“High-quality legal recruiters are capable of providing tremendous value in ways that many attorneys don’t appreciate until they’ve been through a job search with such a recruiter.”

“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.”

“Law firms are willing to take advantage of the less busy time to fill long-term needs that have been challenging to fill in recent years, such as capital markets or M&A, even if those lateral partners are not as profitable in the first year.”

“In today’s legal market, crossing the bridge from an in-house role back into a top law firm is becoming much more common (and lucrative!).”

“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.”