Breaking Legal News & Current Law Headlines | Daily Legal Briefing
  • Home
  • Hot Topics
  • Breaking
  • Business
  • Big Law
  • Small Law
  • Law School
  • Legal Tech
No Result
View All Result
No Result
View All Result
Breaking Legal News & Current Law Headlines | Daily Legal Briefing
No Result
View All Result
Home Big Law

The Hottest Biglaw Practice Areas For Lateral Moves And More

Daily Legal Briefing by Daily Legal Briefing
January 11, 2022
in Big Law
0
The Hottest Biglaw Practice Areas For Lateral Moves And More
4
SHARES
33
VIEWS
Share on FacebookShare on Twitter


lateral move Businessman jumps over the ravineI am running out of words to describe how utterly bonkers the Biglaw lateral market is. I mean, yes, fire is still accurate or red hot if you prefer and yeah, it’s going to keep on going. And law firms are emptying their arsenals: raises, special bonuses, signing bonuses, retention bonuses, and even non-comp-related perks in the fight to compete for the best and brightest associates (or at least ones that are available).

And now there are some hard data points to put with the Great Lateralization. The legal data company Decipher, which provides firms with due diligence on lateral hires, as reported by ABA Journal, has quantified the lateral moves. And, the high-level numbers are eye-popping: through September 30th, 13,987 associates moved to new firms, a 51 percent increase over the previous four-year average for that time period.

They’ve also broken down where and in which practice areas most of the moves are coming from:

The two most active practice areas for lateral associate moves were data privacy, which saw a 116% increase, and corporate, which experienced a 91% increase over the four-year average. Insurance also saw a 66% increase in lateral associate moves.

Decipher reports that all the major markets saw at least double-digit increases in associates moves compared to the previous four-year average. The markets leading the way were Miami (64% increase), Chicago (62% increase) and New York (56% increase).

Lateral partner moves were also up over the four-year average, but only by 8 percent. Here’s how those moves shook out:

Data privacy was also the most active practice area for partner moves, with a 58% increase compared to the previous four-year average. Additionally, the energy sector saw a 48% increase in lateral partner moves.

Leading the way among practice areas that saw decreases in lateral partner moves were bankruptcy (-26%) and environmental law (-15%).

Orange County, California, saw the largest increase in lateral partner moves, experiencing a 75% increase compared to the previous four-year average for the first three quarters of the year. The District of Columbia (33%) and Denver (31%) were the other two major markets to see more than 30% increases.

So, there you have it. It’s still a great time to explore your options in Biglaw.


Kathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).





Click to Read Original Article

Previous Post

Remembering A Legal Academic Legend

Next Post

Ex-film industry lawyer gets prison time for blackmailing woman he met on ‘sugar daddies’ website

Daily Legal Briefing

Daily Legal Briefing

Related Posts

Biglaw Firms With Tech-Centric Clients May Soon Face Financial Difficulties
Big Law

The Biglaw Firm With The Largest Decline In Gross Revenue

by Daily Legal Briefing
June 3, 2023
Biglaw Probably Won’t Be Hemorrhaging Lawyers Via Layoffs Anytime Soon
Big Law

Am Law 200 Firm Announces Employee Cuts, Citing ‘Challenging Economic Environment’

by Daily Legal Briefing
June 2, 2023
Mastering Lateral Hiring Interviews For Your Legal Career: Essential Strategies and Insights
Big Law

Mastering Lateral Hiring Interviews For Your Legal Career: Essential Strategies and Insights

by Daily Legal Briefing
June 2, 2023
Elite Law Firms Recognized As Some Of The Best For Women & Diversity (2023)
Big Law

Elite Law Firms Recognized As Some Of The Best For Women & Diversity (2023)

by Daily Legal Briefing
June 2, 2023
Biglaw Firms Are Continuing To Grow Amid Dropping Demand Because Associates Aren’t Quitting
Big Law

Biglaw Firms Are Continuing To Grow Amid Dropping Demand Because Associates Aren’t Quitting

by Daily Legal Briefing
June 2, 2023
Next Post
Ex-film industry lawyer gets prison time for blackmailing woman he met on ‘sugar daddies’ website

Ex-film industry lawyer gets prison time for blackmailing woman he met on 'sugar daddies' website

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

From Chasing Paper To Chasing Business 

From Chasing Paper To Chasing Business 

November 3, 2022
West Virginia Could Have A New Law School. I Wonder Where It Will Rank?

West Virginia Could Have A New Law School. I Wonder Where It Will Rank?

February 8, 2022
Elon Musk Teases Tortious Interference Lawsuit Over Twitter Boycotts Because He’s Not A Lawyer… And Is A Moron

Elon Musk Rights ‘Error’ Of Hiring Competent Biglaw Firm

February 15, 2023

Browse by Category

  • Big Law
  • Breaking
  • Business
  • Hot Topics
  • Law School
  • Legal Tech
  • Small Law

About US

Breaking Legal News & Current Law Headlines | Daily Legal Briefing.
Online coverage of breaking legal news and current law headlines from around the US. Top stories, videos, insight, and in-depth analysis.

Categories

  • Big Law
  • Breaking
  • Business
  • Hot Topics
  • Law School
  • Legal Tech
  • Small Law

Recent Updates

  • The Biglaw Firm With The Largest Decline In Gross Revenue
  • Google Business Profile Posts: A How-To For Small Law Firms
  • Weird How Quiet The ‘Campus Free Speech Crisis’ Crowd Has Been About CUNY Law School

© 2021 Daily Legal Briefing | Breaking Legal News & Current Law Headlines

No Result
View All Result
  • Contact Us
  • Home

© 2021 Daily Legal Briefing | Breaking Legal News & Current Law Headlines

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?