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Upping the Partner Ante

For partners with portable business, this may be a good time to shop your practice. There are many hungry buyers out there; but be aware that the bar is being raised at most firms. A legal recruiter asserts that firms which wanted 500K now want 750K in portable business and firms that wanted a million now want 1.5 million. In addition, firms are looking closer at the portability of the business to make sure that a lateral partner can deliver and that the work is current.

Full post as published by Counsel to Counsel on April 10, 2009 (boomark / email).