Several Am Law 200 firms have recently established new leadership roles or announced new leaders with the responsibility of overseeing recruitment and talent management, adapting amid a busy period in the legal industry that has been marked by a high volume of lawyer lateral moves.
Firms such as Squire, Sidley Austin and Hogan Lovells are among those who have unveiled new leadership personnel in roles primarily focused on hiring and talent management.
This adjustment comes within a robust lateral market in Big Law, even with predictions hinting towards nominal declines in 2023. Long-term industry trends are also a factor in these changes, including the retirement of the baby boomers and the typical trend of many new lawyers adopting a more transient attitude towards Big Law. These trends are likely weighing on talent leaders’ minds across the industry.