NALSC: the National Association of Legal Search Consultants’ Post

There are a few essential factors to remember when transitioning to a new law firm.

Last week's 21st Annual Advanced eDiscovery Institute, hosted by Georgetown Law Executive & Continuing Legal Education, saw lawyers, vendors, and jurists take stock of the e-discovery industry and cast an eye on its future. Here are highlights and takeaways from the two-day event: #aedi #legaltech #ediscovery

"Even as top law firms have reached new revenue and profitability peaks this decade, not every partner is making more money from year to year." (The American Lawyer) https://lnkd.in/gV4wRj-d #biglaw #lawpartners #legalsalary #legalindustry

Alumni from Big Law are often the legal department chiefs and general counsel of the largest corporations in the U.S. While these connections help a firm's current and future lawyers in career development, they also further cement relationships between the largest firms and GCs, leading to more business for the law firms. But to ask GCs? They will tell you that they put the work in the hands of specific lawyers, not law firms.

What current indicators mean for non-equity and equity partners at AmLaw200 and mid-sized law firm is that everything is on the table. If, for any reason, you are the slightest bit unhappy with the firm where you now practice, you are encouraged to seek out alternatives in the legal marketplace. And in addition to the "conservative" choices, law firm partners now can add several versions of a distributed law firm model to their choices. For any partner interested in exploring their options, I would suggest that they reach out to an established and reputable legal recruiter in this space (like me) for an exploratory conversation.

Quite interesting interview from Legaltech News: “On the verge of a forthcoming expansion to the U.S., Avantia CEO and founder James Sutton describes its offerings and its reasons for coming to New York. “Avantia Law founder James Sutton has gone for a model that isn't as easily defined in today's market, starting a law firm that develops proprietary technology to provide end-to- end service provision for tasks such as Non-Disclosure Agreements (NDAs) and Know Your Customer (KYC) protocols. The firm, which builds digital agents to assist its attorneys with the more routine parts of their tasks, specializes in serving financial clients. This combination of legal oversight, technological development, and service provision gives Avantia some of the attributes of a law firm, an ALSP, and a tech provider all at once.” Much more (at the link below) from this interview with the leader of a venture-backed law company: https://lnkd.in/eqxakUVx #legaltechnology #legaltech Avantia Law James Sutton

The formula for a superstar global law firm? Step one: Either start with a big US based law firm or merge with a big US based law firm Step two: hire as many BIG NAME STARS as you possibly can Step three: replace your current comp system with one that rewards the superstars! Step four: re-evaluate and plot out Step Five

Please check out the excellent article by Amanda O'Brien in today's Legal Intelligencer where I discussed with her Partner compensation at Philadelphia area law firms. As always, please feel free to reach out at any time if you are a partner at a firm in the Philadelphia area and would like to confidentially discuss compensation, or hear about the lateral recruitment market.

It pays to be nice to ex-employees. Latham & Watkins and Kirkland & Ellis, with robust alumni programs, have the most former attorneys from their firms in the top 100 paying corporate in-house leader roles. And these firms have often landed on new matters after their lawyers arrived in-house. “While a lawyer moving from a firm to a private or public company doesn't guarantee new business to the law firm, it often results in firms benefiting from a referral network. In placing an alum at a business, a law firm will strengthen its relationship and can ensure the firm is top of mind for that company when they do seek outside counsel.” To learn why law firms might be smiling as their lawyers walk out the door, read: https://buff.ly/4fDr3vb Does your firm have a strong alumni program? #nalsc #lawjobs #legaljobs #legalrecruiting #lawfirmalumni

It pays to be nice to ex-employees. Latham & Watkins and Kirkland & Ellis, with robust alumni programs, have the most former attorneys from their firms in the top 100 paying corporate in-house leader roles. And these firms have often landed on new matters after their lawyers arrived in-house. “While a lawyer moving from a firm to a private or public company doesn't guarantee new business to the law firm, it often results in firms benefiting from a referral network. In placing an alum at a business, a law firm will strengthen its relationship and can ensure the firm is top of mind for that company when they do seek outside counsel.” To learn why law firms might be smiling as their lawyers walk out the door, read: https://buff.ly/4fDr3vb Does your firm have a strong alumni program? #nalsc #lawjobs #legaljobs #legalrecruiting #lawfirmalumni