The Lateral Partner Arms Race Just Went Nuclear – Thank Sullivan & Cromwell
Almost no one understands why firms keep hiring lateral partners – except the people running them. On paper, it looks like a bad bet. Laterals have, at best, a 50% success rate. They can dilute morale, alienate "homegrown" talent, and cost a fortune in guarantees. But behind closed doors, the…
BTIConsultingFebruary 11, 2026