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The Mad Clientist

The Lateral Partner Arms Race Just Went Nuclear – Thank Sullivan & Cromwell The Mad Clientist

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…
BTIConsulting
February 11, 2026