A deep lateral market's new rules

Choosier firms seek bargain prices.

, The National Law Journal

A slow economy has at least one upside for law firms: The pool of potential lateral partners has deepened. Recruiters and law firm leaders say the recent dissolution of several prominent law firms has flooded the lateral market with good attorneys in need of employment, and uncertain financial futures at a number of firms have prodded some well-established attorneys to consider their options elsewhere. With talent available at bargain prices, some firms are taking advantage of the down economy to bolster their partner ranks.

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