Senior lawyers are leaving top law firms for better leadership roles at rivals, driven by limited growth opportunities. This trend is reshaping the legal industry, with firms focusing on cultural alignment and strategic hiring to expand in high-demand areas. The movement is expected to persist as firms adjust leadership and succession plans. However, firms are careful while choosing partners from rivals. “For us, cultural alignment is probably the most important consideration when hiring lateral partners and their teams,” said Vivek Chandy, Joint Managing Partner at JSA Advocates. “As a result, only about one in four such discussions ultimately translates into onboarding.” Read more
This story also appeared online and on Newspoint by TOI
