Firms used this as a way to lure those senior associates away from one firm to another. They needed bodies. The only way they could get people to jump ship was to offer partnership on day one.
— Adam Oliver, CEO and co-founder of Firm Prospects, commenting during an interview with Law360 on Biglaw firms that have offered counsel or partner titles to associates as leverage during the lateral hiring process.
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 Twitter or connect with her on LinkedIn.