Are you a law firm partner? Could you find your “new home” at Nexa?
Becoming a partner in a law firm is understandably the pinnacle of many lawyer’s careers. Gaining recognition for your hard earned experience and expertise, not to mention enjoying enhanced financial rewards from all your work is an ambition that makes perfect sense.
However, according to a survey published earlier this year in The Legal Gazette, significant numbers of law firm partners are seriously considering leaving their current partnerships.
So, what changes? What drives law firm partners to leave their law firms?
At Nexa, we have many consultants working with us who were previously partners at traditional law firms and here’s some anecdotal evidence about what nudges people to make a change:
- The burdens of administration that you pick up as a partner such as managing staff, dealing with regulation and compliance duties like being a COLP or renewing the PII. These take up huge amounts of time and remove you from your clients and the day-to-day practice of law – the very thing you went into the legal profession to do.
- The politics – navigating your way through operational and strategy issues with many strong personalities and divergent views within a law firm can be wearing.
- Not enjoying the full financial rewards of work that you generate and carry out.
- Not being able to do the work you really want to do and doing lower quality work, having to subjugate your own interests for the sake of the firm’s business.
- Being constrained by the firm’s own brand and values, having to conform to a “type” as a partner and not being able to truly be yourself.
- The lack of flexibility, having to be present and visible at all times and not having the freedom to work when and how you want to.
- The pressures on family life, missing out on important moments in your children’s life. Feeling like you have no control over your work/life balance.
The best of both worlds at Nexa
Switching from being a partner at a law firm to becoming a self-employed consultant on Nexa’s platform gives our lawyers the best of both worlds – all of the positives with none of the negatives of traditional law firms.
Our lawyers are still their own boss and are essentially running their own business but on a smaller scale. This makes life less complicated and allows for much greater flexibility.
We take care of all the administrative burdens, dealing with regulation, compliance, insurance and billing matters, leaving our lawyers free to do the work they love and provide a great service for their clients – increasing job satisfaction and wellbeing.
We also provide our consultants with all the IT support they need. We enthusiastically embrace innovation in all its forms, keeping a watching brief on the tech space for new products and services which could help our consultants work smarter.
A frictionless working environment
While they are still free to employ their own staff if they want to, our lawyers can also work effectively with us as one man or woman bands. No one at Nexa imposes any targets or work requirements, our lawyers really can please themselves in our frictionless working environment.
Financial rewards
The potential financial rewards are limitless for entrepreneurial consultants. Our charges for the support we provide are totally transparent and market leading.
Our culture
We are very proud of our supportive, healthy culture at Nexa; we are a community of open-minded professionals who are pleased to collaborate and help each other – there is no hierarchy or politics at work here!
Want to find out more?
Take a look at some of our previous blogs: Law firm partners looking to go it alone: have you considered Nexa? And Sole practitioner SOS – could Nexa be the life raft you are looking for?
To find out what’s on offer with Nexa in greater detail, check out our careers pages here or, have a look at our brochure. For a confidential, no obligation chat, contact David Roth.