The following is an excerpt from Gene Commander’s December article in Colorado Lawyer. The article highlights the pressing need for law firms of all sizes to invest in new talent development strategies that will allow them to attract, develop, reward, and retain productive and affordable talent. The article in full can be read here.
There is an urgent need for improved professional development programs in law firms nationwide. Professional development – meaning systematic efforts to instill legal competencies, business acumen, and an owner’s mentality in junior lawyers – is essential to attracting and retaining the talent that will enable law firms to thrive. This article explains how existing professional development programs have fallen short, why these deficiencies will hobble law firms as they confront a shrinking and shifting talent pool, and how firms can implement more effective talent strategies that will position them for sustainable financial and professional success.