Laterals Move in Slow Motion
Partners and firms are vetting one another more closely in the hiring process these days, many recruiters say. Despite the extra caution, lateral activity has remained high and will likely continue, thanks to opportunities created by new and recent entrants to the market and billing and strategic pressures. But for a partner who isn't holding a big book of business, moving may not be so easy -- and for associates it may be impossible -- as firms increasingly look only at the most productive partners.
