Big Law Life

#28: How to Move Forward After Being Let Go

Jul 10, 2024

Tips on handling being laid off in big law firms, including reviewing severance agreements, securing references, and updating professional profiles. Importance of not taking it personally, negotiating terms, and preparing clear explanations for future employers. Emphasizes maintaining professional relationships and being in a strong position for securing the next role.

15:47

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Quick takeaways

Negotiating severance agreements is crucial for a smooth transition after a layoff.

Securing references early on from colleagues and mentors is essential for job search credibility.

Deep dives

Navigating Layoffs in Big Law Firms

Facing a potential layoff from a big law firm can be challenging, and understanding the reasons behind it can provide clarity. Reasons for layoffs may include changes in firm practices, conflicts with clients, or office closures. It's crucial to evaluate severance packages carefully as they may offer lump sum payments or accommodations. Negotiating terms like the amount of severance pay can be beneficial for a smoother transition.

Intro

6min

Guidance on Moving Forward After Being Let Go from a Law Firm

8min

Navigating the aftermath of being let go from a job

2min

In today’s episode, I share actionable advice on how to handle being laid off, from the importance of understanding any severance agreement to securing references, and updating professional profiles. I discuss the importance also of maintaining professional relationships, and preparing a clear explanation for future employers about why you left your prior firm.

My goal is to prepare you to be in a strong position when you part ways with your firm, so that you have a clear plan for securing your next role.

At a glance:

01:09 - Navigating layoffs in big law firms post-pandemic
01:38 - Reasons for layoffs and the importance of not taking it personally
02:38 - Immediate steps after being laid off: reviewing severance agreements
03:26 - Key considerations in severance agreements, including non-disclosure clauses and severance pay
04:44 - Negotiating terms of severance agreements and outplacement services
05:28 - Handling personal files and client materials upon departure
06:15 - Securing references from colleagues and supervisors before leaving
07:17 - The importance of reaching out to mentors and supporters for references
08:16 - Broadening the net for references, including clients and former colleagues
08:50 - Updating employment status on LinkedIn and with professional associations
10:20 - Ensuring accurate representation of current employment status
11:02 - Preparing a clear and concise explanation for job departures
12:13 - Crafting and practicing your "elevator speech" for potential employers
14:11 - The importance of feeling confident and prepared during job transitions
14:59 - Conclusion and encouragement to stay informed and prepared

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Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? - here are ways to reach out to her:

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Show notes: https://www.lauraterrell.com/podcast