The movement of lawyers between firms is a fixture of the legal industry nowadays. I came across a good article discussing ways to integrate lateral attorneys into their new firm.
In Ten Ways to Boost Lateral Partner Integration, Katie Rutter recognizes that both the lateral lawyer and the law firm need to have an “integration plan” in place with timeframes to meet.
Rutter’s suggestions include building an orientation program for laterals, actively marketing the new lawyers upon their arrival, and creating strategic teams to visit key clients and prospects, as appropriate.
The main takeaway is that a lateral attorney transaction involves much more than checking for conflicts, agreeing on compensation, and giving the new lawyer a desk.
How well does your firm manage the transition?