Growing a law firm is as much an art as a science.
Having the right people, of course, is key to a firm’s success. But employing the right talent is expensive and complicated. Firms can grow organically through partner promotions. They also can grow by bringing on lateral partners. Hiring associates and molding them into partnership material is a long-term investment. Taking on partners from other firms is an expensive proposition and risky, but one that can produce quick results.