Wake Up Call: Associate Hires Plunge, Partner Hires Rise in 2022

Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

• The lateral hiring market shrank 11.5% in 2022 after soaring 111% the previous year, according to new data from the National Association for Law Placement. Associate hires plunged nearly 20% but hires of partners rose 5.5% and “other lawyers” by 9.5%. Hiring data varied across firm sizes, regions, and cities, NALP said. For example, in firms with 250 or fewer lawyers, lateral hiring was up 24% overall powered by a 56.0% increase in partner laterals. (NALP)
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