Lateral Shareholders and Senior Counsel

At Stevens & Lee, we welcome lateral shareholders with portable books of business as well as senior counsel with specialized legal expertise. In either case, our priority is to help you grow – either your book of business or your technical niche. Lateral shareholder and senior counsel recruiting is an important investment in and a key component of realizing our strategic agenda. From day one, we work with you to make important connections while integrating you and your practice into our culture of teamwork and excellence. Our goal is to identify and create opportunities for both you and the firm, and we will leverage our firmwide talent and resources to ensure your success.

To achieve your goals, we develop a customized integration and business development plan to guide your success. After initial onboarding, we shift our focus to implementing your business plan to ensure you achieve important milestones and victories. Our process will serve to support your ability to provide superior service to clients, continue to excel in your areas of expertise and build your book of business.

We enjoy highly favorable profits per partner, revenue per lawyer and net income per lawyer. This success is generated by our distinctive approach to the practice of law, client service and environment of camaraderie and mutual respect. We have earned a reputation as a firm with a deep legal bench and strong industry focus. To that end, we continuously invest in understanding the needs of our clients and the industries in which they compete.

Our professional services platform of non-legal businesses, including a FINRA-licensed investment bank, government affairs practice, tax-exempt financial advisory firm, national ESOP firm, insurance risk management business and other businesses create unique opportunities for you to better serve clients. Our multidisciplinary professional services companies provide value for clients and uncommon venues for revenue production and income opportunities for shareholders.

We help lateral shareholders to flourish: Our Lateral Integration Plan.

Key elements of the plan include:

Research and understanding of the market and landscape for your practice
Development of your value proposition for clients now that you have joined Stevens & Lee
Identification of synergies and cross-serving opportunities with our clients and other Stevens & Lee Companies
Selection of strategic targets and plans to pursue
Action Plan with detailed tasks, responsibilities and deadlines
Appropriate feedback mechanisms and metrics

Practice group leaders, firm leadership and administration continue to work in concert with you for the first six to 12 months to ensure that momentum continues and integration is deep and seamless.

Seven reasons to choose Stevens & Lee.

Economics: Due to our professional management and low overhead, we maintain best-in-class margins and profitability. In addition, our strong balance sheet and status as a professional corporation provide stability without undue risk, personal guarantees or significant capital contributions.
Compensation: Our compensation system is transparent and tied directly to productivity, and our lawyers generally receive higher compensation for the same productivity compared to our competitors.
Cross-serving Culture: Sharing, trust and mutual respect characterize our firm’s way of doing business and result in colleagues actively looking to draw upon our full array of service offerings for their clients.
Platform of Companies: As part of a multidisciplinary group of professional services firm, our lawyers leverage the knowledge of their non-lawyer professional colleagues to provide greater value to their clients which ultimately results in new revenue and income opportunities.
Management: We provide the professional planning, management and resources needed to help our shareholders grow their books of business and ultimately increase our firm-wide revenue and client base.
Financial Security: We maintain a fully-funded savings plan (10% of total compensation) for our lawyers and employees, along with generous health care, life insurance and long-term disability plans paid by the firm with no premium co-pay for all employees, including shareholders.
Entrepreneurialism: Our firm is entrepreneurial in structure and culture; it is imbedded in our culture, visible in our brand and conveyed through our work with our clients.

General – we have several positions for attorneys with 10-20 years of experience who are capable of assuming first-chair responsibilities. We also have openings for service partners with demonstrated expertise in a defined area. Portable books of business – while helpful – are a secondary requirement in both cases.

Practice Groups – due to growth in our core practices, we have high demand for shareholders and counsel/senior associates in Corporate (M&A/Equity/Debt), Health Care (Corp/M&A and regulatory), Litigation and Insurance (regulatory, transactional and various alternative risk formats). In addition, we also have significant needs in Real Estate (land-use and transactional), Tax (federal and state) and Trusts and Estates.

Greater Philadelphia, Wilmington, New Jersey and New England are priority markets due to recent and planned growth.

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William C. McLaughlin