Why is Partnership Admissions Process so important to your future career progression?
The Partnership Admissions Process can be as simple as jotting down your Business Case through to a 6-9 month grueling process with multiple Partnership Panel Interviews. As a simple rule of thumb, the bigger your firm, the more hoops you need to jump through during the Partnership Admissions Process.
If you are in a really large firm, such as one of the 'Big 4' firms or a highly prestigious law firm, this means your partners may be paying out a large amount of money on the promise that you will deliver your Business Case. This is why a good way of thinking about the Partnership Admissions Process is it is a 2-way due diligence process. After all, your partners are not just going to allow you to buy equity in the firm purely based on a hunch that you can deliver.
What you need to know about the Partnership Admissions Process
Your firm's Partnership Admissions Process may contain one or more of the following elements:
Risk and Quality Interview
Case Study Exercise
Partner Panel interview where you pitch your Business Case for Partnership
Verbal and numerical reasoning tests