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Over time, I realized that firms across the country were hesitant to invest in younger attorneys’ development due to fear of an attrition-driven mass exodus of clients. After all, what was more dangerous to a firm’s bottom line than a newly confident attorney capable of bringing in and managing clients – on their own ?
Based on numerous annual reports regarding the state of the legal industry, associate turnover has been a top pain point for attorneys in the past few years. The Retention Crisis in the Legal Industry The legal industry survived the pandemic, has shown record profits, and most firms have more work than they can handle.
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