Survey shows law firm culture is key for laterals
Major, Lindsey & Africa have released the results of a new survey, which finds that the primary motivating factor in partner moves is “firm culture”.comments powered by Disqus
The 2013 Lateral Partner Satisfaction Survey had responses from more than 1,150 partners across the US, and found that overall satisfaction among the group is generally high, with 53% of lateral partners reporting they are “very satisfied” with their current firm, and 34% reporting they are “somewhat satisfied” with the move. Just 3% of respondents said they are “not at all satisfied” with their new law firm, and 10% were “not very satisfied.”
“One critical factor in the high rates of satisfaction is the finding that law firms are doing a better job than ever before in integrating their new partners, both on a business level and culturally,” said Jon Lindsey, co-author of the 2013 survey.
“Once again, we see that firm culture is the single most important consideration for lateral partners in choosing a new firm,” said co-author Jeffrey A. Lowe. “Despite what many people think, it isn’t ‘all about the money.’