Tania Patrick’s Post

I don’t want to bust the bubble of those who trade on Chambers recognition at compensation time ( although I always enjoyed some recognition ). In a follow up of a report I did for a group of American legal and PE firms, a major legal consulting firm looked at the major client following of Chambers ranked Canadian business lawyers and found many cases where the client following and deal record of ranked lawyers over the last three years is far below that of lower or unranked partners. There are cases of Band 1 or Eminent Ranked partners who don’t have a material deal for a regular top tier active client during that period. Indeed, there are more Group Co-Heads in some cases than top tier clients of the whole group. I suppose we always knew that the rankings were dated or the result of intense lobbying in some cases but clients would be well advised to look into how active people have been in recent years and whether they still work for the clients they claim in their deal lists. Check with three or four true stars at different experience levels or with great GCs using several firms; they know who really delivers. By the way, I stand behind everyone of the stars I have mentioned in my posts here! There are lots of great people out there but look behind and beyond the label conferred by a talk with a friendly client or sweet talking Group Head pushing a “ friend”.

Many firms have been reporting their results and announcing partner promotions recently and there has been much talk about headline law firm earnings, PEP and increased profitability. Even if firms are doing well, some are changing compensation models to accommodate being able to pay their rainmakers more, either defensively or to attract new partner talent. Some partnership compensation ladders are being stretched to pay top partners more, the consequence of which is that partners in the middle ranks are being squeezed, and partners at the bottom are not progressing up through tougher equity gateways. Whilst money isn't everything, it is a significant driver for many partners, and compensation models do drive certain behaviours and can have a big effect on a firm's culture. There may be no perfect remuneration model that works well for all partners, but there are different  models that may work better for you. If you are not happy in your current firm, here are the Marsden people to reach out to: 𝗔𝘂𝘀𝘁𝗿𝗮𝗹𝗮𝘀𝗶𝗮: Jonathan Walmsley, Ben Smith, Daniel Hogan 𝗨𝗦: Nick Welsh, David Nicol, Bridget McCarthy 𝗟𝗼𝗻𝗱𝗼𝗻: Anita Taylor, Michelle Mills, Alex Russell 𝗘𝘂𝗿𝗼𝗽𝗲: Nick Paleocrassas, Máiréad Cremins. Steve Salem 𝗠𝗶𝗱𝗱𝗹𝗲 𝗘𝗮𝘀𝘁: Sonia Patel, Aaron Faith 𝗚𝗹𝗼𝗯𝗮𝗹: Jonathan Marsden #partners #lateralpartners #remuneration #legalrecruitment #marsden

Many firms have been reporting their results and announcing partner promotions recently and there has been much talk about headline law firm earnings, PEP and increased profitability. Even if firms are doing well, some are changing compensation models to accommodate being able to pay their rainmakers more, either defensively or to attract new partner talent. Some partnership compensation ladders are being stretched to pay top partners more, the consequence of which is that partners in the middle ranks are being squeezed, and partners at the bottom are not progressing up through tougher equity gateways. Whilst money isn't everything, it is a significant driver for many partners, and compensation models do drive certain behaviours and can have a big effect on a firm's culture. There may be no perfect remuneration model that works well for all partners, but there are different  models that may work better for you. If you are not happy in your current firm, please contact me at sally.gardner@marsdengroup.com  or contact one of my colleagues: 𝗟𝗼𝗻𝗱𝗼𝗻 Anita Taylor, Michelle Mills 𝗔𝘂𝘀𝘁𝗿𝗮𝗹𝗶𝗮 Jonathan Walmsley, Ben Smith 𝗨𝗦𝗔: Nick Welsh, David Nicol, Bridget McCarthy 𝗘𝘂𝗿𝗼𝗽𝗲: Nick Paleocrassas, Máiréad Cremins   𝗠𝗶𝗱𝗱𝗹𝗲 𝗘𝗮𝘀𝘁: Sonia Patel, Aaron Faith 𝗚𝗹𝗼𝗯𝗮𝗹: Jonathan Marsden #partners #lateralpartners #remuneration #legalrecruitment #marsden

Many firms have been reporting their results and announcing partner promotions recently and there has been much talk about headline law firm earnings, PEP and increased profitability. Even if firms are doing well, some are changing compensation models to accommodate being able to pay their rainmakers more, either defensively or to attract new partner talent. Some partnership compensation ladders are being stretched to pay top partners more, the consequence of which is that partners in the middle ranks are being squeezed, and partners at the bottom are not progressing up through tougher equity gateways. Whilst money isn't everything, it is a significant driver for many partners, and compensation models do drive certain behaviours and can have a big effect on a firm's culture. There may be no perfect remuneration model that works well for all partners, but there are different  models that may work better for you. If you are not happy in your current firm, please contact me at sally.gardner@marsdengroup.com  or contact one of my colleagues: 𝗟𝗼𝗻𝗱𝗼𝗻 Anita Taylor, Michelle Mills 𝗔𝘂𝘀𝘁𝗿𝗮𝗹𝗶𝗮 Jonathan Walmsley, Ben Smith 𝗨𝗦𝗔: Nick Welsh, David Nicol, Bridget McCarthy 𝗘𝘂𝗿𝗼𝗽𝗲: Nick Paleocrassas, Máiréad Cremins   𝗠𝗶𝗱𝗱𝗹𝗲 𝗘𝗮𝘀𝘁: Sonia Patel, Aaron Faith 𝗚𝗹𝗼𝗯𝗮𝗹: Jonathan Marsden #partners #lateralpartners #remuneration #legalrecruitment #marsden

I am delighted to be recognised by The Legal 500 EMEA 2024 edition and for our Firm to be recognised as Tier 1 in 26 practice areas, more than any other law firm in Ireland 🏆 Many thanks to our clients and peers who have taken the time to provide feedback and who supported us in the last year. 🚀🚀🚀 #Legal500 #EMEA #Rankings #L500EMEA2024

We are pleased to share that for the 22nd consecutive year, MBJ was selected as a top-tier firm for #LaborAndEmployment in the Chambers and Partners Guide! The firm earned Band 1 designation, the highest ranking placement. Partners Jaclyn L. Kugell, Robert Joy, Nicholas DiGiovanni, and Gregory Manousos were also recognized as leading practitioners. Read more in the press release here: https://lnkd.in/eVBZh9HJ #ChambersAndPartners #EmploymentLaw

🏅 𝗦𝗼 𝗽𝗿𝗼𝘂𝗱 𝗼𝗳 𝗼𝘂𝗿 𝘁𝗲𝗮𝗺𝘀 who not only maintained but also improved their excellent rankings in The Legal 500, garnering additional praise in two new categories.   🌟 Some numbers that made us smile: ▸2 practice areas ranked in Top Tier 1 ▸12 practice areas highly recommended in other Tiers ▸1 practice area spotted in Firms to watch ▸4 leading individuals ▸4 next generation partners ▸4 rising stars   We warmly thank all our teams for their motivation and hard work. We are also very grateful to our peers and clients for their trust and top feedback. Yes, you made us blush, but loaded with extra motivation!   👉 Read the details here: https://lnkd.in/eb3sv-iK #leadinglawfirm #leadinglawyers #simontbraun #legalease #legal500

Yavan Brar, Managing Partner and Head of Corporate, along with Sophie P., Solicitor in our Corporate team, advised the founders of the Hawkins Group of Companies. “We are grateful to Yavan, Sophie and the team for their work on transitioning our company to an EOT. They navigated the intricate process of the transition with care and precision, giving all those involved clear understanding and peace of mind throughout the process.” Our Corporate team are dedicated specialists who work tirelessly to support their clients. Their proactive approach and meticulous attention to detail are consistently demonstrated in their work. Read full article here: https://lnkd.in/eiZgmqkU #CorporateLaw #LegalExperts #BusinessAdvisory

A certain amount of debate on our panel about whether it is a good idea for barristers to attend mediations. The answer is obviously yes (but depending on the barrister in question) - well I would say that. Anyway, since I did not articulate this fully at the time, I found myself waking up this morning with this poem half-formed in my mind… ——————————— Late March, and the mood is festive; Contra’s members, rude and restive; Seems the whole of Budapest is Overrun by barristers. Attending “Trusts in Litigation”, On a panel’s presentation: “Solving claims through mediation” - I’m the only barrister. “Barristers are too aggressive!” “On the law they wax obsessive!” “And their drafting’s unimpressive:- Never bring a barrister!” Cease this most unkind invective: Barristers can be effective; Help the client stay objective:- Always bring your barrister! Grant me just this small allowance: There’s a place for counsel’s talents. Let’s agree to split the balance:- Sometimes bring your barrister? So when you’re choosing legal forces, Remember, it’s a case of horses For courses; my call of course is:- Don’t forget the barrister!

🦉 Celebrating Our Interview with Shane Barber: Insights on Leadership, Networking, and Navigating the Legal Profession! We are excited to share the success of our CEO's interview today with Shane Barber, Country Head (Australia) and Partner at Bird & Bird, as part of our E2M Interview Series. Shane’s vast experience and insights into leadership, client-centricity, and networking will greatly enhance our "Elevate 2 Mastery" Masterclass Program. 🎓 This interview is now part of our masterclass resources, designed to empower early to mid-level lawyers, in-house counsel, and barristers to become trusted advisors within their firms, organisations, and chambers. Secure your spot by joining the waitlist today: https://lnkd.in/gXn5faZ5 Shane Barber’s top 5 tips for legal practitioners: ⭐ Lead by Example and Build Trust: Own your tasks, align with your firm’s vision, and build relationships through honesty and thoughtfulness. ⭐ Understand and Leverage Firm Structure: Recognise your law firm’s structure and its dual roles as a business and professional entity. ⭐ Cultivate Strong Relationships and Networks: Maintain strong relationships and adopt a collaborative approach. Networking is crucial—stay connected and build a solid professional network. ⭐ Overcome Imposter Syndrome with Support: Manage imposter syndrome by understanding your circumstances and consulting experienced professionals. ⭐ Navigate Office Politics and Engage Stakeholders: Engage key stakeholders and clients with a client-centric mindset, and maintain a work-life balance. More about Shane Barber: With 30+ years of experience advising major corporations in Australia’s knowledge economy, Shane Barber is a key adviser to one of the country's leading telecommunications carriers and technology suppliers. He specialises in regulatory issues related to emerging technologies, including payments and Fintech, and is recognised for his expertise in network rollout projects, including Vodafone’s joint venture with Optus. Shane previously served as Corporate Counsel to the Optus Group and President of Australia's Communications and Media Law Association and has been featured in Who's Who Legal, Best Lawyers, and Chambers Asia Pacific. Thank you, Shane, for sharing your expertise with us. Don’t miss this opportunity to learn from top professionals like Shane. #OWLead #OWLaw #Elevate2Mastery #ProfessionalDevelopment #Leadership #LegalAdvice #CareerGrowth #ShaneBarber #Lawyers #InHouseCounsel #Barristers