Associate retention Archives - The BTI Consulting Group https://bticonsulting.com/tag/associate-retention Wed, 03 Apr 2024 19:47:19 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://bticonsulting.com/wp-content/uploads/2020/03/cropped-BTI_Logo_Favicon-32x32.png Associate retention Archives - The BTI Consulting Group https://bticonsulting.com/tag/associate-retention 32 32 Up, Out, Wait or Quit: Associates Weigh in on Staying and Leaving their Firms https://bticonsulting.com/themadclientist/up-out-wait-or-quit-associates-weigh-in-on-staying-and-leaving-their-firms Wed, 03 Apr 2024 19:46:35 +0000 https://bticonsulting.com/?p=38729 The post Up, Out, Wait or Quit: Associates Weigh in on Staying and Leaving their Firms appeared first on The BTI Consulting Group.

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Tantalizing, treacherous, business development fears and the Prize. This is how associates describe making partner. It’s a high-stakes game where the outcome is binary — make partner or face an undefined future.

A few firms are publicly downplaying junior associates’ importance. The reality is law firms need strong senior associates — and these come from junior associates. At the same time — the time to partner is getting longer. This creates an intriguing paradox where retaining talented associates is both critical and harder than ever.

Our latest survey of over 560 associates reveals insights into how many associates are on their way out the door and how many plan to stick it out:

  • 12.8% have one foot out the door

They are actively looking and taking the steps they need to either change firms or change paths.

  • 45.6% are leaning towards a departure

They haven’t fully made up their mind — but partnership is not shining bright.

  • 9.6% are leaning towards partnership

Their hesitation lies in concerns about work-life balance and not fully understanding what they would be getting into.

  • 32% are heading for partnership

They may not know the secret sauce to get there — but they are convinced they have it. They plan to be partners — it’s the only path they want to take.

Ease the Deepest Concern for Those Wanting Partnership

Nurture those associates you want to keep — the associates who want to make partner are deeply concerned about how they will deal with the business development responsibilities. Training them in the early stages makes them feel more engaged — alleviates their biggest concern — and boosts business development skills and culture throughout the firm.

Boost Retention — And Turn Future Alumni into Clients

Develop a placement program for associates who don’t want to stay. Help them find plum jobs with clients and other firms of a different size who can be referral sources. Carving out future alumni career paths is a proven business development tool — adopted long ago by Kirkland & Ellis. And almost all those thinking about a departure want to go in-house.

Knowing who’s leaving gives you an edge in planning, recruiting, and business development. It also helps retention. Associates appreciate the extra understanding and investment — they turn into associates you want to keep — and ones who end up not just staying — but thriving.

Best in the market ahead.

MBR

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]]> Women Associates Single Out 43 Firms Where They Have At Least 1 Partner Invested in Their Success https://bticonsulting.com/themadclientist/women-associates-single-out-43-firms-where-they-have-at-least-1-partner-invested-in-their-success Wed, 10 Aug 2022 13:55:56 +0000 https://bticonsulting.com/?p=32572 The post Women Associates Single Out 43 Firms Where They Have At Least 1 Partner Invested in Their Success appeared first on The BTI Consulting Group.

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In the rarest of activities, only 43 firms stand out for having at least one partner invested in an individual associate’s future and success. The opportunity for a woman associate to have top a sherpa  — who knows all the unspoken rules and hidden roadmaps — is invaluable in driving their success.

The 13 Best of the Best firms include:

Allens
Armstrong Teasdale
Baker Donelson
Debevoise & Plimpton
Faegre Drinker
Fenwick & West
Gunderson Dettmer
Hunton Andrews Kurth
Husch Blackwell
Katten
Milbank
Venable
Wilson Elser

 

Another 30 firms stand out as Leaders in bringing these attributes to the table more than other firms.

We list the ranking for all 43 firms where more partners are invested in women associates’ success than others in our newly released report BTI Associate Satisfaction A-Listers 2022: BTI Survey of Law Firms Where Associates are Happiest.

Use the report to learn the benefits and how you can adopt a compelling program where partners benefit as well.

Best in the market ahead.

MBR
The Mad Clientist

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]]> The 46 Law Firms Where Women Associates Say They are Extremely Well Paid https://bticonsulting.com/themadclientist/the-46-law-firms-where-women-associates-say-they-are-extremely-well-paid Tue, 09 Aug 2022 17:55:49 +0000 https://bticonsulting.com/?p=32568 The post The 46 Law Firms Where Women Associates Say They are Extremely Well Paid appeared first on The BTI Consulting Group.

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A mere 16% of women associates consider themselves well paid. 50% consider themselves extremely underpaid. And it’s not just the money — it’s a combination of the workload, the level of respect they receive, predictability, and more.

Women associates single out the 13 Best of the Best firms where they are well compensated:

Armstrong Teasdale
Baker Donelson
Choate
Debevoise & Plimpton
Faegre Drinker
Fenwick & West
Finnegan
Goldberg Segalla
Greenberg Traurig
Hunton Andrews Kurth
Milbank
Sullivan & Cromwell
Wilson Elser

 

Another 33 firms stand out as Leaders in bringing these attributes to the table more than other firms.

We list the associate ranking for all 46 firms in our newly released report BTI Associate Satisfaction A-Listers 2022: BTI Survey of Law Firms Where Associates are Happiest.

And you can learn how women associates evaluate their compensation beyond the money.

Best in the market ahead.

MBR
The Mad Clientist

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]]> The 78 Law Firms Cultivating the Highest Levels of Women Associates’ Job Satisfaction https://bticonsulting.com/themadclientist/the-78-law-firms-cultivating-the-highest-levels-of-women-associates-job-satisfaction Tue, 09 Aug 2022 13:55:37 +0000 https://bticonsulting.com/?p=32556 The post The 78 Law Firms Cultivating the Highest Levels of Women Associates’ Job Satisfaction appeared first on The BTI Consulting Group.

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As discussed last week, job satisfaction among women associates is 13.5 percentage points lower than men. 9 factors drive associate job satisfaction. These include people at the firm, feeling appreciated, and hybrid work policies. Women associates single out a total of 78 firms for delivering the highest levels of job satisfaction. 15 law firms stand out as Best of the Best:

Arnold & Porter
Baker Donelson
Constangy, Brooks, Smith & Prophete
Fenwick & West
Fisher Phillips
Greenberg Traurig
Hunton Andrews Kurth
Jones Day
Latham & Watkins
Milbank
Polsinelli
Skadden
Weil
Wilson Elser
Wilson Sonsini

 

Another 15 firms stand out as Leaders in bringing these core attributes to the table more than other firms. 48 law firms stand out as Distinguished — all of whom lead the pack of 650 other law firms.

We list the associate ranking for all 78 firms in our newly released report BTI Associate Satisfaction A-Listers 2022: BTI Survey of Law Firms Where Associates are Happiest.

Best in the market ahead.

MBR
The Mad Clientist

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]]> Women Associates Single Out the 86 Firms Providing the Best Opportunity to Grow Within the Firm https://bticonsulting.com/themadclientist/women-associates-single-out-the-86-firms-providing-the-best-opportunity-to-grow-within-the-firm Mon, 08 Aug 2022 17:55:06 +0000 https://bticonsulting.com/?p=32536 The post Women Associates Single Out the 86 Firms Providing the Best Opportunity to Grow Within the Firm appeared first on The BTI Consulting Group.

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Only 25% of women associates see a clear opportunity to grow within their firm. This opportunity is highly influential in the associate decision to stay or leave a firm. Almost every associate wants to grow — and they will find a place where they can.

Women associates single out 86 law firms defining this clear opportunity for growth within the firm. 10 law firms stand out as Best of the Best:

Baker Donelson
DLA Piper
Fenwick & West
Fisher Phillips
Greenberg Traurig
Jones Day
Littler
Milbank
Polsinelli
Wilson Elser

 

Another 28 firms stand out among women associates as Leaders in providing clear growth opportunities within the firm. 48 law firms stand out as exceptionally strong — all of whom lead the pack of 650 other law firms.

We list the associate ranking for all 86 firms in our newly released report BTI Associate Satisfaction A-Listers 2022: BTI Survey of Law Firms Where Associates are Happiest.

You can also learn how women associates recognize and look for the growth opportunity in their law firms.

Best in the market ahead.

MBR
The Mad Clientist

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]]> Women Associates Point to 84 Firms with Exceptionally Strong Mentoring https://bticonsulting.com/themadclientist/women-associates-point-to-84-firms-with-exceptionally-strong-mentoring Mon, 08 Aug 2022 13:55:37 +0000 https://bticonsulting.com/?p=32531 The post Women Associates Point to 84 Firms with Exceptionally Strong Mentoring appeared first on The BTI Consulting Group.

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Mentoring means something totally different to women associates than men. Women associates think more broadly. They want  practical advice in managing their career, pay gaps, parental leave, and more. This helps to explain why women associates rank the mentoring they receive 25.3% lower than men.

Women associates identify only 84 law firms able to deliver this unique mentoring. Please join me in congratulating the following 7 firms for earning Best of the Best:

Fenwick & West
Fisher Phillips
Greenberg Traurig
Hunton Andrews Kurth
Jones Day
Milbank
Wilson Elser

Another 21 firms stand out as offering substantially more than other firms and are Leaders. 56 law firms standout as Distinguished — all of whom lead the pack of 650 other law firms.

We list the associate ranking for all 84 firms in our newly released report BTI Associate Satisfaction A-Listers 2022: BTI Survey of Law Firms Where Associates are Happiest.

You can also gain insight into the unique mentoring expectations women associates bring to the firm.

Best in the market ahead.

MBR
The Mad Clientist

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]]> Law Firms Providing Women Associates with Access to the Training They Need to do Their Job Well https://bticonsulting.com/themadclientist/law-firms-providing-women-associates-with-access-to-the-training-they-need-to-do-their-job-well Fri, 05 Aug 2022 14:45:49 +0000 https://bticonsulting.com/?p=32520 The post Law Firms Providing Women Associates with Access to the Training They Need to do Their Job Well appeared first on The BTI Consulting Group.

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The training sitting at the top of women associate priority lists includes time management, advanced business development (closing business once they have a deep relationship on which to build), and lead generation strategies. This is different from men who want training in how to manage relationships with partners. The most common attribute is both groups are looking for training in soft skills.

Women point to 101 firms as better than all others in providing this training. Please join me in congratulating the following 11 firms as standing out as Best of the Best:

Another 23 firms standout as Leaders, offering substantially more than other firms. 67 law firms standout as Distinguished — all of whom lead the pack.

We list the associate ranking for all 101 firms in our newly released report BTI Associate Satisfaction A-Listers 2022: BTI Survey of Law Firms Where Associates are Happiest.

You can also learn the 14 areas where associates most want training — and the training women associates want, which differs from men. Please join me in congratulating the 101 firms associates names as better than all others.

Best in the market ahead.

MBR
The Mad Clientist

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]]> Women Associates Name 122 Law Firms as Best at Cultivating Women’s Highest Job Satisfaction https://bticonsulting.com/themadclientist/women-associates-name-122-law-firms-as-best-at-cultivating-womens-highest-job-satisfaction Thu, 04 Aug 2022 00:52:36 +0000 https://bticonsulting.com/?p=32513 The post Women Associates Name 122 Law Firms as Best at Cultivating Women’s Highest Job Satisfaction appeared first on The BTI Consulting Group.

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Women associate job satisfaction levels are 13.5 percentage points lower than men. Women are only 1/5 as interested in law firm brand when evaluating where to stay and go with their careers. 62% of women associates see limited or no commitment to helping them in their careers.

This explains why women associates rank only 122 (of the 650 firms trying to recruit them) law firms as best at cultivating their highest levels of job satisfaction. As we discussed last week, BTI’s brand new research reveals 8 key attributes driving superior associate satisfaction and retention. These include:

  • Commitment to helping associates in their career
  • Specific action to help develop a career path
  • Access to the training they need
  • Good mentoring
  • Optimism about growing within their firm
  • High levels of job satisfaction
  • Being well paid
  • Having at least one partner watching out for them

We rank and analyze the firms — and what they do — in our just-released report BTI Associate Satisfaction A-Listers 2022: BTI Survey of Law Firms Where Associates are Happiest.

Please join me in congratulating the following firms ranked as Best by women associates in the following 2 activities. We will be celebrating the Best of the Best in the remaining 6 activities over the next few days here at The MAD Clientist.

Their firm is committed to helping women associates in their career              

As noted above 62% of women associates see limited or no commitment to helping them in their careers, compared to 48% of men.

Commitment to helping women associates in their careers goes beyond legal prowess. Women associates want to see robust women’s initiatives, more commitment, resources, and more forward-looking guidance. Women associates identify a total of 97 firms — 9 of which are Best of the Best:

Another 88 firms enjoy exceptionally strong rankings as Leaders and Distinguished firms. This makes a total of 97 firms stand out in this all-important attribute.

Firm takes specific action to help me develop a career path   

Only 22% of women associates see robust and specific action to help them develop a career path.

Women associates are looking for formal, clearly delineated firmwide actions — designed specifically to meet women associates’ expectations and needs. A single program or initiative for all associates does not meet this need.

Please join me in congratulating all 80 firms noted by women associates for being the best at developing their career paths. The 7 Best of the Best firms are:

22 firms stand as leaders as they develop and improve their already strong initiatives. Women recognize another 51 law firms as better than most in helping to develop a career path.

You can learn how associates interpret each of the 8 core activities — and all of the 122 law firms who stand out as the best, leaders, and distinguished in each and every one. You also learn more than 24 immediately implementable strategies and tactics to boost not only satisfaction — but retention.

Learn more here in our just released report: BTI Associate Satisfaction A-Listers 2022: BTI Survey of Law Firms Where Associates are Happiest

To successful associate retention and satisfaction.

MBR
The Mad Clientist

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]]> Associates Point to 29 Law Firms Where They Are Well Paid https://bticonsulting.com/themadclientist/associates-point-to-29-law-firms-where-they-are-well-paid Wed, 03 Aug 2022 17:55:22 +0000 https://bticonsulting.com/?p=32477 The post Associates Point to 29 Law Firms Where They Are Well Paid appeared first on The BTI Consulting Group.

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Associates rely on a subjective formula to evaluate how well they are paid. This formula includes salary, bonus, competitive norms, hours of work expected, hybrid work policies, perceived control over working hours, treatment by partners, feedback, and the opportunity they see for themselves within the firm. Market rate salaries are minimum expectations.

29 law firms put together the winning comp combination to make associates feel better compensated than all others. We list the associate ranking for all 29 firms in our newly released report BTI Associate Satisfaction A-Listers 2022: BTI Survey of Law Firms Where Associates are Happiest.

Please join me in congratulating the following 8 firms associates rank as Best of the Best in being well compensated.

Baker Donelson
Choate
Debevoise & Plimpton
Faegre Drinker
Fenwick & West
Hunton Andrews Kurth
Katten
Milbank

Best in the market ahead.

MBR
The Mad Clientist

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]]> 62 Law Firms Are Home to More Associates with Extremely High Job Satisfaction Rates Than Others https://bticonsulting.com/themadclientist/62-law-firms-are-home-to-more-associates-with-extremely-high-job-satisfaction-rates-than-others Wed, 03 Aug 2022 14:55:16 +0000 https://bticonsulting.com/?p=32445 The post 62 Law Firms Are Home to More Associates with Extremely High Job Satisfaction Rates Than Others appeared first on The BTI Consulting Group.

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The payback for associates with high levels of job satisfaction is at its highest level ever. BTI defines the 8 activities associates value most in deriving peak job satisfaction at law firms.

Only 62 firms stand out for cultivating more associates rating themselves extremely satisfied in their job.  We list the associate ranking for all 62 firms in our newly released report BTI Associate Satisfaction A-Listers 2022: BTI Survey of Law Firms Where Associates are Happiest.

You can also learn how associates define the 8 activities driving the highest job satisfaction levels. Please join me in congratulating the following 9 firms associates rank Best of the Best in job satisfaction:

Faegre Drinker
Greenberg Traurig
Jones Day
Latham & Watkins
Milbank
Polsinelli
Skadden
Wilson Elser
Wilson Sonsini

Best in the market ahead.

MBR
The Mad Clientist

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