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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Boom or bust? As firm profits soar, some bracing for recession

The question of another economic recession in the United States is not if it will happen, but when. Roughly a decade since the end of the Great Recession, most economists predict the U.S. economy will take another dip some time in 2020. Businesses, including law firms, are starting to prepare.

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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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Ex-partners, Krieg DeVault settle compensation lawsuit

Three former Krieg DeVault LLP partners who sued the firm alleging they were denied compensation when they moved to new firms — and then faced a countersuit from their former employer — have confidentially settled the litigation, court records show.

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Departing Pence Hensel partners become highly prized lateral hires

The friendship attorneys Linda Pence and David Hensel started in 1990 continues, but the high-profile criminal-defense firm they began in 2010 has closed, sending the founding partners to growing firms in Indianapolis where they will each start practice groups for white-collar crime.

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Lateral hiring up

The pace of attorneys jumping from one firm to another is expected to continue this year.

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