Analysis

Why Rainmakers Are Helping Rich Firms Get Richer

Law360, New York (January 26, 2017, 5:15 PM EST) -- While lawyers may have once joined a law firm as associates and stayed there until the day they retired, that’s no longer the case, and rainmakers are no exception.

According to a recent report by Major Lindsey & Africa, rainmakers at weaker law firms are making their way to stronger and more profitable firms, a trend that experts say is being triggered by more than simply money.

Attorneys who have substantial books of business are increasingly choosing to jump ship for law firms that are on more stable financial footing, the report says, as the legal industry faces an uncertain future...

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