
"How many partners in ?"
"Twenty, active. We try to keep a ratio of one partner for each associate. That's high for the industry, but we like it. Again, we do things differently."
"All of our partners are multimillionaires by the age of forty-five," Royce McKnight said.
"All of them?"
"Yes, sir. We don't guarantee it, but if you join our firm, put in ten hard years, make partner and put in ten more years, and you're not a millionaire at the age of forty-five, you'll be the first in twenty years."
"That's an impressive statistic."
"It's an impressive firm, Mitch," Oliver Lambert said, "and we're very proud of it. We're a close-knit fraternity. We're small and we take care of each other. We don't have the cutthroat competition the big firms are famous for. We're very careful whom we, hire, and our goal is for each new associate to become a partner as soon as possible. Toward that end we invest an enormous amount of time and money in ourselves, especially our new people. It is a rare, extremely rare occasion when a lawyer leaves our firm. It is simply unheard of. We go the extra mile to keep careers on track. We want our people happy. We think it is the most profitable way to operate."
"I have another impressive statistic," Mr. McKnight added. "Last year, for firms our size or larger, the average turnover rate among associates was twenty-eight percent. At Bendini, Lambert & Locke, it was zero. Year before, zero. It's been a long time since a lawyer left our firm."
They watched him carefully to make sure all of this sank in. Each term and each condition of the employment was important, but the permanence, the finality of his acceptance overshadowed all other items on the checklist. They explained as best they could, for now. Further explanation would come later.
