Biglaw Exit Options - Real Data or Stories?

<p>It seems there's a lot of speculation about how the job outlook is post-biglaw for someone who does not make partner. I've tried finding out this information online various times, but it seems the best I get are stories or generalities. </p>

<p>I'm curious if anyone has any hard data or a very well-informed anecdotal perspective on this? </p>

<p>If I'm hypothetically shown the door at biglaw after 2 or 3 years, then what would be my options? But, additionally, how likely would each option be?</p>

<p>The best time to be shown the door is after 2-3 years because that is when you are very marketable to other firms. The problem comes when you stay 7-8-9 years and don’t make partner. You are then too senior for many lateral openings with other firms and in house options are always too few and far between, particularly if you have a bottom line regarding compensation that is even in the "biglaw’ ballpark. </p>

<p>One thing that can come back to haunt you when you make that lateral move is grades. You get that first great job based on your 1st year grades. If you slack off though, you may seriously damage your ability to make a good lateral move. No matter how senior someone is, the firms will ask to see transcripts and C’s on transcripts can ruin your chances at a number of firms.</p>