Study: Culture, Not Cash, Key to Lawyer Retention - Articles

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Posted by: Stacey Shrader Joslin on Apr 22, 2022

A new study from Georgetown Law and the Thomson Reuters Institute shows that law firm culture is among the top reasons lawyers stick with their firms. Despite a nationwide rise in salaries, lawyers put compensation behind growth opportunities, positive relationships with co-workers and quality work when asked what would keep them from leaving their firm. According to Reuters, researchers looked at a cross section of more than 160 mid-sized firms and the highest-grossing U.S. law firms. The analysis also included a survey of 900 law firm associates. Compensation barely made the top five reasons, according to the report.