The Power of Perspectives

The Canadian Bar Association

Aly Háji

Law firms

It makes no sense: Why law firms fail at retaining Millennials

By Aly Háji December 5, 2018 5 December 2018

It makes no sense: Why law firms fail at retaining Millennials

 

For the prospective associate, being recruited by a large law firm is an overwhelming process. You are invited to lavish cocktail parties and dinners at hitherto unknown, yet five-star-Yelp-reviewed, restaurants. You interact with the firm’s best lawyers who, in your mind at least, could be billing your biweekly salary in the duration of the evening.

Firms pour significant resources – financial, human and temporal – in attracting, selecting and recruiting the best talent to join the ranks of their associates.

In some ways, this makes sense. Firms treat new millennial lawyers as though they are assets in which to invest. What’s perplexing, however, is that law firms frequently fail to take the necessary steps to retain, and capture returns on those assets.

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