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“Finding ‘Success’: A New Equilibrium in the BigLaw Marketplace”

August 27, 2014

An article in the New York Law Journal, written by current and former hiring partners at Shearman & Sterling, considers the equilibrium for achieving success in the “big law” marketplace.

 

In closing, the authors note:

 

“What then are some ideas to assist law students and young lawyers achieve a new success equilibrium with law firms? First, there is an increased need for law students and young lawyers to take control of their own careers. Recognizing the wide variety of options now existing in the legal marketplace means also recognizing that a good navigation system is required to take advantage of those options. Second, while there has always been a need for honest and frequent feedback, this is even more important in today’s law firms. It should not be frowned upon to recognize that not every work environment is right for every lawyer at every point in his or her career. Finally, strengthening the relationship between a firm’s recruiting and professional development departments is essential. Whether the law firm assists in developing lawyers for a long term career within the law firm or assists lawyers in finding the right path outside of the law firm, understanding a student’s or young lawyer’s goals from the inception of the recruiting process and throughout their law firm career will be important for the long-term success of both the firm and the lawyer.”

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