The Top-30 AmLaw 100 Firms for Making Partner

Associates have long lamented the lack of promotion opportunities in Biglaw. For those associates at the top firms in the nation, where usually fewer than 10%—and sometimes as few as 3%—of attorneys in a class year get promoted to partner, the lament is justified.

Yet, promotion rates actually vary widely across AmLaw 100 firms. Around half of AmLaw 100 firms promote more than 25% of their associates to partner and some promote more than 50% of their associates­­ to partner.

Read More

The Best and Worst Practice Areas for Associates Looking to Lateral in 2018

Depending on the type of law they practice, BigLaw associates will face significantly different levels of demand for their services.

Firms almost always hire laterals to fill specific gaps in their capabilities and those gaps occur far more often in certain practice areas than others. Associate with the most in-demand practices will find plentiful opportunities and perhaps have a handful of offers to choose from. Those without in-demand practices will face competition from legions of associates all competing for the same few jobs.

Read More

The 10 Law Firms That Hired The Most Lateral Associates in 2018

2018 marked another banner year in lateral hiring. Even with December moves still to be counted, 2018 lateral hiring was already 9% higher than last year, with 3,877 law-firm-to-law-firm moves among the 155 top firms we track in major markets (vs. 3,542 moves last year). 

Over the coming weeks, in our review 2018 hiring trends, we’ll be looking at the hottest practice areas and locations for associate laterals last year. Today, we're looking at the firms that were most active in associate lateral hiring: 

Read More

The Top 10 Firms for Going In-House

Landing the best in-house jobs often takes a strong network, great credentials, and record of success with clients. You further increase your chances of landing a great in-house role by choosing the right practice area, the right city, and of course, the right firm. The right firm provides associates with experiences and connections that help them land jobs at and succeed at companies.

So which are the best firms for going in-house (at least quantitatively speaking)? 

Read More

The State of Chicago’s Lateral Market for Big Law Associates

Chicago, with just over 3,000 big law associates, is the 4th largest legal market in the United States, behind New York, Washington, DC and the Bay Area, and the 5th largest lateral market for associates (behind Los Angeles). The Second City is also home to some of the fastest-growing firms in the country–Kirkland & Ellis, Sidley Austin, and Winston & Strawn among them–and hiring has increased steadily every year for the past five years.

So what is the state of the market in Chicago? What's unique about this market and what does our data say about their career prospects? Let's start with some interesting insights from our data.

Read More

The New York lateral market in 2018: what the data tells us

The New York lateral market, with its 13,000 Big Law associates and 1,200 hires each year, is the nation’s most challenging to navigate. Often, the only information available to candidates making a move are stories from friends and tales from headhunters pushing an agenda. Our mission at Laterally is to bring transparency to the recruiting process with objective data. Based on that data, here is what every associate should know about the New York lateral market:

The lateral market may have plateaued – but there are no signs of a downturn

For the last several years, the New York lateral market has chugged along with barely a blip. Hiring in other markets rose and fell, but hiring by major firms in New York barely fluctuated. In 2017, 155 major firms hired 1269 experienced associates, after hiring 1249 associates in 2016 and 1237 associates in 2015. It’s fair to say the market has plateaued.

Read More

26 Big Law Firms Where Associates Stick Around Longer than their Peers

Big Law associate careers tend to be brutally short. Consider the outcomes of associates who joined 155 major law firms since 2010:*

  • 44% left their firms before their 3rd year mark
  • 67% left their firms before their 5th year mark
  • 78% left their firms before their 7th year mark

Amidst the migration, associates at certain firms stuck around a lot longer than their peers. We took a look at these firms using data from Move Tracker.

Read More

The 15 Hottest (and Coldest) Markets for Associates in 2017

Last week, we showed that the associate lateral market could look extremely hot or extremely cold depending on your practice. The same goes for cities.

Although overall demand for lateral hiring dipped in the US this year, the lateral market looked very different depending on what city you were in. In some cities, you were more than twice as likely to get hired as a lateral than others. 

To measure which cities were hottest and coldest in 2017, we looked at which cities had the most lateral associate hires relative to the number of practicing associates. Our data, from our Move Tracker, covers 156 major firms in 15 cities nationwide. Here are the results:

Read More

The Best and Worst Practice Areas for Associates Looking to Lateral in 2017

Associates approaching the lateral market will find widely divergent demand for their services depending on the type of law they practice. 

Firms almost always hire lateral associates and counsel to fill specific gaps in their capabilities, and this happens in some practice areas far more often than others. 

Ranked below are the practice areas with the highest percentage of associates and counsel who made lateral moves in 2017.*

Read More

Top-5: Law firms with the lowest attrition rates in 2017, nationwide and by city

Some large law firms manage to retain associates at a significantly higher rate than others. Below, using data from Laterally's Move Tracker, we compiled a list of law firm offices with the lowest attrition rates in 2017 and compared it to offices with the highest attrition rates this year.

Congrats to all the firms that hung on to their associates in 2017!

Read More

Want to go in-house? These practices gave associates the best shot in 2017.

80% of associates on Laterally are interested in in-house jobs, but only 24% of associates who leave their firm will go in-house, according to Laterally's data on in-house moves since 2010. In 2017, the competition has been even more intense, with the number of in-house hires from big law on pace to decline this year by 200-300, from 1340 in 2016.*

For young lawyers and law students planning their careers, it is important to note the primary factor in your likelihood of landing an in-house job as an associate: your practice area.

Ranked below are the practice areas that have seen the highest percentage of big law associates leave their firms to go in-house in 2017.†

Read More

How We're Bringing Transparency to Legal Careers: Announcing Move Tracker

When we set out to build Laterally several years ago, I was struck by how little information was available to law firm associates about future career opportunities.  It was only when looking to leave their firm that an associate might talk to a headhunter about career options -- and receive advice based largely on anecdotes and personal observation, but rarely on objective data. We committed then to use technology to bring data and transparency to legal hiring. Today, I'm excited to announce the launch of an important new product in service of this goal: Move Tracker.

    Read More

    2017 M&A Associate Outlook and Year in Review

    The M&A lateral market saw significant declines this year, after a banner year in 2015. Driving the strong demand for M&A associates in 2015 was a booming M&A market in the United States, as well as a shortage of mid-level associates – a result of firms hiring smaller class sizes during the recession. But in 2016, M&A activity slowed and the shortage of mid-level associates eased as more recent M&A classes came of age.

    Despite this decline, mid-level M&A associates remained some of the most in-demand attorneys in the country in 2016.  And we expect the same to be true in 2017.  In our 2017 M&A outlook, below, we go inside the data on both the demand side (jobs) and the supply side (lawyers) to explain the reasons for our optimism.

    Read More