Posted by - 19 Jan 2012

Simon Broomer Managing Director of CareerBalance talks about how lawyers can change career. Simon is a Qualified Lawyer who re-trained as a Career Counsellor and Coach. 

 

 

Proper Pay for FSA Regulators

Posted by - 19 Sep 2011

 

The Government needs to get realistic on pay for competent regulation of the banking and financial services sectors

 

Sensible regulation of the financial sector has got to be a good thing.  No one wants a repeat of the 2008 crash.

 

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Lawyers turned frozen yoghurt sellers

Posted by - 09 May 2011

 

The founders of Notting Hill and Islington-based FRAE yoghurt decided there was more to life than a career in the law and instead chose… frozen yoghurt.

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There is life beyond partnership

Posted by - 02 Mar 2011

 

Many lawyers in their 40s face a difficult predicament.

 

As partners, they are typically earning well. But between the demands of meeting fee targets, managing and inspiring people, long hours, taking risks and bringing in new business, their responsibilities are unrelenting. Against a backdrop of fierce competition, firms are being forced to take on more work for less money. For lawyers who are not passionate about what they do, the job can be even more stressful.

 

Many lawyers love their jobs. But many others want to break free and crave more fulfilment. One 40-something lawyer we recently saw at CareerBalance sat down and said: “If I don’t stop, it will kill me”.

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At a crossroads? take control of your career

Posted by - 21 Feb 2011

 

There comes a point in every lawyer’s career when they look around and wonder if partnership is the right path for them.

 

Law firms are typically eager to know who will progress to partner and who won’t. Established lawyers have built up sound knowledge and technical skills and want to be rewarded appropriately. Still, a lifetime of being on call at the weekend, helping another bank ink yet another corporate finance deal, and being interrupted at dinner by another client who has been served a writ, is hardly an alluring prospect for everyone.

 

While some forward-thinking corporations offer flexible working hours and career breaks while guaranteeing to hold your job, City law firms are not always amenable to women with a family focus. Perhaps this explains why women represent 50% of trainee lawyers but just 10% of City partners, according to CareerBalance founder Simon Broomer.

 

Many lawyers feel demoralised once it emerges they don’t want a partnership role, and complain of being sidelined. One fit and healthy woman who visited CareerBalance recently confessed she feels constantly exhausted. Another who regularly brings in new business to her firm, described her City law firm as a gentleman’s club where she felt pushed aside. Some lawyers CareerBalance has seen have been signed off with depression and feel unable to confide in anyone at their firm.

 

So if you find yourself at a similar crucial crossroads in your career, don’t let it pass you by. If you’re being pushed to your limits, set boundaries and make some changes. Think - what’s best for me given my priorities within my career and outside it? How appreciated do I feel by colleagues and clients?

 

At CareerBalance we know it’s hard to set aside time to make your next career move a reality. An initial career questionnaire lets us know all about our clients’ job satisfaction levels before we even meet for our first session. We specialise in helping lawyers take the future of their career into their own hands. Maybe we can help you too?

 

Posted by Simon Broomer, Managing Director and Founder at CareerBalance Ltd

 

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Newly qualified lawyers have choices

Posted by - 01 Feb 2011

 

Have you started the New Year feeling overworked, worn out and unconvinced about your future in the law? If so, you’re not alone.

 

While firms that expanded rapidly during the boom have been laying off staff, they’ve also been burdening those left behind with piles of extra work, longer hours and the pressure of bringing in new clients. A decade ago, young lawyers achieved partnership by their early 30s. Today equity partners eager to hold on to their slice of the cake for longer are drawing out this process - many lawyers now only become partners in their late 30s. In the meantime, many live with the frustration of serving as a small cog in a very large wheel. Employee Rewards, Benefits and Savings survey by Mercer's recently found that employee engagement amongst lawyers is on the wane. http://insight.badenochandclark.com/legal/30/11/2010/employee-engagement-waning-for-those-in-roles-such-as-legal-jobs-survey-shows/4599/

 

But the good news is, lawyers have choices. You’re not tied to being a lawyer just because you qualified as one.

 

At CareerBalance we’re finding that despite both the fragile economy and the £500,000 to £1 million salaries partners can expect to earn, many young lawyers are now putting their quality of life first. After careful consideration, some of our newly qualified lawyer clients have either secured in-house or training and development roles, moved to smaller firms where they are part of the bigger picture, switched to a business career, or taken time out to travel or trade shares. Some of our clients are moving out of the law completely – doing an MBA, a Masters in War Studies before returning to law, or embarking on a career in speech and language therapy.

 

If you’re considering making a career change and you’re in your early 30s, now is best time to start preparing. We firmly believe there’s still work out there – good people are finding jobs. At CareerBalance, our strength lies in showing you the options and rewards available

to you. Happy New Year!

 

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The New Retirees - Winding Up for Retirement

Posted by - 11 Jan 2011

Increasing life expectancy, coupled with a new law axing enforced retirement at 65 from next October, suggest retirement will soon look very different, says Claire Adler.

One Sunday morning earlier this year in a packed church hall in Bloomsbury, innovation expert Charles Leadbeater gave a secular sermon for The School of Life about ageing. He began by pointing out that every day we live, grants us another five hours of life expectancy.


"Ageing invites us to re-think work," he preached. "Instead of seeing articles about hot young things in their 20s, I'd like to see a list of 70- somethings at the top of their game, who've only been in a specific field for 10 years."


Leadbeater has a point, and it's one being addressed at City-based career consultancy CareerBalance.


In 1980, a 65 year old Englishman had a one in 1000 chance of living to be 100 years old. Just 30 years later, this figure has increased to one in 100.


"Many of us cannot afford to retire and even those who do retire in our sixties won't want to spend the next 30 years or more on the golf course," says Simon Broomer, CareerBalance managing director.


Broomer is now pointing his most mature and experienced clients in the direction of trustee, non-executive and advisory roles including lay membership of Health Authority Trusts and regulatory financial bodies.


This baby-booming generation of new retirees is tackling ageist thinking in the workplace, according to Broomer. "Many people believe mobility and employability reduces after 50, but that's untrue. It is down to the individual to deal with these objections, sell the benefit of their experience and the value of their skills and knowledge," he says.


Activists from Age UK recently welcomed the government announcement axing enforced retirement at 65, hailing it as a victory against ageism which would benefit both people over 65 and the economy as a whole – thanks to older workers' precious skills, additional tax revenue and increased buying power.


"From a frustrated senior lawyer now working in employment health and safety, to a partner in a City firm now considering deanship of a law school or becoming a charity CEO, I'm increasingly talking to clients who far from winding down are winding up for retirement," says Broomer.


To get an expert view on your current career options and/ or your job-hunting tactics make an appointment

now to see one of our Career Specialists. E-mail consultants@careerbalance.co.uk, or call us on
020 3051 1054.

 

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I'm a Lawyer, Get Me out of Here!

Posted by Simon Broomer - 08 Jun 2010

 

Despite the recession it’s been a busy few months for most of us. The long hours haven’t gone away … they are just less profitable. And this means for many the pressures of work have increased … and job satisfaction is moving in the opposite direction. There is less time in the day to practise the law amongst all our other responsibilities, and clients expect more and more for less and less.

 

So when you do grab a moment to reflect on things in between the mince pies and relatives this festive season, will the prospect of returning to the office jungle in the New Year be an exciting one full of challenges to be overcome and prizes to be won? Or will it feel more akin to chewing through a meal of antipodean creepy crawlies?

 

Are you missing your colleagues and clients already? Or would you cheerfully send them all into a pit of snakes?

 

We work with many legal professionals who, given a brief respite to consider the future, draw the conclusion .. “I don’t know if I want to be a lawyer any more. If partnership is as good as it gets, get me out of here!”

The first problem many confront is that they often don’t have anyone to talk to about this – someone who really understands the issues and options open to you. Colleagues and HR directors in the firm present obvious issues in terms of confidentially and ongoing working relationships. Family members are supportive but, particularly if you have reached partnership or a senior role in your firm, can often offer limited practical advice. Recruitment consultants often want to put square pegs back into square holes.

 

One way to overcome that anxiety and be confident in regaining control of your career direction is to talk to a specialist career counsellor experienced in the law. Having worked with many professionals in this position, we can quickly pinpoint the issues which are causing you unhappiness or frustration and provide you with a plan for moving forward. Our starting point is to help clients understand:

  •  Your values – what is important to you in your career and outside work
  •  Your strengths – technical legal expertise and skills but also your management, commercial and leadership qualities and potential
  •  Your key achievements – personal as well as work-related and what these reveal about your strengths, motivators and personality
  •  Your career needs – what do you want most? What kind of environment do you prefer? And finally,
  •  What are your future goals?

It is important to remember that the grass is not always that much greener on the other side. Training often teaches legal professionals the value of caution, and this is a great asset when considering your future. The reality is that the law is a well paid profession in which you have invested a lot of time and effort. Do you really want to go down “a few rungs” in the seniority and rewards stakes to start again in a new field? Are you willing to give up aspects of your lifestyle you currently enjoy? Are you prepared to retrain and take further professional qualifications?

 

Because of this caution people often feel they have few options but return to camp in January and face the next round of bush tucker trials and avoiding being voted out. But it is important to be positive in your outlook … in reality there are many options open to you:

 

1)    A change of  jungle – Practising the law in a different environment
We do come across individuals who come to us seemingly at the end of their patience with the legal world, but who, after an initial discussion, clearly do want to stay in the law but simply need to move from their existing environment. In an industry which is so diverse in terms of the personality of different firms and the roles on offer, the key to a fulfilling career is often about knowing what kinds of people you want to work with and where you will thrive. The recession has created new demand in areas from debt restructuring to divorce. Regulation is increasing in financial services. Getting advice on what other markets may exist for your legal skills can be the first step to a successful change.

 

A wide range of options also exist to move to a different size or differently structured firm, or to find a fresh challenge through a move “in-house”, into the public sector, into advocacy or even to the bench. Within some of these fields the degree of change is also vast. Some in-house counsels spend around 95% of their time handling legal issues, others may have a more mixed role spending as little as 25% practising the law.

 

Alternatively you may want the freedom of starting up your own practice or reducing your hours. Technological advances mean that you can work more flexibly, including keeping your career going while bringing up a young family.

 

2)    Using your legal skills and knowledge to work in a related industry
Areas as diverse as banking, publishing and academia offer opportunities to benefit from the skills, experience and even contacts that you have built up, whilst achieving a significant change in career direction. We have successfully helped, for example, a Structured Finance Partner move to an in-house debt restructuring role with a major bank and similarly a Head of Litigation in a City law firm transition to Dean of a Law School.

 

To make this kind of a step strong interpersonal skills, experience of managing processes and people within organisations, and a demonstrable interest in the new field are musts. We spend a lot of time helping clients understand exactly what a move to a different but equally demanding role would be like, and whether they a suited to this.


3)    Get me out of here!

If you want to make a complete break the starting point is to build a real understanding of what you do want to do and then look at whether you have the skills needed, or the potential to develop it. Psychometrics are useful but more so is the evidence from your working and personal life to show you can achieve the new challenges. Most people we see can make a significant change in career direction. Its not so much about ability, its do I have the will to do this and to go through what it will take to move from where I am now to a fulfilling and remunerative job in another sphere. And when I get there will it be as intellectually stimulating as legal work?

If you are thinking twice about so radical a change what else can you do? It’s not uncommon to feel “trapped” by a difficult situation and not be able to see how to change it. Particularly if you are still developing your career, it is worth taking time to openly discuss your career issues and thoughts and decide your next steps. . We have helped clients find a more satisfying and meaningful role in their current firm or to buy the time to plan and make a move in a new direction. The sense of relief they have felt when they can see a way forward was palpable.

 

The pace of change in the legal sector shows every sign of continuing in the first six months of the New Year. Concerns over job losses and caution about moving will be common. However the demand for legal skills will still be there and our clients are getting interviews and moving into new roles.

 

And so if you really do feel that its time to walk out of the jungle and face Ant and / or Dec, have a think about what else you would like to do. Don’t be frightened to dream. We strongly advocate change in the right circumstance and can equip you with the passion and determination to become king or queen in a jungle of your choosing in 2010.


If you would like to arrange a consultation to discuss your options in 2010 please contact Simon Broomer LLB in confidence on 020 3051 1054. Simon is a qualified solicitor who now specialises in career counselling and career planning for lawyers
.

 

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Organisations our clients have joined:
  • HSBC
  • Virgin
  • easyJet.com
  • accenture
  • Herbert Smith