thesealocust wrote:Well... sure, but I wouldn't call the top firms in basically any decently sized legal market "midlaw."
The biggest difference here are clients and practice areas. Biglaw firms hire laterals when they really need to plug a gap in a practice area, and they almost always look "up" the totem-pole. If a V50 in NYC needs a securities associate, they're probably going to do start looking in the V10-15 in NYC.
Maybe it's different for litigators, but there's just such a big difference between the transactions and the recruiting models that "midlaw" and "biglaw" firms use on the corporate end that I have trouble imagining people can make the jump "up" the ladder that often. I'd imagine poking around attorney bios on various firms would prove the point.
This is a pretty NY-centric understanding, but besides that, you're not all that right, my dear.