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legal industry trends

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
37 Law Firms Best by Industry: High Tech, Big Pharma and Financial Services The Mad Clientist

37 Law Firms Best by Industry: High Tech, Big Pharma and Financial Services

It’s the difference between advice and answers. Advice includes an element of industry understanding and nuance. Answers state the facts. Clients pay premiums for advice. Not so much for facts. Industry understanding includes 2 key elements: industry dynamics, trends and regulatory protocols and – from a business development perspective –…
BTIConsulting
April 23, 2025