According to The American Lawyer , more than 2,000 major law firm partners have switched firms in each of the last several years. That means that about 5 percent of all big-law partners move firms annually. While some portion of this number consists of large group moves, the majority of lateral-partner moves involve individual transactions in which just one, or a few, lawyers switch firms at a time.
What accounts for so much movement at the partner level? Simple: a lateral move is often the best thing for a partner’s career, and the benefits go to partners with modest books of business as much as to those with larger ones.
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