Big Law Life #15: Keys to Making a Successful Lateral Move to a New Law Firm
In today’s episode, we continue in our recruiting series and I share my own experiences in making a variety of lateral moves throughout my legal career, including the often overlooked aspects of aligning one's practice and client base with a prospective firm's existing operations.
I share my insights on conducting thorough due diligence, understanding the real dynamics of firm integration, and the critical importance of assessing not just the financial benefits but the strategic fit of a move.
Whether you're a seasoned partner considering your next move or an associate aiming to climb the ranks within another firm, this discussion sheds light on the nuanced considerations that can make or break your transition in BigLaw.
At a glance:
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02:12 – Importance of research and understanding firm dynamics based on Laura’s experiences making lateral moves
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03:27 – Importance of a firm’s practice alignment with one’s expertise and client base, including the potential for immediate work involvement and the long-term support for one’s practice
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04:14 - Challenges of integrating into a new firm, including potential misalignments in expectations regarding work involvement and credit for work
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05:25 - Conduct thorough research and due diligence before making a move, including talking to current and former firm members about their experiences and the firm’s culture
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07:31 - Understand potential legal and business conflicts with a new firm’s client base
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08:25 – Considerations for attorneys looking to build a new practice in a firm, including the potential challenges and the firm’s commitment to investing in the practice
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10:25 – Differences between lateral moves for partners and associates, including understanding the firm’s expectations and the potential impact on one’s career
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13:36 - Strategies for leveraging the lateral hiring process and interview interactions to ensure a successful move are shared
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:
laura@lauraterrell.com
LinkedIn: https://www.linkedin.com/in/lauralterrell/
Instagram: https://www.instagram.com/lauraterrellcoaching/
Show notes: https://www.lauraterrell.com/podcast