It’s once again the time of year when a subset of law firm partners who moments ago were basking in the glow of hefty final distributions now find themselves deciding whether or not to pull the trigger on that lateral move they have been considering for the last few months. Could it be that the grass (and the cash) is greener at another firm? It likely isn’t the first time such partners are mulling a change, but for many it’s the first time they’re doing so seriously.

We’d wager this is particularly true in 2022, in the wake of a head-spinning year that has seen lateral partner activity—and what firms are willing to pay for top talent—go through the roof. The continuing trend of firms moving away from strict lockstep to more dynamic pay scales reflects their desire to be increasingly proactive in retaining lawyers and competitive in the lateral market.

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