Sidley Austin’s leader says it’s “time to buy” in the lateral partner market, as the firm adds a mergers and acquisitions partner following a growth in revenue last year.
The move underscores how law firms are hiring even as dealmaking remains at a tepid pace and the macroeconomic outlook is clouded by interest rate hikes and a possible recession. Law firm hiring in 2023 is just 1.6% off of last year’s pace, according to data from Leopard Solutions.
“During periods like this of disruption, it’s a great time to invest,” Sidley management committee chair Yvette Ostolaza said in an interview. ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.