Lateral hiring by firms declined 35% in 2023 following a decrease of 11.5% the prior year.
The median number of lawyers hired was 4.0 in 2023, and the average was 9.3 per office or firm, the lowest numbers since 2010.
Lateral hiring is down more for associates than partners. Associate lateral hiring decreased nearly 43% in 2023.
Partner lateral hiring only decreased 10% in 2023 after a slight increase of 5.5% in 2022.
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