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.
Latham & Watkins, Foley & Lardner and Sheppard Mullin, among other firms, all point to the importance of their partner training programs, with each channeling significant time and resources into these efforts.
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Profits Surge Across Big Law Tiers, but Am Law 50 Segmentation Accelerates
4 minute read
Is It Time for Large UK Law Firms to Begin Taking Private Equity Investment?
7 minute read
Adding 'Credibility' to the Pitch: The Cross-Selling Work After Mergers, Office Openings
5 minute readLaw Firms Mentioned
Trending Stories
- 1Litigators of the Week: A $630M Antitrust Settlement for Automotive Software Vendors—$140M More Than Alleged Overcharges
- 2Litigator of the Week Runners-Up and Shout-Outs
- 3Linklaters Hires Four Partners From Patterson Belknap
- 4Law Firms Expand Scope of Immigration Expertise, Amid Blitz of Trump Orders
- 5Latest Boutique Combination in Florida Continues Am Law 200 Merger Activity
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
