The next few State of the Market posts by Lateral Link, as compiled by Director Gary Cohen, will focus on one of the country’s largest states — Texas.
In general, lateral hiring activity in Texas has increased substantially in the past 12 months, with even greater momentum as we head into 2012. Corporate/securities and IP are the busiest major practice areas across the state; however, there are differences between the Dallas, Houston and Austin markets. Overall, the Houston market is the strongest, followed by Dallas, with Austin a distant third. In all markets, partners with solid books of portable business are viable and firms are always on the hunt for new partner-level talent….
Last week, we discussed the end of the legal recession, and we made some predictions about 2012. Many of you were interested in more information on your specific market, so today, we’re launching a new Career Center series: “State of the Market.”
Over the coming weeks, we will discuss hiring prospects in major legal markets based on analysis by Lateral Link‘s recruiting team.
We start with our nation’s capitol, Washington, D.C….
Before you make the jump to go in-house, remember that each in-house opportunity is unique and will present different advantages and challenges. As a former in-house attorney who worked for a well-respected investment management company for almost six years, Lateral Link Director Gloria Cannon believes there are several things you should consider in evaluating each in-house opportunity.
They revolve around three primary topics: job responsibilities/duties, compensation, and lifestyle….
Eat healthy, workout, stop procrastinating, learn Spanish — it’s 2012 and time to make your New Year’s resolutions. One big resolution you should add to your list is to improve your legal career. Lucky for you, the recruiting professionals at Lateral Link have written articles that will help you with your career resolutions.
If you are clueless about your career goals and lack direction at work, you are not alone. For most, life at a Biglaw firm is not panning out as expected. There are ridiculous deadlines, inconsiderate co-workers, useless politicking, and no clear path towards professional nirvana. With the start of the new year, now is the time to define your career plan and outline your professional goals….
Despite the lukewarm job market, the lateral market for partners is going strong. Still, not all partner candidates are created equal. Whether you are trying to lateral to a big firm or a small firm, there are several considerations firms must analyze during the partner vetting process. Unlike the promotion of an internal candidate, a prospective firm does not have ready access to your employment file, does not know how you interact with co-workers, and has not seen you in real action.
On the flip-side, you do not know the internal politics of the firm, what the firm’s long-term strategic plan is, or if there are any potential conflicts with your clients. With all the unknowns, it will be the responsibility of the firm and the partner candidate to make sure all proper disclosures have been made to make sure both sides are compatible. If you are thinking about making a lateral move, check out the tips below, courtesy of the recruiters at Lateral Link….
Christmas 2011 turned out to be a banner year for retailers, and most consumers felt pretty confident about the economy — but don’t tell that to the lawyers. The results are in and the vast majority of survey respondents aren’t purchasing anything fun with their bonuses.
Unlike Elie, 52% of Above the Law readers are using their year-end bonuses to pay their loan-shark student loan provider. 21% of survey respondents plan on using their “generous” bonuses to purchase something to help advance their career (lips are especially chapped in the winter months). The third largest group, at 9%, feels a little better about the housing market, and is planning on purchasing their little piece of heaven (or if they are in NYC, their very, very, very, very, very little piece heaven).
Close behind, 8% of folks who responded to our survey are calling it quits, and plan on using their bonus checks to buy a nice pair of dancing shoes and leave the practice altogether. Survey respondents were not as excited about the new Apple iPhone 4, as only 5% of people were going to use their bonuses to go wait in line at the Apple store or pepper spray their way into the neighborhood Walmart.
The three ghosts of Christmas only stopped by the homes of a small number of associates this year, as only 4% of responders to our survey planned on donating their bonuses to charity. Finally, less than 2% of survey respondents felt the need to play the lottery by investing in the stock market.
Most of us correlate this time of year with holiday cheer, happiness, and general festivity. However, if you find yourself looking for a job in December, it can be a little disheartening. Employers, if they are not taking time off, focus their efforts on end of the year wrap-up. Although hiring may seem slow during the holiday season, don’t consider it a total loss.
Check out these holiday job-hunting tips from Lateral Link that will be sure to help you keep your chin up, and your hope of landing a new job alive….
Lateral interview season is about to kick off. You’ll likely see several law firm vacancies pop up early in the new year as firms struggle to find replacements for attorneys who jump ship after receiving their year end bonus.
In preparation for the upcoming interview season, the recruiters at Lateral Link have compiled a list of the top five tips to help you ace your next law firm interview.
1. Be prepared: Preparation is key. Do not try and “swing it” and go to an interview unprepared. Understand what is at stake when you go into an interview — getting hired. Back in the good ole days, your résumé alone was sufficient to get you a job. The interview process was merely a formality and a way for firms to screen out people who were completely socially inept. Today, the résumé is only one component of your candidacy….
With the holiday season in full swing, ‘tis the season for parties. In today’s Career Center post, the recruiters at Lateral Link provide you with tips on how to work a room and expand your network while mingling with co-workers, family, and friends.
1. First, research the guest list. Come up with a list of people attending the party you want to meet and talking points for each of them.
2. Develop and memorize a short personal introduction (your elevator pitch) containing information on who you are, what you do, and why you are here.
Keep reading for more valuable tips to use this holiday season….
The evolution of relationships between the genders continues. Currently, in law firms, there is an interesting conundrum; balancing the desire for a gender-blind workplace where “the best lawyer gets the work and advances” and the reality of navigating the complicated maze created by the fact that, in general, men and women do possess differences in their work styles. These variations impact who they work with, how they work, how they build professional connections and how organizations ultimately leverage, reward and recognize the talents of all.
Henry Ford sat on his workbench and sighed. A year earlier, he had personally built 13,000 Model Ts with his own hands. Fashioning lugnuts and tie rods by hand, Ford was loath to ask for help. Sure, there were things about the car that he didn’t quite understand. This explains the lack of reliable navigation systems in the Model T. But Ford persevered because he knew that unless he did everything, he could not reliably call these cars his own.
“Unless my own personal toil is responsible for it, it may as well be called a Hyundai,” Ford remarked at the time.
The preceding may sound unfamiliar because it is categorically untrue. And also monumentally stupid. Henry Ford didn’t build all those cars by hand. He had help and plenty of it. Almost exactly one hundred years ago, Henry Ford opened up the most technologically advanced assembly line the world had ever seen. Built on the premise that work can be chopped up into digestible pieces and completed by many men better than one, the line ushered in an age of unparalleled productivity.
Today, an attorney refers business because he can’t do everything the client asks of him.
There are three reasons why this is way dumber than a made-up Henry Ford story…
Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past six years. You can reach them by email: [email protected].
Since late last year, things have been booming in Hong Kong / China in cap markets, especially Hong Kong IPOs. M&A deal flow has recently been getting a bit stronger as well. Although one can’t predict such things with any certainty, all signs are pointing to a banner entire 2014 for the top end US corporate and cap markets practices in Hong Kong / China. This is not really new news, as its been the feeling most in the market have had for a few months now and things continue to look good.
The head of our Asia practice, Evan Jowers, has been in Hong Kong for about 10 days a month (with trips every other month to both Shanghai and Bejing) for the past 7 months, and spending most of his time there meeting with senior US hiring partners at just about all the major US and UK firms there, as well as prospective candidates at all associate levels and partner levels, and when in the US, Evan works Asia hours and is regularly on the phone with such persons, as our the other members of our Asia team. Our Yuliya Vinokurova is in Hong Kong every other month and Robert is there about 5 times a year as well. While we have a solid Asia team of recruiters, Evan Jowers will spend at least some time with all of our candidates for Asia position. We have had long standing relationships, and good friendships in some cases, with hiring partners and other senior US partners in Asia for 8 years now.