SoFi Blog

If you’re a young lawyer working at a law firm, you probably envision being named partner someday. But, as you know, the road to partnership can be tough to traverse, even for the most prepared associate—and it’s only gotten more rigorous in recent years. Consider this: The number of equity partners at firms has increased by only 27% over the past 15 years, while the number of all other attorneys has increased by nearly 86%. Additionally, the demand for law firm services has been fairly stagnant for the past eight years, with the exception of a brief rise in 2011, according to the 2016 Report on the State of the Legal Market. The increasing competitiveness among firms has resulted in a thinning of the ranks for equity partners, which means a much longer timeline to being named one, if at all.

While you can’t predict whether you’ll be named partner, you still have significant ability as an associate to steer your career in the right direction. Because it’s now more difficult than ever to make partner, you’ll want to know if you are on the right track, so you can come up with a game plan to reach that goal more quickly—or decide whether you want to pursue other options.

Is 2017 the year you score a new and exciting job? If so, you’ll need a plan. Whether you want to move up within your current organization or land a bigger, better position elsewhere, here are six steps to help you think through your game plan.

Law careers are traditionally viewed as lucrative and enviable. Yet, many attorneys are saddled with mortgage-sized law school debt after graduation.

About five years ago, Harvard Law School left one law school grad and blogger, DebtFreeJD, with nearly $150,000 in student loan debt. After a few years of payments, she’d made a $25,000 dent in that total. Then, she and her husband made an ambitious vow to tackle her remaining law school debt in one year and two months—about the same amount of time it took to build the Empire State Building. Today, thanks to diligence and a refinance, she has earned her DebtFreeJD moniker.

We have seen some of the “Trump Trades” retrace a bit as equities have levelled off, interest rates have eased, and the dollar has weakened against both the yen and euro over the last week. The economic data continues to point to faster growth and accelerating inflation, but questions remain on whether the post-election euphoria will translate into increased spending.

New York real estate has much to offer depending on where you choose to live. The city that never sleeps has Central Park, the bright lights of Broadway, and countless restaurants with world-renowned chefs at the helm. The ‘burbs, on the other hand, offer large yards and more living space for your buck. Whether you’re ready to take on a borough or get away from it all, New York is a great place to call home.