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Profit Per Partner in Law Firms and What it Means for Lateral Partners

Profit Per Partner in Law Firms and What it Means for Lateral Partners

by Jennifer | Jul 13, 2023 | Lateral Partner Moves

Profit Per Partner, or the average profit generated by each equity partner in a law firm, is a staple of the American legal industry, widely used in assessing a firm’s performance and attractiveness to potential partners.  This metric is undeniably significant....
Law Firm Economics: What Lateral Partners Need to Understand

Law Firm Economics: What Lateral Partners Need to Understand

by Jennifer | Jun 29, 2023 | Lateral Partner Moves

The lateral partner process is not easy—or fast. If you’re unhappy at your current firm, a lateral move may be well worth the trouble.  A rainmaking partner’s unhappiness can often be addressed at his or her current firm. What rainmakers often miss, or...
When a Lateral Move WON’T Make You Happier

When a Lateral Move WON’T Make You Happier

by Jennifer | Jun 15, 2023 | Lateral Partner Moves

You know what they say…the grass is always greener.  And, in fact, that is the idea for lateral partners: we find greener grass.  Unless there isn’t any.  Moving to a firm with a better culture, strategy, compensation model, practice area, or location...
What Do You Want From a Law Firm? Your Personalized Checklist

What Do You Want From a Law Firm? Your Personalized Checklist

by Jennifer | Jun 1, 2023 | Lateral Partner Moves

Are you considering a lateral move to a new law firm? When you make a lateral partner move, you do it because you want to make changes for yourself: there is something wrong at your current firm, and you want to improve your situation. This means building on what’s...
Lateral Partner Interviews: What to Expect

Lateral Partner Interviews: What to Expect

by Jennifer | May 18, 2023 | Gillman Strategic Group, Lateral Partner Moves

If you’ve been at your current firm a while — long enough, for example, that you made partner — it’s likely you’ve never experienced the lateral partner market firsthand.  Or it may be a while since you’ve thought of a lateral partner move.  So, you may be...
Do Lateral Partners Need Resumes?

Do Lateral Partners Need Resumes?

by Jennifer | May 4, 2023 | Business Plan, Lateral Partner Moves

Almost any job search starts with the same first step: updating your resume.  For lateral partners, especially those who have been with their firm for a long time, this task may sound like a painful headache from the bygone days of law school.   Good...
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