The legal industry is currently witnessing a significant uptick in partner mobility, with lateral movement across law firms increasing by 20% compared to the previous seven-year average. This trend indicates that now may be an optimal time for firms to strategically hire lateral partners, particularly those with substantial experience. The surge in partner transitions follows a period of slower activity at the end of 2023. Given these developments, firms looking to expand or bolster their capabilities should take note of this active market.
For a deeper dive into the trends and implications of this heightened partner mobility, as well as insights on potential red flags to be aware of when hiring lateral candidates, Julie Henson and Greg Hamman of Decipher Investigative Intelligence provide thorough analysis in their discussion. For further details, read the article on Law360.