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Turnover
Posted: Sat Jul 17, 2021 11:21 pm
by Anonymous User
Can people tell me what the turnovers been looking like at your firm/group? I just joined a new firm and in my group, of the people I know, about 25% of people have left in the last 3 months. In the last year to 1.5 about 70% of the group has left. It’s astonishing but idk if this is typical. I’m in cap markets btw.
Re: Turnover
Posted: Sat Jul 17, 2021 11:29 pm
by Anonymous User
I’m one person quitting away from being the only associate in my group. I’m pretty sure the other guy is looking, too, so only a matter of time. We used to have ~8 associates a few months before the pandemic.
Re: Turnover
Posted: Sun Jul 18, 2021 11:25 am
by Anonymous User
Anonymous User wrote: ↑Sat Jul 17, 2021 11:21 pm
Can people tell me what the turnovers been looking like at your firm/group? I just joined a new firm and in my group, of the people I know, about 25% of people have left in the last 3 months. In the last year to 1.5 about 70% of the group has left. It’s astonishing but idk if this is typical. I’m in cap markets btw.
Our V10 secondary market office is losing associates so quickly that office leadership has stopped sending out farewell emails in order to avoid scaring the summer associates. We are hiring laterals at a pretty fast clip, but (1) they suck and (2) we aren't hiring faster than folks are leaving.
Re: Turnover
Posted: Sun Jul 18, 2021 1:57 pm
by Anonymous User
At my NY V10, my group hired last week our FIRST lateral since covid started, after hemorrhaging like 10 associates in 2021 alone. At this point, I feel like the majority of the midlevels are angling to leave so they're not the last ones remaining who'll have to do like 250% of their current workload in a few months
Re: Turnover
Posted: Mon Jul 19, 2021 2:12 pm
by Anonymous User
NY V20. We've hired more than we've lost this year and almost all of the departures have been junior associates.
Re: Turnover
Posted: Thu Jul 29, 2021 11:14 pm
by Anonymous User
Anonymous User wrote: ↑Sun Jul 18, 2021 1:57 pm
At my NY V10, my group hired last week our FIRST lateral since covid started, after hemorrhaging like 10 associates in 2021 alone. At this point, I feel like the majority of the midlevels are angling to leave so they're not the last ones remaining who'll have to do like 250% of their current workload in a few months
It's actually 19 that have left since January 1 (yes, from one group in NYC), with one lateral associate hire. But who is counting?
Re: Turnover
Posted: Fri Jul 30, 2021 1:56 pm
by Anonymous User
Y’all mind sharing your practice groups as well? I’m assuming all of you in groups that are hemorrhaging are transactional?