Lateral Slump Shows No Signs Of Letting Up

Law360, New York (December 27, 2010, 1:08 PM EST) -- Despite an initial boom in the lateral market for partners in 2010, movement was sluggish for most of the year as firms and lawyers remained spooked by the recession's blow to the legal industry, a trend legal experts say will continue in 2011.

“2010 has been an extremely challenging and tumultuous year for lateral movement, and 2011 will doubtless be a reprise,” said Jerome Kowalski of Kowalski & Associates, a legal industry consulting firm. “There is a lateral market, but it is a different, more challenging...
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