Your Legal Career Needs a SWOT Analysis—Here’s How to Do ItÂ
The legal industry isn’t exactly known for sitting still. One day, you’re hearing about record BigLaw bonuses, the next it’s about layoffs and hiring freezes. If you’re a lawyer at any level, whether you’re a first-year associate or a seasoned partner, you’ve probably felt the whiplash of our ever-changing profession. Here’s the thing: hoping your […]
Balancing Parenthood and a Legal Career: How Top Law Firms Support Working Parents
The legal profession is known for its demanding hours and high expectations. Throw parenthood into the mix, and it can sometimes feel impossible to juggle both. However, the truth is that it’s entirely possible to be a successful lawyer and a dedicated parent. As one legal professional put it, “Being a parent doesn’t mean putting […]
AI-Powered Legal Recruitment: Revolutionize Your Law Firm with haistack.ai
Haistack – Law Firm, developed by Michael Heise, in partnership with Lateral Link, Haistack – Law Firm greatly simplifies and enhances the process of sourcing candidates for attorney roles. It also helps firms identify which of their current lawyers are likely to be in high demand in the lateral marketplace, enabling more targeted retention efforts. […]
Lateral Search Dos and Don’ts: Tips from Both Sides of the Lateral Coin
Moving firms is a laborious and time-consuming task. Without assistance, your search may sputter and stall. Legal recruiters were instrumental in my two lateral moves, each significantly boosting my compensation and firm prestige. Trying to make these moves independently proved fruitless, underlining the importance of a skilled recruiter. Choosing the Right Legal Recruiter As a […]
Maximizing Career Potential Through Pro Bono Work: A Lawyer’s Guide
In the fast-paced legal world, finding time for pro bono work can be challenging, but the benefits are well worth it. The need for pro bono services is great, and those who lend their expertise free of charge to serve the greater good often find the work rewarding and satisfying, both professionally and personally. In […]
Biglaw Compensation Trends: Milbank Pioneers with Associate Salary Increase
In a landscape of cautious optimism within Biglaw, Milbank has announced an increase in first-year associate salaries to $225,000, setting a new benchmark in legal compensation. This move reflects a confident outlook for 2024, despite the previous year’s volatility in client demand and transactional work. The adjustment, which represents a $10,000 increment, establishes a precedent […]
Maximizing Law Firm Profits: The Impact of Expert Legal Recruitment Strategies
Recognizing the pivotal role of legal recruiters is a game-changing strategy for law firms. No longer just an operational necessity, we at Lateral Link understand that our role as legal recruiters makes us profit-making catalysts. Our value in increasing productivity, lowering turnover, and elevating customer service underscores our critical role in boosting a law firm’s […]
Adapting to Market Shifts: U.S. Law Firms in Hong Kong Rethink COLA Strategy
At least three top-tier US law firms in Hong Kong are currently planning to phase out Cost Of Living Adjustment (COLA) allowances within the next two years, and others are discussing doing the same. The plan is to reduce the payment by 50% in 2024 and to zero by 2025. At least one firm has […]