Less than a year ago the partners at Sullivan & Cromwell acknowledged that problems that it was bleeding associates. A 74-page PowerPoint presentation entitled “Recruiting, Associate Morale and Retention” showed that associates were leaving the law firm in droves: S&C lost 31% of its associates in 2004; 30% in 2005.
Faced with a surge in turnover of its associates, the prestigious law firm Sullivan & Cromwell LLP has been putting on a charm offensive to hold onto junior lawyers. The crash course in etiquette went into high gear at a partners meeting last February. To deal with low associate morale and high attrition, a confidential […]