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Could you benefit from knowing how to engage the millennial generation and invest in their loyalty towards your firm?
As the baby boomers near retirement, Gen Y (those born between 1980 and 2000) and also known as the millennial generation, are now starting to lead themselves.
What's more, by 2020 this generation will make up 50% of the world's workforce. This is a staggering statistic. This essentially means that your firm's future lies in your ability to attract and retain lawyers from this vast pool of talent, right now.
Could you be doing more?
Millennials have been labelled 'entitled', 'work adverse' and 'disloyal' by older generations for their tendency to rate work-life balance over financial compensation, and job mobility over staying on the partner track. A recent report by The Law Society has even concluded that millennial mobility is an emerging risk, and employers will be challenged to hang on to young legal talent.
But law firms must embrace the goals, ambitions and expectations of the millennial generation or risk losing valuable talent to the competition. With greater responsibility resting on heads of departments, law firm leaders must consciously and proactively develop team cohesion. And this means recognising and adapting to generational differences.
Uncover the motivating factors of Gen Y
Recruiting, Managing and Retaining the Millennial Lawyer is a guide that will help you recruit and retain the very best legal talent from the millennial generation. It contains a number of articles from lawyers and experts and is designed to examine the motivating factors of this new generation of lawyers and outlines how firms can adapt accordingly.