NALSC: the National Association of Legal Search Consultants’ Post

Are in-house lawyers heading for the exits? A recently released report predicted "a wave of attrition" will hit legal departments in 2025 due to increasing workloads and murky career-advancement opportunities. To learn more about the problems facing in-house legal departments and possible solutions, see: https://buff.ly/3Zsy3oe Recruiters, what are you hearing from your candidates? Is the prospect of an in-house move losing its appeal? #nalsc #legalrecruiting #lawjobs #legaljobs #inhouse

Law firms want their partners to think and act like owners, but how can they when they don’t understand the business? The leadership of many firms are coming to realize the need to educate their partners on the business of law and give them the financial background necessary to actually act like owners. On the other hand, many firms are becoming increasingly less transparent when it comes to the mechanics of partner compensation decisions. For a discussion of this tension and how some firms are handling it, read: https://buff.ly/3D3vMsc Recruiters, do you think that, if law firm partners really understand the economics of the business, they would be in a better position to evaluate the health of a firm before making a career move? Do you help them with this aspect of their career transitions, as well? #nalsc #legalrecruiting #lawjobs #legaljobs #partnerrecruiting

In-house legal teams are facing unprecedented challenges. The demand for efficiency, value, and rapid adaptation is higher than ever. Business as usual is no longer sufficient. To thrive, we must evolve. Let's redefine our roles, embrace innovation, and build a future where in-house counsel is a strategic business player. #LegalInnovation #InHouseCounsel #FutureOfLaw

Despite the quiet shift, guaranteed compensation for lateral hires is seeing a resurgence recently for many law firms facing a competitive hiring landscape. While guarantees have long been a tool in Big Law's arsenal for attracting top talent, they fell out of favor for a while after some high-profile controversies. However, as those memories fade, more firms are returning to multi-year guarantee offers as a way to lure star partners. As we help legal professionals navigate these evolving dynamics, it's essential to weigh the risks and benefits—on both sides of the table. This article offers insight into what this trend means for firms and candidates alike. #LawFirmStrategy #PartnerCompensation #LateralHires #LawFirmCulture #LegalRecruitment #LawFirmTrends

Lateral partner hiring at Am Law 50 and Magic Circle firms reached a three-year high in 2024, with 557 moves in major markets like New York, London, and The District. Practice areas driving this surge include finance and corporate, via private credit and lending growth. London led with 182 moves, due to its regulatory complexity and market demand, obviously. Meanwhile, the Bay Area lagged due to a tech downturn, though corporate hiring remained, let's say, decent. What do you think these trends say, if anything, about what's to come for the legal industry as a whole in 2025? #LegalHiring #LateralMoves #CorporateLaw

The transaction "Riverwood Capital invests USD 41 million in HR platform One Model" has been evaluated and awarded LegalOne Merits to Partner, Louis Lehot of Foley & Lardner LLP. Involved parties include Riverwood Capital and One Model. For more details about this transaction, please go to https://lnkd.in/gX_HggZv. All deals/cases are evaluated based on a series of methods in combination with machine learning technologies to deliver a groundbreaking index. They are linked to the law firm and lawyer profiles. For a full list of deals and cases by Foley & Lardner LLP and the lawyers involved, see their profiles at https://lnkd.in/gGnqjAdM. LegalOne’s uniqueness provides irreplaceable intelligence in the market. For all deal-related questions, please contact us at editorial@legaloneglobal.com. #LegalOne #LegalOneMerits #legal #lawyer #lawyers #lawfirm #lawfirms #GeneralCounsel #inhousecounsel #legalprofession #corporateexecutive #UnitedStates

Ken here. This is the #1 mistake I see law firms making when hiring team members -- and it may surprise you! 👀 🤯 P.S. Ready to transform your hiring practices so that you can attract, hire, and retain more A+ team players? We've got a virtual event for you! Visit https://buff.ly/4dBtZaT to learn more! #pilmma #lawfirmcoaching #legalmanagement

The overall uptick in first-year hiring in 2024 in the Am Law 50 contrasts with a 2% decrease in offers given to summer 2023 2Ls, according to data from the National Association for Law Placement, which surveyed more than 500 law firm offices. However, firms were able to be just as picky due to the class of 2024 being 12% larger than the class of 2023, per NALP. Meanwhile, law firms made 19% fewer offers for 2024 2L summer associate programs, a possible predictor of smaller class sizes in 2025. "At the very least, firms across the industry appear to be projecting excess capacity in the near term—or at least a decreased need for new talent—resulting in one of the softest recruiting cycles since the Great Recession," NALP executive director Nikia Gray told The American Lawyer in March.

Ken here. This is the #1 mistake I see law firms making when hiring team members -- and it may surprise you! 👀 🤯 P.S. Ready to transform your hiring practices so that you can attract, hire, and retain more A+ team players? We've got a virtual event for you! Visit https://buff.ly/4dBtZaT to learn more! #pilmma #lawfirmcoaching #legalmanagement

A couple of weeks back I presented a data dive into the state of the Bay Area legal market to the Bay Area Legal Recruitment Association in San Francisco 🌉 We uncovered some cool insights on the Partner population and the different growth strategies that firms have deployed there. Lateral Partner hiring has seen a slow growth, while Partner promotions have gone up significantly! Check out our latest article to dig into the numbers and see how the fastest growing firms got there. Link in comments #AMLaw #BigLaw #LegalHiring