Credit: The Little Hut. AdobeStockLateral Partner Movement in Miami Remains Brisk in 2024, Even if Down from Market's Apex
The increase in partner mobility from 2023 to 2024 is the highest of six markets tracked by lateral hire intelligence provider Decipher.
December 05, 2024 at 12:47 PM
4 minute read
What You Need to Know
- Lateral partner movement in Miami has fallen since the highs seen in 2021 and 2022.
- But Miami's lateral market still outpaced other markets throughout the U.S.
- While partner mobility has come down, associates have remained consistently moving in Miami.
After a frenzied run of partner moves spanning 2021 and 2022, data shows that mobility among senior lawyers in Miami has slowed since its peak. But law firms are still seeing plenty of associate mobility as local firms continue growing.
Despite the pace of moves falling below the apex, many Miami partners did succeed in finding new opportunities throughout 2024, with data from legal recruiting analyst Decipher indicating that year-end figures will show a 50% growth in partner mobility over the previous year. Although the increase is set to outpace all other markets in the data set, including New York and Los Angeles, all markets included in Decipher's data saw levels of partner movement that were below the 2022 high-water mark.
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