Welcome to our Law.com Barometer newsletter, powered by the ALM Global Newsroom in advance of Legalweek 2021. Each week this newsletter will bring you the trends, disruptions and shifts our reporters and editors are tracking through coverage spanning every beat and region across the ALM Global Newsroom. The micro-topic coverage will help you monitor the changing landscape of the legal industry and prepare you to participate in the events taking place at the year-long #Legalweek21.
The Shift: Today’s Lateral Market is High-Risk, High Reward
Industry-wide, law firms have had a lower appetite for lateral hires during the pandemic. Hiring in bread-and-butter practices such as corporate M&A and litigation has slowed dramatically. Lateral moves have cratered by about 30%, with drops in nearly all practices.
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