F.A.Q.
What is the Lateral Partner Questionnaire ?
Click here for Master the Lateral Partner Questionnaire. The Lateral Partner Questionnaire (LPQ) is the due diligence document that prospective law firms use to vett and document law partner candidates. They vary is size from 2 to 40 pages.
Social Media Recruiting Tools
Click here for some free tools to help recruit lawyers without our assistance. Recruiting is expensive. Period. We believe that as the recruiting industry and technology changes so must we.
LinkedIn & Twitter Strategy
Click here for our useful LinkedIn and Twitter blog posts. LinkedIn and Twitter are game changers for sourcing candidates and attorneys considering their next career move.
I'm new to how legal recruiting works, are there rules for recruiters?
Yes. Click here for more information. We are members and abide by the National Association of Legal Search Consultants Code of Ethics. In addition, we believe our company culture and values builds on and takes this code of ethics and responsibility to another level.
Why did you ask for my information if you cannot help?
To first see if we can assist you, we must ask you questions and assess your situation. We are approached by numerous lawyers every month. If we cannot place you, consider checking out our resources in our blog.
How long does the lateral partner process take?
Click here for Anatomy of Law Partner Lateral Move. It depends on several variables but usually it is a 3-12 month process. 30 days is the rare exception and typically can occur during first quarter. Some of the factors that affect the timing are the acquiring firm's availability, the extent of the due diligence process, the assessment of partner fit, the existing compensation structure for the lateral partner, any restrictions of the lateral partner's existing partnership agreement, the risk tolerance of the acquiring firm, etc.
What are employers looking for?
Our law firm clients like to see consistent law firm experience, a legitimate reason for moving & a vision to continue your career at a law firm.
What documents do law firms want to see?
Employers require an updated resume (1 page is recommended), your transcripts and a deal list or writing sample.
How long does the associate recruiting process take?
Generally speaking, a law firm can receive an associate's documents and hire within 2 weeks to 2 months or more. It all depends on the decision maker's availability, the urgency of the need, and the candidate's situation.
What is required for a lateral partner move?
Click here for the Anatomy of a Law Partner Lateral Move. You will need to know what you want first and foremost. Then you will also need the following documents & information: 1) resume (written or web bio), 2) business plan/client list, 3) your origination history for the past 3-5 years, 4) knowledge of your existing partnership agreement and 5) your estimate of future originations based on your clients.
At the Lion Group, we assist Partners & Of Counsels with the lateral partner referral process and document preparation.
What Portable Business Do I Need?
It depends on the firm you are considering, but usually we work with partners of portable business of $300k to $10mm+. You will need a 3-5 year prior collections history your current clients and/or a consistent history of new client origination.