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: Funny Money

The Emerging Global Demand for FinTech Law

The Emerging Global Demand for FinTech Law

Article appeared in the September 26th, 2018 issue of Above The Law.

 

The financial services industry is being transformed by new technologies. Very few of us, lawyers included understand how virtual cryptocurrencies, blockchain as well as frictionless mobile banking work. Or how to leverage this technology nor grasp its potential to change the way we do business.

For law firms, now is the time to offer up their expertise and bring on the top talent for the next big legal opportunity in financial technology (FinTech). Many of the Am Law 200 firms have all ramped up their financial technology practices.

Make no mistake, this is the new game, few have an appetite to dive in. But for those who do, you’ve got to get how cryptocurrency works. Cryptocurrencies deal with fractions of currency.

Many of the middle market firms are beginning to work with Hedge firms. In this emerging new digital economy, FinTech is certain to be the next big trend. The smart firms are already on board. Don’t get left behind. 

Countless businesses are implementing this new means of raising capital — The Initial Coin Offering or (ICO). These currencies are highly volatile, the valuations can move dramatically overnight.

Cryptocurrencies integrated with technologies such as blockchain, are generating a wave of innovation.   Blockchain technology is being called the “next evolution” of computing by many experts. Many industries are moving towards blockchain technology including: Real Estate, Banking, Small Business, Insurance Providers, and even some world Governments.

What is Blockchain, how does it work?

Blockchain technology is not new, but it time has now arrived.  As a transaction occurs, it’s encoded into a block of digital data and signed or identified. Each block connects to the one before and after it — creating an irreversible, immutable chain.

What makes blockchain so sexy is that every financial transfer is guaranteed to be safe and secure. Blockchain represents an innovation in information registration and distribution. It eliminates the need for costly third parties, such as a bank, to verify the transaction or keep records of it.

With this explosive growth, new legal and regulatory issues in law are cropping up every day.

Initial Coin Offerings must follow all securities laws. Firms must file with the SEC regulations. All must provide investors with legal disclosure and compliance documentation. This is an exciting new field. Being on the cutting edge can prove to be profitable in the early stages and down the road.

“The demand for this new specialized field of law is rising all over the country” — Shari Davidson, CEO of OnBalance Search Consultants, “we can barely keep up with the needs for this new area of FinTech law.”

The lateral moves and cross industry practice groups have occurred amid a flood of headlines about virtual currency its value and future. Resulting in a flood of litigation and regulatory questions have risen.  The demand for law firms with FinTech expertise is expected to accelerate as the digital currency market matures.

For lawyers who want to get into this emerging new field of law. Top candidates must have expertise in emerging companies, venture capital and cybersecurity.

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.

Sharpen Your Pencil: The Lateral Partner Questionnaire (LPQ)

The LPQ or the lateral partner questionnaire is the most daunting step in the due diligence process for a partner moving to a new law firm. It’s an arduous task, don’t delay. Get it done.

Sharpen Your Pencil: The Lateral Partner Questionnaire (LPQ)

Be Honest & Thorough

Do not skip any sections. Do not be vague. Accurately detail any late taxes, bankruptcy, bar discipline, criminal history, malpractice, discrimination claims, and investigations. It’s very important to begin your relationship with your future partnership with integrity and open transparency. 

Most LPQs require a minimum of 2 years prior history, and some as much as 5 years. Pulling this information together can be a challenge. Here is a quick list of subjects you will likely address in written or verbal form:

Education

  • Bar Admissions
  • Courts
  • CLE’s

Compensation History & Future Expectations

  • Your current employer
  • Billable Hours Recorded
  • Standard Billing Rate
  • Average Billed Rate
  • Amount Billed
  • Amount Collected
  • Tax Returns
  • Bankruptcy
  • Portability of Clients

 

Previous Employer History

  • References and Reason(s) for Leaving
  • Discipline and Sanctions
  • Claims and Litigation
  • Criminal history
  • Malpractice Claims
  • Discrimination Claims
  • Government Investigations


Business Relationships

  • Professional Organizations
  • Board or Officer Positions
  • Pro Bono
  • Conflicts of Interest
  • Client Financial Situations
  • Restrictions / Limitations Based on Partnership Agreements


Value Proposition: Business Plan

Detail your business development plan addressing prospective clients and estimated revenues as well as non-client referral sources, unique skills sets and existing client base. Be sure to include any other information that is relevant or of value to the new partner candidacy.

Hire a Top Legal Recruiter

Don’t lie to me. Don’t inflate or overestimate your book of business. This is the quickest way to sour your new partnership. During due diligence or after being hired, more times than often any inaccuracies in your qualifications and past performance will come up. When time comes to cut back, you’ll be at the top of that list.  

Want to learn more ways to make it rain? Subscribe to our blog https://www.onbalancesearch.com/category/blog-page/.

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: Collaborate With Powerful Professionals To Grow Your Book Of Business

In our previous article, we discussed how Smart Rainmakers Just Don’t Network At the Bar Association.  You’ve got to network with the right group of people who can help grow your business. Once you’ve selected the right groups to network with, you’ve got to make the most of your time.

Confessions of a Legal Recruiter TM .001

Now that you’ve decided on the organizations you will network with, let’s talk about how to best leverage these powerful new connections. “Be honest about your skill set. You’ve have got to bring it when you’re out there networking. Better be prepared. Here are a few books I highly recommend you read to make it rain,”, said Legal Recruiter Shari Davidson of On Balance Search Consultants.

Consistently work on improving your skill set and at the same time get out there to further new relationships:

  1. Actively listen to your network by being more emotionally intelligent. 
  2. Measure up. Understand who is your audience and what moves them. 
  3. Follow the money. Assess the relationship’s potential for success. Will this connection lead to new leads or help you achieve your business goals? If not, move on! And be polite. You never know if that relationship may one day turn into a big payday.
  4. Nurture the relationship. How can you help them with their business or on a personal level?
  5. Prioritize. Determine which relationships have the potential to yield more business. Spend more time with those who will bring in the most business. Reciprocal relationships tend to the most profitable. Continuously look for new ways look for ways to further existing relationships that make money.

“There is nothing better than face-to-face networking. Having said that, integrating social media networking into your game plan helps save time and can make meetings so much more successful,” said Shari Davidson. LinkedIn is a great digital channel to    research and connect with other professionals. 

  • Establish yourself as an authority in your chosen field and create credibility as a leader in the category by regularly blogging through this powerful social media network. 
  • Research new business prospects and your competition.
  • Follow companies and industry leaders. 
  • Join powerful LinkedIn groups and start nurturing new relationships. 

Mind Your Manners 

Think about what you’re saying. Never post anything that you cannot defend or that may be potentially damaging to your reputation. And don’t just post about things that no one gives a hoot about. 

Substance and style. Less is typically more. On or off-line, carefully craft and curate your content. It’s not how much you post or share. It’s all about creating a substantive conversation with your core stakeholders. Be smart, savvy and strategic about what you say and who you talk to. 

Actions speak louder than words. 

There are ways that things get done, and there are simply things one should never say or do. Know the do’s and don’ts  . . . 

  • Arrive on time.
  • Dress appropriately.
  • While networking never eat or drink alone and don’t order before your guest arrives. 
  • Provide your mobile phone to keep in contact leading up to meet-ups.  
  • Remember to thank people for taking the time, for offering their insights and for returning your phone calls.  
  • Never “slam” your competitors, instead keep the conversation positive and focused on furthering the relationship. 
  • Let them do the talking, listen and thoughtfully contribute to the conversation. Less is more. 

And never, never, never have more than two drinks. Many professionals don’t drink at all. Eat before you go to a party or networking event. Most of the time the food is either detrimental to your diet plan, or you’ll be spending precious time waiting to get some food. 

Make the most of your time and start building that powerful network that will bring in more business. Make it rain!

Want to learn more ways to make it rain? Subscribe to our blog https://www.onbalancesearch.com/category/blog-page/.

In our next article, we will talk about, Creating a Powerful Mastermind Group to Make it Rain. 

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.

The Pros and Cons of Remote Work

Is Remote Work the Right Choice for You? by Sylvia Dahlby with permission from SmartSearch.com

Is Remote Work the Right Choice for You? by Sylvia Dahlby with permission from SmartSearch.com

 

Selecting to work remotely versus onsite at your employer should not be a decision made in haste. It takes a bit of introspection along with consideration of your lifestyle and workstyle. At first blush, working remotely may seem like a no-brainer, but there are, potentially, as many cons as there are pros.

Q: What factors do I need to consider?

Not everyone is self-motivated enough to work from home, or you may not feel comfortable working alone with little or no supervision. While the Internet, office intranets, and technology like teleconferencing support interaction and collaboration with remote coworkers, you may need in-person mentoring, or on-the-job training, or simply prefer the inter-office comradery and on-site visibility necessary to learn the business and foster career advancement opportunities. You may also need to be physically present if you manage others. There are many factors like these where you might want to consider working from home only part of the time, perhaps just one or two days a week, and spend more time in the office to better build and nurture professional relationships.

Q: What skills do I need to work from home?

You must be good at your job and already possess whatever skills are needed in your profession to succeed. You’ll need to be comfortable with technology to work remotely and communicate effectively with your associates, whether they’re in the next town or halfway around the World. In addition to proficiency in your job, working from home requires a lot of “soft skills” like dependability, responsibility, and ability to inspire confidence and trustworthiness in your management and co-workers.

Q: What else should I know about working from home?

Don’t try telework if you think working from home will enable you to look after your children or elderly parents/grandparents. While working from home can provide more flexibility and work/life balance, you will likely have regular hours that require you to be at your desk and available for coworkers, vendors or clients via email, phone or online. It takes discipline to stay focused on the job, a lot more so than when you’re physically in an office environment. It’s advisable to have a dedicated office space in your home, preferably with its own door so you can shut out the background noise, interruptions from family members, and focus on your job. Not everyone can limit the distractions that often happen when you work at home.

If possible, ask around. Find people who have a similar job to yours and get their insight on what it’s like to be a remote worker. Ask about the pros and cons, then determine if these align with your natural work style or if there will be potential obstacles to impede your performance.

Remote work is not a choice for everyone. Some people are very social and are more productive in an onsite workplace environment versus working remotely from home. So, before you jump to make the decision, please consider the points in this article and think objectively about your workstyle and what motivates you about your job.

Originally posted March 1, 2018 on smartsearchonline.com 

BYLINE: Sylvia Dahlby, Society for Human Resources Management (SHRM) Hawaii Chapter), an early adopter of working from home, and Rainmaker at SmartSearch applicant tracking software.

About SmartSearch

Since 1986, Advanced Personnel Systems, Inc. leads the way in the development and deployment of quality talent management and recruiting solutions. For over three decades APS, Inc., makers of SmartSearch talent acquisition and staffing management software, has been creating applicant tracking systems to streamline sourcing, recruiting and hiring in one easy-to-use solution. We help our clients recruit at the speed of life and stay ahead of the curve in the ever-changing recruitment landscape. www.smartsearchonline.com

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.

Making It Rain: Law Firm Business Development Strategic Plan

Take control of your practice. Put yourself in a position to attract and retain clients you admire and find challenging and interesting. Become less dependent on others to feed your pipeline.

Create a three-pronged approach [ Purpose, Strategy & Participation ] that leverages your transactional skills and business contacts to grow your client base.

Take control of your practice. Put yourself in a position to attract and retain clients you admire and find challenging and interesting. Become less dependent on others to feed your pipeline. Create a three-pronged approach [ Purpose, Strategy & Participation ] that leverages your transactional skills and business contacts to grow your client base.

Purpose 

Commit to marketing activities and prospects that are consistent with your area of expertise and best fit for bringing in new billings. Take the time to identify what your areas are opportunity markets and how to best acquire clients.

Your plan must establish you as a leader in your area of law. Become a leading authority on the policies and procedures that matter to the future direction of the firms you represent and plan on securing.

Strategy

It’s a known fact that 80% of all business comes from existing clients. Visit your top clients at their places of business each quarter or at least annually. Regularly set up a breakfast, lunch or dinner with clients, prospects or a referral sources. Be actively involved in a well-chosen organization and write articles, join committees of important interest to your client base.  Hold events for your client base; lectures, networking, community-based events etc.

Start networking and continually create authority and trust: 

WHERE TO NETWORK:

  • Focus on trade or industry organizations
  • Community or political alliances
  • Social or alumni groups
  • Client breakfasts, lunches, dinners and functions

CREATE AUTHORITY & TRUST

  • Regularly contribute to legal articles in leading publications.
  • Speaking engagement to industry groups.
  • Client seminars.
  • Teach at local university or college.
  • Sponsor (CLEs, Charity Events, Community Relations, etc.).
  • Publish monthly newsletter and or write a book.
  • Pro bono work.
  • Provide and or acquire ongoing training and professional development.

Participation & Accountability

Evaluate what is working, areas for opportunity and efforts that have not yielded results must be reworked or eliminated from the action plan. Review your progress every three months.

Here are a few guidelines to help you develop your individual marketing plan:

  • Play to Your Strengths and Personality.
  • Be Consistent with Firm Goals and Objectives.
  • Focus Your Attention – strategically in activities that will enhance your credentials and allow you to build relationships with key individuals. A plan helps you be more proactive and eliminates distractions.
  • Be Simple and Realistic And Achievable.
  • Be as Specific as Possible.
  • Motivate Yourself – do the things you need to do in order to achieve long-term success.
  • Change Over Time – Make adjustments as needed. 

Business development takes time, and it’s a necessary, ongoing process to create a continuous, constant flow of new business.

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.

Making It Rain: Top Ten Books Lawyers Must Read

After decades of advising and coaching some of the top rainmakers in law, legal recruiter Shari Davidson shares her top ten books every lawyer needs to read to make it in law. These must read books have paved the way to new opportunities, broken glass ceilings, revealed how to create an ideal career, rewrite the rules of the road, and helped rethink the way the world works in law today.

After decades of advising and coaching some of the top rainmakers in law, legal recruiter Shari Davidson shares her top ten books every lawyer needs to read to make it in law. These must read books have paved the way to new opportunities, broken glass ceilings, revealed how to create an ideal career, rewrite the rules of the road, and helped rethink the way the world works in law today.

  1. Influence, By Robert B. Cialdini – Dr. Robert Cialdini is the seminal expert in the rapidly expanding field of influence and persuasion. His thirty-five years of rigorous, evidence-based research along with a three-year program of study on what moves people to change behavior has resulted in this highly acclaimed book.
  2. Solution Selling, By Michael Bosworth – Solution Selling is the most comprehensive sales and sales management process available today. Mike Bosworth has the best understanding of sales process in corporate America.
  3. Never Eat Alone, Keith Ferrazzi – The youngest partner in Deloitte Consulting’s history and founder of the consulting company, Keith Ferrazzi shares his networking techniques from generic handshakes to tossing business cards like confetti.
  4. Spin Selling, By Neil Rackham – Developed from 12 years of research into 35,000 sales calls, SPIN–Situation, Problem, Implication, Need-payoff–is already in use by many of the world’s top sales forces.
  5. How To Win Friends And Influence People, By Dale Carnegie – Berkshire Hathaway CEO Warren Buffett credits Dale Carnegie’s teachings with transforming his life. The book’s main principles focus on persuading people through charm and confidence rather than aggression.
  6. The Art of The Business Lunch, Jay Robin – Learn the secret art of successful dining! What’s the one entree you should never order at a business lunch? Is it ever okay to order alcohol? When should you bring up the subject of business? The Art Of The Business Lunch takes you through every aspect of the business lunch.
  7. Start With Why, By Simon Sinek – Simon started a movement to inspire people to do the things that inspire them. Millions of people now understand the concept of the Golden Circle.
  8. Breaking The Bias, By Andrea Kramer and Alton B. Harris – Breaking Through Bias explains that it is the stereotypes about women, men, work, leadership, and family that hold women back, and it presents an integrated set of communication techniques that women can use to avoid or overcome the discriminatory consequences of these stereotypes.
  9. How The Best Get Better, By Dan Sullivan – The most successful entrepreneurs are taking advantage of new capabilities to create greater wealth and autonomy for themselves, while providing new income and employment opportunities for millions of others.
  10. Think and Grow Rich, Napoleon Hill – Napoleon Hill teaches what called the thirteen steps to riches. Those thirteen steps, he claimed, were the secret to building wealth.

Don’t buy the Kindle or iPad version, buy the book. These books are meant to be referenced throughout your career. They belong in your library along with all the other books you cherish and refer to often.

Top rainmakers are constantly learning new skills and reading about new ways to take their game tot the next level. Got any good books to add to my must read list? Shoot me a note on our website: https://www.onbalancesearch.com. Thanks.

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.

Trends In Law: How To Thrive In The Era Of Disruption

With the end of the year rapidly approaching, it’s important to understand the legal marketplace and how the trends impact your career in the coming year. In this new era of disruption it’s critical that you routinely assess your career goals. Considering a lateral move in 2018?

PARTNER MOVES BY PRACTICE AREA

Partner Moves By Practice Area (Firm Prospects LLC Dec 2016 – Nov 2017)

 

Below highlights the top markets experiencing the most movement by practice areas. These insights could potentially impact advancing your career in the next year. Let’s take a look:

  • California, New York City, Texas, Florida and Chicago are the top markets for litigation here in the United States. In fact these five markets make up half of all the law practiced in the area.
  • In the era of disruption, not surprisingly New York City is the market for corporate law. That’s not going to change any time soon. Big Law thrives in the Big Apple. 
  • As we rapidly approach the end of 2017, now is the time consider focusing on intellectual property rights. No field is more rife with cyber threats to protect businesses intellectual property. Los Angeles,Manhattan and Washington, DC Manhattan are the top three markets for practicing intellectual law here in the United States.
  • Global market forces and accelerating and new proposed tax regulations make New York City the financial capital of the world and Washington is where all the regulations are enacted. Not surprisingly these two markets comprise the lion’s share of where financial litigation is done.
  • The issue of pay equity between women and men has been garnering a growing amount of attention making litigation from class actions to individual cases—an increasingly common occurrence. California, Texas, New York City and Pennsylvania are the top markets for labor and employment law.
  • Trump administration could spur more real estate activity next year. New York City and Los Angeles are the top markets in law for real estate in the United States.
  • Manhattan is and will always be the financial capital of the world. Business gets done in New York.

Ready to make the lateral partner move? You’ll need to clearly detail how you got to where you are and why the you’re the best. Not sure you are being compensated equitably for your efforts? Have you valued your book of business? Detail how much revenue each client contributes and what verticals have historically been most profitable.

Working with a local legal recruiter can benefit your job search in several ways. Let’s schedule a time to sit down and assess your worth and value in the marketplace.

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.