A national survey of lateral legal transition released Monday found that 53 percent of partners who left law firms had been there fewer than six years.
ALM Legal Intelligence released the study, “Up or Out: When Partners Have to Go,” that also revealed a chasm between how partners and firms viewed the split. Among partners, 93 percent said they made the decision to leave, while firms reported 55 percent of departures were voluntary.
Among other survey findings:
77 percent of partners who were pushed out reported hearing about their performance problems for the first time when asked to leave.
Only one in ten partners asked to leave got help from the firm to transition to another job.
- 62 percent of the time, lawyers found their newest position through their personal network, compared with those who got their next job through a headhunter 31 percent of the time.
The ALM survey was sponsored by the professional development firm SJL Shannon.