Author’s note: Two of the most common questions I have received in the past few months have been: "Should I be more open to at least considering a move to another law firm, especially in the midst of this recession?" and, "If I do decide to explore a move, what factors should I examine when looking at other firms?" Last month, we addressed the first question. There are a plethora of issues related to question two, which have been addressed, in part, in prior columns. This month, we will focus on only four of those factors, with special attention being paid to recession-related points.
The first factor focuses on the health of the prospective firm — quite simply, how has it been faring in this downturn? No layoffs or compensation decreases are positive indicators of strong financial footing. If there have been some reductions, this does not necessarily exclude the firm as a potential home. A firm should be allowed the opportunity to explain the rationale behind its changes. If they are reactionary and suggest a firm is just trying to stay afloat, this is problematic. Conversely, if the changes are part of a more strategic effort to adapt and restructure the firm, this is more compelling. If that plan makes sense, then you will likely benefit later from the heavy lifting being done today.
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