Recruitment and retention of top talent is the cornerstone of most law firm’s business models. Despite this, many firms talent sourcing methods have evolved little in the past decade… and the traditional methods just aren’t working. Findings from three months of research into lateral hiring and conversations with nearly a quarter of the hiring teams of Am Law 200 firms highlight how the allure of increased revenue and profitability has dulled firms’ senses to the immense risks inherent in the lateral hiring process.
This webinar will provide a clear-eyed picture of the opportunities and risks law firm face in the lateral hiring space. It also provides straightforward, implementable, steps to address those problems.
Join this eye-opening session for a deep dive into:
– Identify the competitive intelligence tools available in the lateral market: there is far more information available on lateral hires than most law firms appreciate – it’s time firms embrace more data-centric tools.
– Learn about trends in the lateral hiring market: ALM Intelligence estimates that between 2014 and 2018, the total book of business moving between Am Law 200 firms due to lateral movement was $17.1 billion.
– Hear the common difficulties law firm’s lateral hiring programs face: 40% to 50% of lateral hires do not last 5 years at their new firm.
– Understand the practices leading firms are using to improve their lateral hiring programs and get straightforward, implementable, steps to address those problems.
ALM Intelligence's Analysts deliver actionable insights on the most critical challenges impacting the legal industry. Through rigorous analysis and interpretation of ALM's vast proprietary data assets and deep market research, we inform and guide leaders of law firms and law departments, enabling them to proceed on the optimal path forward.