Cue up the theme from Jaws: A terrifying report from insurance broker Ames & Gough reminds firms of the unexpected and the unknown dangers in the lateral waters.
In 2017, Ames & Gough released a survey of legal professional liability insurers in which nearly half of those polled – representing the majority of the Am Law 100 – reported an uptick in claims stemming from lateral hires. Alarmingly, half of these insurers traced malpractice claims to law firms not adequately resolving a conflict of interest.
It’s January, which means it’s comp season for many law firms…soon to be followed by an influx of lateral candidates who were unhappy with their
Even before the COVID-19 pandemic, hiring lateral partners was an inherently risky endeavor. In 2017, insurance broker Ames & Gough released a survey of legal
Hiring lateral partners can be an irresistible proposition for law firms seeking immediate growth. According to a recent survey by Decipher Investigative Intelligence, 79 percent
The lateral partner questionnaire (LPQ) should not be a mere formality – instead, it should be considered your first line of defense in lateral partner
It’s been a year and a half since the first COVID-19 lockdowns changed everything. To be sure, many effects of the pandemic are far more
Decipher tracked lateral associate moves in the first quarter of 2021 and each of the four years prior. The data shows a market-changing level of
Planning to recruit laterals in 2021? Consider this: 62 percent of laterals fail to bring their promised book of business. 73 percent of clients say
Citing data collected and analyzed by Decipher, Thomson Reuters’ Westlaw News recently reported projections for lateral partner movement in major U.S. markets over the first