Apparently more and more young lawyers are deciding against the pursuit of partnership at big law firms. According to this Wall Street Journal article:
According to an NALP Foundation study unveiled last year that looked at law firms for the three years from 2002 through 2004, nearly 60% of all entry-level associates at firms with more than 500 lawyers had left their firms by the end of their fourth years. For firms of all sizes, it was 62%, a record since NALP began tracking it nearly 10 years ago.
Those numbers are fairly impressive; especially when you think about the time and money spent by law firms on new associates. As a recent law firm to solo lawyer, I can definitely relate to some of the points raised in the article.