The co-managing partner of international law firm WilmerHale says that the investing in talent is crucial to the success of the business “because that’s what we sell to the marketplace.”
Bob Novick told The Washington Post that the firm is a “talent business, and that’s all we are,” but said that giving young lawyers real world professional experience was becoming harder as clients were reluctant to pay for lawyers with less than two years experience.
Meanwhile, a survey by specialist legal recruiter Robert Half reveals that two thirds of law firms say finding skilled talent it a challenge. A third of firms are expecting to increase headcount in the next 6 months and although many are only expecting to fill vacancies, none said they planned to reduce numbers.