Credit:freshidea/Adobe Stock; As Partnerships Evolve, Law Firms See Ongoing Partner Training as Recruiting and Retention Tool
"You must have very clear objectives," observed strategy consultant Deborah Farone. "If you're producing a training session without knowing exactly what you want to get out of it, you're setting yourself up for failure."
October 17, 2024 at 05:00 AM
6 minute read
What You Need to Know
- Latham & Watkins, Foley & Lardner and Sheppard Mullin all have programs in place to train partners.
- Firms are comparing the costs of investment in partner training, with the costs of lawyer exits and higher attrition.
- A bad training not only wastes time but can seed thoughts of doubt on the value of taking time away from billing.
Law firm training doesn't stop at the associate ranks anymore. Now more than ever, firms are investing in ongoing partner training, such as lessons on business development, billing, ethics, and associate team management.
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