06 February 2014

Baker & McKenzie leads on lateral hires

Corporate law partners are the most likely to make lateral jumps, and Baker & McKenzie is the biggest lateral recruiter, according to data press released by American Lawyer.

By Neasa MacErlean

Baker & McKenzie is the biggest lateral recruiter ollyy

Baker & McKenzie recruited 68 partners from other firms in the year to September. Jones Day was just behind, with 65 such appointments and Husch Blackwell, on 52, was third. Hogan Lovells saw the biggest outflow of partners (43), followed by K&L Gates (39) and DLA Piper (36). In the accompanying analysis, the publication says: 'Law firms love to grow. For most partners, it is a familiar and cherished state of affairs. But to grow revenues through a lateral acquisition strategy that dilutes rather than grows the profit pool is to mate on the basis of the peacock’s large, colorful tail.' Source: ALM

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