Ed.
note:
Welcome
to
our
daily
feature,
Quote
of
the
Day.
The
last
three
years
has
taught
firms
some
pretty
hard
lessons
in
regard
to
how
to
go
about
building
up
the
associate
ranks.
They
grew
at
an
exponential
rate
in
2021
and,
as
work
went
down,
they
no
longer
needed
the
number
of
attorneys
that
they
had.
If
you
look
at
all
of
the
factors
at
play—that
corporate
work
is
down,
compensation
increased—all
of
these
things
together
just
results
in
lateral
hiring
just
being
very
conservative.
—
Summer
Eberhard,
a
California-based
legal
recruiter
at
Lateral
Link,
in
comments
given
to
Bloomberg
Law
on
new
report
by
the
National
Association
for
Law
Placement,
which
concluded
that
lateral
hiring
had
fallen
by
35%
over
the
course
of
2023,
with
associate
hiring
nosediving
by
43%,
while
partner
hiring
dropped
by
10%.
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.
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or
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her
on
LinkedIn.