Is Lateral Hiring Good for Law Firm Business?
Posted on February 13, 2013 by Kandy Hopkins | Leave a comment
Thanks to the dissolution of Dewey & LeBoeuf, lateral hiring had a record year—both in the United States and in U.S.-based London firms. Am Law Daily reports that 2012 lateral hiring hit a three-year high with 2,691 moves, a 9.7 percent increase over 2011. In London, U.S.-based firms fueled an almost 40 percent increase in senior lateral recruitment over the last year. But is lateral hiring good for business? Perhaps, perhaps not.