Lateraling firms after first year

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Lateraling firms after first year

Postby Anonymous User » Fri Nov 10, 2017 12:07 am

Does anyone have experience lateraling from one V100 firm to another just after their first year? If so, was it through a recruiter or networking, or both?

Thanks

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Re: Lateraling firms after first year

Postby Anonymous User » Fri Nov 10, 2017 12:32 am

bump (not OP)

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Re: Lateraling firms after first year

Postby Anonymous User » Fri Nov 10, 2017 12:46 am

bump (not OP)

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Re: Lateraling firms after first year

Postby Anonymous User » Fri Nov 10, 2017 12:51 am

Shortly after my first year I successfully lateralled to an existing opening at a V30. Took two interview trips and then waited a month as they cleared conflicts, at that point, I turned in my two-week notice.

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Re: Lateraling firms after first year

Postby Anonymous User » Fri Nov 10, 2017 2:24 am

I lateraled midway through my second year and got offers both through a recruiter and networking. Happy to answer any questions about the process, etc.

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Re: Lateraling firms after first year

Postby Anonymous User » Fri Nov 10, 2017 10:44 am

curious about the lateral timeline & about moving states - do you take the bar after you lateral or before?

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Re: Lateraling firms after first year

Postby Anonymous User » Fri Nov 10, 2017 12:46 pm

If your goal is to lateral markets after a year of practice (e.g. September '18, NY to LA), and your firm has an office there, is the credited response to pursue an offer in that city, and then ask your firm if a transfer would be possible with another offer in hand -- or simply ask your firm on the front end?

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Re: Lateraling firms after first year

Postby Anonymous User » Sat Nov 11, 2017 3:33 am

Anonymous User wrote:curious about the lateral timeline & about moving states - do you take the bar after you lateral or before?

I took my new state’s bar after lateraling. Because of the bar exam timing, it was a good six months before I took the bar. My firm paid Barbri and gave me 4 weeks to study from home (my firm workload was minimal....the drawback is making up billables for the bonus...I did but it was exhausting). The firm also pays the fees to keep my original state's license in good standing.

Anonymous User
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Re: Lateraling firms after first year

Postby Anonymous User » Sat Nov 11, 2017 3:37 pm

Anonymous User wrote:If your goal is to lateral markets after a year of practice (e.g. September '18, NY to LA), and your firm has an office there, is the credited response to pursue an offer in that city, and then ask your firm if a transfer would be possible with another offer in hand -- or simply ask your firm on the front end?

Also interested in this.

ghostoftraynor
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Re: Lateraling firms after first year

Postby ghostoftraynor » Sat Nov 11, 2017 3:51 pm

Anonymous User wrote:If your goal is to lateral markets after a year of practice (e.g. September '18, NY to LA), and your firm has an office there, is the credited response to pursue an offer in that city, and then ask your firm if a transfer would be possible with another offer in hand -- or simply ask your firm on the front end?


I guess it depends on how big the other office is, but I think in a vast majority of scenarios it would make sense to ask for the transfer. At least at my firm, we are constantly working with people in other offices, so I don't see how it really affects the firm.

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Re: Lateraling firms after first year

Postby Anonymous User » Sun Nov 12, 2017 12:15 pm

For those who have successfully done this: after 9-10 months had passed, who did you speak to first, a partner or someone in HR/recruiting? Thanks!

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Re: Lateraling firms after first year

Postby Anonymous User » Mon Nov 13, 2017 2:49 am

Anonymous User wrote:Shortly after my first year I successfully lateralled to an existing opening at a V30. Took two interview trips and then waited a month as they cleared conflicts, at that point, I turned in my two-week notice.


it takes a month to clear conflicts?

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Re: Lateraling firms after first year

Postby Anonymous User » Mon Nov 13, 2017 3:45 am

Antidotal. For me, yes.

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Re: Lateraling firms after first year

Postby Anonymous User » Sat Nov 18, 2017 10:25 am

OP here: bumping because I feel like this thread got a little off track. Anyone care to share their experiences with lateraling after first year, either by using a recruiter or networking?

Thank you

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SmokeytheBear
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Re: Lateraling firms after first year

Postby SmokeytheBear » Sat Nov 18, 2017 12:16 pm

Anonymous User wrote:
Anonymous User wrote:Shortly after my first year I successfully lateralled to an existing opening at a V30. Took two interview trips and then waited a month as they cleared conflicts, at that point, I turned in my two-week notice.



it takes a month to clear conflicts?


Also took me a month. If you lateraled after a few years, you have a ton of names they will need to clear (you have to report every company you’ve repped). And conflicts departments always put checking conflicts for lateral attorneys after checking conflicts for incoming clients. Then someone actually has to review it

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SmokeytheBear
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Re: Lateraling firms after first year

Postby SmokeytheBear » Sat Nov 18, 2017 12:20 pm

Anonymous User wrote:OP here: bumping because I feel like this thread got a little off track. Anyone care to share their experiences with lateraling after first year, either by using a recruiter or networking?

Thank you


I tried lateraling after my first year using both and it didn’t work. Firms generally want you to have more experience so they don’t have to fully fully pay to train you. I started getting a lot more traction toward the end of my second year.

M&A associate who focused only on LA/SF/Sv




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