Ed.
note:
Welcome
to
our
daily
feature,
Quote
of
the
Day.
Historically,
lateral
partner
recruiting
was
a
fragmented
process,
often
handled
informally
by
an
assistant
to
the
managing
partner.
Today,
it
has
transformed
into
a
distinct
professional
function,
sometimes
involving
entire
teams
dedicated
to
identifying
and
securing
top
talent.
—
An
excerpt
from
a
report
by
Leopard
Solutions,
detailing
the
lengths
Biglaw
firms
are
willing
to
go
to
in
order
to
attract
and
retain
top
lateral
partner
talent.
Leopard
further
notes
that
“[f]irms
now
seek
not
just
logistical
support
but
also
strategic
contributors
who
can
analyze
market
trends,
identify
key
candidates,
and
integrate
them
effectively
into
the
firm’s
culture
and
operations.”
According
to
the
report,
Biglaw
firms
expect
lateral
partner
hiring
to
significantly
drive
their
growth
this
year,
and
on
average,
these
firms
are
budgeting
more
than
$4
million
to
hire
lateral
partners.
Staci
Zaretsky is
a
senior
editor
at
Above
the
Law,
where
she’s
worked
since
2011.
She’d
love
to
hear
from
you,
so
please
feel
free
to
email
her
with
any
tips,
questions,
comments,
or
critiques.
You
can
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her
on Bluesky, X/Twitter,
and Threads, or
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with
her
on LinkedIn.