Written by: Andrew Maloney
In 2021, the operative question for the legal industry went from “whether” to “how much.”
If the previous year showed Big Law could survive and even thrive in the face of a global catastrophe such as the COVID-19 pandemic, 2021 was about how much further lawyers and firms could continue to push in spite of it.
On bonuses, remote work and profits, many firms did go above and beyond their surprisingly strong 2020 marks. They were more creative, more flexible and made more money in 2021.
The same can be said for lateral movement. Perhaps it’s no surprise that in a year that coined the phrase “Great Resignation” and in which “talent war” was the most popular term-of-art in Big Law, the number of moves in 2021 significantly outpaced those in 2020, according to industry observers and multiple data sources.