Page 27 - Lateral Link News Today : Breaking News, Live Updates & Top Stories | Vimarsana

May 14, 2021 at 12:03 PM Shares2 The notion of a publicly traded law firm has traditionally been an oxymoron in the United States. Ethical constraints and deep cultural roots have kept the partnership model firmly entrenched. But with some law firms in other common law jurisdictions going public in recent years, an intriguing question arises: will the United States soon see its first publicly traded law practice? The Situation Overseas In 2007, Slater & Gordon made history as the first law firm in Australia to list publicly. The firm used the funds raised through its IPO to enable a strategy ...

April 30, 2021 at 3:01 PM Shares0 “Lawyers are terrible businesspeople.” You’ve surely heard this before. But is it true? If lawyers are so bad at business, then why did the Am Law 100, the nation’s 100 largest law firms ranked by revenue, have such a banner year in 2020? In the midst of a global pandemic and economic downturn — one that hammered so many industries, from airlines to hospitality to commercial real estate — Biglaw firms flourished. Last week, the American Lawyer issued its eagerly anticipated Am Law 100 rankings for 2021. As a group, here’s how the Am Law 100 fare...

Highest Compensation in Our Industry We understand that hiring and retaining the best legal recruiters requires spreading the wealth. Not only do you deserve it, but you should demand it.  Lateral Link’s recruiters earn 50-85 percent above the market.  Also, our Principals partake in real profit sharing. Our compensation formula favors hard workers and high earners, so the more you make, the more you keep. Here’s a preview below of our compensation structure, not including bonuses and profit sharing: Teamwork & Culture If you have to define the legal recruiting industry, you would prob...

April 9, 2021 at 11:57 AM Shares2 “I’m ready to move in-house. How do I leverage my contacts to help make that happen?” This is a question I’m asked often. Here is my advice. Most importantly, as I mentioned in my article on the importance of authentic networking, you should be building relationships all along, not just when you need something! Networking implies a specific goal. Building relationships is a way of life. Make it your way of life. What is the best way to build relationships? By helping others, even if it’s in little ways. They will remember you, and you’ll allow the...

March 12, 2021 at 5:17 PM Shares6 If you’re an associate, you’re probably thinking, “What?! As if I have any control over my own schedule!” And you’re right, your ability to manage your time will never be perfect. I understand. I was an associate myself for seven-plus years. But there are still some actions you can take to improve your use of time and cut out some of the unnecessary stress. When you are given a new assignment, always ask right away what the deadline is. I can’t tell you how many times as an associate I failed to ask this important question because I said to myse...