“4 Ways to Increase Associate Retention Through Better Training Engagement”
Turnover at the top 400 law firms costs about $9.1 billion every year.¹ Retaining associates is crucial for law firms to remain competitive in this challenging environment. But how do firms accomplish this? Download this guide and learn four ways for your firm to increase associate retention through better training engagement.
There’s no doubt that running a law firm today is incredibly difficult. Turnover, especially, is a challenge that law firms too often face. According to JD Match and Right Profile, the approximate cost to a firm is $400k to $800k each time an attorney leaves the firm. But the costs of associate turnover aren’t just financial. High turnover rates damage associate morale and your firm’s reputation, as well as divert valuable time and resources to backfilling positions.
By implementing a smart and effective training strategy, law firms can provide associates with the development they crave.
Download this guide to learn:
4 ways your firm can improve associate retention
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Common reasons why attorneys leave a firm
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How to develop associates and nurture deep relationships
¹ https://www.attorneyatwork.com/confronting-lawyer-turnover-in-law-firms/
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