Paul Hastings Continues Its Talent Raid - Most Recently from Paul Weiss

Professional services is different from many other white collar fields. In the latter, at least right now, there's a glut of talent. Even "perfect applicants" aren't landing job offers. Talent is being told, "You're a dime a dozen."

But in niches like law and consulting, talent will always provide the infrastructure. To use the cliche, they are the human capital. Even Generative AI will probably not negatively affect the value of the big brandnames in professional services. 

So law firm Paul Hastings' current talent raid is getting attention. This time it swooped down on competitor Paul Weiss to hire away partner Kristina Leskinen. Her special area of expertise is M&A. For instance, she handled the Time Warner Cable deal. During a decade at Paul Weiss, Keskinen became a partner a year ago.

This is the second loss of a partner in corporate for Paul Weiss since it had made a deal with the Trump administration. Yes, there had been exits by partners in litigation but it's in transactional services where the "real money" is. Therefore the future of Paul Weiss could be in play if there continues to be departures in transactional practices. 

Currently it remains financially sound. Chair Brad Karp has a remarkable track record for managing crisis. That dates back to 2008 when he became the firm's leader during The Great Recession. Among his bold moves was not being lockstep in laying off junior lawyers back then. That enhanced its reputation in recruiting. 

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