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Hello, I Must Be Leaving

The American Lawyer

March 11, 2005

Like so many firms, Schnader Harrison Segal & Lewis decided some years back that it wanted to be bigger and better. So it acquired about 100 lawyers, more than 50 of whom were partners. But the firm learned it's one thing to hire lots of talent, and another to retain it. Within three years, most of those new hires had fled. Other firms have faced a similar plight: Partners often leave not long after they arrive. Why do some firms' laterals stay put, while others race for the revolving door?

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