Credit: VectorMine/Adobe Stock At 18%, Law Firm Associate Attrition Rate Continues 2-Year Decline
"Starting with the pandemic years we saw high levels of attrition, and we're starting to see those attrition levels start to revert to what we saw pre-pandemic," said Jennifer Mandery, vice president for research at the NALP Foundation.
April 10, 2024 at 04:06 PM
4 minute read
What You Need to Know
- The overall associate attrition rate of 18% in 2023 continued a decline of 2022's 20% and 2021's 26%.
- Lateral associate hires overtook entry-level hires in certain segments of the market.
- Researchers say the attrition rate for associates of color remained notably higher than their white counterparts at 24% versus 16%.
Associate attrition rates and hiring levels at law firms fell for the second year in a row in 2023, according to a recent report by the NALP Foundation.
In the last two years, associate attrition rates have gone down from 26% in 2021 to 20% in 2022 and 18% in 2023. Meanwhile, associate hiring, which continues to outpace pre-pandemic levels, has also decreased, with 5,236 hires, falling below the 6,786 tracked in 2022.
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