Attrition
Posted: Wed Aug 13, 2014 11:28 am
I was a 1L summer at a Vault 100 firm (whatever that means) where the model was to only hire 5-10 summer associates. It was made clear this model at this particular firm looks to keep associates as long as possible.
My question is, with more leveraged / bigger firms that hire more like 20-40 summer associates, is it generally expected by the firm that a huge chunk of junior associates leave after 2-3 years? My question is more about the employer, rather than the employees who leave. Obviously, a self-selecting chunk of juniors leave for in-house and/or are just sick of the biglaw experience. But I'm just wondering if the firm uses attrition as a method of keeping cheap labor in hand and don't look around in 2-3 years and hint, "You should probably leave" if self-selecting attrition is limited.
Apologies if the above post is a bit confusing.
My question is, with more leveraged / bigger firms that hire more like 20-40 summer associates, is it generally expected by the firm that a huge chunk of junior associates leave after 2-3 years? My question is more about the employer, rather than the employees who leave. Obviously, a self-selecting chunk of juniors leave for in-house and/or are just sick of the biglaw experience. But I'm just wondering if the firm uses attrition as a method of keeping cheap labor in hand and don't look around in 2-3 years and hint, "You should probably leave" if self-selecting attrition is limited.
Apologies if the above post is a bit confusing.