Something’s up at Texas firms – lateral hiring. According to firms responding to Texas Lawyer’s Lateral Hiring Survey, hires are on the rise across the state. Firms reported making 970 lateral attorney hires in 2001, compared to 931 the previous year. These Texas firms also said they lost 723 lawyers last year, while 755 departed in 2000. [See "Lateral Hiring at Texas Firms: By the Numbers," page 50.] Dallas-based Thompson & Knight reported the best retention rate for 2001, losing one attorney while gaining 28 laterals. Dallas-based Vial, Hamilton, Koch & Knox had the highest turnover percentage, losing 11 attorneys – 25.6 percent of its end-of-year Texas lawyer count of 43 attorneys.
As for volume, Dallas-based Akin, Gump, Strauss, Hauer & Feld reported the most departures in 2001, losing 127 attorneys while gaining 60 laterally. Fulbright & Jaworski, based in Houston, had the second highest departure rate, losing 78 attorneys and gaining 35 lateral hires in 2001.
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