Empire Search Co-founder & Partner Scott Yaccarino provided Law.com with his perspective on the developing competition for legal talent in the Miami market. 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. Many top legal recruiters believe these newer Big Law outposts in Miami may have more to do with talent acquisition and partner retention than with market share. According to Scott, firms like Kirkland and Sidley aren’t synonymous with rate flexibility, so their success with Miami clients will depend on how well they can pitch their added value. “It will be interesting to see whether firms like Kirkland or Sidley have outposts here as a result of having partners spend more time in Miami,” Scott said. “Or is Kirkland seeing the tremendous growth and displacement in the Miami market where, similar to every other market they’ve entered, the idea is to come in and take as much market share as they can?” If it’s the former, then the have-nots of the Miami legal hiring wars will have to hope that factors like firm culture, attendance policies, lifestyle benefits, and more-attainable partnership tracks can stack up against higher compensation.
Check out the full article originally published on Law.com: In Miami’s Talent War, Poaching Season Looms Over Fla. Firms and Satellite Offices