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03 Feb

‘Big Law’ Firms See Continued Increase in Lateral Partner Moves

by: Astor Professional Search

Partner moves were at their highest count yet in 2015, the “strongest year since 2009 for lateral partner moves at big law firms,” according to The American Lawyer.  ALM’s Legal Intelligence branch (ALI) tracked lateral partner moves at Am Law 200 firms and found an astounding 43.5 percent increase since 2010, as well as a 5.6 percent increase from 2014.

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‘Lateral lift-outs,’ the co-departure of a group of attorneys from a firm, have also been increasingly popular.  Gretta Rusanow of Citi Bank’s Law Firm Group notes that a firm “may look to bring on a group of partners, believing that it increases the likelihood of the laterals’ clients moving to a new firm,” (as quoted in The American Lawyer).

Nearly thirty percent (28.1) of the lateral partner hires were litigators, followed by corporate, banking and finance, and intellectual property attorneys (The American Lawyer).  Chicago, along with New York, D.C., Boston, and Los Angeles showed active lateral partner activity, according to the report.

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William Sugarman

William Sugarman is the president and founder of Astor Professional Search. He engages in the successful placement of attorneys with local, regional, and international law firms and corporations. Bill’s extensive legal and business development experience give Astor an edge over other legal recruiters nationwide. At the cornerstone of Bill’s strategic philosophy is providing the highest level of personalized attention to his clients and attorney candidates. This is also a key factor that separates Astor from other legal search firms, and it consistently delivers legal placements year after year.

Years of Experience: More than 20 years

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