Major, Lindsey & Africa, published their new research report on May 1, 2007. The report, titled “Lateral Partner Satisfaction: A Decade of Perspective,” surveyed 5,622 law firm partners who had all shifted laterally in the past years. From about 1,000 responses received it was found that more often people look for support than money when deciding to make a lateral shift in employment. The factors that were found most important in the decision to shift laterally were:
-The reputation and culture of the firm
-The personality and style of partners
-The strength of the management of the firm
-The overall financial health of the firm
-The ability of the firm to support the practice of the lateral
In contrast to these, compensation structure, existing client base, and national/international presence of the firm, took a back seat as deciding factors for lateral shift in employment.
The survey also found among other interesting things that men and not women usually led group shifts. So, that’s one reason to promote women to the top posts, they know where their loyalties lie. And, by the way, the survey found that women tended to be more dissatisfied after making lateral shifts. It figures. People who favor stability tend to suffer after that lateral shift. But there are no studies that say women tend to be dissatisfied after being shifted vertically upward.
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