Law Firms’ ‘Failed Hires’ Expected to Climb as Lateral Hiring Ramps Up
By Andrew Maloney
CenterPeak's Jeffrey Lowe warns of the inevitable consequence of aggressive lateral hiring: "When you have more lateral hiring, you're going to have more failed hires. It's just math." With firms increasingly desperate for talent and rushing due diligence, cultural mismatches and unrealistic expectations are creating more departures within 18 months. Lowe notes the pressure: "Firms are under a lot of pressure to grow, and sometimes that means they're willing to take risks on candidates." The result? A costly cycle where rushed hiring decisions lead to expensive failures.
