Sentences with phrase «lateral hires who»

Since potential lateral hires who control a substantial amount of client business may have multiple options to consider, few firms have the luxury of negotiating back - end loaded compensation arrangements.

Based upon my understanding of the facts, I see little rationale for adding this foreclosure practice to be serviced by a fulltime lateral hire who would be paid $ 120,000.

Stacy: I worked as head of recruiting for some of the world's top law firms for 22 years and was disheartened by the fact that each time I presented a strong candidate who had a gap in her résumé, she lost out to a lateral hire who had not taken any time off.

Not exact matches

«Those firms who get the cash to the partners the fastest are the firms that are the most attractive to lateral hires,» he says.

This can be done in part by hiring people for qualities over skills, and more importantly, by those in leadership positions exhibiting a spirit of cooperation and collaboration, not only to those who are on a lateral plane but also to their subordinates.

My own research shows that roughly 50 % of lateral hires leave after four years, leaving aside all the people law firms take on who perform disappointingly.

As the result of the recession, a number of law firms have diversified their practices and attracted attorneys who control books of client business as lateral hires from different law firm cultures and practice environments.

Greenberg Traurig's latest lateral hire is shareholder LARRY KANUSHER, who joins the firm's entertainment and media practice after 19 years with Sony, most recently as senior vice president of business and legal affairs for Sony Music Entertainment's global digital business.

Hastings, who is head of Addleshaws» civil fraud group, will be Quinn's sixth lateral hire in London this year.

Though summer associate programs give firms some opportunity to evaluate a prospective attorney's skills, firms often hire graduates and laterals who haven't come up through a summer program and whose skills are untested.

This will doubtless come as something of a relief to many recruiters who had been a bit spooked by The Lawyer's slightly overenthusiastic headlining of my earlier research, which suggested that lateral hiring was by - and - large a bit of a failure.

It's healthy to have a core group of summer associates who we know will be entering the firm and then hire 3Ls, post clerkships, externships or junior lateral hires as and when we need them.

The findings were that the firms with relatively conservative lateral hiring programmes and good retention of lateral partners did better on most financial measures than comparators who had either done a lot of lateral hiring or very little.

Lateral hiring of partners is NOT a random activity; the fact that some firms do it much better than others, and reap the rewards, suggests that it can be done better by firms who can be bothered to make the effort.

Fried Frank announced on Tuesday the lateral hire of Bellini, who will be based in Washington, D.C. Bellini's practice focuses on advising banks and other financial institutions on a wide range of issues, such as M&A and strategic investments, new legislation and regulatory hurdles, and government investigations and enforcement actions.

«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.

Despite assertions by some commentators who question the wisdom of lateral partner hiring, lateral partner hiring remains an extremely viable strategy for growth and is the strategy most often identified by firm leaders as key to their competitive approach.

Other managers making upwardly mobile headway include lateral hiring professionals, often former or current partners or lawyers in the firm, who have significant experience and are personally facile in the complex aspects of hiring lateral partners.

Given the often highly disruptive nature of lateral hires, I worry that firms don't think carefully enough, and holistically enough, before taking on someone who isn't going to add materially to the business.

Hence, for many mid-size law firms, the trend is toward reliance on hiring lateral associates who are already trained.

Hence, for many mid-size and some larger law firms, the trend is toward reliance on hiring lateral associates who are already trained.

That platform will be equally attractive to potential lateral hires at other Canadian firms who'll want to know whether there are wider horizons than those they're currently flying.

I would rather hire this type of candidate, than one who has been in a similarly senior position for a number of years, is stuck in their ways and happy to take on a lateral move as opposed to a new challenge.