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[quote=Anonymous][quote=Anonymous]NP. Fmr senior biglaw associate reading this thread with interest. I left 2.5 years ago for an in-house role (I was a 7th year at the time).  I had years of good reviews but felt i was not in the superstar camp and didn't want to hit a wall at year 8 or 9 and have 'the talk.' But tracking my former colleagues, it seems like firms are more open than ever to keeping associates around indefinitely. Many more 11,12,13 year associates than ever before.  Also more of counsels being made than was previously the case (again, this is just at my former V10).  I sometimes wish i just road it out if i knew I had that many more years of the gravy train. Have others in biglaw noticed this shift away from strict up or out in the last 5 years or so?

To OP, sorry this happened. Agree with others you should ask for at least 3 months severance and 6 months website. What vault range is your firm?   [/quote]

Sure it always depends on the market, the economy, what firms can get away with etc.

The switch to non-equity partners and also the long drawn out path to partnership really picked up 20 years ago. I don't know if it slowed or picked up again, but there aren't many big firms making people profit partners 7 years out of law school. The profits are too big ($3m PPP on average is insane to pay a 7th year), and 7th years can't generate the types of clients that make sense for these profits.

I'm not surprised firms are letting people linger for 10-15 years. A lot of practice areas are struggling to find bodies to do the work. Of course you would keep the well trained lawyers you already have on staff and let them keep doing work. If/when the economy turns, they'll be first to go.  They of course know that.  It's part of the deal.  But in good times, sure, just keep riding the train and see where it goes, check job posting, and keep your resume fresh.  If you're not doing these things, you're not doing biglaw right. [/quote]

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