How To Hire Lateral Partners More Effectively

By Michael Ellenhorn (November 19, 2019, 3:57 PM EST) -- There is no question that the practice of hiring lateral partners has become vital to the growth of many leading law firms. In Altman Weil Inc.'s 2019 Law Firms in Transition Survey, 92.4% of firms surveyed said they planned to grow through lateral hiring. Even a cursory glance at regional and practice group growth at larger law firms reveals just how much lateral hiring has become a necessity for many firms not only to thrive, but in some cases, to survive.

In July, LeClairRyan, the three-decade-old Richmond, Virginia, law firm that just a few years ago employed nearly 400 attorneys, filed...

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