Jul
17
Partnership Aspirations
July 17, 2008 | Leave a Comment
What the top flying corporate associates want for Christmas is a partnership. A quick straw poll of group of hot young things is met with a resounding ‘yes’. They all admitted, whether overtly or in a more subtle way, that partnership has and will always be, their career goal.
Partnership remains the pinnacle of success in private practice.
But with only 3% of associates making Partner is some firms this does not mean firms should give up developing alternative career paths.
It’s My Law is offering career alternatives not alternative careers and is finding willing takers amoungst the top echelons of the Legal profession, both from senior partners and the law firms themselves.
Associates quoted in Legal Week said;
“The people issue is one of the biggest challenges for law firms at the moment – both firms and the individuals are struggling with it, as not everyone wants partnership and all that it entails. Trying to retain people that don’t want partnership is the biggest issue. The profession as a whole needs to offer an alternative [to partnership].”
As the It’s My Law model becomes more widely accepted we will see a move towards addressing those issues, but the real difficulty in law is the progression from trainee to seven or nine years’ PQE to potentially qualifying as a partner.
Comments
You must be logged in to post a comment.
- Return to main site
-
Click here to subscribe
to It's My Law by Email
Working? | ItsMyLaw | Hiring?
For more information click on one of the images above
-
Click here to subscribe
