Credit: svetazi/Adobe Stock Where (and Why) Law Firm Lateral Partner Activity Is Surging
"There is a boom coming. We just don't know when," one recruiter said this week. "But it's absolutely coming, and it's going to be synonymous with the interest rate drops."
July 25, 2024 at 12:00 PM
4 minute read
Law Firm Hiring
What You Need to Know
- Large group acquisitions, an election-year flood of government lawyers, and expected interest-rate cuts are among some of the reasons for moves in those areas, recruiters and industry observers say.
- Finance saw the highest number of laterals (65) during the first half of 2024.
- There were some drops in lateral activity too, however. Private equity and litigation lateral moves, for example, fell off in this cohort.
The largest firms in the largest cities have been "picking their heads up" again on the lateral market, and they're seeing opportunities in corporate, finance, white-collar and investment management and funds work.
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