Thriving in a Multi-Generational Law Firm: How to Increase Communication and Collaboration Among Lawyers

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Thriving in a Multi-Generational Law Firm: How to Increase Communication and Collaboration Among Lawyers

Thriving in a Multi-Generational Law Firm: How to Increase Communication and Collaboration Among Lawyers

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I think that all the stories that he’s told me about what he’s done has really influenced me because it’s really interesting- the people he meets, the cases he has, it’s sparked an interest,” said Sydney. This Special Report identifies the conflicts between the different generations currently working in law firms, which, if they continue on their current trajectory, will compromise the long-held traditions and culture within the legal profession.

Some firms are recognising that this needs to be included in their diversity and inclusion strategy, as much as any other protected characteristic under the EA 2010. This is one example of the general move by law firms to encourage people to bring their ‘whole’ or ‘authentic’ self to work.

If you’re creating your family’s fortune from the ground up, then it can take a lifetime to build the kind of estate that your successive generations might turn into a true fortune.

We also learned that more than half of all respondents, 51%, believed that multigenerational living would grow in popularity over the next decade. The usual form of home ownership in this country is that a single person or couple own the property as joint tenants or tenants in common. However, for an idealistic generation ready to make meaningful contributions early in their careers, these traditional firm motivators often fall flat.

Arriving at that point requires preparation, planning and effective implementation of management initiatives that acknowledge the needs of that generation and those following on behind.

Families are increasingly concerned about succession and preserving family wealth across multi-generations.I haven’t been in BPA that long, but for some of the events, they are law-based, so the combination of the two [law and business] is interesting to me,” said Sydney.

The end goal is a law firm where everyone, irrespective of generation, works together efficiently and harmoniously.But the idea is to grow it over time, using the money to build something, reinvest in the family business, create new enterprises, and continue to build upon the foundation of the past for a better future.



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