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YES
Firms, large and small, have all sorts of associate
retention and partnership development programs. Unfortunately they’re
not having the desired effect. An ABA study found that within eight
years of joining a firm, 79.8% of minority male associates, 86.2%
of minority female associates, and 77.2 of all associates, left
the firm. The economic reality is that the lack of a committed
mentor program is probably costing your firm a lot of money in
wasted recruiting and marketing dollars, and potential new business.
* Adapted from the following sources: New York Times, Wall Street
Journal, ABA Journal, National Law Journal, California Bar Journal,
New York Law Journal, Student Lawyer, JD Jungle, GPSolo.
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