If you are in the legal industry, you know the massive turnover rate that many firms are experiencing, due mainly to the national recession. However, survey data is showing that even lawyers that survive firm layoffs are still struggling mentally. The August issue of The American Lawyer reports that mid-level associates at the nation’s largest law firms remain anxious and frustrated, even as those who survived past layoffs worry about the next round and wonder whether they’ll have any work to do even if they remain employed. The Am Law 2009 Mid-Level Associate Survey, the most extensive job satisfaction survey for this group, reveals that 83 percent of respondents felt significant anxiety about losing their jobs, while 46 percent said they had seen a drop-off in their workload. Fifty-six percent of respondents said that their firm’s response to the recession had hurt associate morale, while many were also troubled by lack of financial transparency and mishandling of communications related to layoffs, pay cuts and furloughs. For survey results, including detailed A-Z ranking reports for all responding firms and video interviews, visit www.americanlawyer.com/associates.
For the second year in a row, Boston’s Nutter McClennen & Fish ranked number one overall on work satisfaction. Associates said that the firm’s size at just 150 lawyers allowed them to take more of a leadership role in their work. St. Louis’ Thompson Coburn ranked second overall, up from tenth place last year. Gibson, Dunn & Crutcher at fourth place overall was the highest-ranked Am Law 100 firm. White & Case dropped to last place in the 2009 overall rankings, while Winston & Strawn received this year’s lowest rating on the handling of layoffs and communications.
Columbus Ohio’s Vorys, Sater, Seymour and Pease rose in the overall survey ranks from 156th place to seventh this year—the biggest jump of any firm—by freezing legal fees without freezing associate pay, even though partners saw a 4.5 percent drop in their profits.
Since January 2008, Am Law 200 firms have laid off more than 2,900 lawyers. But despite their job anxiety, only 8 percent of respondents said they were actively looking for another job, and almost half said they expected to be at their current firms in five years. Seventy-three percent said they considered themselves to be on a partnership track.
To find out how third-, fourth-, and fifth-year associates rate their firms as workplaces, the annual midlevel survey examined 12 areas that contribute to job satisfaction. They include relations with partners and other associates, the interest and satisfaction level of the work, training and guidance, policy on billable hours, management’s openness about firm strategies and partnership chances, the firm’s attitude toward pro bono work, compensation and benefits, and the respondents’ inclination to stay at their firm for at least two more years. This year, almost 6,200 third-, fourth- and fifth-year associates from 165 firms responded to the expanded survey questionnaire, representing a 38 percent response rate.