Firm finances are getting a lot more scrutiny this year -- including from potential lateral partners. In good times, candidates tend to focus more on practice fit and compensation. Now they're asking earlier and more specific questions about the financial history, equity levels, borrowing habits and financing plans of the firms they are considering. Says one law firm partner: "I don't have a conversation with a potential lateral partner where that subject doesn't come up."
Potential Laterals Taking a Closer Look at Law Firm Finances
November 25, 2008