From speaking withand what I have been reading here it seems like there is going to be a large exodus in the coming weeks. It seems like banks haven't really accounted for this with their summer hiring (for '22 FT). I am going to be a summer associate this year and it looks like offers at my firm were down YoY and I have heard much of the same across other banks.
What is the plan here? I know it is advantageous for them to have low headcount, but it seems like we are going to reach an inflection point where it is not a net positive for them in terms of the amount of output that can possibly happen with the headcount across groups. What are you hearing at your firms about it?