Corporate
law
departments
are
in
for
“an
attrition
wave,”
according
to
a
new
Axiom
report
flagged
by
Law360.
The
2024
In-House
Survey
Report,
based
on
a
survey
of
300
in-house
counsel,
says
that
70%
of
lawyers
believe
that
to
advance
their
career
they
will
have
to
change
employers.
And
58%
are
already
actively
looking
for
or
open
to
a
new
job.
According
to
the
study,
increasing
job
dissatisfaction,
stress,
and
lack
of
engagement
are
fueling
attrition.
More
than
half
of
lawyers
surveyed
(54%)
reported
low
job
satisfaction.
In
addition,
97%
reported
experiencing
stress
and
burnout,
81%
said
their
departments
lack
the
necessary
staffing
resources
to
do
their
jobs
effectively,
and
96%
said
they
find
aspects
of
their
work
unengaging.
“To
retain
in-house
talent,”
the
report
suggests,
“companies
must
strike
a
harmonious
balance
between
meeting
their
staff’s
career
aspirations
and
overcoming
the
persistent
resourcing
hurdles
they
face.”
Do
Most
In-House
Attys
‘Have
One
Foot
Out
the
Door’?
[Law360
Pulse]
2024
In-House
Counsel
Survey
Report
–
Legal
All-Stars
Are
Eying
the
Exit
[Axiom]