{"id":138010,"date":"2025-12-02T16:25:53","date_gmt":"2025-12-03T00:25:53","guid":{"rendered":"https:\/\/xira.com\/p\/2025\/12\/02\/are-elite-firms-buying-the-demand-from-top-50-firms-through-high-profile-lateral-moves\/"},"modified":"2025-12-02T16:25:53","modified_gmt":"2025-12-03T00:25:53","slug":"are-elite-firms-buying-the-demand-from-top-50-firms-through-high-profile-lateral-moves","status":"publish","type":"post","link":"https:\/\/xira.com\/p\/2025\/12\/02\/are-elite-firms-buying-the-demand-from-top-50-firms-through-high-profile-lateral-moves\/","title":{"rendered":"Are Elite Firms \u2018Buying The Demand\u2019 From Top 50 Firms Through High-Profile Lateral Moves?"},"content":{"rendered":"

Ed. note<\/u>: Welcome to our daily feature, Quote of the Day<\/a>.<\/em><\/p>\n

The highest-profit firms are using their wallets and their success to then target the better-performing and higher-generating partners from that next group of firms. Essentially, in some sense, they\u2019re buying the demand from the ones who have it but don\u2019t have sufficient profitability to pay those people. So the demand is getting aggregated to the people with the deep pockets.<\/strong><\/p>\n

\u2014<\/i> Owen Burman, senior consultant at Wells Fargo\u2019s Legal Specialty Group, in comments given to the American Lawyer<\/a>, on the state of the legal market generally. Burman noted that lateral activity was up \u201cbroadly\u201d this year, with elite firms taking partners \u2014 and demand \u2014 from the rest of the top 50 firms. <\/em><\/strong><\/p>\n

\n
\"\"
<\/figcaption><\/figure>\n

Staci Zaretsky<\/a>\u00a0is the managing editor of Above the Law, where she\u2019s worked since 2011. She\u2019d love to hear from you, so please feel free to email<\/a> her with any tips, questions, comments, or critiques. You can follow her on\u00a0Bluesky<\/a>,\u00a0X\/Twitter<\/a>, and\u00a0Threads<\/a>,\u00a0or connect with her on\u00a0LinkedIn<\/a>.<\/em><\/strong><\/p>\n

The post Are Elite Firms \u2018Buying The Demand\u2019 From Top 50 Firms Through High-Profile Lateral Moves?<\/a> appeared first on Above the Law<\/a>.<\/p>\n

Ed. note<\/u>: Welcome to our daily feature, Quote of the Day<\/a>.<\/em><\/p>\n

The highest-profit firms are using their wallets and their success to then target the better-performing and higher-generating partners from that next group of firms. Essentially, in some sense, they\u2019re buying the demand from the ones who have it but don\u2019t have sufficient profitability to pay those people. So the demand is getting aggregated to the people with the deep pockets.<\/strong><\/p>\n

\u2014<\/i> Owen Burman, senior consultant at Wells Fargo\u2019s Legal Specialty Group, in comments given to the American Lawyer<\/a>, on the state of the legal market generally. Burman noted that lateral activity was up \u201cbroadly\u201d this year, with elite firms taking partners \u2014 and demand \u2014 from the rest of the top 50 firms. <\/em><\/strong><\/p>\n

\n
\"\"
<\/figcaption><\/figure>\n

Staci Zaretsky<\/a>\u00a0is the managing editor of Above the Law, where she\u2019s worked since 2011. She\u2019d love to hear from you, so please feel free to email<\/a> her with any tips, questions, comments, or critiques. You can follow her on\u00a0Bluesky<\/a>,\u00a0X\/Twitter<\/a>, and\u00a0Threads<\/a>,\u00a0or connect with her on\u00a0LinkedIn<\/a>.<\/em><\/strong><\/p>\n

The post Are Elite Firms \u2018Buying The Demand\u2019 From Top 50 Firms Through High-Profile Lateral Moves?<\/a> appeared first on Above the Law<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ed. note: Welcome to our daily feature, Quote of the Day. The highest-profit firms are using their wallets and their success to then target the better-performing and higher-generating partners from that next group of firms. Essentially, in some sense, they\u2019re buying the demand from the ones who have it but don\u2019t have sufficient profitability to […]<\/p>\n","protected":false},"author":3,"featured_media":138011,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16],"tags":[],"class_list":["post-138010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-above_the_law"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/xira.com\/p\/wp-content\/uploads\/2025\/12\/Staci-Zaretsky-jFdvOW.jpg?fit=150%2C100&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/138010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/comments?post=138010"}],"version-history":[{"count":0,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/138010\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media\/138011"}],"wp:attachment":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media?parent=138010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/categories?post=138010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/tags?post=138010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}