Coyness Now Could Spell Doom Later

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Law firms often spend significant sums on wooing lateral partners, but the reluctance to discuss whether the move would be a good cultural fit can lead to disastrous results post-hire, legal experts say.

Although laterals can generate enormous new business for a firm, their attrition rate suggests that many have no problem bolting soon after the wining and dining is over. According to the NALP Foundation's 2007 Update on Associate Attrition, 35 percent of departing lateral associates left within two years of joining the firm, while 59 percent left within three years of the date they were hired.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Pamela Woldow, Legal Leadership | Attorney Advertising

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