Lateral movement of partners and practice groups has increased among big firms in recent months, and the growing trend has firms trying a variety of approaches to foster loyalty. Giving partners a vote in all "material initiatives" is critical, says one administrative partner: "If you all know where the ship is headed, you're more eager to get on the oars and take it there." But, as firms become larger and reflect a more corporate structure, issuing an oar to every partner seems to be getting tougher.
June 22, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
When Richard Ross and his band of real estate lawyers broke away from Squire, Sanders & Dempsey to help establish a Phoenix office for Sonnenschein Nath & Rosenthal, the move marked the end of a 17-year relationship between Ross and his old firm.
At 54, Ross had risen through the ranks at Squire Sanders to become head of the 804-attorney firm’s hospitality practice, and leaving it was an emotional two-year process, he said.
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