Thought For The Day

“To get the full value of joy you must have someone to divide it with.”

Mark Twain

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A Primer for Lawyer/Moms: Just Out and a Must Have

I first met Lori Mihalich-Levin soon after her first baby was born and when she was in the overwhelmed-by-baby-and-the-thought-of-returning-to-work stage.   Our lunches were enjoyable but a bit somber.  She was struggling, and I wanted to help her.

Lori and I had been connected by a mutual friend at Georgetown Law.  Although there were many years between my years at the law school and Lori’s, we had a lot in common.  Returning to law practice after not just one, but two, babies had been difficult for me, and now that was happening to Lori.  It is hard to know what to say because law practice has its own set of rules.  Nothing is easy there — especially for women.

In time, Lori figured it all out, as I knew she would.  Lori’s overwhelmed stage morphed into the wisdom-and-I-can-do-anything stage, as with so many women who experience it.  But, Lori did not stop there.  She wrote down her thoughts and developed programs to pass on to others the benefit of all she had painstakingly learned.  Lori is the exception.  First she started a “Mindful Return” program, and then she wrote a book.   In her spare time, of course!

You can read all about Lori, her book and her projects in this article in the Washington Post.  It captures all of the profiles of the book, which is made richer by myriad contributions from experts in the many fields that combine to capture a daunting experience.  Honestly, nothing in my life prepared me for the first time I had to drive away from my baby — not to the grocery store, not to the post office, and certainly not to the  law office.  It is in a league of its own for creating doubt and fear and longing.

But, that “baby” of mine is now a woman lawyer, too.  Children survive and thrive, and so do Mommy Lawyers.  But, it never hurts to have a little help from a friend.

Lori is that friend.  Get the book!

 

Career Counselors, Law Firm Managers, Law School Educators, Law Students, Lifestyle, Practice Advice, Young Lawyer | Comment

Thought For The Day

“Never mistake activity for achievement.”

John R. Wooden

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Thought For The Day

“Beauty is being the best possible version of yourself.”

Audrey Hepburn

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Solutions for the Low Retention Rates for Law Firm Associates

 

The subject of the low retention rates for women lawyers, as published recently on Law.com, was addressed in last week’s blog.  What?  You did not read the last blog?   Shame, shame.  I write them so that you will read them and have a “leg up” in making career decisions.  Fortunately, former blogs are so easy to find on my web site.  But to help you out, here is the link to that blog.  I understand how busy you are.

The solutions offered by the Law.com article focus on the needs to run law firms more like traditional businesses to eliminate some of the administrative tasks for junior lawyers, the use of fixed fee billing arrangements to increase the exposure that junior lawyers will have to higher value projects, an increased use of technology, and clear paths to partnership and metrics-based evaluations systems in making partnership decisions.

Those are all good thoughts, and some of them might work.  However, I like to focus more directly on the causes for the high attrition in finding solutions to improve associate retention, which, of course, includes retention of women lawyers.

  • More training and mentoring for associates.  Although lack of associate training and mentoring has traditionally been a problem, it is even more true today when newbie lawyers come into law firms and are tasked with administrative jobs that require them to be stuck to computers for ten hours a day and bear little resemblance to what they envisioned as practicing law.  The focus is on billable hours, for both associates and partners, and most senior lawyers are not taking much time out to train young lawyers and mentor them.  For young lawyers, who grew up on team efforts, it is hard to feel like a member of a team under those circumstances.  They crave mentoring and feedback on their work and, when they get little of either, they get discouraged and wonder whether they made the right choice of law firm or even of career.  The answer, of course, is to provide the training and the mentoring that will keep the talent around.  Either the training and mentorship must be provided by firm lawyers or the firm is going to have to bring in consultants to take over those responsibilities.  That will mean making a choice to pay those consultants or give “credit” to lawyers who undertake those responsibilities at the firm, and both can be sticky wickets unless the critical need for training and mentorship is understood.  But, it should be worth it to the firms — especially in the talent war for associates going on these days.
  •  Open up more clear pathways to the top.  This solution is related to PPP (profit per partner) that drives a lot of decisions in law firms.  PPP is determined by how many partners share the profit pie, and it is used by established ranking entities to rate law firms and to publish those ratings.  When profitability stagnates, as it has during the recent recession, and when equity partners are not retiring during these same challenging economic times, law firms are reluctant to make more equity partners to share in the pie.  As a result, the trend has been for law firms to make more classes of non-equity partners and to slow the path to equity partnership and/or to require larger books of business to make it through the equity partnership gate.  So, there are really only two solutions.  Either law firm partners are going to have to become less greedy to retain talent or law firm management is going to have to start forcing top partners out.  If those partners are big rainmakers, you can see that it becomes a real dilemma.  So, this one is not easy either.
  • Millennials will have to adjust some of their expectations.  Millennials have different expectations about the workplace than prior generations.  Some of those are very admirable — like the aversion to the workaholic lifestyle of lawyers and the desire for less toxic work environments.  Some of them, however, are not practical in the legal setting.  Yes, law is a business, but it is a business that is highly dependent on nuanced arguments and research that do not lend easily to the rapid responses of technology.  Some of it just takes a lot of tedious and hard work.  However, that work all does not have to be done at the office, and the movement today toward telecommuting for lawyers is a step in the right direction.  It allows for improved work-life balance, and, when done right, it also leaves adequate room for the face time at the office that is critical to issues of advancement.

One way or another, law firms are going to have to address these issues.  I have been focusing on most of these issues for a decade now through the Best Friends at the Bar project, and, admittedly, the solutions are not easy.  However, that is no reason not to put our shoulders to the wheel and find effective and lasting solutions.  The future of the profession depends on it.

 

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Thought For The Day

“We can find common ground only by moving to higher ground.”

Jim Wallis

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Thought For The Day

“We can learn to see each other and see ourselves in each other and recognize that human beings are more alike than we are unalike.”

Maya Angelou

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Why Women Lawyers Leave Firms: Astonishing New Statistics

Why do women lawyers leave?

I have been pondering, speaking about and writing about this issue for a decade.  It is fundamental that, before we can try to fix our profession with solutions like lateral hiring, mergers and expanding into new markets, we must delve deep into the roots of the attrition problems.

For years it was hard to get law firm management to talk about the high rates of attrition for women lawyers.  For many of those years, new law graduates were plentiful, and it was a buyers’ market.  That all changed with the Great Recession and the fall off in the number of students in law schools.  Now, there is a talent war for the best of the young lawyers, and it has shifted the focus more toward retention.  That is a good thing, but the reasons for the high attrition rates — for both male and female lawyers — are still not well understood.

So, I was very pleased to read “Top 3 Reasons for Associate Attrition and 3 Ways to Combat It” on Law.com recently.  The new statistics cited in that article and the assertion that the most expensive and surprising problem facing law firms today is not client retention or salaries but associate attrition is validation of so many of the programs that I have presented over the years to law firms and bar associations.  And, make no mistake, this “problem” is all about women lawyers — because women are at the tops of their law school graduation classes and often represent the best of the associate talent in the profession.  Losing that kind of talent can hurt a lot.

According to a report by Overflow Legal Network relied on in the article:

  • Almost 46 percent of associates leave their firm within the first three years, and 81 percent leave in the first five years; and
  • At a 400-person law firms, associate attrition can result in losses of over $25 million annually — not including the knowledge and client relationships that depart with departing associates.

Yes, you read that right.  $25 million.  That is an amazing and grim statistic, and it should grab the attention of every law firm manager.  These new statistics are consistent with a NALP survey that I have relied on for years, which found that 76 percent of women lawyers leave Big Law in the first five years, but that survey was about women associates and was explained by work-life issues associated with starting families.  However, this new statistic is not limited to women lawyers and it is not limited to Big Law.  Without those qualifiers, it is shocking and needs to be taken very seriously.

The causes for this high rate of attrition, as cited in the article, are:

  • Lack of associate training and mentoring;
  • Longer partnership tracks and requirements for larger books of business to protect the Profits Per Partner at the tops of firms; and
  • The expectations of members of the millennial generation regarding things like work-life balance, the role that technology should play in the work place, and clearly defined measures of success.

So, you say, what are the solutions?  You will have to stay tuned for next week’s blog to find out!

Career Counselors, Law Firm Managers, Law School Educators, Law Students, Lifestyle, Practice Advice, Pre-law, Young Lawyer | 1 Comment