We asked the lawyers in our survey to indicate what would encourage them to stay longer in their current firms. Perhaps unsurprisingly increased income was the single, most common response with just over 16% indicating that this would be likely to make them stay. 84% however indicated that other factors would lead them to stay longer:
- Receiving more recognition for my work (the most important feature for 14% of respondents)
- Having more challenging work to do (12%)
- More opportunities for business development (10%)
- More autonomy over my time and workload (10%)
- Greater variety in my work (8%)
- Better work/life balance (8%)
- More opportunities for flexible working (8%)**
Providing appropriate interventions which develop and foster these intrinsic rewards positively impacts retention rates. To be appropriate they should not only be effective (i.e. lead to retention) but also cost beneficial. That is, the amount of the turnover saving should be greater than the cost of the retention programme.
For case study details regarding our work and the consistent, positive outcomes we achieve in this area, do get in touch.
Our Law Careers Survey will be published in full later in the year. If you would like a copy of the report when published, please sign up below.
- Opportunities to raise my profile (6%)
- Doing less business development (4%)
- Work for a more prestigious firm (4%)