The Expanding Role of Professional Development in Law Firms 2023
Your guide to elevating performance
Access exclusive insights about how the world’s largest law firms are ramping up investments in talent to support future growth, satisfy client demand and gain competitive advantage. The Expanding Role of Professional Development in Law Firms, a just-released report co-produced with ALM Intelligence spotlights 3 key findings. Download your complimentary copy today.
Professional development investment soars
In the war for talent, professional development comes out on top. 62% of firms increased their professional development spending with an average increase of 1-2 FTEs to teams at large firms.
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Heightened focus on building leadership skills for younger lawyers
Associates are getting more leadership programming earlier in their career. The average number of hours of leadership training is rising at the associate level, up 9.6 from 7.9 hours. Yet declining for partners, down 11.9 to 5.4.
Leadership programs remain largely ineffective
When asked about their current leadership programs' effectiveness professional development leaders gave a resounding "not enough". On a scale of 1 to 10, respondents rated training an average 4.6, a modest rise from 4.0 three years ago.
Our thank you
Thank you to the more than 50 professional development leaders and influencers who offered input into the design and development of this study, responded to our online survey or helped us analyze and present the data in the most effective way possible. We offered anonymity to all who responded in exchange for their candid feedback and insights. We will continue to respect this confidentiality.
A special note of appreciation goes to:
The Professional Development Consortium who honored us with the opportunity to share our preliminary insights and provided feedback and support
We welcome you to reach out to either of us directly with any input, thoughts or questions on the research.
Patrick Fuller, pfuller@alm.com
Marcie Borgal Shunk, mborgalshunk@thetiltinstitute.com