Retirement Succession Can Hedge Against Lateral Partner Acquisition Risks

While growing by acquiring lateral partners and practice groups can be lucrative, it carries many risks. Lateral candidates' projections of the revenue they will bring to a new firm can prove inaccurate, or a particular candidate may simply be a bad fit culturally.

12 minute read April 01, 2024 at 12:11 AM
By
David Wood
Retirement Succession Can Hedge Against Lateral Partner Acquisition Risks

Increasingly, law firms rely upon acquiring lateral partners and practice groups to grow revenue more quickly than they can by increasing output with existing talent.

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