WHAT DO MID LEVEL ASSOCIATES WANT?©
When Freud asked "What do women want?" he really
meant that he had no idea what women want and he was at a loss to explain their
bewildering behavior. Freud didnt have the advantage of the plethora of data
available to todays law firm. Associates are telling us what they want. Is anyone
listening?
Last month, The American Lawyer printed the results
of its annual associate survey. For those of you who dont subscribe to the magazine,
you can obtain copies of the survey directly from The American Lawyer by e-mail: info@amlaw.com
The survey is full of information on the levels of job
satisfaction among third and fourth year associates at mid size, large and extra-large
firms, what causes dissatisfaction and why they leave. As usual, the survey ranks firms by
their combined scores on responses to questions submitted to associates and publishes the
material in a format that is easily obtainable by every lawyer in America.
The existence of this type of information is relatively
new. When we were young associates, obtaining data on the relative strengths and
weaknesses of law firms as perceived by our peers was, at best, a hit and miss process
that relied upon the perspicacity of our colleagues. No more. Now the data is accumulated,
tabulated, digested, printed and promoted for the world to consume. This world, of course,
includes law students, recruits, lateral hires, lateral partners, merger candidates and
clients. What others perceive about your practice really does matter to your retention
rate.
Like many other large surveys weve reported from time
to time, this one reflects comments from over 3,000 associates. Mid level associates were
asked questions about their firms such as the treatment they received from partners, the
level of interesting work, training and guidance, atmosphere, management openness,
emphasis on billables, attitudes toward pro bono, whether information is adequately shared
about "making partner," and the all important question, whether they expected to
stay for two years.
The interesting thing about the questions asked in the
survey is that most law firms we talk to do not make any effort to emphasize these
criteria in their hiring or training of associates. Nor do they attempt to train partners
or even to gain a consensus of what the partners attitudes might be, for example,
toward pro bono work. How do these ideas and attitudes get communicated? What about
"guidance?" What does that mean? Or "openness?" How does one measure
that?
The final question, whether associates expected to stay two
years more with the firm, is a shocking one to many partners. In larger firms it sometimes
takes two years just to meet the new associate, let alone develop a relationship with him
that would encourage him to stay with the firm.
The American Lawyer survey reflects what all such
efforts reflect: law practices must try harder. Law practices must do more. Law practices
are a mature business careening over the resultant path down the other side of the hill
unless changes are made. Quickly.
Weve written before about the changing composition of
law firms, the declining population, the explosion of alternative work environments for
lawyers and the need for innovation in retention efforts. Weve written about the
cost of denial, the failure rate of non-responsiveness and the declining morality of the
young (just kidding about that last one).
In 1998, for the first time in 20 years, the number of law
school graduates declined. Law school applications and enrollments are down, and many who
graduate from law school dont plan to practice law. Legal work is exploding and
lateral hires are the norm.
Last month we mentioned the newest NALP Foundation report, Perceptions
of Partnership, and we told you that many young associates view law firm partnership
as undesirable or unattainable. Now, The American Lawyer survey tells us that firms
have a very narrow window of opportunity to convince associates to stay with the practice.
Formal policies and procedures are guidelines that set
forth the overall business philosophy of an organization. Yours should certainly be
reviewed and revised to reflect current market trends and lawyer needs. Although such
policies may get lawyers in the door, you cant rely on them to encourage lawyer
retention. To retain lawyers, you need to walk your talk with a personal, hands on
approach that encourages emotional engagement with your enterprise.
Reliance on support personnel and formal communications to
convey "management openness," and "attitudes toward pro bono," is
predestined to fail at lawyer retention. A good and strong mentor can obviate almost all
of an associates concerns and can explain the legitimate business reasons for the
others in a way that will make associates want to make their careers with your practices.
Lawyers must see that your environment is "lawyer friendly" to believe it.
Mark Your
Calendars
Please join us at the following
PeopleWealth speaking engagements scheduled for 2000:
ALA May 8
NALP April 15
PuritanBenent June 14
Florida Bar June 21
ABA July 6
If you would like further information
about PeopleWealth or our services, please contact our office or e-mail us: info@peoplewealth.com
©PeopleWealth November 1999 |