Ed. note: Welcome to our daily feature, Quote of the Day.
Growth through laterals and even groups, net of retirements and other departures, is slow and expensive and error-prone. When we ask firms to candidly give us a sense of what percent of the time laterals are successful, the candid answer is between one in two or one in three.
— Kent Zimmermann, a law firm advisor with the Zeughauser Group, in comments given to Law.com, on the overall riskiness involved in lateral hiring as a law firm growth strategy.
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.
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