While the war for talent will continue, the dynamics and
strategies employed by law firms will evolve in synch with the
changing landscape.
Initially, several factors led to the "talent war"
that firms perpetrated on themselves. These factors included (in no
particular order):
COVID Happened:
- 2020 and 2021 were exceptionally financially successful years
(a combination of client demand and lower costs due to Covid);
Over-hiring ensued, just like every other industry in North
America;
- The changing expectations of young lawyers; and
- The departure of senior lawyers during early Covid in response
to weariness, remote working, the realization that they could
financially, etc.;
