Chicago-based firm, Sonnenschein Nath & Rosenthal, is looking to expand through lateral hiring. Key to the plan is Kara Baysinger, the firm’s newly appointed lateral acquisition partner, and a lateral hire to the firm herself. Developed by longtime chairman Duane Quaini, Sonnenschein’s strategic plan involves reaching $1.4 million in profits per equity partner by 2008 (from the current $800,000). The firm’s goal of growth will primarily be achieved through lateral recruiting. Demonstrated by the May 2006 acquisition of Phoenix powerhouse Richard Ross, the firm will not shy away from even opening offices in unlikely places in order to gain lawyers with large and valuable practices.
Source: www.law.com