Lateral partner-hiring has become a topic of strategic importance to law firms primarily because of flat overall market growth for nearly a decade. The challenge for law firm leaders is to ensure that the short-term perception of growth and dynamism that comes from lateral partner recruitment leads to stronger long-term economic results.
Read MoreBuilding upon two earlier installments on lateral partner hiring, Bill Henderson and Chris Zorn describe how firms need a measured approach to evaluating a prospective partner's business logic, skills, and other attributes.
Read MoreOn news of the lateral move of a process improvement team, Bill Henderson and Chris Zorn suggest that a sea change in the market for legal services is occurring and will eventually reduce the importance of lateral partner hiring.
Read MoreUsing principles from evolutionary biology, Bill Henderson and Chris Zorn explains lateral partner market dynamics to help understand why firms are engaged in hiring practices that are not beneficial in their long term interests.
Read MoreRelying on over a dozen years of data, Bill Henderson and Chris Zorn establish an empirical foundation for discussing the lateral partner market and suggests that the best strategy for firms may be avoiding failure.
Read MoreDrawing upon a dataset of Am Law 200 firms, this study documents that average profits per equity partner are higher in single-tier partnerships, even after controlling for geographic market segment and firm leverage.
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