How to Retain Millennials
Associate turnover at law firms can be as high as 25% annually. Not only is this an expensive proposition for law firms, but it damages client relationships and takes time and money to recruit, hire and integrate new attorneys into the firm. So what can be done?
Firm leadership is being more strategic about what motivates and inspires millennial lawyers and we’ve got the scoop!
1) We’ve heard over and over that Millennials want to feel supported, engaged, be allowed to develop skills, connect with mentors and receive meaningful feedback on a regular basis; all things that most law firms fall short on for one reason or another. So what’s the answer? Create a firm culture that not only meets these criteria, but a firm that creates a community of connectedness between associates, partners and staff. Some firms are creating separate “chill” rooms, gathering areas, and special events to promote this type of culture.
2) Millennials want to make a difference; so what not have a group of associates, partners and staff geared toward meaningful pro bono work? Not only are you doing good for others, but your associates are feeling good about the practice of law and guess what else? By doing pro-bono with others in the firm your creating the firm community as well. Check check!
3) Now for supporting, mentoring and training. Senior partners; listen up. We know you’re busy, we know you’re billing and trying to get new business, but remember when you were just starting out? Take the time to mentor your associates. How? Bring them to court with you, have them sit in on client meetings, have them come out on a new pitch. If you don’t want to be bothered, ask a junior partner to do it. This will offer huge rewards right back at you!
4) If COVID-19 has taught us anything, it’s that we can work in flexible spaces, have flexible hours and still bill on our files. I’ve been told from some of my clients that the flexible work schedule has really transformed some partners’ practices. They are spending less time commuting and fussing to get out the door and are getting down to work. If this is how some millennials prefer to work; so be it! We must be flexible and understand their needs.
5) Finally, but most importantly, we know that the practice of law is demanding, but everyone has personal lives as well. Associates and partner alike are more productive and happier when they are able to work efficiently while managing their personal lives. The firm’s that understand this are reaping the rewards, and ones that don’t, well, will be left in the dust!
We have extensive experience in onboarding and integrating attorneys into law firms. We’d love to help your attorneys get acclimated and have a long happy career at your firm!
