The recent decline in law school enrollment has created an increased demand for lateral hiring, potentially giving millennials more bargaining power. Millennials considering a lateral transfer bring a whole new perspective to job changes. Law firms looking to boost their millennial ranks through lateral recruiting should be mindful of this perspective when approaching the bargaining table.
As a millennial who recently made a lateral move—with friends who also have made recent lateral moves—I have discovered that we shared many of the same considerations when looking to move laterally to another firm. At the forefront of our minds were considerations of the firm’s online presence, future security, compensation packages beyond salary and work environment. Each of these played its own part in ultimately leading us to make a lateral move to another firm.
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