Last year, a significant industry movement occurred when Paul Weiss added 13 partners from Kirkland in a single month to improve its private equity capabilities in London, New York and California. This trend of partner groups moving from one firm to another was not just isolated to Paul Weiss; smaller-scale transitions also happened quite frequently. For instance, five energy litigation partners from Eversheds Sutherland transferred to Baker McKenzie, and three restructuring and insolvency partners from Bryan Cave Leighton Paisner went to Seyfarth Shaw.
This growing wave of group shuffles has prompted partners considering a lateral move to question their approach: Should they move alone or in a group? Timing plays a critical role here. A single partner typically completes a lateral move within two to six months, whereas group transfers can take up to a year, or even longer. With the industry witnessing an increasing number of group moves, it becomes crucial for partners to thoroughly contemplate the answer to this question.
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