AVAILABLE OPPORTUNITIES (312) 781-9000
28 Feb

Top Strategies Behind Law Firms’ Lateral Partner Hiring

by: Astor Professional Search

The American Lawyer released results from its annual Lateral Report, which tracked lateral movement strategies among the nation’s largest and most successful law firms. The report, conducted by ALM Intelligence, reported 2,895 lateral moves among Am Law 200 firms in 2017, decreasing 2.3% from 2016. According to the report, law firm leaders reported a variety of strategies aimed at improving lateral hiring such as geographic expansion, spending top dollar on superstar partners, hiring lateral groups, recruiting experts in other fields, and expanding lower cost-firms in larger markets.

Chicago-based Winston & Strawn hired the most lateral partners of any Am Law 200 firm, the report revealed. The firm brought on 73 partners, representing nearly 22 percent of its partner ranks. DLA Piper hired the second-most partners, 69—a mere 5.7 percent of its partnership. The next three firms to grow their partner ranks by more than 10 percent through lateral hiring included Cozen O’Connor, Fox Rothschild and Hogan Lovells opening new offices in Pittsburgh, Los Angeles and Seattle, respectively (as quoted in The American Lawyer).

Kansas City, Missouri-based Polsinelli is another firm to see recent growth in the lateral partner market. Much of the firm’s recent growth has been in Chicago, where it has grown from just six lawyers in 2006 to 99 as of last December. The firm has found success recruiting from some of the city’s legacy firms, many of which have pursued a more international, higher-profit model (as quoted in The American Lawyer).

See highlights from the full article on The American Lawyer.

Contact Bill Sugarman for more information.

Share it here
Related Posts
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...

26 Oct Best Law Firms for Female Equity Partners (2020)
Best Law Firms for Female Equity Partners (2020)

Law360 released its seventh annual Glass Ceiling Report, which surveyed 300 law firms on gender diversity and ranked firms based on ...

02 Aug The AmLaw A-List: Top 20 and the Ones to Watch
The AmLaw A-List: Top 20 and the Ones to Watch

The American Lawyer released the 14th annual A-List: an analysis and ranking of the 20 top Big Law firms. The firms that made t...