Lateral hiring cools during pandemic

Another victim of the COVID-19 pandemic appears to be lateral hiring among law firms, which fell more than 30% overall during 2020 after reaching record levels in 2018 and 2019, according to a new report by the National Association of Law Placement.

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Laterals remain prized law firm commodity, but offices also tapping new attorneys

Six intellectual property attorneys walked out of one law firm, boarded the elevator in their downtown Indianapolis office building and pushed the button for a competing law firm on the 19th floor. Thus, Frost Brown Todd last month bolstered its Indianapolis IP practice group by luring the entire intellectual property team from SmithAmundsen’s Indiana office. The move underscored what law firms say is a competitive job market where experienced lawyers are the hottest commodity.

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