Ed. note: Welcome to our daily feature, Quote of the Day.
The lateral partner market has gotten more and more active, and we always felt it was a matter of time before it reached the very elite tier of firms. The gloves are off and virtually no one is untouchable anymore. People should get used to seeing that at firms that historically lost very few partners.
— Jeffrey Lowe, market president of Washington DC for legal recruitment firm CenterPeak, in comments given to Bloomberg, concerning the recent wave of partner departures from Cravath, a firm long known to hold onto attorney talent from the cradle to the grave. As we noted in 2024, it’s no longer a rarity for lawyers to leave the firm, and the trend is only seems to be increasing. “Cravath doesn’t really support stars in the same way that other law firms might,” New York legal recruiter Alisa Levin said, “and it’s an opportunity to shine bright elsewhere.”
Staci Zaretsky is the managing editor of 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 Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.