Law firms aren’t just fighting for talented lawyers. A duel for talented nonattorney staff members—from secretaries and litigation support professionals to financial analysts and strategic C-suite leaders—is also a top concern, according to firm leaders and legal industry observers.
A recent survey of law firm business professionals pegged “staff poaching” as the second-highest threat to firm profitability, amid talent-related risks such as lawyer recruiting and associate salary increases. Those concerns have become especially top-of-mind this year due to skyrocketing demand in the legal industry as well as unprecedented levels of turnover across the labor market.
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