Coyness Now Could Spell Lateral Doom Later

Law360, New York (March 30, 2010, 3:57 PM EDT) -- While many law firms have no problem spending wads of cash on wooing hotshot lateral talent, the reluctance to discuss whether the move would be a good cultural fit can lead to disastrous results post-hire, legal experts say.

Although laterals can generate enormous new business for a firm, their attrition rate suggests that many have no problem bolting soon after the wining and dining is over. According to the NALP Foundation's 2007 Update on Associate Attrition, 35 percent of departing lateral associates left within two years...
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