In part because of the expense required to integrate
lateral hires into the firm, Winston's revenue per lawyer declined 1.2 percent to $ 815,000 last year.
Firms that are most successful are those that are open to incorporating the ideas of
lateral hires into their culture.
This appointment follows several other
lateral hires into the Leeds office including corporate partner Simon Pilling real estate partner Julia Field and managing associate Jonathan Watmough.
Not exact matches
They might have had good strategic reasons; for example, a firm's repeated appearance in a nationwide legal periodical could translate
into recruitment and
lateral hiring advantages.
Clients facilitate this type of
lateral movement when they proclaim we
hire the lawyer, not the firm — thus converting themselves
into relatively portable chattel in the lawyer's «book».
Sage recruiters point out to me that some firms»
lateral recruitment activity might have been put on hold while they put all their energies
into having to settle Dewey
hires quickly, and this is certainly plausible.
Research
into lateral hiring trends at some of the largest international firms operating in the UK found that partner - to - partner recruitment jumped by 56 % in 2014 compared with 2013, with 117 moves compared with 75 the previous year.
In northern England, there has been a rise in
lateral hires at partner level as firms diversify
into more niche practice areas, such as intellectual property and IT.
We've recently expanded our white collar practice by
hiring a
lateral partner
into our Atlanta office and our chemical patent practice by
hiring a group of attorneys
into Washington, DC.
By analyzing this database the user can gain a unique insight
into the practice area where most
lateral moves are taking place and which firms are
hiring.
JS: Increased demand, new regulatory issues and the increasingly global nature of our clients» businesses and our practice have all factored
into the few
lateral partner
hires we have made.
I've produced original research —
into the success of
lateral partner hiring in the London market — which gained international recognition, write regularly for The Lawyer magazine (among others), have spoken at a variety of conferences and authored «Lateral Partner Hiring and Integration for Law Firms», a 40,000 word special report from Ark Publishing in 2010 (second edition
lateral partner
hiring in the London market — which gained international recognition, write regularly for The Lawyer magazine (among others), have spoken at a variety of conferences and authored «Lateral Partner Hiring and Integration for Law Firms», a 40,000 word special report from Ark Publishing in 2010 (second edition
hiring in the London market — which gained international recognition, write regularly for The Lawyer magazine (among others), have spoken at a variety of conferences and authored «
Lateral Partner Hiring and Integration for Law Firms», a 40,000 word special report from Ark Publishing in 2010 (second edition
Lateral Partner
Hiring and Integration for Law Firms», a 40,000 word special report from Ark Publishing in 2010 (second edition
Hiring and Integration for Law Firms», a 40,000 word special report from Ark Publishing in 2010 (second edition 2013).
«What we see time and time again are firms who know who they are are going to go after practices and people that fit with their strategy,» said Lowe, adding that he anticipates the market for
laterals hires will remain strong
into 2018.
My latest research
into lateral partner
hiring in London — the second year I've undertaken this exercise — is now available for download in the Downloads section of this website or, if you prefer, directly from me at
[email protected], which may serve if you have comments or questions.
My latest findings are that Q2 2012 may have been the worst quarter for partner
lateral hiring (in terms of numbers of
hires announced) for almost five years if one takes
into account the «Dewey 20», partners from the stricken firm forced to move rapidly to new homes as the US titan sank beneath the waves of its own hubristic expansion (see graph).
The third year of my research
into failure rates of partner
lateral hires in London has been extensively featured in The Lawyer today.
Whether the market entry strategy is through acquisition, merger or
lateral hire, you can then throw a whole host of political and personal factors
into the mix.
Lateral partners should rarely be
hired if they do not fit clearly
into an important, pre-determined strategic plan of the firm.