The 54-year-old former leader of Heller Ehrman was building from the ground up at Dechert, this time with a track record that included the dissolution of his previous firm during his tenure as its chairman. "I'm trying to communicate to the world that I'm back in practice and that this is what I'm good at," Larrabee said. "It's still a work in progress."
Lateral movement among attorneys in general has become increasingly common. During the past five years, the number of partners moving from one top firm to another has increased by 14 percent. In 2008, attorneys at Am Law 200 firms made 2,509 moves, according to The American Lawyer, an affiliate of The National Law Journal that tracks partner moves at the nation's most profitable firms. In 2003, lateral moves totaled 2,199.