“At one end of the spectrum is what we saw last year and in 2021, where demand far outweighed supply. At the other end of the spectrum, which is what happened in 2007 when the subprime fiasco took the economy down, there was little to no lateral associate market at the time.”
“The minute attorneys are off the associate scale, that’s where there’s a lot more variance of how law firms compensate their counsel. I could see this really leading to an increase in counsel salary compensation.”
“I have never seen a law firm practice area offer more opportunity in terms of subject matter diversity, career trajectory, and economics as compared to its in-house counterpart.”
“Most Big Law firms are still jumping at the chance to hire premier transactional legal talent despite any drop in deal volume.”
“Miami’s legal hiring market has been heating up recently, especially after the recent hiring sprees by Big Law firms such as Kirkland & Ellis, Sidley Austin, and Winston & Strawn.”
“There is a bigger, broader role that Big Law firms play in connecting clients and serving as an intermediary when it comes to aspects of the business that are not a function of billable work.”
“If you are a law firm partner with a portable practice, there is simply too much at stake, professionally and economically, to entrust your career to an unqualified legal recruiter.”
“You should settle for nothing less than a long-term, trusting relationship with your legal recruiter, one which is founded on the value delivered by the recruiter over the course of your legal career.”
“Every time law firm compensation goes up, it recalibrates the decision that associates need to make.”
“There are other states where if a firm is going to open an office, they’re adding a big expense at the business level. That may not be the case in South Florida.”