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If It Is Not The Right Time To Lateral, What Is It Time For? : Not Staying Stagnant During COVID-19

I have always loved this quote from Warren Buffett. For me, this is not a Gordon Gekko “greed is good” mentality, but it is a reminder that opportunity exists at all times. It may be found in unexpected ways, but even during times of fear and uncertainty, we can find opportunities which help us achieve our long-term goals.

Over the past week or so, my conversations with attorneys have shifted. I hear a lot of uncertainty. I hear about the deals being postponed. I hear that the struggles you faced and the goals you’d set for yourself three weeks ago are still on your mind. Maybe it’s not the right time to seize a lateral opportunity in the next few weeks (maybe it is), but it is definitely the right time for us to have targeted, goal-oriented discussions and develop a relationship so I can help you grow and reach your goals when the time is right.

The COVID-19 pandemic’s effect on business is fundamentally different than what we saw during the Great Recession. It’s prudent to be cautious that the healthcare crisis could domino into the economy in a fundamental way, but as of right now, it appears that business is continuing – staggering it may be, but still moving forward. If tomorrow the pandemic was over and life was suddenly back to normal, there aren’t fundamental issues of unemployment, liquidity, or supply chain disruptions which would continue to put downward pressure on business. This won’t be over tomorrow, but we should continue to have an eye on the future and be ready take immediate advantage.

The relationships you build now are the ones that will reap the most reward for you moving forward. You wouldn’t wait until you are stalled, engine smoking on the side of the highway to search for a great mechanic.

As a goal-oriented person, I know obstacles don’t mean we give up on the goals we set. We just find new ways to overcome them. If you grew up singing “Going On A Bear Hunt,” you know this first-hand. (If you didn’t, you can listen to the least annoying version of this ear-worm I could find below.) When you set a goal, grass or rivers or fences don’t make you give up; you just have to find ways around those obstacles – or under them, or over them…or through them. If you have a goal to elevate your practice, get a more specialized practice, find more work/life balance, or finally say goodbye to a bad work environment, you don’t have to give up on that goal. It just means you need to have a conversation with someone who can help navigate choppy waters to help you still get there.

 

The relationships you build now are the ones that will reap the most reward for you moving forward. You wouldn’t wait until you’re stalled, engine smoking on the side of the highway to search for a great mechanic. You wouldn’t wait until you’re admitted to the hospital to find a primary care physician. You definitely shouldn’t wait until you find yourself in a bad work situation and need to find a new firm before vetting and developing a relationship with a recruiter. This is the person you’re entrusting with the next step in your career and livelihood. They should know you, and you should know they can be trusted to look out for your best long-term interests.

Maybe you know that a firm change isn’t the best move for you right now. It’s a near certainty though, that at some point in your career you will want a change. This too shall pass, business will pick up, and your goals will remain, but there are still things you can do today which will bear fruit for you in the future. I am always happy to have no-pressure conversations to hear about your goals, share my perspectives, and find ways where we can work together to help you whenever and however that is.

-Ian Delaney