Leaking Talent a 'Growing Threat' to Law Firms | The American Lawyer - The American Lawyer

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What You Need to Know

• Analysts say finding and infusing enough young talent into firms is a rising concern in Big Law.
• Demand continues to outpace supply.
• Young lawyers are getting burned out, and surveys indicate it's harder to keep them around with money.

The talent crunch has triggered alarm bells about law firms’ long-term viability, as epic workloads and existential upheaval continue to rain on a generation that’s less interested in the traditional benefits of Big Law life.

Despite salary increases, creative bonuses and more flexibility than ever, industry observers say firms still aren’t finding enough, investing in enough or folding in enough young attorneys to office leadership, causing concern they’ll burn out or find greener pastures in other industries.

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source: https://www.law.com/americanlawyer/2021/10/04/leaking-talent-a-growing-threat-to-law-firms/

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