https://www.legislation.com/2023/12/29/in-2023-group-lateral-moves-proved-economy-proof-as-firms-advanced-strategic-growth/
Credit score: Photocreo Bednarek/inventory.adobe.com“The massive group strikes are pushed by the celebs which are a part of these teams,” stated Macrae recruiter Justine Donahue. “The excessive rainmakers can command a bunch to maneuver with them based mostly on their shoppers and their model title.”
December 29, 2023 at 05:00 AM
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What You Have to Know
- A downturn in authorized providers demand in company practices hasn’t deterred giant corporations from advancing methods with the help of giant accomplice teams.
- On the identical time, accomplice group strikes can reveal the vulnerability of some corporations.
From Morgan, Lewis & Bockius absorbing Shearman & Sterling’s entire Munich office to Paul, Weiss, Rifkind, Wharton & Garrison’s raid on Kirkland & Ellis transactional partners, group lateral acquisitions dominated headlines within the authorized press this 12 months, despite the frequent notion of an underwhelming 12 months for authorized providers.
However regardless of the eye-catching headlines that group lateral strikes produce, accomplice recruiters and Am Legislation 100 agency leaders say that for each such transfer, there are 20 that collapse: each financial situations and particular agency circumstances should be proper to spark a bunch’s exodus.
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