Nathan Peart, managing director of the Associate Practice Group at Major, Lindsey & Africa, analyses associate retention
The race to recruit and fill multiple vacancies in 2021 was a surprise to all after the first year of the pandemic. Law firms were busy across several practice areas and keen to attract the brightest and best lawyers into firms. However, after the rush of hiring, increase in salaries and sign-on bonuses paid out with guarantee periods long expired, how are firms keeping their new and existing lawyers, while balancing the tightrope between transparency and remaining competitive in the market?
