Sentences with phrase «of lateral hires»

Even though law firms are pursuing fewer mergers, many firms are continuing to seek acquisitions of lateral hires — partners who control profitable client business and associates who assist them produce the work.

Firms that are most successful are those that are open to incorporating the ideas of lateral hires into their culture.

It did set me thinking, though, what is the appropriate level, in order to judge success of a lateral hiring policy?

Part of a lateral hiring plan should include a repayment plan for the debt incurred.

A firm with a strong history of successful results is likely to maintain its dominance in a lateral transaction, but even these firms may benefit from the thinking of lateral hires.

I would like to focus on the integration aspect of lateral hiring, but first will offer a few quick points regarding the investigation of conflicts and client quality in that context.

The software enables law firms to track some 200 key performance metrics in support of lateral hiring, including billing, revenue and collections.

Goldman Sachs has made a lot of lateral hires in FICC in 2017, according to the presentation, with a particular focus on sales, and in Europe, the Middle East and Africa.

That could mean saving firms millions of pounds in salary, bonuses and lost revenue; research shows that almost half of lateral hires leave a firm within five years, much too soon to recoup the cost of recruitment.

Ben and Nick's appointments are the latest in a series of lateral hires for Winston's rapidly expanding Dubai office, following the additions of Christopher Skipper in May 2017 and Campbell Steedman and Shibeer Ahmed in late 2016.

Chambers Associate: Cozen has taken on a number of lateral hires over the past year, including the acquisition of a fifteen - strong group from Miami - based IP boutique Feldman Gale.

The CBA Conflicts of Interest Task Force's Toolkit has an excellent model of a Lateral Hire Memorandum.

Develop a strategy for targeting specific types of lateral hires and be prepared to move quickly

In the aftermath of the fall of Dewey & LeBoeuf the issue of lateral hires (and the enticements they're offered) has become a big focus.

Dickinson Dees and Thomas Eggar have joined the growing band of regional firms to end the summer with a rash of lateral hiring.

Succession proccess gets underway as firm makes trio of lateral hires from Willkie Farr and Jones Day

More recently, though, in the age of the lateral hire, we've seen firms acquire lawyers in the hopes that the lawyer's personal brand and reputation will reinforce or even enhance the firm's brand.

Recruitment due diligence provider Decipher was awarded the supplier innovation for services title in recognition of its lateral hire investigations offering, which provides comprehensive background vetting of lawyers anywhere in the world within 10 days at a low fixed cost.

In firms lacking the profit levels and partner willingness needed to finance growth internally, firm leaders have increasingly turned to bank credit to finance the addition of lateral hires, including individuals and groups.

Indeed, in its submission to The Lawyer's US Top 50 report it confirmed that London was its number - one office outside the US in terms of lateral hiring investment.

The diversity lens we applied on our pipeline of lateral hires and partner promotions has seen us break the crucial 30 per cent threshold for large law firms, which is a testament to the quality of our senior lawyers.»

Nabarro has made a series of lateral hires following the launch of its three - year strategy in May 2015 and, in the second half of the financial year, added 10 partners across London, Dubai, Manchester and Singapore.

«This group is an excellent addition to the firm,» said Stratton Horres, regional managing partner of Wilson Elser's Dallas office and the partner in charge of lateral hiring nationally.

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 you missed: A snapshot of the lateral hiring, relocations and promotions at law firms in Asia over the December - January period.

We have made a number of significant investments over the last twelve months, both in new offices and in the recruitment of lateral hire partners, in particular in the Aerospace sector, which we anticipate will result in further growth in the coming years.»

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.

Fox Rodney Search founded FRS Insight, now known as Decipher Global, a completely independent company which undertakes in - depth due diligence assignments that mitigate the risk of your lateral hire.

DLA Piper continues to expand through a healthy pace of lateral hiring.

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.

The promise of lateral hiring is accelerated growth.

A systematic analysis of lateral hiring is just the first step in executing on a plan to use laterals to drive law firm growth.

Amid a spate of lateral hires, Winston & Strawn saw its gross revenue rise slightly for the second straight year in 2011, while profits per equity partner edged up for the fourth year in a row, according to The American Lawyer's reporting.

The cost of lateral hiring mistakes is substantial, both in quantifiable economic terms and in harder to measure cultural and morale terms.

The research results from Mark Brandon at Motive Legal in the United Kingdom, shows that nearly a third of lateral hires into London law offices had failed within five years.

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.

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.

Over the past decade, the advantages of group practice have significantly contributed to the increase in the number of lateral hires and the joining together of groups of attorneys in general practice and specialty law firms.

«Law firms in Baltimore are making a lot of lateral hires and that includes mid-level to senior associates and partners with books of business.»