How Risky is This Lateral Position? Forum

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How Risky is This Lateral Position?

Post by Anonymous User » Tue Oct 28, 2014 7:39 am

How risky is it to take a V100 position when one of the interviewing partners told me that they are trying to grow the group and that there is a risk that there might not be enough work (billable) for me, depending on how the group grows. He stated that if there isn't enough hours then they would work on me with my compensation.

Is that him being a nice guy and is basically true of every job? or is that a huge concern?

dixiecupdrinking

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Re: How Risky is This Lateral Position?

Post by dixiecupdrinking » Tue Oct 28, 2014 10:20 am

This sounds extremely risky. You're still in the courtship phase and they're already telling you you might get your pay cut because there's not enough work?? Stay away. If nothing else, this sounds like a poorly managed place.

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Re: How Risky is This Lateral Position?

Post by KidStuddi » Wed Oct 29, 2014 2:36 pm

dixiecupdrinking wrote:This sounds extremely risky. You're still in the courtship phase and they're already telling you you might get your pay cut because there's not enough work?? Stay away. If nothing else, this sounds like a poorly managed place.
Seconded. If their first go to is cutting your compensation rather than getting you work from another practice group or something, that raises some pretty redoubtable red flags. If you've got an offer elsewhere, go elsewhere.

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Re: How Risky is This Lateral Position?

Post by Anonymous User » Wed Oct 29, 2014 2:44 pm

This is risky. A friend of mine took a summer associate position with a firm because the firm was trying to grow one practice area. A year later, the effort to grow failed and my friend got no offered.

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84651846190

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Re: How Risky is This Lateral Position?

Post by 84651846190 » Wed Oct 29, 2014 4:06 pm

Avoid.

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gk101

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Re: How Risky is This Lateral Position?

Post by gk101 » Wed Oct 29, 2014 4:12 pm

Biglaw_Associate_V20 wrote:Avoid.
ETA: How long have you been in practice? I would not lateral to the firm as a junior associate. The position may be more appealing as a mid-level though if you can bring in/develop business. Even then, avoiding this situation seems like a better bet

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2014

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Re: How Risky is This Lateral Position?

Post by 2014 » Wed Oct 29, 2014 5:41 pm

What exactly are you lateraling from? That seems rather relevant.

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