Law Firms Struggle With Lateral Partner Due Diligence, Report Finds

, The Am Law Daily

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Lateral hiring is said to be critical to many firms' strategies, but 30 percent of laterals deliver less than half their expected book of business in their first year at the new firm, with another 21 percent delivering three-quarters or less, an ALM Intelligence report found.

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Minimizing Risk in Lateral Partner Hiring: Effective Due Diligence

The report examines the obstacles firms face when navigating the due diligence stage of the Lateral Partner Hiring Lifecycle and equips firm leaders with practical tools for improving the objectivity and value of candidate evaluations.

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What's being said

  • Jay Perry, Esq./Perry Placement, Inc.

    We know that our clients that allow unrestricted access to partners, practice group leaders and management, enjoy substantially higher results. Deep client relationships with recruiters will also provide firms with the proper cultural fit and massive time savings.

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