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What are people thinking about this new boutique firm? Got some outreach regarding and curious.

Bumping this - any insight? Dangerous to join early on?

Anonymous User wrote: ↑

Wed Mar 27, 2024 12:16 am

Bumping this - any insight? Dangerous to join early on?

Also curious. How much business did Elsberg take/how much damage was done to Selendy in the wake of the big exit?

Anonymous User wrote: ↑

Wed Mar 27, 2024 12:16 am

Bumping this - any insight? Dangerous to join early on?

Of course it's dangerous. Being one of the first 20 attorneys at a successful law firm is highly lucrative but we can only speculate how successful they'll be. There's too much luck involved, especially with a tiny plaintiff-side firm. Read the recent NYT piece about Clare Locke to see how it can go wrong. Read about the early days of [insert successful firm younger than 50 years] to see how it can go right.

You're mainly asking (1) how much faith you have in the founding partnership and (2) how entrepreneurial/risk-accepting you want to be. The first question is pretty subjective and the second is completely internal to your own personality.

Anonymous User wrote: ↑

Thu Apr 11, 2024 9:03 pm

Anonymous User wrote: ↑

Wed Mar 27, 2024 12:16 am

Bumping this - any insight? Dangerous to join early on?

Also curious. How much business did Elsberg take/how much damage was done to Selendy in the wake of the big exit?

We can't know for a few years. I note that about half the partnership (including 2 of 3 name partners) and a couple associates are ex-Quinn, so the Selendy-Gay/Elsberg "divorce" narrative might be a bit overhyped.

It seems to me like a bunch of securities lit rockstars wanted a firm that focuses on just that, which probably has a mix of $/ego/culture/etc. reasons behind it. AFAIK, plaintiff-leaning securities lit isn't an area where partners have huge portable books of business; it's a practice area where you make a name for yourself as capable of winning huge verdicts and clients come to you.