4 August 2008
23 May 2013
18 October 2013
30 September 2013
26 September 2013
10 April 2013
Senior associates willing to transfer from London to other jurisdictions are having their path to partnership put on the fast-track.
As The Lawyer revealed last week (28 July), Denton Wilde Sapte is drafting a formal policy to encourage senior associates to join the firm’s international offices.
The policy could even go so far as offering guaranteed partnership within a year of service outside London, with Dentons currently targeting the Middle East.
Other City law firms have not opted to go down the formal policy route, preferring instead to ;deal ;with promotions on a case-by-case basis.
Eversheds Middle East ;managing partner Chris Jobson, who recently transferred four London associates to the firm’s new Abu Dhabi base, says prospects for UK lawyers tend to be better once they have worked abroad.
“Hong Kong in the 1990s is a case in point, as many associates found themselves ;quickly ;reaching partnership locally or, when they went back to HQ, saw themselves fast-tracked as they had that little bit extra,” he says.
The Middle East chief adds that associates who enter jurisdictions that are “expanding and flourishing” generally find that their prospects will also “expand and flourish”.
“It’s for that simple reason that a formal policy for us just doesn’t seem necessary,” he says.
Norton Rose HR director David Simons also believes his firm should keep the process informal.
“We don’t go all-out to offer incentives to senior associates looking to transfer. The main thing is to make sure they don’t lose out financially,” explains Simons. “It’s something that we encourage our senior associates to do as it’s good for their careers and future prospects.”
Eversheds and Norton Rose are not alone in preferring to whisper “job prospects” in the ear of an associate as a way to entice them out of London. Insiders at Clyde & Co, Lovells and magic circle firms including Freshfields Bruckhaus Deringer and Linklaters say their firms also play the informal fast-track card.
“It’s not done overtly. So there’s nothing like, ‘Go to X and get promoted in two years as opposed to 10’,” says a Clydes insider. “It’s more, ‘this will give you something on your CV that will make you stand out’. At the end of the day, though, it means the same thing.”
Magic circle firms occasionally put relocation costs on the table, but again the international experience is also seen as a plus on the road to partnership.
Not all firms offer career incentives, be it formal or otherwise.
At ;CMS ;Cameron McKenna no offers are put on the table to move associates from more heavily staffed offices to those in need. The firm’s director of people and development Diane Gwynne says its associate to partner route is fairly even throughout its offices at the moment. As a result Camerons “does not offer special incentives for senior associates to move jurisdictions
But the simple message from most of the firms is: if you want to become a partner sooner rather than later, then get out of London.