Nearly two-thirds of major London firms have introduced partnership alternatives, according to Legal Week research, which shows many law firms are still wrestling with 20 percent-plus associate attrition rates. The research illustrates the rapid acceptance of partner alternatives as London firms struggle to reconcile high demand for experienced lawyers with the squeeze on partner promotions. Of those that have introduced such roles, 30 percent have done so within the last 12 months.
September 20, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Nearly two-thirds of major London firms have introduced partnership alternatives, according to Legal Week research, which shows many law firms are still wrestling with 20 percent-plus associate attrition rates.
The upcoming Legal Week Assistant Report has found that 59 percent of the top law firms operating in the U.K. have already introduced partnership alternatives.
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