Basic Rules Regarding Recruitment and Compensation of Lateral Partners | \n

Need Help? Call 800-298-6440

Employer Resources

Basic Rules Regarding Recruitment and Compensation of Lateral Partners

Few areas have more potential for internal criticism and strife than determining the appropriate compensation level for lateral partners. And even large firms that recruit tremendous numbers of lateral partners can have a hard time figuring out how to attract and compensate these new owners. The difficulties in compensating lateral partners vary depending on the compensation system employed at each firm, so the tried-and-true tactics outlined below should be helpful to law firm leaders who need ideas for recruiting and compensating lateral partners:
Related Articles

Pay to Win—How to Make Your Law Firm's Compensation System an Asset

Nothing can create more tension and controversy in a law firm than partner compensation. At their best, compensation systems leave some partners feeling short-changed. At their worst, they misallocate...

Texas Lawyer Planning Midwest Move Seeks Info on Rules Regarding Being Waived In

Question: I am currently practicing law in Texas, and while I like aspects of my current job, my wife and I have decided to move to the Midwest, where we both grew up and have family support. I hav...

What is the Best Partner Compensation System?

Good compensation systems are a management tool that promotes firm stability and puts the emphasis on merit and performance. Which one is best for partners?...

Enhance Your Lateral Hiring: Delegate to Your Search Firm!

Law firm recruiting managers are called upon daily to handle a myriad of responsibilities for their firms, including coordinating fall recruiting programs at law schools, planning and managing summer-...

A History of Legal Market Conditions and Attorney Lateral Hiring

You're sitting in your office on a quiet random Tuesday afternoon when you receive a call from a partner in the Corporate Department. She says that they need two lateral associates - 'as soon as possi...

Broken Promises in Lateral Hiring

Lateral movement between major firms is an accepted fact of life in today's legal profession. This has been well documented by the National Association for Law Placement....

Compensation for Partners is Never an Easy Thing

For many law firms the past decade has brought remarkable growth. Firms added more lawyers to their ranks. And brisk business kept these lawyers busy making money. This trend was a reflection of impro...

What is Retained Attorney Search? Top 13 Questions and Answers About Retained Attorney Search and Legal Recruitment for Law Firms

What is Retained Attorney Search? Why Do Law Firms Use Retained Attorney Search? What Are The Benefits of Retained Legal Search? What Are The Potential Disadvantages/Risks of Re...

A Short Checklist and Questionnaire for Lateral Partner Recruitment

Going in for a lateral partner recruitment involves looking into a lot of details and making sure that all the mundane but necessary details are taken care of. Here is a short checklist and a question...

IP Lawyers Must Learn to Adapt to New Rules

Prior to the Roberts' Court, it was a rare occurrence for the Supreme Court to hear a case involving intellectual property issues. In the last few years, however, the percentage of intellectual proper...



Click here to read about the benefits of being part of the BCG Attorney Search Family

Search Jobs


Minimum Years of Experience:

Primary Area of Practice:

Firm Type:


 Partner Level Job(s):

Search Now