"Lawyers do this all the time. They take the call from a recruiter, hear a bigger number, see a better title, and convince themselves it is progress. Sometimes it is. Often it is not."
"If your goal is to become an equity partner, then you are not just choosing a job. You are choosing a platform to build a business. That requires a different mindset."
"A base salary feels safe. It is guaranteed. It is immediate. It gives you a sense of progress. But it is also capped. It is tied to hours, internal budgets, and decisions made by others."
"Yet many lawyers trade that upside for a slightly higher salary. They move to firms where they will be well paid but structurally dependent."
Lawyers often make career moves based on immediate benefits like salary and title, but this can lead to long-term dissatisfaction. Defining whether to be an employee or an owner is crucial. Those aiming for equity partnership must adopt a mindset focused on building a business rather than just securing a job. Many lawyers fail to define their end goals, leading to reactive moves that optimize for short-term gains. Understanding the limitations of salary is essential, as it can cap potential growth compared to generating one's own business.
Read at Above the Law
Unable to calculate read time
Collection
[
|
...
]