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Regardless of how the practice of law changes in the future, law firms will always need energy, experience, skill, and wisdom. Forward-thinking law firms realize that hiring and supporting bright young lawyers is a critical component of ensuring that the firm does not run out of energy and fall into decline. A strong attorney development program can further secure long-term success.
These programs can be beneficial to both the associate and the firm. Firms that develop their leaders now will be better positioned to handle challenges in the future.
Developing an effective program needs planning and partner support. PerformLaw's presentation reviews the essential components of an effective program including:
- Evaluation and feedback
- Practice planning
- Compensation
- Advanced criteria
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The costs of training and mentoring are a valid concern for law firms, especially given that clients typically do not cover such expenses. While clients do not oppose hiring young talent, they expect to see tangible value before paying for these developmental costs. Therefore, forward-thinking firms must adapt their strategic plans and financial structures to accommodate the integration of bright new legal minds.
By investing in the training and mentorship of young lawyers, firms can cultivate a dynamic and skilled workforce that will ultimately benefit both the firm and its clients.
If you are a law firm partner or manager and would like to talk about developing your firm's attorney development program, please submit your information for us to contact you to discuss the possibilities at no cost to you.