Credit: Aan/Adobe Stock Lateral Movement Has Slowed Across the Board, Especially in Florida
With nationwide lateral movement down by 35% last year, South Florida saw a decrease of over 43% thanks to a correction period following post-pandemic highs, according to data from the National Association for Law Placement.
March 28, 2024 at 01:24 PM
4 minute read
What You Need to Know
- The national lateral market experienced a downturn last year, according to a new report.
- The downswing is generally a result of course correction following a big post-pandemic uptick.
- Because Florida saw significant boosts in 2020 and 2021, it's seeing swings in the opposite direction.
Following a lateral hiring frenzy in 2021, law firm hiring slowed by 11% generally in 2022. A new report indicates that hiring slowed even further in 2023 by 35% overall, with Florida seeing a significant slowdown.
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