At this fall’s Decipher Talent Economics Roundtable, hosted by Baker McKenzie in Chicago, we showcased the critical role operations teams play in driving law firm profitability. While investment in human capital (lateral hiring)…
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/ Law Firm Marketing, Law Practice Products & Services, Mergers & Acquisitions
For the law firms that made headlines in 2024 by opening new offices, 2025 brings a new directive: filling these locations with profitable rainmakers. If you’re among the law firm leaders scouting talent in a new or growing…
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/ Labor & Employment Law, Law Firm Marketing, Law Practice Products & Services
If you plan to bolster your lawyer ranks with lateral associates in 2025, there are two critical steps for ensuring success. Law firms must understand the risks inherent in lateral associate hiring, then create a due diligence…
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/ Labor & Employment Law, Law Firm Marketing, Law Practice Products & Services
If the statistics about high failure rates of lateral partners don’t persuade you, consider another barometer: the stress levels of professional liability insurers. Indeed, lateral hiring tops the list of issues that…
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/ Labor & Employment Law, Law Firm Marketing, Law Practice Products & Services, Professional Malpractice
Attracting and retaining talent is the No. 1 issue for practice group leaders, according to a Withum survey of law firm leaders. And sadly, in the same survey, just 36 percent of respondents described their practice group…
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/ Labor & Employment Law, Law Firm Marketing, Law Practice Products & Services
About half of lateral partner moves involve a search firm, according to the 2023 Lateral Partner Satisfaction Survey. Engaging a recruiter isn’t just commonplace, it’s often critical, as search firms have access to networks (and…
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/ Labor & Employment Law, Law Practice Products & Services
Nearly 20 percent of lateral partner candidates neglect to provide a comprehensive list of their clients to their prospective firms, according to Decipher Investigative Intelligence research. This means that law firms that rely…
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/ Business Organizations, Law Firm Marketing, Law Practice Products & Services
The lateral partner questionnaire (LPQ) should not be a mere formality – instead, it should be considered your first line of defense in lateral partner hiring…
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/ Labor & Employment Law, Law Practice Products & Services
The fourth quarter presents law firm leaders with a critical period for addressing strategic planning, financial management, and compensation adjustments. However, firms that extend their focus beyond immediate financial…
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/ Labor & Employment Law, Law Firm Marketing
The average turnover for AmLaw 200 firms is 26.3 percent, according to analysis by Decipher Investigative Intelligence – so simply put, for every four lawyers at your firm, one will swap out every year. “Turnover” can be a…
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/ Labor & Employment Law, Law Firm Marketing
We admit it: Sometimes it’s tempting to lead with the negative information from pre-hire investigations. Bullying behavior, inflammatory social media posts, fabricated client relationships – these (very real) examples raise…
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/ Business Organizations, Labor & Employment Law, Law Firm Marketing, Law Practice Products & Services
In a year of nonstop buzz about AI and data, it’s no surprise that law firms report a record use of analytics. Indeed, in a survey by Lex Machina, 68 percent of legal professionals said they were using legal analytics, up from…
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/ Business Organizations, Labor & Employment Law, Law Practice Products & Services, Science, Computers, & Technology
In law firm lateral recruitment, one question dominates both risk management and ROI: How portable is a candidate’s book of business? While every lateral candidate—just like every matter, client and firm—is different, analyzing…
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/ Law Firm Marketing, Law Practice Products & Services
A majority of attorneys and law firm leaders say business development is set to get tougher, according to a survey by BTI Consulting. Yet many of these firms are making it harder on themselves: The Legal Marketing Association…
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/ Business Organizations, Labor & Employment Law, Law Firm Marketing, Law Practice Products & Services
Timing is everything, as the saying goes — and it certainly holds true when it comes to assessing the risk of lateral partner candidates. Indeed, Decipher Investigative Intelligence analysis reveals a significant trend:…
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/ Labor & Employment Law, Law Practice Products & Services, Science, Computers, & Technology
