As one of the most senior roles, partners at a law firm serve as directors and core leaders of their industry. As lawyers can choose to specialise in diverse fields, becoming a partner at a law firm can be a dynamic and rewarding on-site or remote job. Legal partners own a share of the company they work in, typically alongside other partners in their respective fields. In this way, they oversee day-to-day operations and works to ensure that all departments within the firm work effectively.
Additionally, legal partners maintain their relationships built with clients over time and continue to practice law. Aside from typical legal duties, legal partners help create financial goals for the firm and similar targets that will grow company profitability. In so doing, legal partners can ensure that any novel policy drafted in the firm abides by legal and compliance frameworks.
A dream legal job for many, becoming a partner at a law firm is no easy feat. It requires many years of valuable work experience and a dedication to the speciality you’ve chosen. In a law firm, there are two main types of partnerships you can pursue:
Aside from the above partnerships, such a job in Malta or elsewhere can be diverse in terms of equity status. A partner with equity is someone who earns revenue not just through an annual income, but also directly from the company’s payroll. This revenue is then shared among all equity partners. Equity partners can also choose to invest in the company and increase their shares in the hopes of gaining a higher return long-term. Considering this, non-equity partners do not share the same benefits and instead earns a fixed annual salary.
Legal partners combine their various interpersonal skills with leadership responsibilities in overseeing and supervising diverse internal processes. With this in mind, partners are able to effectively develop strategies and monitor progress over time. Whilst their specific duties and responsibilities will differ depending on the organisation’s size and industry, commonalities between them include:
Overall, the legal partner job in Malta or elsewhere can be highly dynamic, for these individuals work with numerous personnel to ensure smooth business operations. Their role is integral within organisations and the demand for talent in this area is increasing, especially as organisations adopt novel technologies and means to conduct everyday tasks.
The demand for legal partners is rapidly increasing, leading the career with fast-paced growth capabilities alongside impressive salary raises. The Castille Salary Survey is based on the average gross basic salary ranges we have seen offered in the local market over the last 12 months. This survey is updated quarterly, remaining representative of current market trends.
For a global perspective, it is worth keeping in mind that sources vary and are subject to change with time. Considering these variances, salaries for legal partner jobs consistently reflect an average salary ranging from $110,000 to $200,000 a year. These numbers vary according to level of experience, specialisation, and other associated living costs.
Like many on-site or remote jobs, the career trajectory for legal partners is a lengthy and committed one. Prospective lawyers must generally pass law school and external examinations in order to obtain their warrant to practice law. Then, you should begin your work experience as an associate at a law firm—entering the competitive feat of many associates wanting the same achievements as you. Becoming a partner does require the traditional educational background of a lawyer, and then requires a speciality.
As you enter the workforce and begin building your repertoire of clients, you can continue to gain experience and build positive client relations. Then, it’s time to specialise. You can observe the speciality achieved by partners in your current firm or find an area you’re interested in. Any additional qualifications you can gain in the domain chosen is a bonus to employers and displays your commitment to the field.
It's worth noting that albeit your educational background is important to achieve, becoming a legal partner requires more than good qualifications. You need to build a positive reputation among your professional network and succeed in taking on cases. To help you achieve partnership, you can also look at mentorship opportunities with somebody who has similar interests to you.
As a collaborative job, it’s no wonder that legal partners gain their skills in ones such as communication and problem-solving. In working with various office functions, other trending technologies and skill sets include:
The above illustrates the general skills of such a job that is focused around supporting business professionals whilst ensuring internal structures operate well. They understand current business objectives and help amend these during shifting workplace trends.
Legal partners typically work in various office environments, including a work from home job. They collaborate with diverse personnel frequently and facilitate internal and external communications. The consistent use of valuable hard and soft skills employed by the legal partner is transferable across organisations, meaning these individuals are able to work in diverse workplace settings.
For jobseekers interested in pursuing a career path as a legal partner, individuals should work to gain valuable work experience in any preferred industry. Applicants must consider their area of specialisation thoughtfully and apply for jobs that are relevant. Legal partners can continue to improve their strategic and soft skills through independent learning and keeping up with workplace affairs.
Now that you’ve critically assessed what working as a legal partner is about and whether it is right for you, you are able to kickstart your career in this ever-growing field. As technology and the workforce continues to rapidly advance, the role of a legal partner remains a career suitable for the long-haul.