Lateral Market To Feel Impact Of Recession In 2010

Law360, New York (January 2, 2010, 5:32 PM EST) -- The lateral market will stay hot in 2010 as law firms seek out new talent and partners become increasingly disillusioned with the financial state of their firms, legal industry consultants said.

Legal observers agreed that 2010's movement will be a product of the economic downturn and will be spurred by law firms interested in bulking up on available talent to prepare for the future, or looking to unload partners who aren't producing.

“If 2009 was categorized as the year law firms got rid of associates, 2010...
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