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Friday, March 24, 2023

Insights in Action: CTOs facing challenges on return-to-office plans & associate retention | Thomson Reuters

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An examination of how associates’ attitudes on work-life balance may affect the future of law firms.

Two main aspects influence law firms’ strategies: how effectively their return-to-office planning progresses and how severe their worries about associate retention are. 40% of attorneys stated they had total freedom when they reported working, and 50% said they operate in a hybrid setting. According to additional research from the Thomson Reuters Institute, 46 percent of colleagues have now considered flight risks. According to Chartered Training Officers, law companies are working hard to protect their workers’ well-being and link them with colleagues in several ways (CTOs). CTOs suggested that law firm CEOs do the following to express gratitude for their staff.

Some legal firms have started emphasizing the need for associates to develop transferrable abilities, even admitting that associates are likely to change jobs over their careers. Rather than pushing colleagues to quit, this has increased their devotion to the company. CTOs consistently identified two critical obstacles in return-to-office planning and associate career development.

Source: https://www.thomsonreuters.com/en-us/posts/legal/insights-in-action-associate-retention/

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