Currently working as a brand consultant for a law firm branding and management agency, and I like it a whole lot more than practicing. Want to understand the growth trajectory and payscale of BD/ KM/ Branding roles in law firms and specialised agencies.
Wholly depends on the skillset and understanding of the work profile. Every firm has different understanding of BD role and thus distinct requirements from anyone who joins these teams.
Payscale wise, for freshers at any Tier 1, the pay is 30% less to an AO salary. For any lateral joiner, since there is not much data about it, the last drawn salary is usually taken into account. Also, select Tier 1 firms have dedicated teams who handle separately 1. BD 2. KM 3. Strategy 4. Website/Graphics 5. LegalTech.
In terms of growth, either you scale upto the heights of becoming the Practice Management Head or you can open your independent agency (much like in lawyering - Partner, or independent counsel practice).
This is very helpful. However, the cause of my confusion is just that - lack of an industry-wide streamlined understanding of what BD entails. I am not sure which exact skills to acquire/ hone to reach a mid-managerial level in, say, 2-3 years.
Any insights would be super helpful!
https://superlawyer.in/neha-kashyap-head-business-development-strategy-azb-partners-talent-recruitment-business-development-core-legal-practice/
This website has more interviews of similar people in BD roles
Payscale wise, for freshers at any Tier 1, the pay is 30% less to an AO salary. For any lateral joiner, since there is not much data about it, the last drawn salary is usually taken into account. Also, select Tier 1 firms have dedicated teams who handle separately 1. BD 2. KM 3. Strategy 4. Website/Graphics 5. LegalTech.
In terms of growth, either you scale upto the heights of becoming the Practice Management Head or you can open your independent agency (much like in lawyering - Partner, or independent counsel practice).