The Myth Behind Lone Lateral Partner Losses

The Myth Behind Lone Lateral Partner Losses

Anyone who works in the Big Law industry has probably heard the myth that lone lateral partner hires are a waste of law firms’ time and money. First, the legend goes, more than half of all laterals fail to meet their new firms’ expectations. Having promised more than...
Law Firm Overcapacity? Not in New York

Law Firm Overcapacity? Not in New York

“Equity partners are not busy enough at 51 percent of all law firms,” declares Altman Weil’s 2018 survey on the state of the legal market post-recession. It’s a stinging report, one that depicts a market glutted with “chronically underperforming lawyers” who siphon...