d34dluk3 wrote:3rdYrLitigator wrote:Anonymous User wrote:Hi 3rdYear, thanks for taking questions.
Is it possible for a senior associate at a prestigious firm to lateral into a partnership position at a smaller firm? If so, where would (for example) a V10 senior associate transfer to (V100)?
It's possible, but I doubt from V10 to V100, though I don't know that for sure. I've seen it happen from big to mid law though.
So basically, if you don't make partner at your firm, you are screwed for partnership at anything close to the same level?
There are no real levels as far as partnership is concerned, at least in the way you're probably thinking, i.e., Vault 100, NALP 250. Think of partnership as major-sports style draft. What team you're on is of only secondary importance. What matters is what skills you bring and the size of your book. If you have both of these in the right quantity it doesn't matter what firm you're at. You're a free agent, and like top athletes you can go where you please. It doesn't matter if that happens to be Skadden or some firm you've never heard of, BigLaw is a star-driven market that looks very little like what an average law student imagines. This is to say, there are no levels as you implicitly imagine them. Whether you make 200k or 10mm is mostly about who you are and what you can do, not where you are.