To Laterals in the Covid-19 Era: Be Ready for Your Close-Up
Videoconferencing is how some laterals will land at their next job if the coronavirus persists, recruiters predict. Laterals will likely sign on with law firms that they've never set foot in and whose partners they've never met.
March 25, 2020 at 02:36 PM
4 minute read
Would you marry someone you've only dated online without checking out what he's like in the flesh? Sure, he's a charmer on your computer screen, whispering all those sweet nothings and promising you happiness and security. And of course, you've checked him out so you know he comes from good stock. It all sounds wonderful, but is that enough information to make a lifelong commitment?
You wouldn't get hitched that way, but that's how some lawyers will land at their next job if the coronavirus persists, predict recruiters. Laterals will likely sign on with law firms that they've never set foot in and whose partners they've never met.
Call it marriage, Covid-19 style!
"If candidates know the firm—and some partners—and vice versa, I can see a partner telling me that they are comfortable accepting an offer based on video-conference meetings," says Gloria Sandrino, the global head for partner and group recruiting at Lateral Link, who calls it "the new normal!"
That might seem risky, but that's today's drill. What's more, only a select group—namely, partners with business or expertise—can play this privilege game of roulette.
"The lateral market is definitely down, though it's kind of a sliding scale," says Jeffrey Lowe, a managing partner at Major Lindsey & Africa. "Picture an x/y graph on which you chart the time in progress against the amount of book of business and the level of importance of the practice area," says Lowe. "The more along you are in all those categories, the more you're likely to progress."
In other words, if you're not already in the process, your lateral ship probably has sailed with the coronavirus lockdown. "For candidates who were far along with the interview process pre-COVID-19, law firms and candidates have kept the process moving along," says Sandrino, adding that retained, exclusive and targeted searches are on hold.
That closing window also means that candidates are no longer sitting on their offers, according to recruiters. (Yes, recruiters have reason to encourage candidates to accept offers.) "If they've been dawdling, they now realize what's available now might not be there tomorrow," says Lowe. "People are accepting quickly."
Candidates whose practice area is in demand at the moment might have more leverage. Just a few months ago, private equity seemed to be the rage. No longer.
As you'd expect, the hotties are now bankruptcy and labor and employment lawyers. Other sought-after practices include cybersecurity and privacy, litigation, white-collar, health care and government work related to the nearly $2 trillion bailout.
Stuart TenHoor, who specializes in placing food and drug administration lawyers, says his area is also super busy. "I placed FDA lawyers—13 last year and four so far this year—and there is still demand for them," says TenHoor. "Life sciences clients are clamoring for answers, and FDA lawyers are burning the midnight oil."
In any case, you better learn to dazzle people on video. Not everyone is comfortable with virtual interviews but that's the program. "Virtual interviews are not all bad," says TenHoor. "Think strategically." Among his advice: Prepare bullet points on expertise, accomplishments and what makes you unique. And don't forget what your drama teacher always told you: Project! "Be confident and vocal because only about 22% of you is coming through [on video]," says TenHoor, adding that "95% of you comes through in person."
But even if you're a natural on Zoom, BlueJeans or whatever, don't count on a quick hitch. "The interviews in the partner recruiting space are taking longer than usual," says Sandrino. "Partners, both on the law firm and candidate side, are really taking the time to get to know each other." Sandrino adds that firm leaders are much more thoughtful about lateral hiring than they were during the last recession. "There seems to be a real strategy for the practice and the skill set, as opposed to just the portables. A silver lining in these awful times!"
In other words, everyone is circling around, checking each other out. But commitment? Nah. Just like internet dating.
Contact Vivia Chen at [email protected]. On Twitter: @lawcareerist.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllAs Big Law Walks a Tightrope, Herbert Smith Freehills Refuses to Lose Its Footing
8 minute readHoly Grail: Can Changing Big Law Recruiting, Hiring and Training Lead to Greater Retention?
10 minute readTrending Stories
- 1Call for Nominations: Elite Trial Lawyers 2025
- 2Senate Judiciary Dems Release Report on Supreme Court Ethics
- 3Senate Confirms Last 2 of Biden's California Judicial Nominees
- 4Morrison & Foerster Doles Out Year-End and Special Bonuses, Raises Base Compensation for Associates
- 5Tom Girardi to Surrender to Federal Authorities on Jan. 7
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250