Anonymous User wrote:
Anonymous User wrote:One thing to consider about partnership - going to the most "prestigious" or highest Vault-ranked firm in town doesn't mean you can simply jump down a notch when it comes time to make partner. For example, the strongest Dallas-based firms aren't going to hire some intown lateral 7th or 8th year associate and make them partner. I tell people to pick the firm that you want to be at until the time you go in house. Unless you lateral early on (in which case, there's no benefit to picking the NYC firm over Dallas since the pay difference is negligible), it is very, very difficult to lateral as a mid- or senior-level associate and make partner at your new firm. It is actually much easier to jump up a notch in "prestige" once you've proven to be a successful partner at your more regional firm.
This advice is credited and the contrary is a common misperception on this site. While perhaps in NYC it may be routine to lateral down the Vault/NLJ ladder and be made a non-equity partner right off the bat, it is super, super rare to do so in Texas and some other secondary markets where the "more prestigious" Vault firm has a relatively small footprint.
Thanks for the credit. And as someone in this thread already pointed out - Weil's group was started by a group from Jackson Walker. Furthermore, BB's transactional group is mostly ex-TK people, FJ's transactional group is mostly Winstead people, etc.
I really think it makes the most sense to go to the firm where you can really stand out and get the most attention - if you do that, your practice will develop and you can make partner and then your options (which include staying with the firm you're at) will be much better than if you are a burned out 4th year at a satellite office.