BigLaw exit options
Posted: Sun Oct 16, 2011 7:11 pm
What are the dynamics of BigLaw exit options?
To the extent that it's possible ITE, what sort of timing is ideal? i.e. how are exit options different for junior, midlevel, and senior associates? What are the best/most profitable/riskiest/most likely/most difficult scenarios? How does your practice area and firm reputation impact exit options? Is it a maxim that transactional assoc. go in-house and litigation assoc. continue to litigate, or is it more flexible than that? i.e.:
(1) lateral to a similar BigLaw firm
(2) go to a smaller/plaintiffs firm
(3) in-house to a larger, established corporation
(4) in-house to a smaller, pre-IPO corporation
(5) USAO or other government
(6) clerkship in federal or state court
To the extent that it's possible ITE, what sort of timing is ideal? i.e. how are exit options different for junior, midlevel, and senior associates? What are the best/most profitable/riskiest/most likely/most difficult scenarios? How does your practice area and firm reputation impact exit options? Is it a maxim that transactional assoc. go in-house and litigation assoc. continue to litigate, or is it more flexible than that? i.e.:
(1) lateral to a similar BigLaw firm
(2) go to a smaller/plaintiffs firm
(3) in-house to a larger, established corporation
(4) in-house to a smaller, pre-IPO corporation
(5) USAO or other government
(6) clerkship in federal or state court
