Tag Archives: Washington D.C.

Lateral Link Announces 2024 Promotions

Lateral Link is pleased to announce the promotion of several outstanding members of our team this year. These professionals have exemplified unparalleled expertise in legal recruiting, demonstrated exceptional leadership skills, and contributed greatly to helping maintain Lateral Link’s collegial and collaborative culture.

Jon Kahn: Managing Principal, New York

Jon Kahn, one of the co-leaders of Lateral Link’s partner practice group, is now a Managing Principal in Lateral Link’s New York office. With over 25 years of legal industry experience, Jon brings a unique understanding of lateral hiring, having been a partner at major law firms in New York and founding his own executive legal search firm, JEK Partners. His background in capital markets transactions, high-yield offerings, IPOs, and M&A transactions enriches our team’s capabilities. Jon holds a J.D. from Georgetown University Law Center.

Amy Savage: Senior Principal, Washington, D.C.

Amy Savage, the leader of our Government Transitions Group, is promoted to Senior Principal in our Washington, D.C. office. A recognized expert on legal career issues, Amy has made significant contributions to the D.C. legal market over 15 years, particularly in placing associates and partners with top Am Law firms. Amy earned her J.D. cum laude from Georgetown University Law Center.

Lauren Smith: Senior Principal, Washington D.C.

Lauren Smith, now a Senior Principal in our Washington, D.C., office, specializes in partner and group placements nationwide. Her diverse legal experience as both an Am Law 100 law firm litigation associate and in-house counsel provides a broad perspective beneficial to her recruiting expertise. Lauren graduated with a double major from Cornell University and later obtained her J.D. from William & Mary.

Christine Berger: Senior Director, New Orleans

Christine Berger is promoted to Senior Director, focusing on attorney placements in Texas and Louisiana. Her in-house, law firm, human resources, and resume writing experience offer unique insights into the recruiting process. Based in New Orleans, Christine’s outstanding dedication and drive has played a pivotal role in our expansion in the region.

Lateral Link continues to uphold our commitment to excellence in legal recruiting. These promotions highlight our dedication to valuing leadership and expertise within our team. We pride ourselves on understanding the complexities of the legal market, ensuring tailored and strategic solutions for both our clients and candidates.

We invite talented individuals who share our vision of excellence and collaboration to consider joining our dynamic and forward-thinking team. For those seeking opportunities in a highly-regarded recruiting firm with access to unmatched resources, a collaborative and collegial culture, and above-market compensation, Lateral Link is the ideal destination.

DC Market Update: Strong Demand for Litigation, Transactional, and Regulatory Attorneys

After more than 200 years with New York as its only US office, Cravath announced in June that it will open in Washington, DC this fall. Given that Cravath has long resisted the Biglaw office expansion trend, its change in strategy is notable. Presiding Partner Faiza Saeed explained that the firm’s “clients face an increasingly complex and active regulatory environment.” Cravath’s move demonstrates an understanding that a strong DC presence is more valuable than ever — and not just for traditional regulatory counseling practices.

Cravath is not alone in reaching this conclusion. With increasing client demand in the face of an anticipated wave of enforcement actions, firms are recognizing the need to bolster their ranks in the nation’s capital, even if they aren’t new to the region. We at Lateral Link are working on numerous searches for firms opening or expanding their DC offices. Clients are acutely aware that DC is where the key regulatory decision-makers sit, and that local credibility in the unique DC market is essential.

The state of the lateral market

So what does this mean for the lateral market? In short, opportunity. We count more than 500 lateral moves in DC so far this year, and firms continue to hire at a strong pace. We have hundreds of openings for litigation, transactional, and regulatory attorneys.

Litigators are in the greatest demand, with thriving practices hiring at every level from associates to partners. Regulatory-related litigation groups — such as antitrust, white collar, and enforcement defense — are especially healthy. Firms are seeking talent in both the private and public sectors. Lateral candidates looking to switch firms are well-positioned, especially associates with two-to-five years’ experience and partners with at least $1 million in portable business. High-profile government officials are also coveted, as Cravath’s announcement illustrated: in tandem with the new office opening, Cravath hired three partners with high-level FDIC and SEC experience, including former FDIC Chairman Jelena McWilliams, former SEC Commissioner and Acting Chairman Elad Roisman, and former Associate Director of Enforcement for SEC Jennifer Leete.

On the corporate side, hiring has retreated somewhat from last year’s blistering pace, but opportunities still abound. Private equity, M&A, capital markets, and securities associates will have a plethora of options to consider, with two-to-five years’ experience again being the sweet spot. We are also filling a number of EC/VC and finance openings. For many candidates, DC might not immediately spring to mind as a top transactional hub, but this market has some real advantages for corporate associates. DC corporate teams tend to be smaller than in New York, and associates have the latitude to work across a wider variety of deals. Associates seeking a more generalist practice, plus expanded opportunities for client contact at an early stage, might want to consider a move to DC.

Naturally, much of the regulatory-related work in DC is tied to litigation and investigations. However, we also have active searches with many of the more traditional regulatory counseling practices. Banking, healthcare, energy, environment, and healthcare practices among others are seeking new talent at both junior and senior levels.

Is recession a concern?

Whether and when the economy might enter a recession is a matter of intense debate, and I’m not here to make macroeconomic predictions. But it’s worth addressing the recession scenario, as it will certainly be on some candidates’ minds. First, DC offices have continued to hire in the face of growing recession talk — if there is going to be a recession-induced hiring slowdown, it hasn’t happened yet. Second, DC law firms historically have been relatively resilient in recession periods.

Because the federal government continues, recession or not, government-related legal work continues. DC firms tend to have relatively diversified practices, which is also helpful: litigation, regulatory, and corporate practices each comprise material revenue streams for the larger DC firms. Few DC offices are excessively dependent on transactional work, the area that often takes the biggest hit in a recession. Historically, DC firms tend to be better positioned to weather economic storms than many of their peers in other markets.

A remarkable range of opportunities

The appeal of DC for a practice like antitrust needs no explanation. But it’s important to realize that the vibrant legal market here encompasses a remarkably broad range of practice areas, even some that are not tightly connected to the federal government. What is particularly striking about the current moment is that firms are hiring in virtually every practice area. At Lateral Link, we have worked with many attorneys to leverage the strong market demand to achieve their goals, whether that entails ascending the ladder to a more highly regarded firm, increasing their compensation, or both. If you are based in DC (or are open to moving here) and you are interested in taking your practice to the next level, please contact me to learn more.