SAN FRANCISCO — Managing partners of fledgling Silicon Valley offices say that despite the tanking economy and stagnant lateral market, they are here to stay.

Their firms still see long-term economic opportunities in the nation’s technology capital, but lateral hiring has become more risky, for both firms and partners, slowing expansion plans mapped out in the boom years. Though resumes are abundant, both partners and firms are more cautious, managing partners and recruiters say.

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