Ed.
note:
Welcome
to
our
daily
feature,
Quote
of
the
Day.
Growth
through
laterals
and
even
groups,
net
of
retirements
and
other
departures,
is
slow
and
expensive
and
error-prone.
When
we
ask
firms
to
candidly
give
us
a
sense
of
what
percent
of
the
time
laterals
are
successful,
the
candid
answer
is
between
one
in
two
or
one
in
three.
—
Kent
Zimmermann,
a
law
firm
advisor
with
the
Zeughauser
Group,
in
comments
given
to
Law.com,
on
the
overall
riskiness
involved
in
lateral
hiring
as
a
law
firm
growth
strategy.
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 Bluesky, X/Twitter,
and Threads, or
connect
with
her
on LinkedIn.