Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
The generation gap is nothing new. In a pattern as old as time, the successor generation has always viewed its forebears as stodgy and unduly authoritarian, while the 'old folks' have tended to view the energy and impulsiveness of youth with suspicion, if not derision. It now appears, however, as if the accelerated rate of social change has also wrought profound and fundamental changes in how members of different generations relate, collaborate (or don't), and communicate (or not). Not only are we not in Kansas, Toto, there may not even be a Kansas once today's emerging young leaders take the controls.
In the lingo of the social scientists, folks born between 1925 and 1945 are often called the 'matures,' 'traditionalists,' 'builders,' 'seniors,' or 'veterans.' They comprise about 20% of the U.S. population but less than 10% of practicing lawyers. They are in or entering their emeritus years, and to young lawyers they embody 'the old days.' The 'boomers' born during the baby boom of 1946 to 1964 make up about 30% of the U.S. population and a little under half of today's lawyers. Their careers are now peaking, and a lot of them will be retiring in the next decade. They drive the power structure of most firms, and although they think of themselves as more individualistic, more optimistic, and more committed to personal integrity than their predecessors, younger associates tend to view them as defenders of the power structure and status quo.
The Gen-X'ers, originally labeled the 'slackers,' were born between 1965 and 1979 and now sometimes are called the 'busters' or the 'e-generation.' They presently represent about 25% of this country's population, but almost half of its lawyers. Temperamentally they are probably not all that different from the boomers, except that they tend to be more skeptical of authority, less self-centered, and more inclusive and collaborative. The Gen-Y'ers, born after 1980, are sometimes called the 'nexters,' 'whys,' or 'echoes.' The youngest subset of the Gen-Y'ers, the 'millenials,' is becoming a dominant force in reshaping how our society buys, sells, learns, and works. Their worldview is so different from the boomers that many wonder if productive communication will be possible once the younger Y'ers (the Kaiser Family Foundation has dubbed them 'Generation M,' and soon they will be going to law school) come of age. 'They revere youth and change, and our age and experience are of little practical use to them,' says one senior partner in her 60s. 'I suspect that like Inuits, when their time comes they will simply put their elders outside the igloo to freeze. In fact, it's getting chilly already.'
Some social researchers claim differences among generations are illusory, and that every generation becomes more conservative and more resistant to change as it ages. Others, myself included, see generational differences ' particularly between the X'ers and Y'ers ' as very pronounced and very fundamental.
The Consequences
The consequence for the legal profession? As consultants who focus on trying to build better communication, collaboration, and cohesiveness among lawyers, we at Altman Weil, Inc. are convinced that the complaints and styles of young lawyers are not just old rants with a new vocabulary. Fundamental attitude shifts are occurring, and older lawyers dismiss them at their economic and even career peril. Soon four generations with distinctly different values and motivations will be jockeying throughout a legal profession whose face has already altered dramatically in the last several decades, from profession to business; from collegial to ardently, rampantly competitive.
In law firms, the 'old days' of conformity, lock step loyalty, and unquestioning commitment are gone forever, so these values can't be held up as ideals for young lawyers anymore. The successor generation does not want to become like the predecessor generations, and traditional motivations ' particularly partnership and money ' are less important to them than before.
One reason many law firms and legal departments are experiencing retention problems is the belief of young associates and staff attorneys that they are viewed as fungible economic commodities, rather than as individuals with unique needs and incentives. Increasingly, they are abandoning traditional notions of commitment and loyalty; they are determined to control their own destinies rather than march to the lock step conventions of traditional law firm career paths. They do not feel grateful to be starting at $140,000; they do not necessarily feel honored to partake of their firm's august traditions. They also see themselves as the levers of an emerging 'free agent economy' in the legal profession, the beneficiaries of a 'talent vacuum' that is bound to occur when you and the rest of the boomers head out to pasture. The stabilizing effects of deference and collegiality are being shaken by a new mantra: WIIFM. That means, 'What's in it for me?'
Generational Differences Are Significant
In terms of how best to socialize, manage, and motivate younger lawyers, generational differences really are significant. Traditionalists, for example, were taught to be respectful of authority. The boomers learned to pay their dues to the power structure, deferring to authority until they were positioned to assume it, thereafter becoming increasingly authoritarian and parental in their tone. The X'ers have never been impressed by others' authority; autonomy is the order of their day. Ironically, Y'ers, who tend to have lived more structured and supervised childhoods than prior generations, crave strong leadership and management ' even to the point of trusting authority figures rather blindly and indiscriminately ' but they seem to have difficulty relating to their superiors.
Equally relevant, different generations' perspectives on social and technological change differ widely. For the senior set, almost any social or operational change is seen as threatening, destabilizing, and something to be resisted. The more optimistic boomers are convinced that they can manage and control change to their benefit. Change has been a constant in X'ers' lives, so they have few illusions about stability and permanence: If nothing has changed in the last hour, it's just about to. X'ers therefore tend to crave immediate results and gratification and to structure their work into a series of ad hoc alliances and enterprises. To borrow Woody Allen's Annie Hall line, for them the shark must keep swimming or it will die. For Y'ers, change is an invisible environmental parameter, like water to fish. For them, coping with the rate of change has become a motivational end in and of itself. Accordingly, Gen Y'ers are resolute stimulation-seekers with relatively shorter attention spans than their elders. Patience is not their long suit.
Similarly, seniors distrust and gripe about technology, the boomers find it useful, the X'ers can't operate without it, and the Y'ers have it so hard-wired into their consciousness that it truly is an integral dimension of their operational DNA. Seniors berate those who shift their focus frequently as 'undisciplined.' Boomers stress out when compelled to multi-task too much or too long. Gen X'ers are more experienced at handling multiple tasks better, but they claim to crave simpler, more balanced lives. Gen Y'ers assume that multi-tasking is the fundamental order of nature; it's the only reality they have ever known. As a result, they tend to multi-task incessantly, even when they feel as if their ability to process and perform is being overborne by a bombardment of diverse, high-speed inputs and demands.
Conclusion
To manage today's younger-generations lawyers effectively, law firm and law department managers must relate to them as individuals, validate their self-interest, and communicate with them candidly and realistically. Young lawyers watch partners actively marketing their 'portables' in the open market and weekly see entire practice groups shift from firm to firm, so they're not receptive to speeches about unquestioning loyalty. The older they get, the more they want and need to know about their firm's operations and finances, their prospects for partnership and advancement, and how they're stacking up in the unspoken internecine competition with their peers and colleagues. They can get a lot of this information from articles in professional magazines (many of which are not any more flattering than your upward evaluation). Alternatively, the firm or the leaders of their legal department can make the time to talk to them, get to know them, and try to custom-tailor their growth within the firm. In terms of morale and retention, the 'personal touch' really can make all the difference in the world.
Douglas B. Richardson is an adjunct consultant with Altman Weil, Inc., working out of the firm's offices in Newtown Square, PA. He focuses his practice on leadership and professional development in law firms. He may be contacted at [email protected].
The generation gap is nothing new. In a pattern as old as time, the successor generation has always viewed its forebears as stodgy and unduly authoritarian, while the 'old folks' have tended to view the energy and impulsiveness of youth with suspicion, if not derision. It now appears, however, as if the accelerated rate of social change has also wrought profound and fundamental changes in how members of different generations relate, collaborate (or don't), and communicate (or not). Not only are we not in Kansas, Toto, there may not even be a Kansas once today's emerging young leaders take the controls.
In the lingo of the social scientists, folks born between 1925 and 1945 are often called the 'matures,' 'traditionalists,' 'builders,' 'seniors,' or 'veterans.' They comprise about 20% of the U.S. population but less than 10% of practicing lawyers. They are in or entering their emeritus years, and to young lawyers they embody 'the old days.' The 'boomers' born during the baby boom of 1946 to 1964 make up about 30% of the U.S. population and a little under half of today's lawyers. Their careers are now peaking, and a lot of them will be retiring in the next decade. They drive the power structure of most firms, and although they think of themselves as more individualistic, more optimistic, and more committed to personal integrity than their predecessors, younger associates tend to view them as defenders of the power structure and status quo.
The Gen-X'ers, originally labeled the 'slackers,' were born between 1965 and 1979 and now sometimes are called the 'busters' or the 'e-generation.' They presently represent about 25% of this country's population, but almost half of its lawyers. Temperamentally they are probably not all that different from the boomers, except that they tend to be more skeptical of authority, less self-centered, and more inclusive and collaborative. The Gen-Y'ers, born after 1980, are sometimes called the 'nexters,' 'whys,' or 'echoes.' The youngest subset of the Gen-Y'ers, the 'millenials,' is becoming a dominant force in reshaping how our society buys, sells, learns, and works. Their worldview is so different from the boomers that many wonder if productive communication will be possible once the younger Y'ers (the Kaiser Family Foundation has dubbed them 'Generation M,' and soon they will be going to law school) come of age. 'They revere youth and change, and our age and experience are of little practical use to them,' says one senior partner in her 60s. 'I suspect that like Inuits, when their time comes they will simply put their elders outside the igloo to freeze. In fact, it's getting chilly already.'
Some social researchers claim differences among generations are illusory, and that every generation becomes more conservative and more resistant to change as it ages. Others, myself included, see generational differences ' particularly between the X'ers and Y'ers ' as very pronounced and very fundamental.
The Consequences
The consequence for the legal profession? As consultants who focus on trying to build better communication, collaboration, and cohesiveness among lawyers, we at Altman Weil, Inc. are convinced that the complaints and styles of young lawyers are not just old rants with a new vocabulary. Fundamental attitude shifts are occurring, and older lawyers dismiss them at their economic and even career peril. Soon four generations with distinctly different values and motivations will be jockeying throughout a legal profession whose face has already altered dramatically in the last several decades, from profession to business; from collegial to ardently, rampantly competitive.
In law firms, the 'old days' of conformity, lock step loyalty, and unquestioning commitment are gone forever, so these values can't be held up as ideals for young lawyers anymore. The successor generation does not want to become like the predecessor generations, and traditional motivations ' particularly partnership and money ' are less important to them than before.
One reason many law firms and legal departments are experiencing retention problems is the belief of young associates and staff attorneys that they are viewed as fungible economic commodities, rather than as individuals with unique needs and incentives. Increasingly, they are abandoning traditional notions of commitment and loyalty; they are determined to control their own destinies rather than march to the lock step conventions of traditional law firm career paths. They do not feel grateful to be starting at $140,000; they do not necessarily feel honored to partake of their firm's august traditions. They also see themselves as the levers of an emerging 'free agent economy' in the legal profession, the beneficiaries of a 'talent vacuum' that is bound to occur when you and the rest of the boomers head out to pasture. The stabilizing effects of deference and collegiality are being shaken by a new mantra: WIIFM. That means, 'What's in it for me?'
Generational Differences Are Significant
In terms of how best to socialize, manage, and motivate younger lawyers, generational differences really are significant. Traditionalists, for example, were taught to be respectful of authority. The boomers learned to pay their dues to the power structure, deferring to authority until they were positioned to assume it, thereafter becoming increasingly authoritarian and parental in their tone. The X'ers have never been impressed by others' authority; autonomy is the order of their day. Ironically, Y'ers, who tend to have lived more structured and supervised childhoods than prior generations, crave strong leadership and management ' even to the point of trusting authority figures rather blindly and indiscriminately ' but they seem to have difficulty relating to their superiors.
Equally relevant, different generations' perspectives on social and technological change differ widely. For the senior set, almost any social or operational change is seen as threatening, destabilizing, and something to be resisted. The more optimistic boomers are convinced that they can manage and control change to their benefit. Change has been a constant in X'ers' lives, so they have few illusions about stability and permanence: If nothing has changed in the last hour, it's just about to. X'ers therefore tend to crave immediate results and gratification and to structure their work into a series of ad hoc alliances and enterprises. To borrow Woody Allen's Annie Hall line, for them the shark must keep swimming or it will die. For Y'ers, change is an invisible environmental parameter, like water to fish. For them, coping with the rate of change has become a motivational end in and of itself. Accordingly, Gen Y'ers are resolute stimulation-seekers with relatively shorter attention spans than their elders. Patience is not their long suit.
Similarly, seniors distrust and gripe about technology, the boomers find it useful, the X'ers can't operate without it, and the Y'ers have it so hard-wired into their consciousness that it truly is an integral dimension of their operational DNA. Seniors berate those who shift their focus frequently as 'undisciplined.' Boomers stress out when compelled to multi-task too much or too long. Gen X'ers are more experienced at handling multiple tasks better, but they claim to crave simpler, more balanced lives. Gen Y'ers assume that multi-tasking is the fundamental order of nature; it's the only reality they have ever known. As a result, they tend to multi-task incessantly, even when they feel as if their ability to process and perform is being overborne by a bombardment of diverse, high-speed inputs and demands.
Conclusion
To manage today's younger-generations lawyers effectively, law firm and law department managers must relate to them as individuals, validate their self-interest, and communicate with them candidly and realistically. Young lawyers watch partners actively marketing their 'portables' in the open market and weekly see entire practice groups shift from firm to firm, so they're not receptive to speeches about unquestioning loyalty. The older they get, the more they want and need to know about their firm's operations and finances, their prospects for partnership and advancement, and how they're stacking up in the unspoken internecine competition with their peers and colleagues. They can get a lot of this information from articles in professional magazines (many of which are not any more flattering than your upward evaluation). Alternatively, the firm or the leaders of their legal department can make the time to talk to them, get to know them, and try to custom-tailor their growth within the firm. In terms of morale and retention, the 'personal touch' really can make all the difference in the world.
Douglas B. Richardson is an adjunct consultant with Altman Weil, Inc., working out of the firm's offices in Newtown Square, PA. He focuses his practice on leadership and professional development in law firms. He may be contacted at [email protected].
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
End of year collections are crucial for law firms because they allow them to maximize their revenue for the year, impacting profitability, partner distributions and bonus calculations by ensuring outstanding invoices are paid before the year closes, which is especially important for meeting financial targets and managing cash flow throughout the firm.
Law firms and companies in the professional services space must recognize that clients are conducting extensive online research before making contact. Prospective buyers are no longer waiting for meetings with partners or business development professionals to understand the firm's offerings. Instead, they are seeking out information on their own, and they want to do it quickly and efficiently.
Through a balanced approach that combines incentives with accountability, firms can navigate the complexities of returning to the office while maintaining productivity and morale.
The paradigm of legal administrative support within law firms has undergone a remarkable transformation over the last decade. But this begs the question: are the changes to administrative support successful, and do law firms feel they are sufficiently prepared to meet future business needs?
Counsel should include in its analysis of a case the taxability of the anticipated and sought after damages as the tax effect could be substantial.