Q3: The Friedman Williams Focus

The Friedman Williams Focus — Volume 1, Issue 2 is live. 📰

This issue starts with a costly reality: the lateral market is the hottest it’s been in five years, but roughly half of lateral partners underperform or leave within five years of joining. The issue often isn’t the lawyer’s ability. It’s what happens after the offer is signed.

This issue examines the infrastructure behind successful lateral hiring, including the role Business Development, Finance, Legal Operations, HR, and administrative teams play in helping firms protect these significant investments. We also look at the numbers shaping the lateral market today, from a 16.4% increase in overall U.S. lateral hiring to the growing competition for talent at smaller and mid-size firms.

Plus, our new Structural Trends section looks beyond legal at what’s reshaping executive hiring in accounting, including private equity, the shrinking CPA pipeline, and rising compensation, and why those trends matter for law firms competing for senior talent.

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