Over a four-year span between 2014 and 2017, the lateral moves between firms in the Am Law 200 brought with them a total book of business valued at more than $17 billion, according to ALM Intelligence.
And yet, the number of laterals who leave their new firm within five years has been estimated at nearly 50 percent. Putting the two numbers together illustrates the serious consequences for firms that enter, and fail, in the lateral market.
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