https://www.law.com/2024/05/22/are-law-firms-headed-for-an-era-of-rapid-staff-turnover/
(Credit: VectorMine/Adobe Stock)NEWS
“Whether it’s due to redundancies, retirement or switching firms, support staff turnover seems to be fixed at a high rate for the foreseeable [future],” a recent report concluded.
May 22, 2024 at 10:30 AM
6 minute read
What You Need to Know
- Some lingering economic turbulence and dissatisfaction about office return policies could continue to accelerate nonbilling professional moves.
- One survey found 50% of firms believe the rate that support staff lateral moves have also increased over the last 12 months.
Lingering fallout from office attendance policies, as well as heightened demand for tech-savvy professionals, among other factors, may drive an uptick in support staff turnover in Big Law.
Analysts this month already pointed to the rise of artificial intelligence potentially reshaping the hierarchy of lawyers and business professionals. That follows a multiyear trend of nonbilling employees moving into and across firms from the business world to advance pricing and profitability analysis, or even enter the C-suite.
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