Dear Jane: Do I Really Have to Aim for Equity Partner?

by 352admin 28. February 2013 12:11

Dear JaneDear Jane,

I just made non-equity partner at my firm. I'm pretty sure that I do not want to be an equity partner. How long can I just coast along as a non-equity partner?

Keeping My Head Down


Dear Keeping My Head Down,

You do not indicate why you don't want to be an equity partner. Is it because you don't feel like you can generate the business necessary to be considered? Is it because the requirements appear to be a moving target? Is it because it appears to be too difficult to attain so it's easier not to try? One thing that is certain, if you do not actively pursue equity partnership, it is highly unlikely to happen.

As long as you are at the firm, your outward goal has to be equity partnership, whatever your real goal is personally. Equity partnership is how the organization you work at defines success, and consequently, if you are there, you need to be moving towards success.

Jane DiRenzo Pigott is the managing director of R3 Group LLC, specializing in working with professional service organizations on leadership and change in connection with diversity and inclusion. Before founding R3 Group, she practiced law for more than two decades at large law firms where she chaired a practice group, served on the executive management and compensation committees, and founded and ran diversity initiatives and affinity groups.

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Dear Jane

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