Associates Look to Midsize Firms for Experience, Stability
Scott Mollen, partner and co-chair of Herrick's Real Estate Department, is quoted in a New York Law Journal report that addresses the lateral movement of associates from large firms to midsize and small firms. Explaining that large firm associates are attracted to midsize firms "because they offer a faster track to partnership, greater client exposure and the ability to build a practice because of more competitive billing rates," Scott notes that associates may have felt they were "getting lost in the larger firm." He also addresses the common complaint that, while associates from larger firms routinely bring first-rate credentials, they often lack the hands-on experience a midsized firm is looking for. "Small and midsize firms recognize that associates from larger practices may have less hands-on experience," Scott concedes, but adds that it's only a problem if the smaller firm doesn't recognize other factors, such as the careful screening they've usually gone through as well as the superb credentials and training.