Tuesday, August 08, 2006
Money Isn't Everything: Bigger Salaries Are Not the Solution to Law Firm Attrition
Flexibility, work-life balance, and professional development are the keys to retention and what the new generation of lawyers is seeking. In PAR's view, if firms are looking for workhorses for a couple of years, then go ahead and raise salaries. Mission completed. If the goal, however, is to recruit and retain the talent in which the firm has heavily invested, then part of the equation must be the development of viable balanced hours programs that allow attorneys to have lives outside the office and maybe even some time to spend some of their six-figure incomes.
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