The Great Resignation: Is Your Law Firm at Risk?

The ‘pandemic years’ have been a time of seismic shifts and drastic change; of evolving priorities and expanding needs; of re-evaluating our purpose and questioning the status quo. But could anyone have predicted the mass exodus of employees from jobs up and down the country – or in fact, all over the world?

According to a Microsoft survey of more than 30,000 global workers, an overwhelming 41% were considering quitting or changing professions in 2021, while a study from HR software company Personio found that 38% of UK workers planned to quit in the next six months to a year

But what’s driving such disruptive change? And how is the great resignation impacting the law industry?


Following Dreams and Facing Realties


The pandemic changed things for everyone: health scares, economic uncertainty, lockdowns, losing loved ones, and the complete upheaval of societal norms combined to create lasting change. And for many, this change inevitably led to a shift in direction.

As priorities were slowly reworked, people decided to switch it up and pursue their dream jobs; others decreed that time spent with family was ultimately more important than any career. But for a sizeable segment of the global workforce, disillusionment can be traced to the top.

How employers treated their people during the pandemic will largely influence how much impact the great resignation has on their company. 

In workplaces that offered support (practical, emotional, mental), listened to people’s concerns, communicated consistently, avoided redundancies, upheld a culture of camaraderie, and carefully managed the return to work, employees are more likely to have remained loyal.

In workplaces that acted in the interests of profits above people, and failed to support their workforce during one of the most challenging periods in modern history, employees have begun to face the reality of their professional situation – and are acting accordingly. 


The Great Resignation and the Legal Industry


People have always cared about how they’re treated at work, but recent events have made us bolder. Workplace wellbeing is in greater focus than ever before, because people don’t want to waste precious time in a job that doesn’t see them valued.

So what impact is all of this having on an industry characterised by long hours, hard work, and faultless performance?

The professional services industry has historically stuck more stubbornly than most to the traditional working model. People are expected to be in the office every day, whilst also working overtime on the regular. But with the war for talent raging, and legal professionals poised to bid their jobs adieu if their needs aren’t met, change is largely unavoidable. At least for the firms that wish to remain competitive.

Those working in the legal industry are used to a high-stress, high-demand, long-hours culture – but the pandemic has shown people another way. Cutting the commute time and settling into working from home (and realising they can be just as efficient) has allowed those in the legal profession to better balance their personal and professional lives, in a way they perhaps never thought possible. 

This is a particularly busy time for the legal industry: law never sleeps; nor does it slow down when the world is in turmoil. Firms are reliant on the talents, and the loyalty, of their people. 

The need for a happy and engaged workforce then has never been greater.

Flexible working isn’t going anywhere. The demand for better employee wellbeing isn’t going anywhere. People’s dislike of a unnecessary daily commute isn’t going anywhere. But if their needs aren’t met, your people might be.


Futureproofing Your Law Firm


Organisations that prioritise employee wellbeing will be the most successful at weathering the storm of the great resignation. Fair pay, fair conditions, a decent work-life balance, and resources designed to support the specific concerns of your people will be crucial if you want to keep hold of your best workers.

Perhaps the greatest change for the legal industry will be embracing remote, or at the very least, hybrid working. But as well as the opportunities this offers to those working in the legal industry, employers also stand to benefit from a geographically expansive talent pool – because if you don’t push your people to be in the office every day, your new hire possibilities are endless.

Just be sure to hone your company culture into the most attractive prospect possible.

To find out more about how BetterSpace can help to create community across your remote workforce, book a free demo of our entirely customisable science-backed platform, or get in touch for the low-down on all things workplace wellbeing. 


ABOUT BETTERSPACE

BetterSpace is the employee wellbeing platform putting control where it belongs: in the hands of the individual employee. Our groundbreaking solution has been developed with medical and domain expertise and is aligned to our Six Pillars of Wellbeing. BetterSpace empowers your workforce to understand and fulfill their mental health needs. 

This approach has achieved engagement rates of 94%, compared to the average usage rate of 2-18% for Employee Assistance Programmes and 10-40% for points solutions.

Want to know more? Schedule a product demonstration with us today.

Workplace wellbeing insights