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
Law Firm Management
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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Davis Polk & Wardwell partners Mari Grace and Edmund Polubinski III have entered appearances for Australia-based Bitcoin-mining company Iris Energy and other defendants in a pending securities class action. The action, filed Oct. 7 in New York Eastern District Court by the Rosen Law Firm, contends that the defendants concealed the inadequacy of the company's site in Childress County, Texas, including it being 'ill-equipped' and unable to operate the company's proprietary design. The case, assigned to U.S. District Judge Peggy Kuo, is 1:24-cv-07046, Williams-Israel v. Iris Energy Limited et al.
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