Leader Of Elite Biglaw Firm Shares The Secret For Keeping Partners From Lateraling To Competitors
Want to keep partners in place at your firm? Keep this in mind....
Ed. note: Welcome to our daily feature, Quote of the Day.
If you can’t match the profitability of some peer firms, frankly the cultural glue that you are able to create is what is going to be the adhesive that keeps your partners at your firm.
— Brad Karp, chair of Paul Weiss, in comments given during a panel hosted by the International Bar Association earlier this week. When speaking of partner departures, Karp said, “It hurts every time that we lose a partner to a competitor. We try to structure our firm in ways that minimize the likelihood of that occurring, but it’s impossible. It’s a reality in today’s marketplace.”
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on X/Twitter and Threads or connect with her on LinkedIn.
