Perspective
Jun. 19, 2012
Examining the real cost of purchasing lateral talent
Part One of a five-part series. By Edwin B. Reeser
This article is the first in a five part series examining the cost to a hypothetical law firm of lateral lawyer hiring.
Once rare, the lateral movement of partners between major law firms is now almost a daily occurrence. Some hires succeed, but studies show a majority of hires, whether individuals or groups, are not successful. Let's briefly examine the basic economics of lateral hiring, and draw fundamental conclusions thereon. ...
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