Why Partners Leave Law Firms: It’s Usually Not About Compensation
The 2020 Lateral Partner Satisfaction Survey, released by legal search firm Major, Lindsey & Africa, reveals that the top reason for law firm partners to make lateral moves is lack of confidence in firm management and strategy.
“The next most-often cited reasons were a lack of support to build their practice (about 35%), dislike of their firm’s culture (about 31%) and compensation (about 31%). The lawyers were allowed to choose more than one factor,” reports the ABA Journal.
The survey also shows that many partners are making life-changing decisions with very little due diligence.
Read the ABA Journal‘s report.
