#76: Entering or Re-entering BigLaw as a Lateral Partner: What Experienced Lawyers Can Overlook
Big Law Life
Making the decision to pivot to or re-entering Big Law after time in a smaller practice—whether solo or at a boutique firm—is not a decision to make lightly. In this episode, I lay out what every experienced attorney should evaluate before making the leap to a large firm. From navigating equity status, benefits and health insurance costs, to understanding the real expectations around origination credit, profitability metrics, and collaboration—you’ll hear what questions to ask and areas to do your due diligence on now to avoid misalignment later. I also cover what internal...
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#75: How GenAI Could Totally Change BigLaw’s Talent and Comp Structure - With Keith Maziarek
Big Law Life
As the legal industry reckons with the growing influence of generative AI and automation, law firms are facing far more than just new tools—they’re confronting a fundamental shift in how talent is managed, work is structured, and value is delivered. In this episode, I’m joined by Keith Maziarek, a Big Law expert in strategic pricing and legal project management, to talk about how AI is reshaping the legal talent model and how firms will measure and track value—from flattening the traditional associate pyramid to forcing firms to rethink hiring, development, and retention strategies....
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#74: How to Differentiate Yourself in a Crowded Legal Market
Big Law Life
When it feels like you’re one of thousands of lawyers competing for the same clients, even within your own firm, differentiation becomes critical. In today’s episode, I talk about how to stand out when everyone around you seems to have the same credentials, practice area, and experience. I walk through tangible steps you can take—starting today—to position yourself as a go-to expert by identifying what makes your legal practice different and making that difference obvious to clients, partners, and prospective business. From narrowing your niche to using specific language that paints a...
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#73: What Lawyers Wish They Knew Before Picking a Practice Area
Big Law Life
In today’s episode, I walk through one of the most important—but often rushed—decisions in a legal career, choosing a practice area. Whether you're a junior associate deciding where to start or a mid-level lawyer rethinking your long-term fit, this episode lays out ten insights lawyers frequently wish they'd heard before committing to a specialty. I unpack what day-to-day work in different practice areas actually looks like (not just what it sounds like on paper or in theory), the types of clients and stressors you can expect, and how to think about exit options, marketability, and...
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#72: How to Assert Yourself in the BigLaw Sandbox
Big Law Life
In today’s episode, I dive into the complex dynamics of self-advocacy inside Big Law firms—especially when you know stepping up may trigger pushback or quietly harm your reputation. I talk about what it really feels like to raise your hand in an environment where power dynamics are murky, and how to do it strategically so you're not sidelined for asking for what you've earned. Whether you’ve been burned in the past or you’re simply unsure how to assert yourself without risk, I break down practical ways to navigate firm politics, advocate for your own advancement, and shift how...
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#71: Succeeding in BigLaw Without Origination Credit
Big Law Life
In today’s episode, I tackle one of the most frustrating challenges lawyers face as they move up the ranks in Big Law: how to demonstrate value when you don’t have origination credit. I’ve seen far too many talented attorneys get left out of compensation conversations, passed over for opportunities, or feel stuck because they seemingly rely on others to bring in work—even when they’re the ones clients actually trust. I break down real-world strategies to change how you’re perceived inside your firm and with recruiters, even if you’re not the billing or relationship partner...
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#70: Navigating a Down Market as a BigLaw Attorney
Big Law Life
In today’s episode, I’m diving into how to stay strategic when the legal market slows or your practice area begins to shrink. These shifts are inevitable in any long-term legal career but how you respond can define your next chapter. I walk through how to assess whether you’re facing a temporary dip or a deeper structural change, and how to use that insight to proactively adapt. Whether you’re exploring a pivot within your firm, aiming to future-proof your practice, or quietly preparing for a move, this episode gives you a clear roadmap to act with confidence rather than panic. I...
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#69: Stuck at Your Law Firm? How to Stay Strategic Until You Can Move
Big Law Life
In today’s episode, I talk about something many lawyers experience but rarely discuss: what to do when you’re ready to leave your law firm, but you haven’t yet found the right opportunity. Maybe the market’s slow. Maybe your book isn’t portable. Or maybe nothing else feels like the right fit yet. Regardless, being stuck in limbo is frustrating—and it can quickly tank your motivation, reputation, and future options if you’re not intentional. I share what to focus on now, even if you’re in survival mode, to preserve your professional standing and prepare for your next move. From...
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#68: Five Misunderstandings That Hold Back Lawyers in Big Law
Big Law Life
In this episode, I share the top five misconceptions I see lawyers make—even the most brilliant ones—about working in Big law firms. These aren’t just abstract ideas. They’re real misunderstandings that I’ve seen derail careers, slow down progress, and create unnecessary frustration for talented attorneys. Whether you're aiming for equity partnership or trying to better understand the business side of firm life, this episode will help you avoid common pitfalls and make smarter decisions. I unpack why revenue doesn’t automatically equal profit, why strong legal skills alone won’t...
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#67: Even More Questions Associates Are Asking About BigLaw
Big Law Life
In today’s episode, I discuss more of the pressing questions and challenges that associates in BigLaw frequently face, including how much you should be checking in when you're out on vacation; how much face time is enough; what to consider before requesting a transfer to another office; and whether you should stay in your law firm if you're less than thrilled with life in BigLaw after less than a year. At a Glance: 00:00 Introduction: Big Law Associate Advice 01:19 Should you check emails while on vacation? 03:25 Why even a 5-minute daily check-in matters 03:52 How often should you be in the...
info_outlineIn this episode, I share the top five misconceptions I see lawyers make—even the most brilliant ones—about working in Big law firms. These aren’t just abstract ideas. They’re real misunderstandings that I’ve seen derail careers, slow down progress, and create unnecessary frustration for talented attorneys. Whether you're aiming for equity partnership or trying to better understand the business side of firm life, this episode will help you avoid common pitfalls and make smarter decisions.
I unpack why revenue doesn’t automatically equal profit, why strong legal skills alone won’t win you clients, and why firm culture matters more than many attorneys realize. I also challenge the assumption that every client is worth keeping and share the overlooked business and interpersonal skills that set successful lawyers apart.
At a Glance:
00:00 Introduction to Big Law Life
01:20 The five biggest misconceptions lawyers make about firm life
02:41 Why revenue does not equal profit—and how high billables can still hurt the bottom line
04:31 Real-world examples of high-revenue, low-profit partners losing firm support
04:57 Why legal talent alone won’t win clients—and what actually builds lasting relationships
06:21 Personal branding: Why your firm’s bio isn’t enough
07:44 If you avoid business development, firm life may not be for you
08:28 Firm culture isn’t the same everywhere—key differences that impact your daily work
09:50 What leadership structures say about your firm’s values
11:03 Not every client is a good client—and how to assess whether to let them go
12:02 What non-paying and discount-demanding clients cost you
13:01 When long-term loyalty no longer makes financial sense
14:09 If your client puts your ethics at risk, they’re not worth keeping
14:29 Great legal and business skills aren’t enough—you also need leadership and relationship management
15:38 Why strategic planning, delegation, and feedback matter just as much
16:26 Law firms now train lawyers on client business issues—because clients expect it
16:54 Your internal reputation isn’t just about legal wins—it’s about how people feel working with you
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Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting?
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Show notes: https://www.lauraterrell.com/podcast