BigLaw partner lateral moves involve extensive due diligence on portable business, client relationship verification, and detailed compensation negotiations. The process typically takes 3-6 months and requires careful timing around non-competes and client notifications.
Employment law partners typically need $1-3M in portable business for lateral moves, though demand varies by market and specialty. PAGA expertise and wage-hour class action experience can reduce these thresholds significantly.
BigLaw partner compensation in 2026 will likely continue growing modestly, with equity partners at top-tier firms earning $2-15M+ annually. Non-equity partners typically earn $500K-2M, while practice area and portable business significantly impact earnings potential.
Non-equity partner compensation disputes often signal deeper firm culture issues that rarely improve. A lateral move to a growing market like Charlotte can provide both financial upside and career reset opportunities.
Private equity funds focusing on emerging companies create significant lateral opportunities for corporate attorneys. These funds drive demand for specialized legal services in M&A, securities, and regulatory compliance as their portfolio companies scale.
Labor and employment partners typically need $1-3M in portable business for lateral moves, though requirements vary significantly by market and firm tier. Strong client relationships and specialized expertise can sometimes offset lower book numbers.
Patent litigation associates handle document review, prior art research, claim construction briefing, expert witness coordination, and trial preparation. The work is highly technical and substantive, with better work-life balance than M&A but intense periods during trials and key deadlines.
BigLaw associates handle sophisticated transactions and litigation with significant client responsibility, billing 1,900-2,400+ hours annually. Work varies dramatically by practice area, from M&A due diligence to complex commercial litigation, with clear advancement tracks to counsel and partnership.
Law firm partnership offers significant financial rewards through equity participation and profit sharing, plus professional autonomy, business development opportunities, and long-term wealth building potential. However, partners also assume substantial business risks and client responsibility.
Equity partnership means owning a stake in the firm with voting rights and profit-sharing, while non-equity partners receive salary/bonus without ownership. Equity partners typically earn significantly more but face greater financial risk and responsibility.
Partner billable hours vary significantly by firm type and market, with Am Law 100 partners typically billing 2,000-2,400 hours annually. However, partners focus more on business development and client management than pure hour generation.
Evaluating an Am Law 100 lateral offer requires analyzing compensation against current Cravath scale benchmarks, assessing the firm's practice strength and culture, and weighing long-term career trajectory benefits against lifestyle trade-offs.
Seattle offers higher attorney salaries but significantly higher housing costs, while Portland provides a lower cost of living but fewer BigLaw opportunities. Tax differences and lifestyle factors also impact the real value of compensation packages.
Moving from BigLaw to a quality employment boutique can be an excellent career move, especially given the robust demand for employment law expertise. While you'll likely take a short-term pay cut, the specialized experience and better work-life balance often lead to stronger long-term prospects.
Legal recruiters help attorneys navigate lateral moves by matching candidates with firm opportunities, providing market intelligence, and managing the interview process. They're typically paid by firms on successful placements, making their services free for candidates.