“Jake” had joined a highly regarded practice as a lateral contract partner, after years at a government agency where he’d advanced to a leadership role. The mutual understanding was that Jake would be promoted to equity partner after the firm’s required two-year look period.
The firm anticipated a great success story: Jake had unsurpassed subject matter expertise, technical skills, proven leadership chops, a business plan, and an enviable virtual Rolodex of blue chip contacts.
