Develop a multipronged approach to understand why lawyers stay or depart and refine lateral retention programs, ensuring the firm navigates the competitive legal landscape successfully.
Conduct regular 360 reviews throughout the lateral partner's first and second years, followed by bi-annual reviews, incorporating empathy and soliciting feedback for enhanced effectiveness.
Invest in personal development, focus on organizational culture emphasizing meaning and purpose, and provide mentorship initiatives to retain talent and create a strong community within the firm.
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