I’ve had several conversations this week with senior associates who really understand business development. While neither is an equity partner, both bring in several hundred thousand dollars in fees to their firms. (i.e. as originations.) Both are interested in exploring a lateral move. What was interesting was that both of these lawyers still chose to … Read more
Here is a truly cynical analysis of why firms maintain up or out policies. A professor at Case Western makes the argument that “up or out” is the best way to protect the firm’s only real assets (i.e. the client relationships.) The argument goes that if you keep around bright people but don’t make them … Read more
Who would have guessed? Maybe large firms are finally getting worried about retaining talent.
Here is a nice summary of some of the recent articles on women and the challenges they face in trying to advance at top law firms. Here the author emphasizes the problem of billable hours as a measure of one’s contribution to a firm.
If you missed Lauren Rikleen the other night at the Boston Bar Association, you can catch her on the Legal Talk Network over the internet. Lauren, who just published Ending the Gauntlet: Removing Barriers to Women’s Success in the Law, has a lot to say about why women are not advancing at the same rate … Read more
The March/April 2006 issue of the Boston Bar Journal features a good article on the fiduciary obligations that partners have to clients and to their firms (if they want to leave their existing firm.) Sorry, no link yet. The article has some very practical suggestions about how to move on without violating your ethical obligations.