Law firms across the country are now more than ever focused on strategic planning for growth and expansion in a legal marketplace that places high value on sophisticated talent and timely delivery of legal services. With the increased surge toward growth and expansion both domestically and globally among the top international and national law firms, partners with significant levels of expertise and business are in high demand. Irrespective of the size of their books, their practice areas, or other factors which may play a part in transitioning to another law firm, most partners have a number of factors influencing them to leave their current firms and affecting their ability to transition their business to a new law firm. Partners who are cognizant of and prepare for the factors that might affect their abilities to transition their business will be better positioned to move their books when the right opportunities present themselves. Some of the issues facing partners transitioning to new law firms are discussed in more detail below.
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