The Art of the Deal: know when to hold and when to fold.
Law firms are desperate for talent and there has never been a tighter job market, even after COVID. You never know when someone may ask you if you would like to work for them.
Get it right, be prepared to answer the question, “What are your salary requirements?” When valuing your worth know this. It is not about your experience or your previous salary. What it’s really all about what you bring to the table.
The top law firms are competing for the top talent and the candidates know it.
“My job as a recruiter is a balancing act. I have to find the right talent for my client and negotiate the right salary for the candidate as well. It has to work for both sides,” Shari Davidson – President of On Balance Search Consultants. It really gets down to finding the perfect fit for both the candidate and the law firm.
Don’t think that you’re immune to the new laws regarding disclosing your salary history. Think again. Invariably it gets down to what your number is.
When asked about your salary expectations, have a well-thought-out answer. Learn as much as possible about the position. Know your value in your market and work with a legal recruiter who has insider information about the firms and practices you would like to work for.
Do your research.
When coming up with a salary range, qualify the low-end number with other compensation. Such as benefits, path to partnership at the firm and a flexible work schedule. If that is important. Always give your high number first. Justify your worth based on your experience, education and skill set. Your base number should be what you are willing to take.
Time is money.
Law firms and recruiters use smart technology and data to weed out candidates. When the offer is on the table, don’t dilly dally. Be respectful and get your answer quickly to the firm. You don’t want to burn bridges at the offer level.
Be true to thy self.
If you don’t feel the firm is right for you. Just say no. You’ve got to know when to hold ’em , know when to fold ’em . . .
Play your cards right and you are off to a good start to negotiating the best offer.
About: On Balance Search Consultants
On Balance offers great insight and industry intelligence. Shari Davidson, president of On Balance Search Consultants, advises experienced attorneys at every stage of their career to take them to the next level. From making the lateral partner move to succession planning.
Shari takes a proactive approach to advising law firms on how to take a firm to the next level and helps rising talent make the transition to the right law firm. On Balance Search identifies opportunities that exist today, not down the road.
Contact us today. Call 516-731-3400 or visit our website at https://onbalancesearch.com.
Please note that the content of this blog does not constitute legal advice and is only intended for the educational purpose of the reader. Please consult your legal counsel for specifics regarding your specific circumstances and the laws in your states pertaining to social media and any legal restrictions regarding the law.