Talent is the single most valued asset within a law firm. And, the role and influence of talent in law firms is on the rise. From the talent wars of 2021, to the persistence of the hybrid work model, to layoffs in 2023 and ever-climbing salary burdens, talent is at the forefront of discussion in legal circles (and beyond). How law firms engage with, respond to and anticipate changing talent needs has the power to transform the legal landscape and dictate which firms come out ahead.
Combining insights from macro-trends in organizations worldwide with critical shifts within the legal industry, five prevailing trends promise to impact the legal workplace in 2024.