Will it come to this: As now-newbie Millennials gain power in law firms, will they force out many of the leaders aka old guard?
In Law.com, Roy Strom documents the disconnect between how Millennials see the law firm and how current leadership does.
The most telling gap is in the perception of the existence of channels to present ideas for change. In a survey, Millennials gave that a 2.5 on a scale of 5. The old guard gave it a 4.2. Looks like they are employed in two very different law firms.
Yet only the fresh models for how to do business is going to keep BigLaw rolling in this era of changing client attitudes, high churn, entrance of non-law firm players like PwC, online competition (LegalZoom has migrated into B2B), and artificial intelligence. Also the media, including articles like Ronan Farrow's bashing brandname lawyers like David Boies, could trigger a revolution in that business niche.
If the members of law firm leadership are wise, they will look at themselves through the perspectives of Millennials.
Meanwhile, for partners already being encouraged to leave, here is my most recent book on bypassing ageism on the way to find well-paying work Download Outwitting ageism
Contact Jane Genova email@example.com.