A slow economy has at least one upside for law firms: The pool of potential lateral partners has deepened. The lateral market is flooded with good attorneys in need of employment, and some firms are taking advantage of the down economy to bolster their partner ranks -- at bargain rates in some cases. At the same time, firm leaders say they are being choosier than ever about whom they bring on board because they have more options, and because the slow economy demands that they be cautious in their decisions.
Law Firms Getting Top Lateral Talent for Bargain Prices
The National Law Journal
November 17, 2008