The Real Reason Partners Leave Law Firms
This interesting article written by Roy Strom for Bloomberg Big Law Business this month points to some provocative suggestions from law firm leaders as to why partners or groups of attorneys leave large firms, often at their firm’s request, and move laterally to other firms. A key question is what the firms should tell the press, which is interested in the reasons behind any departure in what Strom calls Big Law’s Free Agent Era. Strom says that a common response from law firm managing partners these days to requests for comment is that lawyers move on because they’ve been told that they’re no longer part of their firm’s strategic plan. He says that’s a fairly new idea in the law firm world that firms develop strategic plans and execute on them to the extent that they let groups of partners go if they don’t fit the plan. I don’t necessarily disagree with this type of…
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