Good news for associates already out there practicing law -- law firms are hiring laterals big time. Discussion on this recent trend is in "First-Year Associate Classes Flat as Demand Picks Up" via The Recorder on law.com. What does this all mean? From the article: "Recruiters say lateral hiring is up in the last six months -- especially in the IP, real estate transaction and corporate work areas." They are filling in the gaps where there was previous downsizing and conservative hiring.
This is a also a plus for future first year associates as law firms realize that they need to hire more new lawyers this coming year. One law firm recruiter even says: "If I had to make the decision today, I would be starting almost twice as many first-years as I did this fall."