androstan wrote: booboo wrote:
Job security, to a lesser extent exit options. When you're partner you can dick wave about how your firm is doing in the league tables.
I'd love to know how to figure this out...
Definitely. Is there a way to reliable know job security and exit options? I presume that the Vault rankings approximate exit options? And the % of associates promoted to partner approximates job security? Those are generally inversely related, which is just wonderful.
Job security at a V100 firm has less to do with you and more to do with external forces, like the economy, which you have no real control over.
The one thing you can control with respect to job security is to make yourself the best darn lawyer possible, and to specialize as early as practicable in your career. If you do litigation, for example, don't just be a general practitioner -- find a niche. And make it a niche that not everyone at the firm already has expertise in. So maybe it's FCPA stuff, or ERISA litigation, or whatever.
The other thing that increases job security -- which has little practical significance for this board -- is ability to generate business and/or having your own client base.
Both of those things -- skill set and business development -- will also increase your exit options. And those two things will have much more significance than the stupid rankings of your first firm.
The % of associates making partner has almost no correlation to job security. At a minimum, so few V100 firms even have partners that matriculated from their SA or First Year Associate classes. To take % of associates who make partner as anything more than just a number is silly and ignorant.
Just go to a firm that you feel most comfortable with. It's impossible to read the tea leaves to figure out the Dewey, or Howry, or whatever firm that's gone under or been swallowed up.