Are You an Employee or an Entrepreneur?

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

A Truly Cynical Analysis of Why Up or Out Policies Persist

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