👀 Read our exclusive analysis on General Counsel compensation in Fortune 500 Companies: 'New numbers reveal the average base salary for General Counsels at Fortune 500 companies to be $583,250.' Visit our website to read the full article and gain a comprehensive understanding of executive pay, including key trends, gender disparities, and regional differences. https://lnkd.in/gX9Bw7m7 #LateralLink #GeneralCounsel #Fortune500 #LegalInsights
Lateral Link
Law Practice
Los Angeles, California 45,671 followers
Our best-in-class team of legal recruiters specializes in law firm, in-house, and staffing placements.
About us
Our team of legal recruitment specialists excels in providing placement services for law firms, in-house legal departments, and staffing needs. With a presence in more than a dozen cities across the United States, Canada, Europe, and Asia, our highly experienced team of former practicing attorneys is committed to identifying the most qualified legal talent for our clients, ranging from major international law firms to Fortune 100 companies. With a track record of tens of thousands of successful legal placements over the past fifteen years, we have established ourselves as a trusted and proven provider of legal recruitment solutions in the industry.
- Website
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http://www.LateralLink.com
External link for Lateral Link
- Industry
- Law Practice
- Company size
- 51-200 employees
- Headquarters
- Los Angeles, California
- Type
- Privately Held
- Founded
- 2006
- Specialties
- Lateral Listings, Law Firm Placement, Legal Recruiting, In-House Placement, Interim Placement, Staffing, Biglaw, Recruiting, and Law
Locations
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Primary
Get directions
940 E 2nd St
2
Los Angeles, California 90012, US
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Employees at Lateral Link
Updates
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Are you an experienced litigator with a passion for Prop 65 cases? Senior Principal Lauren Smith is partnering with a prestigious firm of former Big Law attorneys to find a talented Associate with 4+ years of substantive litigation experience. Interested? Reach out directly to [email protected] to explore this exceptional opportunity! #LateralLink #LegalRecruiting #BigLaw #Litigation #LosAngeles #hiring
Senior Principal | Legal Recruiter | Partner Practice Group | Lateral Link | Former Big Law Litigator
I am working with a prestigious litigation boutique in Los Angeles made up of former Big Law attorneys. The firm is looking to bring on an Associate with 4+ years of substantive litigation experience specifically in the area of Prop 65. The ideal candidate will be able to routinely handle court appearances and a large volume of matters that includes frequent independent interactions with opposing counsel. This is a unique opportunity to work on a large book of business representing one of the firm's largest clients. The attorneys at this firm represent a wide range of public and private companies. The culture is relatively easy-going with a billable hours target of 1800 – a number that nobody exceeds. Most of the firm’s attorneys have been with the firm their entire career. The firm offers life-changing mentorship and the chance to set your career on a fast-track. If you are interested, please reach out to me directly: [email protected].
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Insightful perspective, Evan Jowers! For those interested in the current state and future of Big Law in Greater China, don't miss Evan Jowers' feature in this Bloomberg Law article by Meghan Tribe. His analysis sheds light on the reasons behind recent office closures and offers a balanced view on the industry's long-term prospects. Be sure to read what Evan had to say!
Here is a Bloomberg Law article, nicely written by Meghan Tribe, that I was quoted in from a few days ago. I do think that the mostly very small office closures recently in Greater China are being overemphasized a bit when predicting the industry's long-term future in the region. It's certainly a time of transition for Big Law in Greater China, and there will be at least a few years more of continued rocky seas ahead most likely. However, most of the mainland China office closures nowadays were actually on the brink of closing for many years prior, even during the boom times, for various reasons. The most common reason is not enough productive partners permanently based in Beijing or Shanghai to keep the office viable, even at firms that have a number of strong China practice partners based in Hong Kong. This problem has been exacerbated by some China based partners relocating during Covid lockdowns and subsequently not returning. On another note, a few firms are pulling out of Greater China all together, but such departures have been happening every now and then for 20 years, and it's not much different now. It's been a very difficult few years in Big Law in Greater China and more turbulent times are ahead, but there will eventually be a rebound and most well established US and UK law firms in Greater China will remain invested in the region for the long-term, even if they may have recently closed a small office run by one or two partners who had pretty much relocated already. Just my thoughts.... Lateral Link #asia #biglaw #china #hongkong #officeclosures
Dechert to Shutter Chicago, Beijing, and Hong Kong Offices (1)
news.bloomberglaw.com
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🔍 Exploring the complexities of partner transitions in law firms: Our latest article examines the evolving landscape where approximately 16.7% of Am Law 200 partners face the challenge of transitioning as they near or surpass retirement age. From debates on ageism to evolving workforce dynamics and the impact of lateral movement, we explore how firms are adapting their retirement policies and succession planning strategies. Key insights include: - The increasing number of lawyers working beyond 65, contrasts with broader workforce trends. - Challenges and strategies in smoothly transitioning leadership roles. - Case studies from firms like Greenberg Traurig and Winston & Strawn on flexible retirement policies and effective succession planning. Read more about navigating these critical transitions and industry best practices here: https://lnkd.in/g3-bqd4D #LateralLink #LegalIndustry #PartnerTransition #SuccessionPlanning #AmLaw200 #LawFirms
Navigating Partner Transitions: The Impact of Mandatory Retirement in Law Firms - Lateral Link
https://laterallink.com
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Wishing you a joyous and patriotic Independence Day from all of us at Lateral Link! As we commemorate this historic day, we invite you to participate in our poll to discover what your career "fireworks" moment is. Happy 4th of July!
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The Am Law vetting process for lateral partners is 25% longer than before. Law firms are delving into the prospective lateral partners' portable book of business and clients and requiring them to meet more law firm partners during the interview process. At Lateral Link, we have been monitoring these changes and have spent much time working closely with our Am Law clients to understand their strategic lateral partner needs and the unique opportunity for prospective lateral partners. In particular, we work with our trusted clients to understand the firm's partner compensation, origination credit systems, and lateral partner integration plan and share the information with lateral partner candidates. For our partner candidates, we help them navigate the different lateral partner landscapes by sharing information about the firm that we have gathered from multiple law firm meetings and placements, prepping them for every interview, and working closely with them on the lateral partner questionnaire and business plans. - Gloria Sandrino, Managing Principal at Lateral Link
'More Extensive' Vetting: How Law Firms Are Picking Laterals | Law.com
law.com
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Our recruiters Zain Atassi, Jesse P. Hyde, and Anna Szymczak were thrilled to share insightful perspectives on the latest trends in the Chicago legal market this February at CALPA! The presentation covered updates on hiring and compensation, emerging practice areas, recent firm mergers, essential recruiting tips, advancements in AI within law firms, and our commitment to enhancing Diversity, Equity, and Inclusion efforts. Thank you to everyone who joined us for this informative session! #LateralLink #LegalRecruitment #ChicagoLaw #DEI #AIinLawFirms
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Lateral Link reposted this
In the fast-paced world of Big Law, there's a prestigious club that everyone is eyeing—the Global Elite. A tight-knit group of legal powerhouses set to rule the industry with unparalleled might. It's reminiscent of The Hunger Games: firms racing to surpass revenue targets, expand their reach, and outshine rivals. Not to mention the intense battle for lateral talent! It's a high-stakes game where only the elite survive—a thrilling tale of ambition, strategy, and the relentless pursuit of legal supremacy. Now, think of the contenders: firms like Kirkland, Latham, and Skadden are leading the charge, with others hot on their heels. These giants are setting the bar high with billion-dollar revenues, eye-watering profits, and global footprints that leave others in awe. Approximately 20 firms are considered elite, with PEP exceeding $4.5 million, including Paul Weiss, Simpson Thacher, Sullivan & Cromwell, Davis Polk, and Weil Gotshal. Latham currently stands as the only firm operating in at least 15 countries, with revenues surpassing $3 billion and PEP at $4.5 million. Other firms like Kirkland, Skadden, Sidley, Gibson, and Ropes are close to fulfilling these criteria. Let the games begin...or continue! https://lnkd.in/gYgzd4eM
Which Law Firms Are On Course to be in the Global Elite? | The American Lawyer
law.com
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At Lateral Link, Nick Pappas emphasizes the importance of understanding your true compensation by calculating your Return on Time Invested (ROTI). For instance, a $250,000 salary with high billable hours might yield $79.40/hour when considering ROTI, while a $190,000 salary with fewer billable hours can yield $70.40/hour. Non-billable hours significantly impact your actual earnings. To strategize ways to improve your ROTI, contact Nick Pappas at [email protected]. #LateralLink #LegalRecruiting #LegalCompensation
Director @ Lateral Link | Legal Recruiter + Career Advisor | California & West Coast | Former biglaw litigator
Understanding Your True Compensation: The Importance of Calculating the Return on Time Invested in Your Work Associate compensation varies widely between firms, but your salary is only part of the picture. To get an accurate understanding of your compensation, you need to consider your work ROTI (Return on Time Invested). This includes all the time you spend on work-related activities, such as commuting, getting ready, eating, breaks, and non-billable tasks. Example 1: High Salary, High Billable Hours 🔹 Salary: $250,000 🔹 Billable Hour Requirement: 2,100 hours 🔹 Total Hours Worked per Year: 3,150 hours (12 hours to bill 8) Compensation per Hour: 🔹 Without ROTI: $119.10/hour 🔹 With ROTI: $79.40/hour Example 2: Lower Salary, Lower Billable Hours 🔹 Salary: $190,000 🔹 Billable Hour Requirement: 1,800 hours 🔹 Total Hours Worked per Year: 2,700 hours (12 hours to bill 8) Compensation per Hour: 🔹 Without ROTI: $105.56/hour 🔹 With ROTI: $70.40/hour While there's a $60,000 salary gap between these examples, the difference shrinks to just $9/hour when considering the work ROTI. This highlights how non-billable hours (commutes, childcare, admin, meal prepping, eating, using the bathroom, etc.) can significantly impact your actual hourly compensation. Surprisingly, many lawyers still choose higher salaries without considering their work ROTI. I try to give the attorneys I work with the whole picture. We frequently discuss ways to improve their ROTI by increasing pay, reducing hours, or gaining more flexibility to minimize non-billable time. If you want to maximize your work ROTI, email me at [email protected] or DM me to strategize. #lawyers #careers #compensation
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Lateral Link reposted this
I'm seeking litigation associates with #productsliability experience for an elite team in Atlanta. If you or someone you know fits the bill, I would love to hear from you. Lateral Link #law #legalprofession #hiring #biglaw