California does not offer bar exam reciprocity, so out-of-state attorneys must take the California bar exam. However, experienced attorneys may qualify for admission by motion under specific circumstances.
Private equity funds focusing on emerging companies create significant lateral opportunities for corporate attorneys. These funds drive demand for specialized legal services in M&A, securities, and regulatory compliance as their portfolio companies scale.
Yes, salary negotiation is possible during lateral moves, though the flexibility varies significantly by firm size, market conditions, and your leverage. BigLaw firms typically have more rigid pay scales, while mid-market firms often offer greater negotiation room on base salary and bonus structures.
Equity partnership means owning a stake in the firm with voting rights and profit-sharing, while non-equity partners receive salary/bonus without ownership. Equity partners typically earn significantly more but face greater financial risk and responsibility.
Building a portable book requires years of relationship investment, starting with your current in-house network and industry contacts. Focus on becoming a known expert in your practice area while systematically nurturing professional relationships that could generate referrals.
Evaluating firm culture requires a multi-pronged approach combining strategic interview questions, reference checks with current associates, and analyzing concrete data points like turnover rates and advancement timelines. Focus on speaking with attorneys 1-2 years senior to your level and asking specific questions about work-life integration and professional development.
A strong lateral resume emphasizes concrete deal experience, quantifiable achievements, and relevant skills rather than law school credentials. Focus on demonstrating your value through specific transactions, client matters, and practice area expertise that aligns with target firms' needs.
Generally, keep your job search confidential until you have a firm offer. However, there are strategic exceptions where early disclosure might benefit your relationship with current employers.
Fenwick & West is an excellent choice for mid-level corporate and technology associates, particularly those with startup or emerging company experience. The firm's market-leading position in Silicon Valley tech transactions creates strong advancement opportunities for laterals with relevant backgrounds.
The right time for a lateral partner move depends on market demand for your practice, your book's true portability, and your firm's trajectory. Strong lateral markets and personal growth momentum often align with optimal timing.
In-house lawyers serve as internal legal counsel for corporations, handling everything from contract negotiations to regulatory compliance. They typically enjoy better work-life balance than firm attorneys but may sacrifice some compensation upside for stability and direct business involvement.