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I am a founder partner at a boutique (or, as people would call, a Tier III or even lower) law firm. This is the kind of situation we encounter often. The core issue is - (a) you have a more suitable offer (money, or type of work); (b) you would be unhappy / have a regret if you don't act on it; and (c) a lie often gets discovered. My advice would be to be gentle, sincere and truthful - explain the reason as a matter of fact (do not massage the reason - people can see through it). Do not prolong it, makes the situation worse (that you have known this for so long but did not disclose it). Some Partners would understand it, and the remaining would be displeased no matter what you say. However, the majority would appreciate the honesty a couple of years down the line (honesty/sincerity is in short supply).
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