(Credit: TSUNG-LIN WU/Adobe Stock) A 'Sweatshop'? Lawyers Detest Law Firm Cultures That Emphasize Profitability
"Profit-mindedness" was identified as the top law firm culture trait that inspires lawyers' negative feelings toward their firms.
January 23, 2024 at 03:39 PM
5 minute read
Law Firm Profitability
The original version of this story was published on The American Lawyer
What You Need to Know
- Nearly 40% of respondents identified 'profit-mindedness' as one of the top traits that inspires negative feelings toward their firm, according to a new survey.
- The traits that inspired their most positive feelings included 'high priority on client service' and 'high quality performance expectations,' among others.
- Major Lindsey's Ronald Wood said the survey was an attempt to pin down exactly what culture means to lawyers at law firms.
Some law firms will likely try to expand profits at all costs this year, particularly if they saw modest growth in 2023. But they do so at their own risk, as "profit-mindedness" remains the most commonly identified negative aspect of law firm culture, according to results of a new survey.
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