How Aggressively Should Firms Re-Hire?
JP Morgan recently announced plans to hire 1200 to staff up its real estate lending capabilities. This is as aggressive a hedge on the recovering market as I’ve seen, in an economy where we still see nothing but mixed signals.
Banks aren’t law firms, of course, but the two industries have a great many parallels. The bursting of the real estate bubble had marked effects on both banks and then law firms, and we’ve seen significant downsizing in both industries. JP Morgan’s bullish hiring makes me wonder: are there law firms who might aggressively start hiring in anticipation of a healthy economic rebound?
I suspect we will see a great deal more reluctance within law firms to over-hire than we might see in other industries. I do see firms trying to predict the perfect time to hire opportunistically before the hiring market becomes competitive again. When we look back, who will be the firms that timed the market right?
- Do Law Firms Generally Have Hiring Freezes During the Holiday Season, or is This as Good a Time as Any to Aggressively Pursue a New Job?
- I am from Akron, OH, but I’d love to work in New York or Los Angeles. Do big-city firms only hire those whose past experience was gained in other large cities?
- Things are looking up…
Read the whole story on: Lateral Attorney Report