Raj M. Nichani 2013-09-19 00:38:10
Why Do Partners Move Firms? Partners in law firms are large contributors to the business aspect of the firm, and maintain close relationships with clients to keep the firm running smoothly. However, partners do not stay at law firms for the rest of their careers and decide to move for many reasons. One of the reasons is to help their clients. If moving to a law firm that has a strong practice area that a partner practices in not only benefits the partner by providing him or her with much needed resources and support, that greater amount of support and resources also means better services provided to their clients. Other times, partners are not given the credit they deserve for bringing in certain clients, or credit for maintaining a long relationship with a large client. Another reason why partners move firms is because they have outgrown the firm. They desire new experiences and challenges that one firm may offer that another does not. Some law firms lose practice areas or a practice area shrinks and loses the amount of support it had in the past. From this, it would be best for a partner to move to a firm with a stronger practice area to continue working successfully in that field. A partner can also outgrow a firm because of geographical reasons, and a firm decides to change its culture. For example, in Texas, energy law is a major growing practice area, which can cause a firm to expand support in that area, and take away from another. In order to continue practicing in a partner’s practice area, moving to a city or country that has a high demand in that practice area would be more beneficial than staying. From a financial stance, a partner who makes a lateral move gets paid more. They already have the experience as a partner at another firm. They bring their knowledge, skills, talent, and business with them, thus being a valuable resource to the law firm compared to a person who had no previous partner position experience. Another reason why a partner will move to a different firm is because of diversity. Some firms may not be diverse enough. Being able to provide the needed services to a client is the key to keeping the business aspect of law alive. Moving to a law firm with many different practice areas, attorneys with various backgrounds, and a number of support staff members keeps the law firm running smoothly so they are able to provide anything to their clients. Support is also a huge a factor when it comes to movement. If a partner is not getting the needed or desired support from a firm, then he or she may move to a firm that has the support they need. This might mean increasing the amount of help the partner gets from paralegals, associates, counsel, and other support staff to lighten the workload. There may also be conflicts at the firm that will make a partner decide to move. One conflict that can occur is if a firm merges. Mergers create a structure change within a firm that can lead to both good and bad outcomes. There may also be business conflicts, where clients don’t want a firm to work with a competitor. For example, Pepsi and Coca Cola or Apple and Android are companies competing against each other, and because of their size, they have a say in who a firm can represent or not. If one company were to file a law suit against another, the law firm needs to be able to support one company. Moving to a different firm can offer growth and opportunities to build a practice. Moving on to a different firm can provide the needed associates, paralegals, and support staff a partner requires to continue bringing in clients and providing excellent service to keep their business and the law firm’s business growing and flourishing. Raj M. Nichani, Esq. is the president of RMN Global Search, a full-service legal search company specializing in the permanent and temporary placement of legal attorneys with law firms and corporate legal departments. Raj and his team are dedicated to placing the highest quality candidates based on their own unique needs. The legal recruiting company was recently named the 13th top legal recruiting company in the nation by LawCrossing. You can reach Raj at (678) 842-5855, or by email at email@example.com or by visiting www. rmnglobalsearch.com for updated job postings and further information on the recruiting process.
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