How to Combat Attrition as Talent Becomes More Mobile
The current fierce competition for legal talent has made it more challenging than ever to hold onto great employees. It's a struggle both law firms…
October 18, 2021 at 01:40 PM
2 minute read
Law Department Management
The current fierce competition for legal talent has made it more challenging than ever to hold onto great employees. It's a struggle both law firms and legal departments are experiencing.
It's a phenomenon noticed by all four lawyers on a panel at ALM's Women Influence & Power in Law conference, discussing how the pandemic has affected their leadership style. The three in-house leaders and a law firm partner made clear that good talent cannot be taken for granted, and even if a leader does everything right, valuable team members still may leave.
"Yes, people are moving around but people are also speaking up," Laura Schiesl Vega, associate general counsel and director at IT provider Insight, said. "We have to be people in the room speaking up."
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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