Elite N.Y. Firms Could Be Losing a Battle for Talent

Reuters published an article detailing a trend among elite New York firms: an increase in associate turnover. Reuters found that more than 270 associates have left the 10 most profitable New York firms this year alone, according to data from LinkedIn and lateral due diligence provider Decipher Investigative Intelligence.

Waller's Willard Younger and his wife both left New York firms to join Waller after visiting family in Tennessee last year. As Willard described, "We started evaluating, 'What are we really paying for in New York?'" he said. "With all the amenities gone, or closed off, it was definitely tougher to justify both of us working Big Law hours in a small apartment."

Many other associates have done the same, choosing to move to firms with a culture or geographic or industry footprint they prefer.

To learn more about this shift, read the full article from Reuters here.