Global Lateral Hiring by The Numbers: A Look Behind the High 5-Year Attrition Rate

By Hugh A. Simons

   | 2 Comments

Half of lateral partner hires are failures. To be precise, 47 percent of laterals don’t stay more than 5 full years.

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  • Hugh Simons (Author of the piece)

    Thank you, "Commenter". I believe I agree. Firms can fail with lateral hiring both by hiring the wrong partners AND by hiring the right partners but integrating them badly. It‘s not easy to parse the two in the numbers, but both should be regarded as failures by the firm. Make sense?

  • Commenter

    You also need to take into consideration the number of law firms that misrepresent their financial condition, and their estimated profits, and that hide from laterals the scope of their partnership agreements and attorney handbook provisions. I have seen numerous laterals who meet and exceed their numbers who leave because of these factors. It is not all a one way street.

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