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 costly to hire laterals, and yet nearly half leave after five years. Researchers from ALM Intelligence and consultancy Decipher asked why the process was
Risky Business: Rethinking Lateral Partner Hiring St. Louis, MO – February 26, 2019 – In partnership with ALM Legal Intelligence, Decipher has released “Risky Business:
When assessing a prospective lateral partner candidate, those in charge of hiring at a law firm tend to consider a few common factors—ongoing work and client relationships and whether the candidate’s
Decipher’s inaugural Global Lateral Hire Risk Mitigation Study examines how Am Law 200 firms identify, evaluate and address the risks associated with lateral partner hires.
LegalWeek Recruitment due diligence provider Decipher was awarded the supplier innovation for services title in recognition of its lateral hire investigations offering, which provides comprehensive background
Scott Flaherty, The Am Law Daily In less than a year, Big Law has seen at least three lateral hires go seriously—even criminally—awry. There was