They Are On Board! Now What?!
Critical First-year Integration Activities That Ensure New Lateral Talent Retention
Integrating lateral hires into a law firm’s existing framework is a nuanced, multi-step process, which, if done right, enhances the firm’s capabilities and serves as a talent retention strategy.
Typically, a lot of work happens on the front end during the due diligence and onboarding stages. But once they are on board, often laterals are left to their own devices to figure out how to navigate the complexities of the new environment.
Unfortunately, industry surveys show that between 40% to 50% of lateral hires do not last 5 years at their new firms.
In this Forum, we’ll discuss key challenges and share ideas, strategies, and best practices for successful lateral integration post the initial onboarding.