Biglaw firms are willing to spend big bucks to recruit and retain top partners.
The post Biglaw Firms Budgeting Millions, Using ‘Entire Teams’ To Secure Top Lateral Partner Talent appeared first on Above the Law.

Ed. note: Welcome to our daily feature, Quote of the Day.

Historically, lateral partner recruiting was a fragmented process, often handled informally by an assistant to the managing partner. Today, it has transformed into a distinct professional function, sometimes involving entire teams dedicated to identifying and securing top talent.

— An excerpt from a report by Leopard Solutions, detailing the lengths Biglaw firms are willing to go to in order to attract and retain top lateral partner talent. Leopard further notes that “[f]irms now seek not just logistical support but also strategic contributors who can analyze market trends, identify key candidates, and integrate them effectively into the firm’s culture and operations.” According to the report, Biglaw firms expect lateral partner hiring to significantly drive their growth this year, and on average, these firms are budgeting more than $4 million to hire lateral partners.

Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.