Attracting and Retaining Talent in a Post-recession Legal Profession
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Attracting and Retaining Talent in a Post-recession Legal Profession

Attracting and Retaining Talent in a Post-recession Legal Profession


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About the Book

If your top fee earner handed their notice in tomorrow how would it affect the revenues of your firm? Could you have done anything to prevent it? How will your Managing Partner react? If you feel that there is nothing that you can do to improve your talent retention practices then do not read any further. However, if you do feel that there are still areas that can be improved on then Managing Partner's report on Attracting and Retaining Talent in a Post-Recession Legal Profession can provide you with critical guidance in this area. Attracting and Retaining Talent in a Post-Recession Legal Profession provides an in-depth look into winning talent management strategies in the current legal market and how they can be implemented within your own firm to secure competitive advantage and long term profitability. Learn from some of the UK AZs most respected law firm leaders: oNeville Eisenberg, Managing Partner at Berwin Leighton Paisner reveals the firms innovative approach to leadership and talent management; oKevin Hogarth, Global HR Director at Freshfields Bruckhaus Deringer discusses the challenges of attracting and retaining talent in a global law firm; oIan Jeffery, Managing Partner at Lewis Silkin explains the firms response to economic uncertainty and how a flexible approach has led to greater internal engagement and commitment; oCaroline Rawes, UK HR Director at Linklaters describes the firm AZs strategy for retaining and engaging talented lawyers post-recession; and, oCharlie Keeling, HR Director at Field Fisher Waterhouse, explains how the need for new resourcing models in the legal profession will change the dynamics of talent management. You will also find case studies, examples and insights from Simmons & Simmons, Norton Rose, TLT Solicitors and more, along with expert commentary from leading legal talent management consultants on a range of critical topics including: oTurning the recession into a talent-management opportunity; oAttracting and retaining the best talent for your firm; oDeveloping and training lawyers for the future legal market; oEffectively managing talent in the changing legal landscape; oEngaging and motivating the modern lawyer and the rise of flexible working; oChanging client expectations and their impact on talent management in law firms; and more...Attracting and Retaining Talent in a Post-Recession Legal Profession provides the necessary tools to implement cutting edge talent management practices and the strategies to secure the best lawyers for your firm.

Table of Contents:
Part One: Attracting and Retaining Talent A C Best Practice Chapter 1: Attracting and retaining lawyers within a changing legal landscape...1 The impact of recession...2 The recessionary impact on clients...3 Recessionary impact on the partnership model...4 Chapter 2: Engaging the modern lawyer and the rise of flexible working...7 The impact of recession on workforce engagement...7 The other way...10 Flexible working, changing business models and the client factor...10 A changing mindset...11 The challenge for larger firms...13 A split in the legal market?...14 Optim Legal: Challenging the traditional partnership model ...15 Chapter 3: Talent management strategies...17 Career frameworks...19 Performance-related pay...20 Turning the recession into a talent-management opportunity...21 Chapter 4: The leadership and communication challenge...25 The leadership engagement challenge for law firms...26 Overcoming the hurdles...27 The HR role...28 The ongoing leadership challenge...29 Chapter 5: The road ahead...33 The changing legal model...33 The changing mindset of the younger generation...35 The current response of the legal profession...36 Part Two: Expert Analyses and Case Studies Expert analysis 1: Energise A C The shifting sands of law firm talent management...39 Factors affecting engagement in law...39 The law firm model...40 Impact of the downturn...40 Generational changes in values and beliefs...41 Definition of talent...42 Lawyer mindset...42 Predictions for the future...42 Expert analysis 2: First Counsel A C Insights from a legal recruiter...45 The impact of recession...45 The recovery...45 The road ahead...47 Case study 1: Field Fisher Waterhouse A C Translating business goals intopeople strategies...49 Developing new people strategies...49 The need for new resource models...50 Aligning talent management and development...51 Focused lateral hiring...52 Greater engagement...52 Living the values...53 Case study 2: Freshfields Bruckhaus Deringer A C The challenges of attracting andretaining talent in a global law firm...55 Case study 3: Lewis Silkin A C Flexibility equals engagement and commitment...59 Case study 4: Linklaters A C Retaining and engaging talented lawyers post-recession...65 What is the deal?...65 So how are we tackling this?...66 Case study 5: Norton Rose A C The innovative approach to cost cutting...69 Being flexible...69 Not an easy way out...70 Implications of the scheme...71 Case study 6: Simmons & Simmons A C Getting a head start on change...73 The Simmons & Simmons trainee MBA...73 Building firm-wide business skills...74 Changing structures...74 Managing change through coaching...75 Ensuring engagement...76 Case study 7: TLT LLP A C Opportunity knocks...77 The importance of investment...77 Implications for talent management...78 Engaging staff in the investment proposition...79 Aligning long-term strategies to rewards...79 The path to growth...79 Case study 8: Berwin Leighton Paisner A C Taking the road less travelled...81 Critical communication...81 (R)Lawyers on Demand AZ...82 Leadership and recovery...83

About the Author :
Caroline Poynton nton is a business journalist, with particular expertise in the legal sector. Before going into freelance journalism in July 2007, she was for six years editor of Managing Partner magazine, an Ark Group publication dedicated to senior management in the legal profession. Since working as a freelance journalist, she has written numerous features, as well as in-depth reports, not only on the legal profession, but also on corporate communications and business management generally. She has also worked as a freelance editor on publications including Ark Group AZs FD Legal and the KermaPartners Quarterly, a publication published by management consultancy KermaPartners. She has published several reports with Ark Group, including Business Continuity and Disaster Recovery for Law Firms (2008), Managing the Evolution of Libraries and Information Services (2008) and Delivering Business-Critical Knowledge Management (2009).


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Product Details
  • ISBN-13: 9781907787140
  • Publisher: Globe Law and Business Ltd
  • Publisher Imprint: Ark Group
  • No of Pages: 85
  • ISBN-10: 1907787143
  • Publisher Date: 29 Sep 2010
  • Binding: Paperback


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