Big Changes Predicted for Partnership Prospects

The Erosion of the Traditional Associate Promotion Model Continues As law firms look for ways to lower costs and appease client frustration over increasing attorney fees, the traditional law firm training and promotion model is rapidly changing. So what's in store? A nearly 27 percent drop in...

Do You Still Want to Be a Partner?

The financial turmoil that law firms, along with the rest of the economy, are experiencing today may lead to a reassessment of the conventional wisdom that every lawyer should want to become a partner. Of course, questions about the wisdom of automatic partnership transcend the current economic scene...

Associates Must Jump on the Partnership Track Sooner than Ever

There is no gentle learning curve or methodical training for associates who are expected to hit the ground running, bringing business to the firm as early in their careers as possible. It's all about rainmaking. The ABA Journal notes that associates with partnership aspirations need to get on the...

Law Grads from "Non-Elite" Law Schools Proving Partnership Ability

Graduates from lower-ranked law schools may have a tougher time getting jobs in larger firms, but tend to land partnership positions in higher numbers. By reviewing partnership data provided by the National Law Journal , Indiana University law professor William Hendrickson determined that graduates from...

Sacrifices to Becoming a Partner in a Large Law Firm

I seem to have it made as a 37-year-old lawyer: partner with a "Big Law" firm here in Pennsylvania, nice house in the suburbs with spouse and kids, recognized as a solid producer by senior management. I can probably run the table here until retirement in 25 years. Only one problem: I'm...