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A Partner's $64,000 Question: 'How Marketable Am I?'

By Pamela DiCarlantonio

I am often asked about the current job market for law firm partners, and my answer is what you'd expect from a former practicing attorney: “It depends.” I then ask a series of questions that will help me assess that attorney's marketability and job prospects.

Even during the economic downturn, lateral partner hiring remained fairly strong, primarily because the market for partners is largely opportunistic. At times a law firm may need to bring on a lateral partner or group to fill an active need or expand into a new city or practice area, but as a general matter, firms are not looking for partners in the traditional “have to have someone” sense. Unlike a company looking for a CEO or General Counsel, firms usually don't “have” to add anyone and simply won't if the right partner isn't before them.

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