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Lateral hiring by law firms drops 35% in 2023

Lateral hiring by law firms fell 35% in 2023, marking the second straight year of decline, according to a report by the National Association for Law Placement (NALP). The median number of lateral attorneys hired per office dropped from six in 2022 to four in 2023, while the average number of lawyer laterals declined by 42%. This decline in hiring is the lowest since the Great Recession in 2010. NALP's report is based on surveys from 479 U.S. law firm offices. The decline in lateral hiring, along with lower summer associate recruiting, suggests that law firms are projecting lower demand in the coming years and have adjusted their staffing accordingly. Lateral associate hires declined by nearly 43%, while lateral partner hires decreased by 10%. However, demand for lateral partners varied by firm size. Firms with 500 or more lawyers curtailed lateral partner hires by over 19%, while lateral associate hires increased by nearly 21% at firms with 250 or fewer lawyers.

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