May
24
Partnership snub sparks mass counsel walkout at Shearman
May 24, 2007 |
Julia Berris at The Lawyer reports that US firm Shearman & Sterling is struggling with an exodus that has seen nine counsel quit the firm since it introduced the role to reward associates who do not make partner.
A former partner at the firm told The Lawyer that, with partner opportunities at the London office being few and far between, discontent is rife, encouraging many counsel to seek partner opportunities elsewhere.
Of the 15 associates promoted to counsel, nine have left since 2004 and all nine have become partners at other firms.
Is this becoming a trend in the market
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