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Path to Equity Program

INTRODUCTION

Many lawyers at the senior associate and Principal levels tell us that they struggle with how to identify and develop the skills, relationships and profile they need to build their practices into successful and self-sustaining businesses and position themselves as ideal partnership candidates. While they know that there is a difference between how they currently think and behave, and how partners think and behave, they don’t know how to bridge that gap.

The path to equity partnership has evolved from being about the promotion of an individual to being about the acquisition of a business. Less about being a valued employee, and more about being a strong business person who has the potential and capacity to contribute meaningfully to the revenues and commercial aspirations of the firm in the future.

For lawyers seeking a partnership position, knowing how to place themselves well for the invitation is critical.  It involves: 

  • building a strong business case that clearly demonstrates the value they will contribute to the firm; 

  • being able to demonstrate - in words and deeds - that they have mastered the elements of the business aspect of the practice of law that will be most relevant to the firm; and 

  • ultimately, in the course of the consideration process, being able to effectively tell the story of why inviting them into the partnership circle makes good sense for the firm.

The program leads participants toward actively engaging in what they need to know, who they need to be, and what they need to do to evolve themselves and their practices to the point where they are uniquely positioned as ideal partnership candidates - why their practice is worthy of ‘acquisition’.

PROGRAM GOALS

Our Charting the Path to Equity is designed to guide participants through the process of identifying the key qualities, skills and activities attributable to an ideal partnership candidate, and set them on the path to developing and applying that knowledge to their own practices, intentionally and consistently.

PROGRAM ELEMENTS

Created to support lawyers who have identified equity partnership as a goal, this program is offered as a live program, delivered virtually via interactive video conferencing.


The curriculum consists of 10 modules, each of which is delivered through our Distributed Learning Process (DLP), in weekly 30-minute increments, over four weeks. Over the course of the program, therefore, participants will spend at least 30 minutes per week, focused on evolving themselves into ideal equity candidates.
 

The DLP schedule for each module is as follows:


Week #1 - 30-minute Presentation - Live attendance
Delivered seminar-style.
Aimed at knowledge translation.


Week #2 - Self-study - Self-directed time
Delivered workbook-style, participants will receive additional content and prompts for reflection to read and complete on their own.
Aimed at reflection and catalysing insight. 


Week #3 -  30-minute Coach’s Corner - Live attendance
Delivered via peer-supported learning, the cohort will be broken into teams of no more than four.  A coach will be assigned to each of the teams.  The coaches will rotate each Module, giving the participants access to different perspectives and coaching styles over the course of the total program. Participants will be invited to share their experiences, challenges and insights with their team and benefit from coaching and peer support to help them progress. 
Aimed at engagement and consolidation of learning.

WEEK 1 - Module One - Mastering Mindset

In this Module, we will focus on the types of mindset that are needed on the path to partnership, supporting the transition from thinking like an employee, to thinking like an entrepreneur and business owner:  Service Mindset, Strategic Mindset and Entrepreneurial Mindset.

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Module Descriptions and Schedule

Module 1

Mastering Mindset

In this Module, we will focus on the types of mindset that are needed on the path to partnership, supporting the transition from thinking like an employee, to thinking like an entrepreneur and business owner:  Service Mindset, Strategic Mindset and Entrepreneurial Mindset.

2011-2014

University Name

This is your Education description. Concisely describe your degree and any other highlights of your studies. Make sure to include relevant skills, accomplishments, and milestones gained. Don’t forget to adjust the timeframe in the subtitle.

2007-2010

University Name

This is your Education description. Concisely describe your degree and any other highlights of your studies. Make sure to include relevant skills, accomplishments, and milestones gained. Don’t forget to adjust the timeframe in the subtitle.

Accredited by LSO