2023 Legal Sector Leasing Trends (May 2023)

ASSOCI ATES VALUE BALANCE & FLEX I BI L I TY

KEY TAKEAWAYS

› Not surprisingly, associates place high value on their compensation. This is consistently number 1 year after year. › Work-life balance has also regularly been near the top. In 2020—just prior to the work-from-home boom—associates rated it third. › Flexibility, however, has grown in importance, moving from sixth to third place over the past three years. › Mentoring has dropped down the list, which may be due to the reduction in mentoring and information training that younger associates have experienced with the increase of remote work.

The importance of flexibility and autonomy over both where and when associates work has grown since the onset of the pandemic

Associates: How important are the following to you personally?

Collegial work environment Remote working flexibility Flexible work schedule Work/life balance Compensation

A private office Business development opportunities Mentoring by a senior attorney Exposure to clients Making partner

1 = Most Important

2 = 2nd Most Important

3 = 3rd Most Important

*This data comes from surveys of hundreds of law firm associates. Analysis of these responses will be included—alongside law firm leadership survey responses—in the 2023 Bright Insight report, to be published in June 2023.

Cushman & Wakefield | Legal Sector Advisory Group

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