Firm Culture and Attorney Turnover

Legal professional liability insurance underwriters look at the rate of attorney turnover at firms they are considering underwriting because a higher than normal rate of turnover, particularly at the associate level, can be a sign of trouble. It suggests that something has gone wrong internally. Ineffective management or the complete lack of management might be the problem. Excessively high overhead, personality mismatches, or internal politics could also be to blame. Regardless, if attorney turnover seems to be a regular event at your firm you should be concerned as well. Not only can this lead to an increased risk of a malpractice claim, but the cost in terms of unrecoverable expenses associated with failed hires, credibility with clients, the harm resulting from the internal friction that often accompanies poor hiring decisions, and the time spent on hiring and training replacement attorneys can be significant.

by Mark Bassingthwaighte

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