Credit: Hyejin Kang/Shutterstock.comBattle for Top Talent Accelerates Amid Profit and Demand Surge
“There’s basically no firm that’s immune from market pressure, with very rare exceptions,” said one legal recruiter.
November 22, 2024 at 06:00 AM
5 minute read
What You Need to Know
- Surging demand and profits have set off a flurry of lateral hiring in Big Law.
- Several elite firms have announced hires of groups and rainmakers in the last few weeks alone.
- The moves come as some firms anticipate double-digit revenue and profit hikes this year.
The surge in demand and profits this year is creating a ripple effect in the battle for talent, with rainmakers more on the move, groups of lawyers getting poached, and rising bonuses for associates.
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