Law Firms Aggressively Expand Market Presence Through Strategic Group Lateral Hiring Initiatives
Many law firms across the United States have been strategically increasing their market share by recruiting groups of lawyers from competing firms. This trend of group lateral hires has become a notable method for augmenting legal expertise and expanding client services while intensifying competition among top law practices. The movement is seen as an aggressive tactic in the battle for legal supremacy. When a group of lawyers moves en masse to a new firm, it not only boosts the acquiring firm’s capabilities in specific areas of law but also significantly disrupts the competitive balance within … Read more