Bankruptcy lawyers spike in a number of traits, from curiosity to empathy and logical decision-making, a new report on personality traits claims. M&A lawyers get comfort from risk and trusts and estate lawyers are not keen on teamwork and group problem solving. The report, 'Assessing Lawyer Traits & Finding a Fit for Success' also found that lawyers who topped the 'resilience, empathy, intiative and sociability' charts were more likely to exit law altogether than those with lower levels of the same traits.
Baby boomer lawyers v Gen X
The report also found that Baby Boomers - those who graduated between 1970 and 1989 - are more comfortable with group problem solving and are more extraverted than their younger colleagues, Gen X (1990-2009) and the Millennials (2010-2014). They were also more positive overall and were happiest of all with their careers.
Costly
The report also found that when lawyers leave a firm, it costs firms between $400,000 and $800,000 to find an experienced replacement. Mark Levin of Right Profile, a talent selection and data analytics company and co-author of the report, told Bloomberg that the costs involved included interviewing, vetting and paying headhunters in addition to 'the general disruption that occurs when someone leaves.' Source: The Daily Record
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