US firms scale back City recruitment as lateral hires fall to five-year low
Lateral partner hiring by US firms in London fell to its lowest level since 2004 last year, according to new research from Legal Week. A survey of hiring trends at the City operations of 37 of the biggest US and transatlantic firms found there were just 59 lateral partner moves across the whole of 2009, with many firms shying away from expansion against the backdrop of the global recession.
Research shows US firms’ City recruitment at lowest level since 2004
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