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Want to know what it takes to become a partner at a Big 4 firm such as EY, Deloitte, KPMG, and PwC? Making partner at such a huge accounting or consulting firm is the ultimate accomplishment for an Accountant or Consultant, however, many talented professionals fail to make the cut. To help give you the…
It’s a question that most junior members of a firm want to ask: “How long does it take to make partner?” It’s even more difficult to answer. You can work all your life and still only reach the position of a Director or you could defy the odds and make partner by the age of…
When a lawyer “makes partner,” they transition from being an employee of the firm who is paid a salary to become a part-owner of the firm and share in the firm’s profits and liabilities. This is what many conclude when they think of making partner, but what does it really mean to be a partner…
Do you really want to make partner? Making partner is the ultimate career milestone that many employees at law firms and investment banks strive for, but it’s not as lavish as it seems. To show you both sides of the golden coin, here is the true cost of making partner. What ‘making partner’ meant 20…
When lawyers make partner they transition from an employee of the firm to a self-employed individual who owns a share in the firm. This means that the way they get paid is very different. To address the question “how do law partners get paid?” here is a quick breakdown of how the compensation system works….
How do you not get overwhelmed when planning your career goal from senior manager to partner? Planning to get to the next stage of your career can be overwhelming, especially when you are on a track from being a senior manager to partner. So how do you not get overwhelmed? How do you handle the…
One question I’m often asked is how do you make time for your own career? After all, if you don’t make time for your career, life happens and you watch your peers (or even the people who qualified after you) overtake you and get promoted ahead of you. But how do we make time for…
Feeling stuck in a career rut? Do you feel like you’re spending your days working just on the “day-job” and you don’t have time for anything else? It is pretty common for lawyers, accountants, and consultants in practice to feel overwhelmed with work. However, this leads to not spending the time that you need to…
I’ve had many of conversations with people about their future career plans. This blog post explores why it is so hard to not want to go for partner even when you know it’s not the right thing for you. The problem You’ve been in professional practice for pretty much all of your working life. That…
When is it a good time to move to a partner role in another firm, and when should you stay put? This was the recent question that I was asked. This is the answer I gave: Does your current firm make you happy? It can be very tempting to jump ship for a partner role…
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