Nobody was planning for the pandemic, but everyone should be
planning for what comes next. For Canada's law firms, that
includes preparing for a potential rush to the exits.
As we head into a "one dose summer," and what promises
to be a fully vaccinated fall, research suggests that more
employees than ever may be looking for a fresh start. According to
a recent survey1:
- 52% of North American respondents say they plan to look for a
new job in 2021 – up from one-third in 2020.
- 46% feel less connected to their company than before the
pandemic.
- 42% say their company's culture has diminished over the
past 15 months.
THE COST OF LOSING TOP TALENT
The price of losing a law firm's top performer is
significant. It includes opportunity costs (future business based
on relationships), the expenses to recruit new talent and the
strain placed on those left to pick up the slack.
