Stuart TenHoor, Esq.
TenHoor, Inc.
Legal Search Services
7370 Grace Drive, #200
Columbia, MD 21044
(443) 535-0533
stuart@stuarttenhoor.com
|
Lateral Partner Move Checklist
As you consider a lateral move, you will need to prepare the following information so that we can discuss it when we meet. It will provide the basic data about your practice that I need to consult with you on the best law firm opportunities available.
- List (generic description, not by name) all your client types for whom you have billed legal work the past 3 years (these are only those clients who historically, or for good reason in the future will be sending their legal work to you). Indicate what % of your total practice originations for each year that these top 5 clients comprise. And you may also indicate, if significant, client matters for which you are the responsible attorney but would not be the “originating” attorney.
- Provide a 3 year track record of total client billings to the types of clients you described in (1).
- List all staff (partners, associates, paralegals or secretaries) who are currently integral to your work. These people (if any) without whom you would have strong reservations about making a lateral move.
- Which of your clients tend to have direct business conflicts with other clients (i.e., if you do insurance coverage work, policy-holder side, you will not be going to a firm that represents lending institutions or insurance companies. Are there any clients (how many) that you have originated whom you would never allow to be conflicted out in a move to a new law firm.
- List which practice areas, other that you own (such as employment counseling & litigation or general litigation), from which you regularly obtain legal work from the clients described in 1 above.
- List any other practice areas not already discussed which you would like your new firm to possess for purposes of better servicing your clients.
- What was your annual compensation last year and what do your project for this year?
- What is your minimum monthly draw requirement?
|