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#76: Entering or Re-entering BigLaw as a Lateral Partner: What Experienced Lawyers Can Overlook

Big Law Life

Release Date: 06/11/2025

#90: How to Handle Ambiguity in BigLaw Assignments show art #90: How to Handle Ambiguity in BigLaw Assignments

Big Law Life

One of the toughest parts of BigLaw life is dealing with unclear or contradictory instructions. Partners often send cryptic emails, clients can be vague, and deadlines shift without explanation. You can waste hours second-guessing what a partner really wants. Or you can get smart about how to deal with ambiguity and recognize that mastering it is part of the job in BigLaw.  In this episode, I share the practical strategies you can use to navigate those moments, from clarifying vague assignments without pestering, to using timeboxing and judgment calls when no direction is available. I...

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#89: How BigLaw Measures Profitability and What It Means for Your Career show art #89: How BigLaw Measures Profitability and What It Means for Your Career

Big Law Life

Profitability is a word that makes many lawyers cringe. We know firms measure it, but the methods and metrics often feel murky—or worse, toxic to firm culture. Still, ignoring profitability is not an option if you want to succeed and thrive in BigLaw. In this episode, I break down what profitability really means inside large firms, why it’s far more than just gross billings, and how to take control of the numbers that impact your compensation, partnership prospects, and long-term career.  From cost structures and volume to realization and collections, I share how firms evaluate...

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#88: How Strategic Planning Can Help BigLaw Attorneys Succeed in Their Firms - with Sheri Palomaki show art #88: How Strategic Planning Can Help BigLaw Attorneys Succeed in Their Firms - with Sheri Palomaki

Big Law Life

Strategic planning often feels like corporate jargon that doesn’t belong in law firms. Yet without a clear plan, too many lawyers end up chasing random opportunities, wasting time, and missing the clients and matters best suited to help them succeed with building their practice and their business.  In this episode, I talk with Sheri Palomaki, Director of Practice Operations at K&L Gates [Energy, Infrastructure, Resources] about why strategic planning is a critical skill for lawyers today, what makes it so difficult in our environment, and how attorneys in BigLaw can use practical...

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#87: How BigLaw Lawyers Can Succeed at Business Development Without Firm Support show art #87: How BigLaw Lawyers Can Succeed at Business Development Without Firm Support

Big Law Life

Building and sustaining a practice in BigLaw can sometimes feel like you’re carrying the entire business development and marketing load yourself. From writing client alerts and chasing follow-ups to hosting webinars and developing leads, many lawyers know the frustration of not having enough support from firm marketing and business development teams.  In this episode, I break down how to work smarter with the limited internal resources you may have -- even in a BigLaw firm -- where and how to create repeatable business development habits, how to leverage platforms outside your firm, and...

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#86: What Your BigLaw Firm Really Means When It Says You’re Not Ready for Partnership show art #86: What Your BigLaw Firm Really Means When It Says You’re Not Ready for Partnership

Big Law Life

Making partner in BigLaw is rarely a straightforward path and the feedback you get from your firm can be really cryptic. In this episode, I break down common things firms say to explain why they’re holding off on your promotion and what they really mean. We go deeper into three of the most frequent partnership “holding patterns”: the need for more visibility, more business development, and more leadership.  I share exactly how each one shows up in day-to-day practice, the actions that actually move the needle, and the questions you should be asking to turn vague guidance into a...

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#85: Why BigLaw Partners Still Need Learning & Development—Leigh Riley on How Foley Built a Program That Delivers show art #85: Why BigLaw Partners Still Need Learning & Development—Leigh Riley on How Foley Built a Program That Delivers

Big Law Life

The legal industry has long assumed that once you make partner, you no longer need training. But as law firm operations have become more complex, and leadership expectations more demanding, that mindset no longer serves the firm or its partners. In this episode, I talk with Leigh Riley, a longtime partner at Foley & Lardner and architect of the firm’s PEAK (Partner Excellence Actionable Knowledge) program, which is redefining what professional development looks like for senior lawyers. Leigh shares the real-world gaps she experienced after making partner and how she helped build a...

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#84: Finding Ways to Raise Your Visibility in BigLaw When You Lack External Opportunities show art #84: Finding Ways to Raise Your Visibility in BigLaw When You Lack External Opportunities

Big Law Life

When you’re early in your legal career—or even well into it—it can feel like raising your professional profile is only possible if you’re already visible. But in this episode, I share how lawyers at all levels can expand their reputation strategically, even without headlining conferences and events, or getting opportunities to publish in legal journals and publications. I walk through the barriers lawyers face with getting more external visibility, including for attorney working in-house or at firms with less resources or ability to assist their practictioners, and break down...

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#83: Business Development in BigLaw: Structural Barriers No One Talks About show art #83: Business Development in BigLaw: Structural Barriers No One Talks About

Big Law Life

If you've ever wondered why business development in BigLaw feels so slow, frustrating, and opaque even when you're doing everything right, this episode is for you. I break down the structural and strategic reasons many top-tier BigLaw attorneys struggle to build books of business.  From long sales cycles to limited access to decision makers and visibility issues within firms, I explore what’s really going on beneath the surface. If you’re doing all the “right” things but not seeing results yet, I walk through the key signals that you’re still on the right path and why your firm...

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#82: Fighting Back Against Credit Theft in BigLaw show art #82: Fighting Back Against Credit Theft in BigLaw

Big Law Life

If you’ve ever lost credit for work you led, grown a client relationship that someone else now claims, or watched a colleague take center stage at a pitch you prepared, this episode is for you. I walk through what professional credit theft looks like in Big Law and how to respond in a way that’s smart, strategic, and fact-based. Whether it’s origination, execution, or visibility, losing credit can hit your comp, promotion, and internal standing hard, and it can happen pretty often in law firms. I break down how to document your contributions, when (and how) to raise the issue, and what...

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#81: Why BigLaw Lawyers Struggle with Clear Communication—and How to Fix It show art #81: Why BigLaw Lawyers Struggle with Clear Communication—and How to Fix It

Big Law Life

If you’ve ever found yourself rewriting an email ten times, hedging every sentence in a memo, or avoiding a hard conversation with a colleague or client—you’re not alone. In this episode, I dive into why communication is one of the most underestimated challenges in Big Law, and how it can make or break your success. Lawyers are trained for precision and risk mitigation—not for clarity or connection. And firm culture only reinforces that. But when your writing is dense, your feedback is vague, or your tone is overly formal, it’s not just style—it’s a barrier to effective...

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More Episodes

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 resources to ask about and people to meet with before your first day, and how to set yourself up for success in your first year, particularly if business development support is limited. If you’re an experienced practitioner considering a move to Big Law, this episode will help you think through what you need to know before you sign.

At a Glance:
00:00 Why this episode matters for returning or first-time Big Law partners
01:20 Common motivations for moving to Big Law from solo or small-firm practice
02:07 Equity vs. non-equity partner status—what to clarify and why it varies
03:07 Key comp variables: point charts, bonus eligibility, and guaranteed years
04:16 What solo and small-firm lawyers may overlook about health and retirement costs
05:08 Capital contributions, K-1s vs. W-2s, and hidden costs you should ask about
06:22 What firms are really hiring you to do—it may not be to help with someone else’s book
07:17 Why low-rate clients may become an issue, even if you bring a full pipeline
07:39 Metrics that matter in Big Law—what you’ll be evaluated on annually
08:03 The illusion of collaboration—why many firms still operate in silos
08:45 What to do if you’re expected to originate work immediately
09:05 Why you need to meet practice management, pricing, and BD leaders before signing
09:49 Understanding what the platform really offers—and where it may fall short
10:39 You will be held accountable for profitability—ask who’s helping you deliver
11:05 Don’t assume resources will be available when you arrive—get clarity in advance
11:26 Why you need a marketing and BD plan in place before day one
12:14 Smart strategies for integrating internally and externally
12:35 What your BD budget should include—and how to advocate for it
12:59 Why assuming flexibility or financial support will be there without a solid plan
13:27 The value of engaging internal BDs to champion your strategy
13:51 Final reminders: the questions to ask, the pitfalls to avoid, and how to make the right move

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Do you enjoy listening to Big Law Life?  Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. 

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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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www.lauraterrell.com 

[email protected]  

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Show notes: https://www.lauraterrell.com/podcast