The managing partner of a 47-attorney, growth-oriented Philadelphia firm recently wrote to me and asked whether it makes economic sense for his firm to acquire as a lateral hire a senior attorney with a foreclosure practice.
The managing partner expressed uncertainty about the feasibility of this acquisition for financial and cultural reasons. However, several of his partners who endorse the acquisition of this senior attorney believe that any additional fees are a good thing, as long as the direct labor and incremental costs are covered.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]