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Processes, Challenges and Solutions In Lateral Partner Integration
As law firms strategize to enhance their lateral partner hiring processes, they face mounting challenges, particularly with lateral market trends forecasting record activity in Q4 — despite a 35% decline in 2023. With nearly half of lateral hires leaving within five years, retention has become more crucial than ever. As lateral moves and firm mergers increase, ensuring successful integration is key to securing long-term growth and stability.
How can law firms improve success with retaining lateral hires? A recent discussion of trends, obstacles and best practices for lateral integration featured Elizabeth Kennedy, principal with NewEdge BD; Erin Ryan, director of partner integration & business development coaching at McGuireWoods; and Megan Henry, lateral partner integration manager at Bradley, at the 2024 Legal Marketing Association Southeast Regional Conference.
Their tips and shared advice provided creative, practical and streamlined solutions to law firm marketers involved in the lateral integration process.
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Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?
Role and Responsibilities of Practice Group Leaders
Ideally, the objective of defining the role and responsibilities of Practice Group Leaders should be to establish just enough structure and accountability within their respective practice group to maximize the economic potential of the firm, while institutionalizing the principles of leadership and teamwork.