Big Law’s Splashy 2025 Hires Obscure a Slow Laterals Market

Jan. 23, 2025, 10:37 AM UTC

Welcome back to the Big Law Business column. I’m Roy Strom, and today we look at the strength of the lateral partner market. Sign up for Business & Practice, a free morning newsletter from Bloomberg Law.

High-profile lawyers are already making headline-grabbing moves between elite firms this year—so it’s puzzling that recruiters see 2025 hiring off to a slow start.

One possible culprit behind this mystery is law firms’ strong performance last year. With revenues and profits soaring, partners may be less interested in moving, since they don’t yet know what their equity shares will be.

“Lawyers are ...

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