More than two dozen of the largest law firms have announced some kind of leadership transition in the last year or so, as Am Law 200 firms name new managing partners and CEOs, and, for some, install multiple co-chairs for the first time.

The high turnover in Big Law leadership has multiple drivers, consultants and industry analysts say, including standard term limits but also potentially some burnout from increased industry competition, more pressure to pay high performers and satisfy partners, and higher scrutiny from all corners, especially in the wake of the pandemic, political upheaval and a massive shift to remote work.