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<blockquote data-quote="Andrei Radu" data-source="post: 184161" data-attributes="member: 36777"><p>So there's a couple of ways you could explore this point further:</p><ul> <li data-xf-list-type="ul">What specific talent is the firm acquiring from competitors? Are they targeting particular practice areas/sectors that they have identified in their growth plans? If so, assuming you have an interest in the relevant practice area/sector, this could be an USP for you. This is because significant lateral hiring sprees in one area shows both (i) that this is a growing team in the firm, which increases your chances of getting a seat/qualifying there; and (ii) that the firm is looking to increase its market share and position in the given area, which increases chances of the firm getting to work on top of the market mandates.</li> <li data-xf-list-type="ul">Is this a general policy of the firm's in terms of preferring to poach talent from rivals rather than grow it internally? Traditionally candidate tend to mention more a commitments to internal talent development as an USP rather than a lateral hiring strategy, but this can potentially still be attractive to you. If the firm recruits lawyers who have trained and worked at various other competitors, it will benefit from more diverse perspectives and work styles. Moreover, instead of having to run the risk of hiring unproven applicants, the firm can get to pick and choose the better performing lawyers of its rivals. This could be beneficial for you in that by working in a team with more diverse and consistently high-performing practitioners, you get to learn more than you would have otherwise and thus develop into a better lawyer yourself.</li> <li data-xf-list-type="ul">Is the firm poaching talent from rivals of a similar caliber? Or are they hiring star partners/associates? If so, the fact these lawyers would choose to move there suggests that your firm is in a position of market strength. This can be attractive to you as it can mean the firm is better placed to win advisory roles on high-value and complex mandates.</li> </ul></blockquote><p></p>
[QUOTE="Andrei Radu, post: 184161, member: 36777"] So there's a couple of ways you could explore this point further: [LIST] [*]What specific talent is the firm acquiring from competitors? Are they targeting particular practice areas/sectors that they have identified in their growth plans? If so, assuming you have an interest in the relevant practice area/sector, this could be an USP for you. This is because significant lateral hiring sprees in one area shows both (i) that this is a growing team in the firm, which increases your chances of getting a seat/qualifying there; and (ii) that the firm is looking to increase its market share and position in the given area, which increases chances of the firm getting to work on top of the market mandates. [*]Is this a general policy of the firm's in terms of preferring to poach talent from rivals rather than grow it internally? Traditionally candidate tend to mention more a commitments to internal talent development as an USP rather than a lateral hiring strategy, but this can potentially still be attractive to you. If the firm recruits lawyers who have trained and worked at various other competitors, it will benefit from more diverse perspectives and work styles. Moreover, instead of having to run the risk of hiring unproven applicants, the firm can get to pick and choose the better performing lawyers of its rivals. This could be beneficial for you in that by working in a team with more diverse and consistently high-performing practitioners, you get to learn more than you would have otherwise and thus develop into a better lawyer yourself. [*]Is the firm poaching talent from rivals of a similar caliber? Or are they hiring star partners/associates? If so, the fact these lawyers would choose to move there suggests that your firm is in a position of market strength. This can be attractive to you as it can mean the firm is better placed to win advisory roles on high-value and complex mandates. [/LIST] [/QUOTE]
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