Second, and perhaps more important, choose your partners with extreme care. If all goes well, then you’ll be working with that person the rest of your career. And if it doesn’t go well, then it really doesn’t.

But despite all of those headwinds, now is the time because the spoils of the next decade will be immense. Yet if you’re currently a non-partner, or even a small-p partner at your current firm, you won’t be participating meaningfully in those spoils.