I agree that it is unfair on their own homegrown talent. Disagree on the Dewey comparison.
But if a justification is what you are looking for, it is that partners who are poached laterally will usually come in with their independent books while internally promoted partners don't and will need their sponsoring senior partners to feed them work for at least a couple of years while they build their books. Poaching hi-flying laterals simply makes for better business sense.
But if a justification is what you are looking for, it is that partners who are poached laterally will usually come in with their independent books while internally promoted partners don't and will need their sponsoring senior partners to feed them work for at least a couple of years while they build their books. Poaching hi-flying laterals simply makes for better business sense.