Lateral Hire Marketing

Why should you aggressively market your new laterals?  It's a strategy HBC has long championed, and the reasons for it are almost too obvious:

Firms add professionals to practices they intend to grow.  Aggressively promoting new laterals aligns marketing efforts with business strategy:

  • Aggressive marketing helps shore up and grow the new hire's practice;
  • Successful marketing of a new lateral makes the firm attractive to other candidates; and
  • Aggressively marketing lateral hires is one of the very best ways to make them feel supported at their new home.

Moving is expensive. Recruiters estimate that on top of base compensation, it costs an additional $600,000 to integrate a new partner with a $1.5-2 million book of business.  One firm has lost a valuable partner, and another has made a huge investment.  HBC's lateral marketing helps you minimize these losses and maximize your returns.