Analysis

Why Partners Lateral: 3 Avoidable Reasons For Attrition

By Aebra Coe (June 3, 2019, 11:06 AM EDT) -- The departure of successful partners who have been lured away by competitors can wreak havoc on a law firm's business, yet many of the reasons why lawyers leave are completely preventable.

In 2018, lateral hiring was up 14% compared with the year before, according to the National Association for Law Placement, with the average law firm hiring 16.5 lateral attorneys per office. For the firms that see those attorneys go, the financial impact can be significant, especially if the person who leaves is a partner who controls a major book of business.

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