Laterals Choose Job Security Over Big Profits: Study

Law360, New York (June 22, 2009, 12:00 AM EDT) -- With no foreseeable end to the recession, lateral partners are increasingly willing to leave top-tier firms for less profitable firms that offer greater job security, a recent study says.

Whether they are concerned about their current firm's financial viability or that their practice is no longer valued within their firm, more partners are leaving firms that feature higher profits per partner for less profitable firms, according to an analysis by management consultancy KermaPartners of more than 240 lateral partner moves made among AmLaw 200 firms during...
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