Considerations For Associates As Lateral Hiring Cools Down

By Leeron Molloy (August 10, 2022, 5:22 PM EDT) — The legal hiring market in the past few years has been a roller coaster for law firm associates — a one-of-a-kind ride involving lots of twists and turns.

2020 was a year of shutdowns, remote work, layoffs and hiring freezes. The world seemingly went into hibernation mode, and the legal industry was no different.

2021 was the polar opposite — one of the most active lateral hiring years. To attract talent, firms made ultracompetitive offers, including six-figure signing bonuses, guaranteed year-end bonuses, same-day offers and other accommodations we haven’t seen before. To retain talent, firms matched these terms in the form…

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