DLA Piper loses 23-lawyer team to HWL Ebsworth in Sydney

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  • I think I see the hand of Andrew Darwin in this - so not so much DLA loses but rather Ebsworth gain . . .

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  • I think it is high time some serious cost benefit analysis coupled with proper research into the disruption factor of lateral hiring was undertaken. I have some data, collected over 20+ years and when all elements are covered it is extremely difficult to make a case for these moves. The remuneration for the new team is a often a highly disruptive factor and the impact on junior staff professional staff is profound. Many, especially the better one, consider their own promotion prospects are frustrated and leave. All too often managing partners and partners on the make are seduced by a set of numbers that routinely don't eventuate. The whole ethos of partnership is undermined when partners working in what is perceived to be 'sexy' areas of law move around at will - especially when their skills decline in value (relatively) as the macro-economic cycle shifts and other skills come to the fore. as for the fees of recruiters involved picking up a fee for the entire team....

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