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

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Millennials, Gen Xers and Boomers share many common values, but differ in how they prioritize, express and act upon those values. Without an appreciation of the challenge generational diversity brings to the legal sector, firms will continue to struggle.

I firmly believe that, over the next five to 10 years, the thriving law firms will be those that understand and embrace the Millennial mindset. It is imperative for law firms to take advantage of this eagerness and ramp up their efforts to mentor and train young attorneys.

What happens if the arrangement doesn’t work out and one or other party wants to sell their interest in the property?

One direct consequence of its devastation has been the growing desire of many families to review their financial affairs, ensuring they are fit for purpose, with appropriate succession plans in place that can be implemented in case of death.The right of Pamela DeNeuve and John Grimley to be identified as the authors of this work has been asserted by them in accordance with sections 77 and 78 of the Copyright, Designs and Patents Act 1988. However, for an idealistic generation ready to make meaningful contributions early in their careers, these traditional firm motivators often fall flat. The speed, surprise and severity of the coronavirus pandemic has caused untold hurt, hardship and loss for many. Time must be taken to discuss what is important to a particular individual/ family today, tomorrow and for future generations.