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WHAT WE’RE WATCHING

YOUTH MOVEMENT - If you’re a young lawyer in the corporate transactional space, you’re a rock star right now—and soon law firms may be swarming your metaphorical limousine with Beatlemania-esque fervor. As Law.com’s Dylan Jackson reports, the lateral market for corporate associates is white hot and firms are pulling out all the stops to try to lure more of them in. Those stops include, but are not limited to, massive signing bonuses and same-day job offers for interviewees. So what’s driving that demand? As Jackson notes, various corporations and funds raised billions of dollars to shore up their liquidity at the start of the pandemic. But when business picked up the second half of 2020 and the economic outlook brightened, these vast sums had to be deployed somewhere, meaning a flood of business for transactional attorneys, experts and law firm leaders have said. That pace has only accelerated in the new year. “I definitely feel like corporate associate recruiting is the busiest I’ve seen since I’ve started my business,” said legal recruiter Jason McCann, founder of Gridline Search + Consulting.

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