September 22, 2015
A Precedent report highlighting Canadian law firms that are modernizing the traditional legal career path features commentary by Torys’ Counsel Tom Yeo and Director of Professional Resources Deborah Dalfen. This emerging trend allows select senior lawyers the possibility of continuing their practice within the firm without many of the historical pressures associated with entering the partnership. Below is an excerpt of the article.
It’s not yet widespread, but in recent years some of the largest firms on Bay Street are ditching the “up-or-out” model….Rather than forcing out every lawyer not cut out for partnership, these firms now allow certain top-calibre lawyers, whose work remains profitable for the firm, to stay at the firm in associate or counsel roles.
“Offering alternative career paths is about retaining excellent lawyers who may not want to deliver at the same intensity as partners,” says [Deborah] Dalfen. “We want them to know they can stay here and have a long-term career.”
To read the full article, click here.