Technical knowledge is a must because the client (even if the client is a friend) is coming for a legal advice and wants comfort that they are getting best advice possible. Personality obviously matters (person has to be nice to talk to and work with anything more than that is in favour of the partner).
While it may seem that senior partners only wine and dine with important clients and give instructions to the team, but that's not how it works in real life as these senior partners have to be part of the big transactions and work (again not saying that its gonna be brutal as other team members), the point being no one sits pretty and make money!
2. And, if it is about trust, does that mean that it is extremely hard to create a new client base for a new entrant? If so, how does a big mandate shift from one partner/firm to another?
"They are getting the best possible advice"But does billing rate/total bill become irrelevant? (Since money is just a construct at a certain point for some people.) A client from high places would definitely have the network to know how to ask around, right?
But still. Question stands - and I want to avoid taking specific names of rainmakers unless more irrelevant comments come on -
These senior partners also have very long hours (although not as usual as the junior partners/associates). Know of a senior equity partner who pulled 2 back to back all nighters in office during a signing.
Gut level, is it really about long standing carefully curated relationships?
There are rainmakers, and then there are rainmakers. 🐎
In top firms, how much is the founder's pull on bringing in business?
Are there partners that only work on rainmaking full time and zero execution? Is that possible, rewarded and respected?
While it may seem that senior partners only wine and dine with important clients and give instructions to the team, but that's not how it works in real life as these senior partners have to be part of the big transactions and work (again not saying that its gonna be brutal as other team members), the point being no one sits pretty and make money!
2. And, if it is about trust, does that mean that it is extremely hard to create a new client base for a new entrant? If so, how does a big mandate shift from one partner/firm to another?
"They are getting the best possible advice"But does billing rate/total bill become irrelevant? (Since money is just a construct at a certain point for some people.) A client from high places would definitely have the network to know how to ask around, right?
But still. Question stands - and I want to avoid taking specific names of rainmakers unless more irrelevant comments come on -
The cloud seeding jokes are funny indeed (and also not marked trollish, surprisingly) but let's leave that to Dubai.
While you're at it, get 1Litre mogumogu on zepto