Friday, May 19, 2017

Are Millennials Interested in Making Partner?

The results of a recent survey may surprise you. Making partner is high on the millennial list. From the Indiana Lawyer:

According to a study recently released by Major Lindsey & Africa and Above the Law, roughly 44 percent of millennial law firm attorneys surveyed said they hope to someday make partner, either at the firm they’re currently with or at another firm. That result came as a surprise to Major Lindsey & Africa partners who, like many older attorneys, bought into the assumption that the law’s youngest employees were exploring options off the traditional partner track.

Ru Bhatt, managing director of Major Lindsey & Africa’s Associate Practice Group, said the perception in recent years has been that millennials pursuing a career in the law prefer to become in-house counsel, a position that is often desirable because of its more flexible hours.

But according to the survey, just 18.75 percent of respondents indicated they saw themselves working as in-house counsel 10 years down the road, compared to the 43.64 percent who want to make partner. . . .

While members of the baby boom generation were more inclined to take a job at a firm out of law school and stay with the firm for the span of their career, the results of the survey show roughly one-quarter of millennial associates intend to work at their current firm for two years or less. That number rises to one-third when discussing junior associates.

You can read more here.


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