Thinking About a Lateral Move?
The legal industry is experiencing significant shifts, with many partners contemplating lateral moves in search of better alignment with their professional goals and personal values. While the allure of a new firm can be strong, it's essential to approach such transitions with a comprehensive understanding of the potential financial, reputational, and emotional implications involved.
In this checklist, you'll learn...
- How to assess the true economic impact of a lateral move, including hidden costs, deferred compensation, and funding requirements.
- Whether your cash flow can handle the transition and how to build a strong liquidity bridge if needed.
- The key questions to ask to ensure this move supports your long-term goals, personal brand, and definition of success.
Download The Checklist
About the Authors
Stacey Rosenson, CFP®
- BS, University of Maryland – Smith School of Business
- Certificate in Financial Planning, School of Professional Studies at New York University
- Certified Financial Planner™
-2.jpg?width=300&height=300&name=Eric%20Dostal%20(6)-2.jpg "Eric Dostal (6)-2")
Eric Dostal, J.D., CFP®
- BA, State University of New York College at Geneseo, History, minors in Philosophy & Legal Studies, magna cum laude
- JD, St. John’s University School of Law
- Certified Financial Planner™
At Wealthspire Advisors, we specialize in guiding attorneys through complex career transitions. Our team offers tailored financial planning services that address the unique challenges faced by legal professionals, from managing capital contributions to optimizing tax strategies. By carefully considering the factors outlined above, you can make an informed decision that aligns with your professional and personal goals.
If you're considering a lateral move, our advisors can help you evaluate the financial implications and align your career decisions with your personal and professional goals.
Learn More About Wealthspire
Please Note: Limitations. The achievement of any professional designation, certification, degree, or license, recognition by publications, media, or other organizations, membership in any professional organization, or any amount of prior experience or success, should not be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results or satisfaction if Wealthspire is engaged, or continues to be engaged, to provide investment advisory services.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP®, Certified Financial Planner™, and CFP® (with plaque design) in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
