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10 Reasons Partners Lateral

After a decade of recruiting and supporting attorneys, I’ve compiled the most common reasons partners lateral their practices.

If you relate to these challenges, consider exploring your options. Collaboratively, we revisit your priorities (they often get lost behind after years of practice) and explore opportunities that bring you greater fulfillment – intellectually, emotionally, and financially.

 

  1. Instability of firm due to recent partner departures, c-suite turnover, or economic volatility that impacts the firm’s primary practice groups
  2. Unfavorable changes to compensation structure or origination percentage
  3. Perception that your contributions are not valued objectively or subjectively (impacts bonuses, equity offerings)
  4. Dissatisfaction with size, sophistication, or volume of deals/cases
  5. Conflicts of interest that prevent you from building your practice
  6. Billing rate frustrations: You need to raise or lower your rate for growth, client satisfaction and/or business development
  7. Lack of practices within a firm makes it difficult or impossible to attract and retain clients resulting in loss of earnings potential
  8. Insufficient resources to boost your personal production or distribute work to associates; minimal resources or support for business and professional development
  9. Colleagues with whom you enjoy practicing are no longer at the firm
  10. Unaligned core values and culture fit: You are dissatisfied with the firm’s leadership, priorities, and business decisions as they relate to “softer” issues (DEI, mentoring, flexibility, benefits, pro bono, community involvement)

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