In some cases, a transition from bank finance to project finance will be considered, especially for those openings where Mandarin or Korean is needed (it is not easy to find project finance US associate
lateral hires with such language skills).
A few partners believe the firm should recruit recent law school graduates or
lateral hires with some general experience.
Managing partners will need to identify what the partners want their firm to become, whether it has the resources to achieve these objectives, or if the firm has to acquire
lateral hires with a client base.
It is suggested that the wisest way to enter another market is through a merger with a compatible firm or by engaging
a lateral hire with a profitable book of business.
Trade publication IP Law 360 ran a brief story on January 15 about
the lateral hire with a headline that isn't unusual in the legal press, but was enough to incense Pitcock's former employers — by hyping the star hire without mentioning the fact that he had been canned for questionable behavior.
Not exact matches
The London office of Latham & Watkins has continued its
lateral hiring spree
with the appointment of funds lawyer Tom Alabaster from major firm client the Carlyle Group.
The collapse of Dewey & LeBoeuf helped drive partner
hiring by US law firms in London to record levels in 2012,
with senior
lateral recruitment in the City climbing by almost 40 % during the last calendar year.
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.
With that in mind, I have undertaken a further, small, piece of research looking at how various
lateral hiring policies have affected law firm financial variables over time, and the results are quite intriguing.
And for
lateral hires, there was a strong preference for work experience
with a similar type of firm or corporation.
The «convince us why we should
hire you» approach is fine for law students, but it simply will not work
with laterals, Humphries writes.
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.
While working
with larger law firms, it has been especially beneficial to cross-tabulate and analyze the results of interviews / questionnaires by (1) ages of the partners, (2) whether the partners are
lateral hires or have progressed through the firm's career development program, (3) primary practice area (s), (4) office location, etc..
Foley & Lardner found a new cochair of its U.S. / China corporate practice in
lateral hire SELIG SACKS, previously
with Pryor Cashman.
With the addition of Dishman and Jaewook, Brooks Kushman has grown by more than ten attorneys this year, several being
lateral hires.
The merger
with Reid Minty in August has brought us greater critical mass in our London disputes department and we have made a number of senior
lateral hires to bolster and refocus our corporate recovery department.»
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.
Big four Scots firm McGrigors has bolstered its Manchester office
with two
lateral hires.
Norton Rose is currently focusing on
lateral hires and cost - cutting following a series of mergers during the past few years, which culminated in the 2013 tie - up
with Houston's Fulbright & Jaworski.
Dickinson Dees and Thomas Eggar have joined the growing band of regional firms to end the summer
with a rash of
lateral hiring.
In 1986, Blaney McMurtry Aarons & Watson merged
with Stapells & Sewell and the firm has undergone several smaller mergers and
lateral hires, before becoming Blaney McMurtry LLP in 2000.
We rely on his direct, no - nonsense approach in accurately assessing the likely fit of potential candidates (for their sake and ours) so that we can continue building our team
with exceptional
lateral hires.
With 42
lateral hires — more than twice as many as in 2015 — Orrick's headcount rose 2.7 % to 941.
The US firm has invested in its City office
with a number of recent
lateral partner
hires.
As a matter of conduct, you are not generally under a regulatory duty to supervise equity partners, but that is not a reason for letting people go completely off on their own, and this is even more so
with lateral hires.
It was a relatively quiet year on the
hiring front for the firm in London
with only one
lateral hire, Rod Freeman from Hogan Lovells in September 2017.
Latham & Watkins on Wednesday announced that the firm has opened a new office in Boston
with seven
lateral hires.
Having just evaluated the firm from a buyer's point of view,
lateral hires are positioned to provide a firm
with valuable external market insights.
Slaughter and May has made its first ever
lateral partner
hire with the addition of Morrison & Foerster US capital markets partner John Moore in Hong Kong.
Slaughter and May has made its first ever
lateral partner
hire in Asia
with the addition of Morrison & Foerster US capital markets partner John Moore in Hong Kong.
Taylors in association
with Walkers is pleased to announce two new
lateral hires.
As a Conflicts Staff Attorney, you will: • Conduct conflict of interest research • Interpret and evaluate conflicts reports • Conduct conflict clearances for incoming new business and
lateral hire • Draft waivers and review engagement terms and outside counsel guideline • Work collaboratively
with the firm's General Counsel and Loss Prevention Partners.
There's a business case for
lateral hires: often they come
with a book of clients.
In a statement, Ben Knowles, co-chair of the global arbitration group, singled out the firm's focus on oil and gas, as well as the overall arbitral capabilities, which have been enhanced over recent years
with a range of
lateral hires, recent partner promotions including this year's round, and law firm mergers, not least in the United States.
«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.
A trio of recent
lateral hires indicates that law firms in London are keeping a close eye on African energy and infrastructure opportunities,
with US law firms at the vanguard of such interest.
With the addition of Meng and Marinelli, Brooks Kushman has grown by more than ten attorneys this year, several being
lateral hires.
Recent surveys have found that
lateral hiring continues to be a top growth strategy, yet a large number of firms indicate disappointment in their experience
with laterals.
By Valerie Fontaine — Law firms compete for a limited number of top
lateral partner candidates
with significant portable books of business and look to legal search consultants help them identify and
hire the best.
I've compiled the first of what will become a quarterly review of trends in a new bulletin,
with a «does - what - it - says - on - the - tin'title: The London
Lateral Hiring Trends Bulletin.
In addition to investments in offices and
lateral hires, the firm has also made a significant investment in a new global practice management system, which will streamline and integrate client relationship management activities
with billing and compliance systems.
Andrews Kurth LLP has boosted its Houston office
with the
lateral hire of Thomas A. Sage.
Further, in ’09 US and UK firms were dealing
with an historic recession back home and thus it was very difficult for partners in Asia to get clearance from firm managements to make new
lateral hires (while layoffs were happening at the mother ship and also many in US and UK were skeptical in mid and late ’09 of China's market upturn).
The managing partner of a 47 - attorney, growth - oriented Philadelphia firm recently wrote to me and asking whether it makes economic sense for his firm to acquire as a
lateral hire a senior attorney
with a foreclosure practice.
He was previously a partner
with Graves Dougherty Hearon & Moody PC and is Winstead's 42nd
lateral attorney
hired firm - wide in 2011 (more...)
In particular, conflicts that went unresolved in connection
with the
hiring of
lateral attorneys or mergers of practice groups or entire firms were increasingly a driver of claims in 2016.
It also involves identifying business trends and making recommendations to improve business performance; supporting the practice group in building business cases for required initiatives such as
lateral hires; working proactively
with the practice group's leadership team and partners to provide financial expertise and support; and monitoring working capital balances, making recommendations to improve lock up and escalating issues as and when appropriate.
The article sets the stage
with series of challenges the firm has faced — from financial performance to the loss of
lateral hires to other firms — and then spends the rest of its words describing what the firm is doing about it.
New associates and
lateral hires are paired
with peer advisers within their practice groups to help them acclimate to the firm and learn firm policies and processes.
When done right, the information gathered can be used not only for retention and increased opportunities
with the participants, but play huge roles in evaluating current law practice management efforts at the firm and helping to evaluate growth opportunities as they might relate to a new office, practice group,
lateral hire or merger.