Red Flags on the Rise

In the second year dominated by COVID-19, one major pandemic trend holds true: Fewer lateral lawyers are changing firms, but those who are moving are riskier bets.   Indeed, before COVID-19, the “red flag rate” for candidates who received a full screening from Decipher was 34 percent. During the coronavirus crisis, that number jumped to […]

Your Next Lateral: Book of Business or Short Story?

Planning to recruit laterals in 2021? Consider this: 62 percent of laterals fail to bring their promised book of business. 73 percent of clients say they do not follow laterals to their new firms. The failure to transition (or manifest) a book of business is among the primary reasons less than 10 percent of lateral […]

San Francisco could be a bright spot in gloomy year for law firm laterals

Citing data collected and analyzed by Decipher, Thomson Reuters’ Westlaw News recently reported projections for lateral partner movement in major U.S. markets over the first three quarters. In its coverage the publication quoted CEO and founder Michael Ellenhorn on what the research suggests about the health of the legal market. To read the full article, […]

Responding to COVID-19

The COVID-19 outbreak has caused unparalleled challenges and disruption to businesses and organizations worldwide. As the World Health Organization reports, there are still many unknowns about the virus, including its timeline and its trajectory. At Decipher, we help law firm’s lower risk and empower better decision-making through actionable intelligence. During this time of uncertainty, we are committed […]

The American Lawyer’s Laterals Report Quotes Michael Ellenhorn

Promise and Peril The American Lawyer | February 2020 Michael Ellenhorn was quoted in an article, ‘Promise and Peril’ in The Laterals Report by The American Lawyer about guaranteed packages that law firms are offering lateral hires and what’s at stake for a firm when they offer these new partners major financial incentives. “When a lateral […]

6 Risk Factors That Leave BigLaw Open To Suits From Within

Law360 | February 7, 2020 With the list of BigLaw heavyweights that have been sued by their own attorneys growing precipitously in recent years, firms that want to avoid being caught up in similar legal battles should be ready to address problems before they lead to litigation, experts say. One area that can create legal […]

Michael Ellenhorn Quoted by American Lawyer About Partner Exits

December 17, 2019 | American Lawyer Michael Ellenhorn was quoted by American Lawyer in a December 17, 2019 article about Buckley’s insurance plan to cover partner exits from the law firm. Reporter Dan Packel wrote that in a legal marketplace marked by increasing mobility, in which partners command eight-digit books of business, there’s a certain logic […]

How To Hire Lateral Partners More Effectively

November 19, 2019 | Law360 In a November 19 article published by Law360, Michael Ellenhorn writes that the practice of hiring lateral partners has become vital to the growth of many leading law firms. In Altman Weil Inc.’s 2019 Law Firms in Transition Survey, 92.4% of firms surveyed said they planned to grow through lateral hiring. […]

6 Strategies for Attracting Top Talent in a Tough Market

May 2019 Though you know how important it is to hire the top talent in the legal field, the ultra-competitive job market makes it challenging. Unemployment is at 3.7 percent — the lowest rate in 50 years. While this is good news for workers, who have their choice of positions to pick from, it makes it […]

These Law Firms Keep Their Partnership Ranks Lean

Law360 May 13, 2019 Law360’s latest head count survey of the largest law firms in the U.S. reveals 19 firms that keep their partnership ranks exclusive, a tactical decision made with an eye toward boosting a firm’s competitive edge, and its profits. For firms in the ranking with at least 200 attorneys, the partner ranks by […]