Thursday, August 05, 2004

 
I'm in the airport waiting for my flight. Decided not to push myself too hard with a flight too early in the day. I'm chalking up today to travel and hopefully will just swing by the office on the way back to check up on things but won't stay long.

To answer a question in the comments: I normally fly coach, actually. The client pays enough for me already, and any money the firm kicks in for the upgrade is really just money out of my own pocket. I'm not sure what my colleagues do, but I've never found the upgrade worth it. The food's still terrible. It's still an airplane. I'd rather spend the money on tickets to a Dodgers game.

Dinner last night in Chinatown was a nice change of pace. My friend was telling me about the uproar at his firm over too few in-house promotions to the partnership. Apparently for the past 5 or 6 years, all of the new partners in his department have been laterals, brought in from outside the firm. This year, 3 senior associates who've been at the firm their entire careers are up for partner, and there's talk that if at least 1 or 2 them don't make it, there's going to be a mass exodus. It's hard to string people along with the promise of becoming a partner if they literally never see it come to fruition. A few token promotions can make the dream seem possible for everyone -- like the handicapped parking spot analogy -- everyone thinks that spot could have been theirs. Frankly, I'm a little appalled that the firm even feels some pressure to promote from within just to placate people -- it's a business, we need stars. If the people from within aren't cutting it, then we'll go outside to find some. It shouldn't discourage the people who are here who are stars. Stars will rise to the top. Everyone else -- let them leave. To some extent. We need their hours. But we can find replacements. Unless you're a star you're just an interchangeable part anyway.

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Point?
 
Usually the outsiders are "stars" because they are outside. The insiders are not "stars" as you know them. It's easy to figure everyone you deal with is not impressive, and those who are from elsewhere are.

Truth be known, becoming a partner with a lawfirm has very little to do with talent. Some really horrible attorneys are partners. It's more about billing than anything else.
 
Talent certainly helps your partnership chances. And having the name of a mom and/or dad near the top of the firm's letterhead doesn't hurt you either.
 
We are hearing the same comments about "too few up from the ranks partners" at my firm. But what people have forgotten is that last year's partner class was coming (most likely) from the law school classes of 1994-1996, and those were heady days in the law-firm world. Headhunters were flourishing and busily moving young associates from one solid firm to another for better salaries, better promised opportunities, etc., and the dot-commers started competing for our lawyers as well. Hardly a week went by without a farewell party for some associate or another. THAT'S one of the reasons why there haven't been a lot of up-from-the-ranks partners in the past few years at ANY firm. But now that the market has become tougher, people are staying at their law firms, and in about five years we'll be faced with the opposite issue -- too many up-from-the-ranks partner candidates. Long-term perspective helps to understand what's really happening here, and associates by definition don't have it -- yet.
 
Perhaps if the firm hadn't burned out its better associates in the first three years by overloading them with work, while leaving the less competent ones with time to breathe, they wouldn't have this problem eight years down the road.
 
There is no excuse for a firm not to let an associate know that things aren't working out literally years before they are up for partnership. Greed is the only reason to have such a heavy load of associates that you can't make them partners. It is also wrong to think the "stars" will stick around while other associates are hacked off the payroll. I have seen first hand how this attitude demoralizes associates to the point the stars either drop from the sky (because why should they try so hard just to make jerks richer) or leave the firm to work for better people.

Associates and partners are too myopic. If you find yourself in a firm as described here, I suggest you look for greener pastures.
 
Some interesting comments in this thread. As a non-lawyer, I'm wondering -- does anyone ever NOT aspire to be a partner? Are there associates at law firms who just want to keep being associates, or would that be pointless?
 
Sometimes, but people that aspire to be permanent associates are rare (although they may actually have the most perspective of anyone in the firm).

Lawyers are, by and large, type-A's. Big firm lawyers are ultracompetitive-type-A's. Put several hundred of these personalities together and you get a self-reinforcing environment of competition and a perceived need to achieve at the top. In law this means partnership. As such, in most cases, big firm associates do aspire to be partners because a partnership is a "win". In the end, it is all about winning.
 
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