The end of the calendar year is the time to shop and buy — Black Friday, Cyber Monday and the prime season for lawyers with valuable books of business looking for a new home. With Dec. 31 fast approaching, it makes sense for attorneys looking for a better fit to consider making that lateral move now.
Landing at a new firm in the very beginning of the fiscal year makes for the easiest transition. For firms, midyear hiring requires the same cash burden — paying out compensation, but results in deferring revenue. In the middle of the year, firms are less likely to want to add to their cash burden than at the beginning of the year.
