Key Terms There are many kinds of law firm attorneys with titles that include the word “counsel.” Counsels are salaried employees, usually thought to be between associates and partners. Although each counsel position is very flexibly designed, the ABA has described four kinds of counsels that are commonly found in law firms. Law firms tend

Key Terms Non-equity partners are very different from equity partners primarily in that they are salaried and do not share in the profits of the firm. Some firms systematically turn senior associates into non-equity partners, but occasionally you can find non-equity partners in niche practices or by personal choice. If you run into non-equity partnership

Key Terms Biglaw uses “stealth layoffs” to quietly layoff associates without causing a commotion. Stealth layoffs can be mutually beneficial to the firm and the laid off attorney. Getting stealth laid off could be an opportunity in disguise and a catalyst to making a positive change in your career. Law firms don’t always love attention.

“Making partner” is a huge milestone and the biggest promotion for a Biglaw career.

There are various ways that lawyers can manage or mitigate stress arising out of their work.

Biglaw opens up plenty of exit options, alternative careers; and opportunities to lateral to another firm.

Summer associates who receive cold offers are, in reality, not invited back and must begin the job search process again.

Biglaw opens up plenty of exit options, alternative careers; and opportunities to lateral to another firm.