Partners divided over value of lateral hires
The City is split over whether lateral partner hires deliver real benefits to law firms, with those firms opting to bring in partners from the magic circle felt to face the greatest challenges. The results of the latest Legal Week Big Question survey show that just less than half of partners (47%) believe lateral partner recruitment has a 50/50 chance of delivering substantive commercial results, with a further 20% arguing such hires ‘rarely' work out. Only 32% of respondents think lateral hiring ‘often' or ‘nearly always' delivers results.
After a year of turbulence for partnerships at many leading law firms, City partners have mixed feelings about the benefits that lateral hires – in particular from the magic circle – can bring. Claire Ruckin reports
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