Seattle's lateral market continues to thrive, anchored by major tech companies like Amazon and Microsoft that drive substantial demand for corporate, IP, and employment attorneys. The region's unique employment law landscape and growing practice areas make it attractive for career pivots.
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.
Hogan Lovells non-equity partners typically earn approximately $400K-$800K annually, varying by office, practice area, and performance. The firm's international platform and strong market position generally support competitive compensation packages.
The ideal timing for lateral moves depends on practice area and market dynamics, but generally falls into two windows: January-March for post-bonus moves with strong Q1 budgets, and August-October for year-end hiring pushes.
Legal recruiters typically charge law firms 25-33% of the placed candidate's first-year total compensation. Partner-level placements often command higher percentages due to complexity and revenue potential.
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.
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.
The Charlotte move likely makes financial sense when adjusted for cost of living, with senior associates earning $280K-$320K versus NYC's $435K+ but gaining 40%+ lower expenses. Partnership timelines are often faster in Charlotte's growing market.
Legal recruiters are paid by law firms, not candidates, typically earning 20-33% of the attorney's first-year salary as a placement fee. This creates important dynamics attorneys should understand when working with recruiters.
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.
Securities litigation offers strong compensation and steady demand, particularly at elite firms and boutiques. The practice combines complex financial analysis with high-stakes litigation, making it an attractive specialty for experienced commercial litigators.
Before accepting a lateral partner opportunity, thoroughly investigate the partnership track timeline, portable book requirements, compensation structure, and firm culture. Focus on understanding both the written policies and unwritten expectations that will determine your success.
Partnership timelines typically range from 7-12 years depending on firm size, practice area, and market dynamics. Am Law 100 firms average 8-9 years, while mid-market firms often promote faster at 6-8 years.
The Am Law 100 ranks the highest-grossing U.S. law firms by annual revenue, with 2024's #100 firm earning approximately $400+ million. These firms typically offer Cravath-scale compensation, global platforms, and prestigious client work.
BigLaw junior associate salaries follow the Cravath scale, with first-years earning $215,000 and second-years making $235,000 at top firms. Regional markets like Charlotte and Seattle may offer 10-20% adjustments, but cost of living differences often favor these markets.