Cynic wrote:Aeon wrote:Cynic wrote:Question: If making partner has very little to do with your actual legal skills, then who are the "experts" who handle legal cases?
Senior associates.
Wait... Why do people spend so much hiring big name law firms if most of the actual work is done by senior associates seven years out of law school? What do partners spend all their time doing?
1) Same reason you hire MBB/buy a brand name/invest in a global macro fund etc. etc. - you're way less likely to be fired if STB messes up than if
budget law firm XYZ does;
2) Partners generally do less grudge work, less work in general and stick toward high level/relationship building work;
3) When you say legal cases, you make it sound more like litigation, where lawyer's are actually the top dog... this is the wrong thread for that... institutional knowledge, forms, relationships with the SEC, etc. get built up overtime at elite firms, but little (if any) of this work needs to be done by any one partner; and
4) similar to 2, a partner's job is to retain and build work for the firm (law is a business, not a very interesting business model, but a business nonetheless).
Between year 2 and 7, you'll probably have enough substantive knowledge to handle legal issues, but maybe not enough to know how that particular client would like their legal issues handled.
And as far as the actual OP, I mean, man he's just crazy to stick to one firm for 8 years and act like he's completely trapped, I'm sure he's hung up on 1,000's of recruiters--but he's not lying that corporate law should not be anyone's first career choice. And as someone who hates corporate law, one pro-family issue is that corporate law has extremely minimal traveling compared to most consulting and PE jobs, so I guess that can be a plus, though the work-life-comp balance is way out of whack and unlike other careers, it never really gets that much better or more interesting until retirement.