The sharp fall in associate attrition will cause major headaches for City deal teams, writes Suzanna Ring

“Why won’t they just go?!” says one partner, privately articulating a topic on the minds of many running deal teams in the City. The topic, of course, is associate attrition. This is always a tricky balancing act for law firms trying to manage the pyramid of associates up to partnership. Too much, as often happens as a result of good times, is a problem – but so is too little.