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.
Summer associate hiring down last year amid sluggish legal market
By: Beth Moszkowicz
Alas, it looks like 2012 was not the best year for law firm summer associate hirings.
The median and average numbers of summer associate offers to 2Ls dipped a little bit according to NALP (formerly the National Association for Law Placement). Also down: the percentage of interviews resulting in the offer of a summer associate position.
The American Bar Association hopes to get information about how well the law school class of 2011 did in the job market into the hands of prospective law students as early as next month — a full year earlier than in the past.
It’s been five years since any state judge in Connecticut has received a pay increase. While it unlikely that any of those judges — whose annual salaries range from more than $146,000 to $162,000 — are starving, many of their peers in private practice are doing far better. That’s something that doesn’t sit well with many judges.
Private-practice lawyers and others engaged temporarily by government agencies are entitled to qualified immunity from being sued, the Supreme Court ruled unanimously on Tuesday.
I think we should see more of this. I think we should see more professors, deans, and law school administrators outraged by the practices of some unscrupulous law school officials. I think we should see more legal educators who are disgusted by what other money-grubbing deans and officials do to fill up their classes. I think the bad people in legal education have an easy time of it because the good people won’t stand up.
In the competitive field of the law, finding talented young attorneys has rarely been a challenge for most law firms. However, some evidence indicates that there may be an upcoming decline in new associates to hire over the coming years. For instance, the New York Times reports that there has been a sharp drop in the number of students taking law school entrance exams.