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42 J. Legal Prof. 171 (2017-2018)
Lateral Moves: An Empirical Investigation of Cyclicality, Directional Mobility, and 5-Year Retention Rate by Gender and Age Cohort

handle is hein.journals/jlegpro42 and id is 191 raw text is: 


                  P. Cecchi-Dimeglio  and H. A. Simons*


     The present   empirical  study examines   the  movements   of  lateral
partners  across  Big  Law  firms  in  the context of  what  is known   as
boundaryless   career movements.   We provide statistical evidence on the
patterns of the lateral moves of 2,353 partners who moved between  AmLaw
100  firms   between  2010   through  2012.   Our  research  explores   the
cyclicality and directional mobility (upward versus downward   in terms of
new  firm profit per partner (PPP) rank and absolute level of new firm PPP
rank)  of partner moves and their relationship to five-year retention rate (5
years from  the initial move) from a gender and age cohort perspective. This
study aims  to deepen our understanding of the dynamics and forces at play
for lateral movers both from a gender, age, and firm PPP perspective.

    Key   words:   Lateral   moves,   career  mobility,  cyclicality, PPP
directionality, gender, age cohort, retention, boundaryless career.

                           I. INTRODUCTION

    Lawyer   mobility - the movement of attorneys   from  one  law firm to
another  - is a way  of life at large law firms and  often considered the
hottest ticket in town.' Indeed, it is recognized as a common characteristic
in the practice of law.2

    *  Paola Cecchi-Dimeglio, J.D., LL.M., Ph.D., is a behavioral scientist and chair of the
Executive Leadership Research Initiative for Women and Minority Attorneys at the Center on the
Legal Profession at Harvard Law School and a senior research fellow at HLS and Harvard
Kennedy   School. She  can  be  reached  at pcecchidimeglio@law.harvard.edu  or
paola@paolacecchidimeglio.com. This research was partly supported by a Walmart legal department
grant awarded to the first author at the Center of the Legal Profession. The first author declared to have
no conflict of interest. Hugh A. Simons, M.Phil., M.B.A., Ph.D., is a strategist and veteran professional
services firm leader. He is a former senior partner, executive committee member, and chief financial
officer at The Boston Consulting Group and the former chief operating officer at Ropes & Gray. He
may be reached at hugh@simonsadvisors.org.


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