Advice for if Partner Departs Firm
Posted: Sat May 17, 2014 12:55 pm
Background: I've just heard a fairly solid rumor that the partner I get 90% of my billable work from is looking to go elsewhere. I find the work I do with him interesting and would like to do it long term. However he is a bit prickly to work for and I really enjoy the firm we are with now. While there are folks in the practice group who do similar things, it's not squarely in the niche I have begun to develop with the potentially leaving partner.
I am looking for advice on factors to consider when the partner you work for jumps ship for another firm. If the rumors are true, I suspect it will go down very quickly and I want to have thought about it for a bit. Of course, this assumes he even asks me to go with him.
Obviously, salary terms will be important (currently at a firm that pays market), as will location. What other things do I need to consider? Any terms I should request as a condition of moving if I decide to?
And what about factors for staying? I think I have a solid reputation and the firm would be happy to have me stay, but what should I be thinking about in terms of getting the hours and reinventing my practice after only a 2-3 years. I want to make sure I will get new work after the rainmaker leaves; I don't want to be shown the door at the end of the year (or next) because I'm not making hours.
Thanks, all. I know the typical TLS modus operandi is to ask clarifying questions, but I have given as much as I am comfortable providing at this point in the process to avoid outing myself. I will consider questions, but just because I do not answer doesn't mean I don't appreciate your thoughts. If speculation turns to fact, I will update with more information.
I am looking for advice on factors to consider when the partner you work for jumps ship for another firm. If the rumors are true, I suspect it will go down very quickly and I want to have thought about it for a bit. Of course, this assumes he even asks me to go with him.
Obviously, salary terms will be important (currently at a firm that pays market), as will location. What other things do I need to consider? Any terms I should request as a condition of moving if I decide to?
And what about factors for staying? I think I have a solid reputation and the firm would be happy to have me stay, but what should I be thinking about in terms of getting the hours and reinventing my practice after only a 2-3 years. I want to make sure I will get new work after the rainmaker leaves; I don't want to be shown the door at the end of the year (or next) because I'm not making hours.
Thanks, all. I know the typical TLS modus operandi is to ask clarifying questions, but I have given as much as I am comfortable providing at this point in the process to avoid outing myself. I will consider questions, but just because I do not answer doesn't mean I don't appreciate your thoughts. If speculation turns to fact, I will update with more information.