Guide to Partner / Lateral Hires, 'Bolt Ons' and Mergers
Partner / Lateral Hires
As the market for legal services evolves Hays Legal has continued to play a key role in the hiring of partners and teams for its clients internationally as well as throughout the UK and continental Europe.
The strategic acquisition of partners is often a vital part of a firm’s business plan and enables practices to bolster already successful departments or establish specialist expertise in disciplines that will lead to future growth.
Hays Legal has a dedicated team of partner experts that has a leading reputation for advising clients on such hires. What sets us apart is our unrivalled local market knowledge and track record of delivering on the brief. Confidentiality in this arena is paramount and Hays Legal is viewed as a trusted intermediary to both clients and partners.
Our in-depth market knowledge, discretion and quality of service has led to Hays Legal becoming the first port of call for equity, fixed share and salaried partners seeking advice about their next career move.
We are able to offer comprehensive advice about the options in whichever market or location a partner is based and work to guide partners through this often difficult and time consuming process. As part of this service we provide advice on business plans, restrictive covenants, exits from partnership deeds as well as negotiation of the financial package.
Team Moves / Bolt-ons
Partner moves can morph into team or departmental moves and Hays Legal has developed a niche in advising both clients and the partners leading these moves, on this process.
Team moves or ‘bolt ons’ as they are often called, can add critical mass as part of one hiring transaction. This is sometimes seen as a more effective business solution to growing organically.
Mergers
Similarly, firms seek our counsel about the implementation of their business plans and at Hays Legal, we are regularly asked by clients to advise on merger opportunities in their local market or beyond.
For those clients with operations outside the UK or with plans to expand beyond these shores, our international and continental European offices have bespoke knowledge that few can match.
Our detailed understanding of the markets in which our clients operate encompasses the cultural ethos of firms, their strategic aims as well as their financial workings and this enables us to provide a truly added value, consultative service.
Partners Designate
Given the ever more challenging route to partnership experienced by many associates, Hays Legal has seen an increase in the number of associates switching firms to move into partner designate positions or into immediate partnership roles.
This trend is set to continue and we are recognised as one of the leading players in this segment of the market. Our impartial and knowledgeable career advice to those seeking such a move has won us many plaudits and makes us the ‘go to’ consultancy for these lawyers.
Contact us
London
Dan Wilkins, Director
t: 020 7523 3606
e:dan.wilkins@hays.com
The Regions
Oliver Gibbon, Director
t: 0161 236 9577
e: oliver.gibbon@hays.com
