AVAILABLE OPPORTUNITIES (312) 781-9000
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.

‘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.

Share it here
Related Posts
17 Feb The Humbling Reality of Setting Up Shop in the Chicago Legal Market
The Humbling Reality of Setting Up Shop in the ...

Finding a foothold in the Chicago market isn’t as easy for the elite ‘big law’ firms as they might like to believe...

24 Apr The American Lawyer Am Law 100 Highlights (2020)
The American Lawyer Am Law 100 Highlights (2020)

The American Lawyer released their 33rd annual Am Law 100 report, which includes data and rankings for the nation’s 100 hi...

21 Oct Slower Billing Rate Increases May Boost Revenue Growth
Slower Billing Rate Increases May Boost Revenue...

As law firm billing rates are rapidly increasing overall, a new study shows that firms that raised their rates more slowly are start...