With partnership no longer guaranteed, law firms are going to have to think differently about this generation, if a report from London Business School is to be believed. The good news, according to GladwinLaw is that younger lawyers put a premium on early responsibility, a collaborative culture, genuine career development opportunities and a good work-life balance. According to the blog: ‘Traditionalists might suggest wages, prestige and a high-quality of work, and no doubt all have an impact, but there is substantial evidence to say that younger lawyers put a premium on early responsibility, a collaborative culture, genuine career development opportunities and a good work-life balance. Whilst there has been a definite shift in the market towards a more meritocratic system of advancement and remuneration, it is apparent that many law firms are still far better equipped to offer the former incentives than they are the latter. ‘ Sources: GladwinLaw; London Business School
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