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Recruiting and Retention: A poor ROI for many law firms
In an improved business climate, attorney retention has once again become a priority for law firms, whether the new hires are from incoming classes or lateral moves. Many firms are reportedly facing a shortfall of senior associates, because they either laid off too many attorneys or cut back too much on their hiring goals during the recession – in order to protect short-term profitability.
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Law Firm Laterals 2017 H1 Report: Actionable Intelligence for Law Firms
Law firms often turn to lateral hiring as one element of a strategy to increase in size and grow their client base, and lateral movement has been on the rise in recent years. New legal market data collected by Leopard Solutions finds the tide may be shifting slightly, however, with a drop in lateral hires in the first half of this year.
Rise In Lateral Moves Offers Actionable Intelligence For Law Firms
Lateral movement tracking reports generated by Leopard Firmscape indicate there has been a steady rise in lateral attorney hires since 2014 among the nation’s Top 200 law firms. Consisting of data from more than 6,000 lateral moves tracked since 2012, this article provides critical intelligence important to the business development concerns of law firms.