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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I’m jealous of the spouses who married the well-respected partners in humane practice areas who are flush with business and yet are secure in their client relationships. It’s a fine line I never quite figured out in my time in Biglaw, but I know they are out there.

-In-house counsel [/quote]

This rings true. It is great to hear about several partners who have it all figured out and are working only 50 hours per week. Those people just are not the general rule though, which those partners would probably quickly tell you, especially when including junior partners in the equation.[/quote]

I work on the business side at a major firm and part of that story may also be enormous resentment from other partners, who will argue that a partner who is not billing a lot, delegating most of the heavy lifting to associates and junior partners, but then claiming origination credit on the client because they brought them in 10 years ago, is dead weight and should be sharing origination credit with the partners actually doing the work, or even transitioning the client.

This is a huge fight at many firms. There is no firm where ALL equity partners are working 50 hours a week (and billing far less since partners have more administrative tasks that take up time). So you have major inequities in hours and that tends to come up when it's time for the Comp Committee to figure out everyone's draw.[/quote]

This is very true. I’ve been a partner at firms like this, it’s sort of miserable. Just a never ending negative feedback loop. Who’s getting more than you? Who deserves what? That guy doesn’t work hard. Blah blah.

I’m now at a lockstep firm and it is staggering how much better the environment is. It’s as close as you can get to the “everyone working 50 hours” mentality. There’s almost no incentive to horde credit, act as a bottleneck with clients, all the crap that comes with most firm comp structures. You do your work, you go home, you get paid like everyone else.

True, you leave a little money on the table, but not being surrounded by Dbags relentlessly focused on their own comp in every interaction has honestly saved my career. [/quote]

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