The article highlights the rising attrition rates among associates in Big Law, with a significant number leaving firms earlier than in the past. It emphasizes the unique challenges faced by those who began their careers during the pandemic, including remote training and a shift in workplace dynamics. Recent data indicates that only one in five associates remained with the same firm after five years, with a departure rate reaching an alarming high. This situation has implications for firms' investments in their workforce, as many new hires are navigating uncertain career paths, leaving firms questioning their onboarding and training effectiveness.
The departure rate is trending at an all-time high over the past two years, with fewer associates remaining at firms for even three years.
Firms are getting far less return for every associate they hire, as more are leaving earlier in their tenures than before the pandemic.
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