In A Market Abuzz With Laterals, Buyer Beware

Law360, New York (March 9, 2010, 7:09 PM EST) -- A recent boom in the lateral market for partners has created exciting opportunities for law firms looking to build out particular practice areas or to increase their presence in certain markets. But firms that scoop up lateral hires without taking a few key steps could wind up regretting those choices down the road, hiring attorneys said.

Experts attribute the action in the lateral market to a combination of recession-fueled belt-tightening that prompted some firms to let go of partners and the first-quarter bump that normally occurs...
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