Highlight: Legal profession must embrace innovative approaches to talent retention

2022 Fast Firm New South Lawyers says that high salaries are not enough

Highlight: Legal profession must embrace innovative approaches to talent retention

As a firm that was recently lauded for its strong growth over 2021-2022, 2022 Fast Firm New South Lawyers believes that the Australian legal profession must “take innovative approaches to ensure talent recruitment and retention.”

“With the profession not spared from the post-Covid effects of The Great Resignation, high salaries are no longer sufficient to attract and retain staff”,  said Simon Semaan, who serves as both CFO and COO.

More than attractive compensation, employees need a culture to stay for.

“Firms must also work to provide a positive culture with flexible working, and support systems that minimise employee burnout,” Semaan explained.

New South Lawyers has highlighted strong employee value proposition as a key area of focus for the year as it looks to expand its talent base. The Sydney firm was launched in 2011, and has seen thrived in the legal industry, netting various accolades and awards.

Over FY2021-2022, the firm’s revenue soared by 60%, an achievement the firm credits in large part to its relationship building efforts with clients and the quality of its legal services.

Australasian Lawyer released the Fast Firms 2022 list last October.

 

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