Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
By Marcie Borgal Shunk
Glaring statistics about associate retention, dismal track records with lateral hires and the revolving door of C-suite professionals shine a harsh light on Big Law workplaces. In high-stakes environments, harbingers of attrition may be lurking in even the most welcoming cultures. Gallup studies attribute most variability in engagement to “middle managers.” Within law firms, this suggests partners may hold the key to transforming their firms into sought-after opportunities with staying power.
Yet not all partners have the skills they need to take on the role of people management and development (let alone the mandate or predisposition). Traditional models of lawyer development — apprenticeship or osmosis (a.k.a. sheer proximity will result in growth) simply didn’t account for teaching how to motivate or develop others. Nor did they place the burden on partners, but instead encouraged the most ambitious of associates to forge their own path.
Times have changed. Structural, generational and workplace trends are redefining the professional development landscape. There is a new model emerging — one which recognizes the value of human skills in client development and talent retention and acknowledges the firm’s responsibility in helping budding lawyers build these skills. Yet today’s partners, raised by wolves (OK, perhaps not quite that dramatic), typically have notable gaps in the areas most needed today. One area, in particular, few get the training they need to be most effective in leadership.
|
Leadership skills are emerging as the lynchpin to engagement, development and retention. Leadership skills include the ability to motivate a team, spearhead an initiative, manage conflict, create enthusiasm for a firmwide strategy, demonstrate the courage to make difficult decisions, and more. All of these abilities have the power to ignite transformational shifts in law firm workplaces.
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
In June 2024, the First Department decided Huguenot LLC v. Megalith Capital Group Fund I, L.P., which resolved a question of liability for a group of condominium apartment buyers and in so doing, touched on a wide range of issues about how contracts can obligate purchasers of real property.
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Latham & Watkins helped the largest U.S. commercial real estate research company prevail in a breach-of-contract dispute in District of Columbia federal court.
Practical strategies to explore doing business with friends and social contacts in a way that respects relationships and maximizes opportunities.