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Case Study : Legal Services
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Background
& Aims
With
some 2000 staff including 650 lawyers and 200 partners our client has
been consistently ranked inside the top 10 law firms for Merger &
Acquisitions and corporate finance transactions. There is a clear commitment from
the senior partners to develop and retain their best people to
deliver solid results for their clients and to serve the communities
that surround them.
The
company recognised that hiring the best carries with it the risk of
‘poaching’, particularly with an easily transferable
skill base and rival firms operating in close proximity, especially
in London. The most talented
lawyers are constantly being offered opportunities with other firms,
often for a higher salary.
While a certain degree of flux is expected and even desired
for newly qualified lawyers this transient nature of senior managers
was making identification and retention of future partners very
difficult.
It was
recognised that mere salary alone will never secure the best
employees and the organisation needed a development programme that
was unique within the legal profession. This programme had to develop the
managerial and leadership skills of its current group of managers and
prepare them as future partners.
Allied to this, the course needed to strength the commitment
of these lawyers to the firm, reduce the risk of poaching from other
law firms and have the key potential succession candidates recognise
their value to the firm.
Solution
Reivers
Development examined the firm’s structure and the sector within
which it operates. We found
that lawyers operate functionally according to their specialisation
i.e. in a tax department, intellectual property department etc. Although this benefits the firm by
allowing individuals to share best practice on an aspect of law it
generates its own problems.
When
working on major projects or developing a relationship with larger
clients teams need to be drawn from different disciplines. Typically these teams do not
operate together on a daily basis; they are formed as and when required,
usually from different departments and often in different locations.
From
this research Reivers Development has devised a 3-year development
programme for key managers identified as future partners, and
ultimately senior partners.
This programme includes:
·
Psychometric profiling including 16pf,
Belbin & Blanchard
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Leadership training programme over
3-years to include:
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Situational & inspirational
leadership (year one)
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Performance management (year two)
·
Innovative & creative problem
solving across teams (year three)
·
Residential programmes to be held
annually
Follow
up and specific development programmes tailored for individual
delegates needs.
As
part of the firm’s internal legal training, lawyers are often
seconded or promoted to other offices or departments and to ensure
this does not hinder each delegate’s development plan, a member
of the Reivers team has been allocated as mentor to follow the career
of specific lawyers. Not only
does this provide continuity of training it promotes improved and
effective cross-functional office teams; building the knowledge and
contacts these lawyers will need as they progress in their career.
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