Welcome back to the Big Law Business column on the changing legal marketplace written by me, Roy Strom. Today, we look at how attrition rates have spiked and the longer-term problem that represents for Big Law. Sign up to receive this column in your inbox on Thursday mornings.
“The crisis is real.”
I did not expect to hear those words when talking about Big Law’s best financial year in over a decade. Billing rates were up, and revenue and profits likely achieved record-setting levels.
Yet the crisis is among the people who bear the brunt of those growing workloads—associates. ...