""The lateral partner market has gotten more and more active, and we always felt it was a matter of time before it reached the very elite tier of firms. The gloves are off and virtually no one is untouchable anymore. People should get used to seeing that at firms that historically lost very few partners.""
""Cravath doesn't really support stars in the same way that other law firms might," New York legal recruiter Alisa Levin said, "and it's an opportunity to shine bright elsewhere.""
The lateral partner market has intensified, extending recruiting activity into top-tier law firms and driving partner departures at historically stable firms such as Cravath. Increased movement among senior attorneys reflects growing competition and a willingness of seasoned partners to seek platforms that better showcase and reward their work. Some firms provide less institutional support for star partners, creating incentives for those partners to move. The trend toward greater senior-level mobility is reshaping retention strategies, compensation structures, and expectations about talent permanence within major law firms.
Read at Above the Law
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