While hiring at Partner level is both expensive and risky and, as research suggests, increasingly difficult to get right, the vast majority of law firms aren’t in the position to significantly grow their client base and, therefore, their business without making lateral hires at Partner level.
Panel relationships, restrictive covenants and extended periods of gardening leave all contribute to making Partner moves a hazardous process.
Central Legal understands that, while many Partners may have a seemingly compelling business case, a lateral hire that is going to be seen as a success in five or ten years’ time requires synergy of practices, a shared ethos and a willingness from both parties to fully commit to each other.
It is essential, therefore, that all three parties, including the recruitment consultancy, enter the process with their eyes wide open and take extra time to conduct due diligence.