The legal sector labour market is experiencing the same demographic squeeze as other intellectual capital sectors – and this trend is set to worsen. In addition, employee attrition in some firms is unacceptably high at 20%-25%.
The typical response from firms is to acquire external candidates to fill the most critical jobs and try to convince current employees to stay through more money or increased perks. These retention measures often represent isolated initiatives rather than a co-ordinated strategy, which can exacerbate the situation rather than improve it.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
