The debate over the value of partner recruitment has intensified in recent years. Legal Business analyses hiring trends at top 50 firms and assesses the link between lateral hiring and financial performance
The mixed fortunes of law firms in recruiting partners can be summed up using a simple compare and contrast exercise. Compare the fanfare surrounding Kirkland & Ellis’ May hire of leveraged finance heavyweight Stephen Lucas from Weil, Gotshal & Manges and contrast it with, at the other end of the spectrum, this observation on one top 100 UK firm: ‘A firm can either pay more, or accept someone who is slightly mental but has a book of business.
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