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Lateral Partner Recruiting Effective Use Of Search Professionals
Cravath, Swaine & Moore, one of New York's elite law firms, recently hired its first lateral partner in over 60 years. While an exception at Cravath, hiring lateral partners has become an indispensable strategy for law firms in achieving important business objectives and in thriving in hotly competitive markets.
Whether it is developing a national practice in mass tort litigation, opening up a branch office in Hong Kong or Beijing, or establishing a biotechnology patent practice, hiring lateral partners is a necessary means to reach those goals. All too often, though, firms fail to meet their lateral hiring objectives because of an inadequately designed hiring program. One critical feature of an effective hiring program at this level is partnering with experienced legal recruitment professionals. The two most important decisions facing a law firm in engaging a search professional are: 1) selecting the right search firm or firms; and 2) deciding whether to engage that search firm on a retained or contingent fee basis. The decision about retained versus contingent search may also influence the selection of a recruiting firm.
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New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
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Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
How AI Has Affected PR
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.