Placements 2024 - Market Insights -

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As we enter Q4, we’ve taken the opportunity to reflect on the trends we’ve observed in the associate lateral market. The insights below highlight key movements, the practice areas in demand, and the reasons driving associates to make a change. From broader market dynamics to personal motivations, this snapshot captures how the associate market is evolving and what factors are influencing these career decisions.

[/fusion_text][fusion_separator style_type=”single solid” flex_grow=”0″ height=”20″ alignment=”center” amount=”20″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” border_size=”2″ sep_color=”rgba(229,229,229,0.5)” top_margin=”40″ bottom_margin=”40″ /][fusion_title title_type=”text” marquee_direction=”left” marquee_speed=”15000″ rotation_effect=”bounceIn” display_time=”1200″ highlight_effect=”circle” loop_animation=”off” highlight_width=”9″ highlight_top_margin=”0″ title_link=”off” link_target=”_self” content_align=”left” size=”2″ text_shadow=”no” text_shadow_blur=”0″ text_stroke=”no” text_stroke_size=”1″ text_overflow=”none” gradient_font=”no” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ style_type=”default” animation_direction=”left” animation_speed=”0.3″ animation_delay=”0″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” font_size=”54px” margin_bottom=”40″]Geographies[/fusion_title][fusion_text animation_direction=”left” animation_speed=”0.3″ animation_delay=”0″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” font_size=”20px” line_height=”34px”]We place attorneys across the United States, with the highest number of moves occurring in New York, followed closely by Washington DC. Other key hotspots included the Bay Area, Texas, and Boston.[/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container type=”flex” hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” align_content=”stretch” flex_align_items=”flex-start” flex_justify_content=”flex-start” flex_wrap=”wrap” hundred_percent_height_center_content=”yes” equal_height_columns=”no” container_tag=”div” hide_on_mobile=”small-visibility,medium-visibility” status=”published” border_style=”solid” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_blend_mode=”none” background_slider_skip_lazy_loading=”no” background_slider_loop=”yes” background_slider_pause_on_hover=”no” background_slider_slideshow_speed=”5000″ background_slider_animation=”fade” background_slider_direction=”up” background_slider_animation_speed=”800″ video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” pattern_bg=”none” pattern_bg_style=”default” pattern_bg_opacity=”100″ pattern_bg_blend_mode=”normal” mask_bg=”none” mask_bg_style=”default” mask_bg_opacity=”100″ mask_bg_transform=”left” mask_bg_blend_mode=”normal” absolute=”off” absolute_devices=”small,medium,large” sticky=”off” sticky_devices=”small-visibility,medium-visibility,large-visibility” sticky_transition_offset=”0″ scroll_offset=”0″ animation_direction=”left” animation_speed=”0.3″ animation_delay=”0″ filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″][fusion_builder_row][fusion_builder_column type=”1_1″ type=”1_1″ align_self=”auto” content_layout=”column” align_content=”flex-start” valign_content=”flex-start” content_wrap=”wrap” center_content=”no” column_tag=”div” target=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” order_medium=”0″ order_small=”0″ hover_type=”none” border_style=”solid” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ lazy_load=”none” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” background_slider_skip_lazy_loading=”no” background_slider_loop=”yes” background_slider_pause_on_hover=”no” background_slider_slideshow_speed=”5000″ background_slider_animation=”fade” background_slider_direction=”up” background_slider_animation_speed=”800″ sticky=”off” sticky_devices=”small-visibility,medium-visibility,large-visibility” absolute=”off” filter_type=”regular” filter_hover_element=”self” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ transform_type=”regular” transform_hover_element=”self” transform_scale_x=”1″ transform_scale_y=”1″ transform_translate_x=”0″ transform_translate_y=”0″ transform_rotate=”0″ transform_skew_x=”0″ transform_skew_y=”0″ transform_scale_x_hover=”1″ transform_scale_y_hover=”1″ transform_translate_x_hover=”0″ transform_translate_y_hover=”0″ transform_rotate_hover=”0″ transform_skew_x_hover=”0″ transform_skew_y_hover=”0″ transition_duration=”300″ transition_easing=”ease” scroll_motion_devices=”small-visibility,medium-visibility,large-visibility” animation_direction=”left” animation_speed=”0.3″ animation_delay=”0″ last=”no” border_position=”all”][fusion_text animation_direction=”left” animation_speed=”0.3″ animation_delay=”0″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky”]

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Locations

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Relocations

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Practice Areas

[/fusion_title][fusion_text animation_direction=”left” animation_speed=”0.3″ animation_delay=”0″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” font_size=”20px” line_height=”34px” margin_bottom=”40px”]Throughout the year, Litigation led the way with the highest number of placements, followed by Finance, which has seen increased activity in recent quarters. Notable areas also include M&A, Tax, and Private Funds, reflecting a resurgence in transactional practices.[/fusion_text][/fusion_builder_column][fusion_builder_column type=”1_2″ type=”1_2″ align_self=”flex-start” content_layout=”column” align_content=”space-evenly” valign_content=”flex-start” content_wrap=”wrap” center_content=”no” column_tag=”div” target=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” order_medium=”0″ order_small=”0″ hover_type=”none” border_style=”solid” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ lazy_load=”none” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” background_slider_skip_lazy_loading=”no” background_slider_loop=”yes” background_slider_pause_on_hover=”no” 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font_size=”54px” margin_bottom=”40″]Compensation[/fusion_title][/fusion_builder_column][fusion_builder_column type=”1_2″ type=”1_2″ align_self=”flex-start” content_layout=”column” align_content=”space-evenly” valign_content=”flex-start” content_wrap=”wrap” center_content=”no” column_tag=”div” target=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” order_medium=”0″ order_small=”0″ hover_type=”none” border_style=”solid” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ lazy_load=”none” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” background_slider_skip_lazy_loading=”no” background_slider_loop=”yes” background_slider_pause_on_hover=”no” background_slider_slideshow_speed=”5000″ background_slider_animation=”fade” 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As expected in the Big Law lateral market, most associates maintained their compensation level, largely due to the prevailing market lockstep structure. Notably, the number of associates who accepted a pay decrease matched those who received a pay increase, highlighting a balanced trend between upward and downward compensation adjustments.

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background_slider_slideshow_speed=”5000″ background_slider_animation=”fade” background_slider_direction=”up” background_slider_animation_speed=”800″ sticky=”off” sticky_devices=”small-visibility,medium-visibility,large-visibility” absolute=”off” filter_type=”regular” filter_hover_element=”self” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ transform_type=”regular” transform_hover_element=”self” transform_scale_x=”1″ transform_scale_y=”1″ transform_translate_x=”0″ transform_translate_y=”0″ transform_rotate=”0″ transform_skew_x=”0″ transform_skew_y=”0″ transform_scale_x_hover=”1″ transform_scale_y_hover=”1″ transform_translate_x_hover=”0″ transform_translate_y_hover=”0″ 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gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ style_type=”default” animation_direction=”left” animation_speed=”0.3″ animation_delay=”0″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” font_size=”54px” margin_bottom=”40″]Reasons for Moving[/fusion_title][/fusion_builder_column][fusion_builder_column type=”1_2″ type=”1_2″ align_self=”flex-start” content_layout=”column” align_content=”space-evenly” valign_content=”flex-start” content_wrap=”wrap” center_content=”no” column_tag=”div” target=”_self” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” order_medium=”0″ order_small=”0″ hover_type=”none” border_style=”solid” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ background_type=”single” gradient_start_position=”0″ gradient_end_position=”100″ gradient_type=”linear” radial_direction=”center center” linear_angle=”180″ lazy_load=”none” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” background_slider_skip_lazy_loading=”no” background_slider_loop=”yes” background_slider_pause_on_hover=”no” background_slider_slideshow_speed=”5000″ background_slider_animation=”fade” background_slider_direction=”up” background_slider_animation_speed=”800″ sticky=”off” sticky_devices=”small-visibility,medium-visibility,large-visibility” absolute=”off” filter_type=”regular” filter_hover_element=”self” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ transform_type=”regular” transform_hover_element=”self” transform_scale_x=”1″ transform_scale_y=”1″ transform_translate_x=”0″ transform_translate_y=”0″ transform_rotate=”0″ transform_skew_x=”0″ transform_skew_y=”0″ transform_scale_x_hover=”1″ transform_scale_y_hover=”1″ transform_translate_x_hover=”0″ transform_translate_y_hover=”0″ transform_rotate_hover=”0″ transform_skew_x_hover=”0″ transform_skew_y_hover=”0″ transition_duration=”300″ transition_easing=”ease” scroll_motion_devices=”small-visibility,medium-visibility,large-visibility” animation_direction=”left” animation_speed=”0.3″ animation_delay=”0″ last=”no” border_position=”all” margin_bottom=”0px” margin_top=”0px” spacing_left=”2%”][fusion_text animation_direction=”left” animation_speed=”0.3″ animation_delay=”0″ hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” font_size=”20px” line_height=”34px”]One of the most interesting things to reflect on is why associates made a lateral move. While each move is unique and often driven by multiple factors, some clear trends have emerged in 2024. The primary motivation for most associates was to secure a better platform, whether through a higher-quality firm or improved compensation. 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As we know, most associates aren’t necessarily actively looking to leave. This is reflected in our data, which shows that the majority of placements this year were driven by ‘pull’ factors — attractions to the new firm — rather than ‘push’ factors from their current one. This underscores the value of partnering with a search firm for hiring, as we are uniquely positioned to identify and advise top-tier candidates, most of whom are not actively looking to make a move.

Litigation associate in NY who moved from an AmLaw 10 firm to a boutique firm
Finance associate in Dallas who moved from an AmLaw 30 firm to an AmLaw 10 firm in Houston
M&A associate in NY who moved from an AmLaw 10 firm to a peer firm
M&A associate in NY who moved from an AmLaw 10 firm to a top Canadian firm in Toronto
Insurance associate in DC who moved from an AmLaw 100 firm to a peer firm
Real Estate associate in NY who moved from an AmLaw 50 firm to a peer firm
Finance associate in Houston who moved from an AmLaw 20 firm to an AmLaw 10 firm
Tax associate in NY who moved from an AmLaw 50 firm to an AmLaw 20 firm
Finance associate in NY who moved from an AmLaw 10 firm to a peer firm in Houston
Structured Finance associate in NY who moved from an AmLaw 50 firm to an AmLaw 20 firm
Litigation associate in San Francisco who moved from an AmLaw 50 firm to AmLaw 100 firm
Litigation associate in Miami who moved from a boutique firm to a regional Florida firm
Labor & Employment associate in NY who moved from an AmLaw 20 firm to an AmLaw 10 firm
Restructuring associate in NY who moved from an AmLaw 20 firm to an AmLaw 10 firm
IP Litigation associate in San Diego who moved from a boutique firm to an AmLaw 50 firm in San Francisco
Private Funds associate in NY who moved from an AmLaw 30 firm to an AmLaw 10 firm
M&A associate in the Bay Area who moved from an AmLaw 50 firm to an AmLaw 20 firm
Litigation associate in NY who moved from an AmLaw 30 firm in NY to an AmLaw 100 firm in Orlando
Private Funds associate in NY who moved from an AmLaw 20 firm to an AmLaw 10 firm
Litigation associate in Chicago who moved from a boutique to an AmLaw 10 firm
Insurance associate in DC who moved from an AmLaw 100 firm to a peer firm
Litigation associate in NY who moved from an AmLaw 50 firm to a boutique firm in DC
Restructuring associate in NY who moved from an AmLaw 30 firm to a peer firm
Capital Markets associate in NY who moved from an AmLaw 10 firm to a regional Ohio firm
Tax associate in NY who moved from an AmLaw 100 firm to an AmLaw 50 firm
IP Litigation associate in DC who moved from a boutique firm to an AmLaw 100 firm
Litigation associate in DC who moved from an AmLaw 50 firm to an AmLaw 30 firm
Government Contracts associate in the DC area who moved from an AmLaw 100 firm to a peer firm
Real Estate associate in NY who moved from an AmLaw 100 firm to an AmLaw 10 firm
Litigation associate in Boston who moved from an AmLaw 30 firm to AmLaw 200 firm
Tax associate in NY who moved from an AmLaw 10 firm to a peer firm in Chicago
Fund Finance associate in Charlotte who moved from an AmLaw 50 firm to a peer firm
Antitrust associate in DC who moved from an AmLaw 50 firm to a peer firm
Finance associate in NY who moved from an AmLaw 50 firm to an AmLaw 10 firm
Capital Markets associate in NY who moved from an AmLaw 30 firm to an AmLaw 50 firm
Banking associate who moved from an AmLaw 10 firm to a peer firm
Litigation associate in New Jersey who moved from a regional NJ firm to an AmLaw 150 firm
Restructuring associate in LA who moved from a regional LA firm to an AmLaw 150 firm
Litigation associate in Dallas who moved from an AmLaw 100 firm to an AmLaw 50 firm
Real Estate associate in NY who moved from an AmLaw 30 firm to an AmLaw 10 firm
Litigation associate in the Bay Area who moved from a boutique firm to an AmLaw 10 firm
Funds associate in Boston who moved from an AmLaw 20 firm to an AmLaw 50 firm

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Placements 2024 – Market Insights