FOCUS OF THE DAY: With high training costs, retaining the best newly qualifieds makes good business sense. But why are some firms considerably better at it than others? The retention and attrition model in law firms has functioned along much the same lines for decades: retain as many newly qualifieds (NQs) as the market needs; maintain the pyramid by hiring laterally along with some strategic managing out; and hope that the best of the bunch stick around to make partner.. Full story - The Lawyer
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