Ed. note: Welcome to our daily feature, Quote of the Day.
There will likely be ripple effects beyond those law firms. A firm might see Paul Weiss doing a difficult and challenging thing like taking 13 partners from Kirkland and start to think about movement at the top. It inspires other firms to approach the market in a more targeted and proactive way.
— Sabina Lippman, co-founder of legal recruiting firm Lippman Jungers, in comments given to the American Lawyer on the potential effects that the back-and-forth lateral partner swipes between Paul Weiss and Kirkland could have on the rest of the Biglaw market. “[T]hese kinds of moves generate excitement and motivate other attorneys to dip their toes in the lateral market,” she said.
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter and Threads or connect with her on LinkedIn.