Law Advice

If 2010 was a year for staying put, 2011 was the year that law firm partners jumped back into the lateral market with full force. During the 12-month period ending Sept. 30, 2011, 2,454 partners left or joined Am Law 200 firms — a 22 percent increase over 2010. However, that’s no signal that the boom years are back; transactions and litigation both lagged in 2011. Instead, lateral hiring is being fueled partly by cherry-picking, as firms fight the effects of a stagnant economy by poaching top performers from rivals.

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