A year of firm implosions makes candidates more cautious and inquisitive

In good times, potential lateral partner candidates tended to focus more on practice fit and compensation. Now, hiring partners and recruiters say they are being asked more specific questions about the financial history, equity levels, borrowing habits and financing plans of the firms these candidates are considering. And they are being posed them earlier in the process.

But even asking all the right questions doesn't guarantee a firm won't end up in trouble years down the line.

Read the full Recorder article and see how lateral candidates are trying to cushion themselves in this unsteady environment of increasingly shrill headlines from Wall Street and around the globe.