Chuck Birenbaum, managing partner of Winston & Strawn's San Francisco office, was quoted in the July 2012 issue of California Lawyer. In the article, "Associates Get Their Move On," Mr. Birenbaum comments on the increase of lateral hiring.
According to the National Association of Legal Career Professionals (NALP), lateral hiring was up 48 percent in 2011, with associates accounting for most of those 2,800 hires nationwide. The need for specialists who can complement existing practice groups and fill gaps is a growing trend. Winston & Strawn seeks out specialists who fit within its existing practice groups, including intellectual property, labor law, and energy regulation.
"There's a general slow-down in hiring out of law school, but that has not impacted the need for talented laterals," says Mr. Birenbaum. "It's hard to find new associates with that deep expertise, so the lateral market is the best way to fill the hole."
Mr. Birenbaum recently discussed the lateral market as it pertains to partners in Silicon Valley with the Recorder.