Talent poaching is en vogue as firms rebuild after recession

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Talent poaching is en vogue as firms rebuild after recession
              By Ken TArBOuS                                                                              grown partners, offering higher compen-      January, the Woodbridge firm added all 13


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Description: Behind the scenes, many top-level attorneys throughout the state say aggressive firms trying to expand their footprints in New Jersey have taken to raiding homegrown partners, offering higher compensation without regard to longevity or corporate culture - turning law into more of a business than a profession. Throughout an economic downturn that has driven many opportunistic and strategic mergers and acquisitions, firms that have not been as profitable as they once were have laid off lawyers, a natural effect of the business cycle, attorneys say, and efforts to retain the real rainmakers, or lure them away from competitors, makes good business sense.
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