driven down backroads and dead-ends that lead nowhere we wanted to go.”

Do you find yourself unresponsive to the world around you? Nothing seems to phase you, and you are numb to the painful reality that you’re stuck in a dead-end job. “Without a proactive strategy you very well may lose sight of your goals and find that your job is no longer fulfilling. Suddenly you realize that your career is way off track”  — Shari Davidson, Top Legal Recruiter.

Know the warning signs.

  • Churning out large amounts of work, with little thought. You are not working on deals, cases or projects that make a difference to the bottom line.
  • You have become immune to what’s going on at the office and suddenly are not invited to important meetings.
  • This self-induced coma has made you complacent, and you seldom take initiative to learn new skills. Your skill set is no longer relevant, and you now have limited options for advancement.
  • Your appetite for challenging work has waned, and you have little to no motivation to grow or change for the better. You’ve become risk adverse. You’ve lost your edge and fear change.
  • You no longer see opportunities, and you are leaving money on the table. You are lost and cannot see the way out.

Wake up! Try something new and get some professional help.

Lawyer Coach Anne Marie Segal, “You cannot get out of a career coma just by ‘thinking yourself’ out of it. Highly intelligent people tend to rely too much on their intellectual abilities to solve problems. This is not a problem that cannot be solved through brain power alone. In fact, that approach creates the same blind spots that led to a career coma in the first place.”

On Balance Legal Search, CEO Shari Davidson —  “There is no secret recipe for a curing a career coma. Every case is different. What you can do is start taking charge of your situation, which takes guts, expansive thinking and powerful contacts:

  • Guts — First, you need to find the courage to recognize and admit to the problems that are plaguing your career. Then you need to make the commitment to addressing the problems head on and following it through to completion.
  • Expansive Thinking — Second, accept that resolve and a commitment are not going to be enough. You’ve hit a wall and need to make some changes.  You no longer share the firm’s interests, values or career priorities.
    Instead, take time to understand who you are and what you want. Start thinking expansively, challenge yourself to re-engage and strategically find new solutions to reach the success you seek.
  • Contacts and Networking — Lastly, you need to associate yourself with others who can help you get out of your rut. Go outside your comfort zone and put yourself into new centers of influence to widen your circle of friends. Get new perspectives from your new social networks.”

“Take the time to figure out what you think of you.” — Michael F. Melcher, Author, The Creative Lawyer. Get out from behind your desk and out of your comfort zone. Join an exercise group or gym. Take on some pro bono cases in areas of interest. Join the board or a committee of a non-profit organization. Go on informational interviews. Finding out what legal recruiters or other career professionals can offer.

Talk to a professional to get some honest feedback and support. Make those powerful connections that will get your career back on track.

Download Anne Marie Segal’s Personal Value Proposition Worksheets from her book, Know Yourself, Grow Your Career: The Personal Value Proposition Workbook.And sign up for On Balance Search’s newsletter.

About On Balance Search Consultants

On Balance offers great insight and industry intelligence. Shari Davidson, president of On Balance Search Consultants, advises law firms on how to take a firm to the next level and helps rising talent make the transition to the right law firm.

Contact us today.  Call 516.731.4300 or visit our website at https://www.onbalancesearch.com. Please note that the content of this blog does not constitute legal advice and is only intended for the educational purpose of the reader.  Please consult your legal counsel for specifics regarding your specific circumstances and the laws in your states pertaining to social media and any legal restrictions regarding the law.

Confessions of a Legal Recruiter: Negotiating The Best Deal

New Regulation Makes Disclosure Of Compensation Unlawful Discrimination.
Confessions of a Legal Recruiter TM .001

The new labor law is to go into effect the 1st of November here in New York City.  Similar laws have passed in Massachusetts, Pennsylvania, Illinois and California to name a few. The law’s intent is to eliminate inequitable compensation based on gender, age or other biases. This new law amends Fair Labor Standards Act of 1938, making it unlawful to base offers on past compensation.

No longer can an employer ask about a candidate’s past salary, income or compensation.

Hire a recruiter to negotiate the best deal. It’s really a no brainer. You really want a top recruiter to get in there and negotiate the best terms. Here’s why:

Time & Energy

If you are open and forthright about your salary and compensation goals with your recruiter from the onset, you will save you time and energy. Disclosing your compensation and realistic expectations will help ensure the candidate’s and client’s salary expectations are in alignment.

Marketplace Intelligence

Recruiters know the market and what competing firm’s offerings. They have an extensive network to get inside information on what firms are looking for. Knowing the marketplace helps recruiters steer you clear of the firms that are merging or going under.

Create A Compelling Case

Be prepared. Work with a recruiter to strategically best present you. A good recruiter helps define the true value of your skill set and how uniquely qualified you are. Let them create a compelling narrative of how your past wins and successes contributed to the bottom line of the firm. And how you will help increase the overall profitability of the firm.

“On Balance Search Consultants has successfully put clients and candidates together. The new partnership produce added revenue streams and elevated positions in securing new business.” — Shari Davidson, President On Balance Search Consultants.

Calculate the risk. Try not to disclose your past compensation. There may be times that your back will be up against the wall and you will have to disclose your past salary and future expectations. As in the courtroom you’ve got to assess your case. Is this the best deal? Do we to press for more money or pass on the deal? Let’s make sure you don’t miss out on a real career opportunity.

Leverage net worth. Don’t risk undervaluing or overestimating your worth. Every firm has a top and bottom line. Know what you can ask for and what’s unreasonable. Never commit yourself to a specific figure before you have a better understanding of the position requirements and the firm’s expectations.

Weigh The Intangibles

Remember the negotiation is not just about compensation. There are benefits and other intangibles that can be desirable. There are many forms of remuneration. For some the best offer may be having the flexibility to strike more balance between their personal and professional lives.

Think About It

Consider the offer carefully. Cover all the angles, then talk to your recruiter to decide whether you want to accept or make a reasonable counteroffer. Trust that when your recruiter tells you. It’s a good deal. Then sign on. When they tell you to pass, turn the deal down.

About On Balance Search Consultants

On Balance offers great insight and industry intelligence. Shari Davidson, president of On Balance Search Consultants, advises law firms on how to take a firm to the next level and helps rising talent make the transition to the right law firm.

Contact us today.  Call 516.731.4300 or visit our website at https://www.onbalancesearch.com

Please note that the content of this blog does not constitute legal advice and is only intended for the educational purpose of the reader. Please consult your legal counsel for specifics regarding your specific circumstances and the laws in your states pertaining to social media and any legal restrictions regarding the law.

Seal The Deal, Get To What’s Really Important

A great recruiter get’s to what is most important to the candidate and then seals the deal.

During negotiations many top prospects are lost by not providing the right incentives to seal the deal. There are lots of qualified candidates out there, you need to get the deal done before someone sneaks in and steals the position out from under you.

Seal The Deal

Most law firms make the mistake of looking for a specific set of skills and experience, turning a blind eye to any profiles that fall outside the lines of a pre-determined list of qualifications. Just because everything looks good on paper, doesn’t necessarily equate to a good fit. Work with a recruiter who can read between the lines. A savvy recruiter realizes that important information about the position such as the firm’s culture and the critical requirement must be properly communicated.

A law firm’s best talent can’t always be found in its backyard. Firms are faced with the challenge of finding talent with specialized skills and experience. That’s why today, more and more law firms are looking to broaden their searches.  

Law firms want the best talent and looking for creative ways to bring on the right candidate. It’s important to have all the tools necessary to secure the very best. That’s why legal recruiters and law firms strategies for sourcing top talent needs to be innovative. Relocating a rainmaker from outside the area is one such solution.  

A strong relocating benefit allows recruiters to search for talent outside of the law firm’s region to bring in new blood, that can take the firm to the next level. Relocation is a win-win for high profile candidates and the law firm. (See States That Have Reciprocity)

Recruiting is a creative and intuitive process. A good recruiter spends time getting to know what is important from the candidate’s point-of-view and the law firm’s perspective.  You’ve got to get it right, to seal the deal.

About On Balance Search Consultants
On Balance offers great insight and industry intelligence. Shari Davidson, President of On Balance Search Consultants, advises law firms on how to take a firm to the next level and helps rising talent make the transition to the right law firm. We pride ourselves in understanding our clients and candidate’s needs. On Balance has an outstanding track record placing strong candidates with high retention rates.

Please note that the content of this blog does not constitute legal advice and is only intended for the educational purpose of the reader. Please consult your legal counsel for specifics regarding your specific circumstances and the laws in your states pertaining to social media, legal recruiting and any legal restrictions regarding the law.

To contact Shari Davidson: info@OnBalanceSearch.com  or 516-731-3400.

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The Kiss of Death Question: For Lawyers

The Kiss of Death Question: Tell me about yourself

The Kiss of Death Question: For Lawyers

Definitely do not say these four answers while vying for a senior executive position.

The First.
You’ll hear this at almost every interview you go to in your life. It should be an easy question. Are you sure? Maybe you haven’t interviewed in a while. It’s more of a statement than a question, though.

Question/Statement: Tell me about yourself.

Do not answer: Well, after work, I go home and I play with my five cats until sundown.

Nothing against cats, but the interview does not want to hear about your conglomerate of cats and cat toys.

The Second.
This is another pretty popular question.  A skilled recruiter is going to ask this one for sure.

Question: What is your biggest weakness?

Do not answer: Pecan pie. It’s a guilty pleasure of mine.

Although humor can be a good way to show you’re a good person to have in the office, the recruiter does not care about your eating habits, let alone your cats.

The Third.
This question is bound to come up, so make sure you know your stuff front and back. Like most other interview questions it is less about what you really do and more about what you can bring to the table.

Question: What can you tell me about your past experience at so and so?

Do not answer: I really liked my job at so and so, but the people were just so boring and the boss came in with crocs on every day.

You may not have liked the people that you worked with, but your boss’s fashion sense is definitely not a professional reason for your departure.

The Fourth.
The last question is not unlike the others, but may take a little bit more thought and research into the industry, the company, and your own experience to find the right answer.

Question: What kind of salary are you looking for?

Do not answer: Whatever will help me keep up my mysterious lifestyle.

Giving a vague answer is often times a good response to this question but certainly not this one.

These answers may seem silly, but the questions are no joke.  In order to be successful at any job interview you need to be able to formulate the correct answers to these and many other questions.

Give us a call at 516.731.3400 and we’ll coach you on the right responses to these questions. Fill out our brief questionnaire and we’ll get started.

About On Balance Search Consultants
On Balance offers great insight and industry intelligence.  Shari Davidson, president of On Balance Search Consultants, advises law firms on how to take a firm to the next level and helps rising talent make the transition to the right law firm. We pride ourselves in understanding our clients and candidate’s needs, On Balance has an outstanding track record placing strong candidates with high retention rates.

Please note that the content of this blog does not constitute legal advice and is only intended for the educational purpose of the reader.  Please consult your legal counsel for specifics regarding your specific circumstances and the laws in your states pertaining to social media, legal recruiting and any legal restrictions regarding the law.

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Are You A Leader or A Follower?

Are You A Leader or A Follower?

Are You A Leader or A Follower?

Top Interview Questions from a Legal Recruiter. 

What makes you the best for the job? A list of the top 10 not only the frequent, but also the toughest questions asked in a legal recruiting interview.

It is always important to know what questions you may be asked in an interview, but it is often times best to know yourself as well. Knowing what makes you the best fit for any law firm increases your chances of finding the right fit. Below are the ten toughest and most thoughtful questions to keep in mind while vying for a spot for partner and how to your answers are interpreted.

1. Are you a leader or a follower?
If your actions inspire others to dream more, learn more, do more and become more, you are a leader.” —John Quincy Adams

Now, be careful, don’t jump jump the gun. There are lots of generals out there, not too many soldiers to win the day. Carefully craft you response demonstrating how critical being a team player is to any successful firm from your leadership that proved necessary to overcome and win the case.

2. How have you changed in the last five years?

This is where the “knowing yourself” part comes in. This can be thought of more as a “how have you improved?” question. For instance, perhaps you lost a case. There is no shame in admitting a loss. It won’t harm you, rather, if you can bend the loss into a situation that you learned from, making you a better lawyer or legal worker, speak bounds about it.

3. Tell me about a time when you felt that you dealt with a situation inadequately, and how has that changed how you would approach the same situation?

This is a tough one, who can honestly say they have won every case? Present your evidence to the jury, what was brought up during discovery. Evidence was not admitted, testimonies were found not credible. It’s more about how the outcome changed you and what drives you as a person. Articulate your philosophical and fundamental over reaching principals that you bring to the table.

4. If offered the position, how long do you plan to stay at this firm?

Why should I hire you? Tell me why you want to work here? Why this firm is a perfect fit for me. Do your homework and prove to me that feel this firm is where you want to be, that this is you new home and you’re in for better or worse.

5. If you did not have to work what would you do?

How you spend your time speaks volumes about what type of person you are. Be honest, it’s all about how you approach your day at the golf course. What you do on the course reveals what kind of person you are, what drives you and what’s important to you. Increase your value proposition here.

6. What do you think about the principle of Legal Aid? Should clients have to pay for services they use in all circumstances?

Does the firm do any pro bono work? Why not? Isn’t corporate social responsibility the new norm? Tell me a story about how you changed someone’s life, how you made a difference and how the firm profited from your efforts.

7. What are the three main attributes for a successful partner?

What are your strengths, what has got you to where you are today. Perhaps it’s your ability to pick a jury well. Settling out of court, or how you treat your clients and associates. That winning way that has served you so well. Speak on what you know and how it has helped you succeed.

8. Would you be willing to branch out into any other area of law, if the firm priorities changed?

What this question is getting at is how you adapt to change. Tell me about how you turned a crisis into an opportunity. Offer up success stories where you worked with legal specialists outside of your area of law. Give me something that makes me feel confident that you always get the job done, whatever it takes.

9. In your view, what are the major problems/opportunities facing the legal industry?

Nobody likes a downer, think about challenges the legal profession is up against. Embrace the hard realities of your industry, then tell me how you turned these obstacles into opportunities.

10. What sort of activities are you interested in outside of work?

In other words, tell me about who you are and what type of a person are you? 

  • Shared meals: What does this say about you? Are you selfish or just social?
  • Volunteering: Why is this cause important to you?
  • Physical fitness? Are you more relaxed at work? Does being healthy translate into a better lawyer?

Prepare for unexpected questions knowing full well that there is going to be a question you never hear of before. Don’t just react, take a moment to compose your response. Buy yourself some time, ask a few questions to formulate your answer. Don’t compromise, let’s find you a firm that shares your values and where you will excel.

Click here for a complete list of the top 50 interview questions.

 

Contact us today.  Call 516.731.4300 or visit our website at https://www.onbalancesearch.com.  Opt in for tips and updates from On Balance Search consultants.

Please note that the content of this blog does not constitute legal advice and is only intended for the educational purpose of the reader.  Please consult your legal counsel for specifics regarding your specific circumstances and the laws in your states pertaining to social media, legal recruiting and any legal restrictions regarding the law.

 

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Big Law: Wage Caps, the New Wage Gap

The New Wage Gap

Changing compensation, what you should consider?

Becoming an attorney takes years, thousands of dollars, and a lot of stress. Every one of your colleagues has gone through that struggle, passed the bar and are applying at the same firms that you are. But not everyone is equal. They didn’t attend the same universities or get the same grades in their classes, so should you be paid the same amount for your effort?

How should associates be compensated? Most of Big Law is paying associates in lockstep compensation. Some of the largest firms, including Cravath, Swain & Moore, have increased starting salaries at $180k in the first year and increasing to $350K in the eighth year. These salaries are solely based upon graduation year and do not take into account merit. This does not mean, however bonuses are not available based on hard work and success.

Cooley and Associates has begun to break away from the lockstep compensation model, compensating top talent lawyers competitively and exceeding the pay scales set from the lockstep model. Cooley and Associates, “success in our profession is wholly dependent upon attracting and retaining the best and brightest attorneys.”

It’s damn competitive out there and it’s not going to get any easier, and yet most millennials share a common belief that they must achieve balance in their personal and professional careers. And law firms are becoming more open to the fact that when attorneys take paid time off, “they really want to unplug,” said Lacy Durham, the chair of the American Bar Association’s Young Lawyers Division. In order to retain the best, firms are offering some perks like time off and a flexible work model in lieu of big bonuses.

In order to earn appropriate compensation, you will need to know if earning your salary based on a scale or merit based compensation will be better for you. Working with a reliable and knowledgeable legal recruiter will allow you to land a position at the firm that you both belong with and will compensate you appropriately to your knowledge and skill level.

About On Balance Search Consultants
On Balance offers great insight and industry intelligence. Shari Davidson, president of On Balance Search Consultants, advises law firms on how to take a firm to the next level and helps rising talent make the transition to the right law firm. We pride ourselves in understanding our clients and candidate’s needs, On Balance has an outstanding track record placing strong candidates with high retention rates.

Contact us today. Call 516.731.4300 or visit our website at https://www.onbalancesearch.com

Please note that the content of this blog does not constitute legal advice and is only intended for the educational purpose of the reader. Please consult your legal counsel for specifics regarding your specific circumstances and the laws in your states pertaining to social media, legal recruiting and any legal restrictions regarding the law.

Sources:

Lat, D. (2016, June 6). Breaking: NY To $180K!!! Cravath Raises Associate Base Salaries!!! Retrieved July 9, 2016, from http://abovethelaw.com/2016/06/breaking-ny-to-180k-cravath-raises-associate-base-salaries/?rf=1.

Lat, D. (2016, January 28). Associate Bonus Watch: ‘Very Satisfying’ Bonuses — Plus A Pay Scale Overhaul. Retrieved July 10, 2016, from http://abovethelaw.com/2016/01/associate-bonus-watch-very-satisfying-bonuses-plus-a-pay-scale-overhaul/?rf=1

Lockstep Compensation. (n.d.). Retrieved July 10, 2016, from https://en.wikipedia.org/wiki/Lockstep_compensation.

Rubino, K. (June 18, 2016). Biglaw Firm Bumps Salary To Attract And Retain The ‘Best And Brightest Attorneys’. Above the Law.

Zaretsky, S. (2016, June 13). The Final Countdown: Which Firms Have Raised Salaries? Retrieved July 9, 2016, from http://abovethelaw.com/2016/06/salary-wars-scorecard-which-firms-have-announced-raises/?utm_campaign=ATL Bonus Alert

Wolf, A. (September 17, 2015). 4 Ways Millennials Are Changing BigLaw. Law360.

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Confessions of a Legal Recruiter: Don’t lie to me.

If you NOT going to be transparent when making the lateral move, don’t bother.

This is the third installment in an ongoing series, Confessions of a Legal Recruiter, Shari Davidson – On Balance Search Consultants. 

Don’t Lie to Me.
Give yourself the best chance of landing a position you want. When several important issues come up that you did not disclose from the on-set, it’s a red flag. What other issues did you not come clean with? Your credibility is important, right? Don’t waste your time, or everyone else’s, be honest. Get it right. Good recruiters have all parties’ best interests covered. Let’s get off to a good start.

I can’t work with you.
You have sent your resume to practically every law firm in the area, big mistake. You’ve watered down your value in the marketplace. The perception is that there is something wrong with this candidate. Why did you send your resume for a position that you are not even qualified to be considered?

Why are you looking?
Never make the lateral move for more money. The best recruiters separate the wheat from the chaff, strategically aligning the interests of the candidate with the right firm.

Work with me.
Good recruiters have solid, strong relationships built over many years of protecting both the interests of the firms as well as the candidates placed. Shari Davidson, President — On Balance Search Consultants, “When working with a potential candidate I strategically align myself with the candidate to find a new home that matches the candidate’s goals. This could include a larger platform of practice areas, or geographic locations or even a better work environment. I continually keep in touch with my candidates to:

1. Help them grow their business;
2. Share trends in the legal profession;
3. Share professional networking opportunities and CLE programs.”

Integrity, credibility, honesty.
The best recruiters are on the pulse of what’s going on, head hunters are on the phone with 50 to 200 firms a week and are mixing it up with the movers and shakers who open doors. Find a well-regarded legal recruiter who has a solid reputation for protecting their candidates and firms.

 

About On Balance Search Consultants
On Balance offers great insight and industry intelligence. Shari Davidson, president of On Balance Search Consultants, advises law firms on how to take a firm to the next level and helps rising talent make the transition to the right law firm. We pride ourselves in understanding our clients and candidate’s needs, On Balance has an outstanding track record placing strong candidates with high retention rates.

Contact us today. Call 516.731.4300 or visit our website at https://www.onbalancesearch.com

Please note that the content of this blog does not constitute legal advice and is only intended for the educational purpose of the reader. Please consult your legal counsel for specifics regarding your specific circumstances and the laws in your states pertaining to social media, legal recruiting and any legal restrictions regarding the law.

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Should I stay or should I go? The Pros and Cons of working for Big Law

Should I stay or should I go? The Pros and Cons of working for Big Law

SOLOPRENEUR
Who doesn’t like to be their own boss? When you work for yourself you make all the rules,you gotta love that. As a small law firm there aren’t layers and layers of management to approve changes. Small firms usually have a good work-life balance which means their office has a more relaxed atmosphere.

Being the boss is a twenty-four / seven  365 days a year job. Health insurance, self-employment tax, and income tax will eat you alive. You become a slave to your business, you wear all the hats.  Sure you can outsource some of the work, but if anything goes wrong, you own it.  Being a small firm means you have a limited budget, as such most of the administrative work and research is done by you.

Then there is malpractice, there is no safety net.

BIG LAW
Leverage the expansive network a big law firm offers. Keep your client’s dealings within the firm, often aspects of a case may require specialized legal expertise. Big firms retain specialists for that very reason.

Big firm’s today don’t focus on training or mentoring, it’s all about billable hours. All things being equal, there is ample opportunity to align yourself with colleagues who will help make you a better lawyer.

SOLO or PARTNER
Either track demands hours and hours of your time, it’s stressful. Big firms do offer paid vacation. Face it, if you’re not bringing in new business you can’t afford to take the time off anyway. Lawyers at the larger firms earn a respectable salary, and with that wage are high expectations. Measure up or you’re out the door.

Just because you’re billing hours means you’re safe, when you work for yourself or for a large firm, it can get nasty out there. Often your boss will take credit for your work. Solopreneurs face large firms trying to lure away your biggest account that keeps your boutique firm afloat.

Working for a big law means you report to several partners, it’s often difficult to discern the every changing, policies and procedures. Every boss wants things done a certain way, it can get damn confusing. Those who discern the bull from the business thrive, the world is your oyster.

Don’t get comfortable, it’s a highly competitive, demanding field.

About On Balance Search Consultants

On Balance offers great insight and industry intelligence.  Shari Davidson, president of On Balance Search Consultants, advises law firms on how to take a firm to the next level and helps rising talent make the transition to the right law firm. We pride ourselves in understanding our clients and candidate’s needs, On Balance has an outstanding track record placing strong candidates with high retention rates.

Contact us today.  Call 516.731.4300 or visit our website athttps://www.onbalancesearch.com

Please note that the content of this blog does not constitute legal advice and is only intended for the educational purpose of the reader.  Please consult your legal counsel for specifics regarding your specific circumstances and the laws in your states pertaining to social media, legal recruiting and any legal restrictions regarding the law.

Source:

Tobak, S. (August 19, 2014). 10 Pitfalls of Being Your Own Boss. Self-Employment, Entrepreneur.

MacMillan, K. (February 25, 2014). A Lawyer’s Guide to Working for Small vs. Large Law Firms – 36 Tips. R. Johnson Legal Recruitment.

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Women Making the Lateral Partner Move

Women Making the Lateral Partner Move

Women Making The Lateral Move

Making a lateral move is a big decision, it’s important for any one making the career more does it for the right reasons. Women, specially need to consider all the options before moving forward.  Men still dominate lateral equity partners within law firms.  If you are overlooked for partner, you may think about taking your portfolio of business down the street to another firm.

“It’s scary, it’s messy, and it’s a process. You’ve got to prepare, really get serious and objective about what you bring to the table. It’s the only way to ensure you find a firm that’s right for you,” Shari Davidson, President, On Balance Search Consultants.

Lateral Partner Process

  • If you are a partner at current firm. Read your agreement now.
  • Align yourself with a reputable recruiter.
  • Have a clear idea what the next career move will be and why.

For example:
Your next firm must have a robust marketing group to support you;
Offices located through-out the U.S. to service your clients;
A culture that allows you to be home for your children;
Or have specialized practice areas that will service your clients etc.

  • Research firms that are a good fit, your specialized skill-set must align with the firms strategic goals.
  • Make sure you have a current CV, Business plan and Representative Matters available.
  • Make sure you have accurate billing information for the past (3) three years (originations, billings, hourly rates, hours billed, realization rates, etc.).
  • Carefully have your recruiter query the interest level without releasing prospective lateral name or firm. If there is mutual interest. Set up meetings and keep the conversations going.
  • Once the above is done…allow the recruiter do their magic. A recruiter should be able to help you manage the process.  Setting up meetings, prepping and debriefing on each meeting, streamlining any materials – such as LPQ, compensation discussion and offer, prepping for resignation and most importantly be a sounding board for all concerns.

You may have to relocate, but thankfully there are some great law firms for women to work for. Here are some of the best firms for women to work for:

  1. Adelson Testan
  2. Fragomen Del Rey
  3. Fredrikson & Byron
  4. Hanson Bridgett
  5. Lewis Brisbois
  6. Pomerantz
  7. Cohen Milstein
  8. Best Best
  9. Ford & Harrison
  10. Shipman & Goodwin
  11. Verrill Dana
  12. Quarles & Brady
  13. Jackson Lewis
  14. Kutak Rock
  15. SmithAmundsen
  16. Nilan Johnson
  17. Ogletree Deakins
  18. Atkinson Andelson
  19. Wilson Elser
  20. Conrad O’Brien
  21. Shook Hardy
  22. Fennemore Craig
  23. McDermott Will
  24. Thacker Martinsek
  25. Bowman and Brooke

Know the early warning signs, if your firm starts laying staff off or there is an increase in attrition, it may be time to start looking. Making a lateral move will have impact your career, resist the initial temptation to make a move based solely on compensation. Consider all the factors, then don’t be shy, make it happen.

About On Balance Search Consultants

On Balance offers great insight and industry intelligence.  Shari Davidson, president of On Balance Search Consultants, advises law firms on how to take a firm to the next level and helps rising talent make the transition to the right law firm. We pride ourselves in understanding our clients and candidate’s needs, On Balance has an outstanding track record placing strong candidates with high retention rates.

Contact us today.  Call 516.731.4300 or visit our website athttps://www.onbalancesearch.com

Please note that the content of this blog does not constitute legal advice and is only intended for the educational purpose of the reader.  Please consult your legal counsel for specifics regarding your specific circumstances and the laws in your states pertaining to social media, legal recruiting and any legal restrictions regarding the law.

 

Sources:

Zaretsky, S. (February 27, 2014).  New Study Reveals Women Earn Much More Than Men In Biglaw (Just Kidding!). Above the Law.
Simpson, J. (April 19, 2015). The 100 Best Law Firms For Female Attorneys. Law360.
Deanarms. (June 9, 2015). Law Firms and Women Partners: Keeping Your Eye on the Prize. DailyKos.com.
Retrieved on May 11, 2016 from Attorney Search Group.com/Lateral Partner Process.

Photo Cred.