First the bad news: nearly three-quarters of employees in midsize law firms say they’ve experienced stress or burnout in the past 12 months.
Now the good news: even so, a whopping 99 percent say they like “at least some aspects of their work.”
Also: 92 percent of midsize firms say staffing and resource shortages are creating problems in their offices.
Those findings come from the inaugural Midsize Law Firm Priorities Report 2023, conducted by the legal tech company ActionStep.
“[The] survey of lawyers, paralegals and administrative support professionals at midsized law firms finds that nearly three-quarters report feeling stress, burnout, or being overwhelmed in the past year,” writes LawSites founder Bob Ambrogi about the report. “Of the lawyers and paralegals who responded to the survey, the greatest sources of their stress are understaffing and client demands. For administrative support staff, the greatest sources of stress are team or cultural issues and lack of support from management. But even though many of these legal professionals are feeling stressed, they overwhelmingly agree that technology can help their firms adapt and is critical to the satisfaction of their firms’ clients. And, despite the stress, almost all professionals at midsized firms (99.6 percent) say they like at least some aspects of their work.”
Read the Midsize Law Firm Priorities Report 2023 here.
Your law practice has unique characteristics that identify it to the public and distinguish it from other firms. Are you maximizing those strengths? Are you blending all the disparate elements of your practice – experience, expertise, personnel, website, logo, font type, community involvement – into a clear, consistent and compelling law firm brand? Join us on March 29 at 12 noon CST for our one-hour CLE webinar Law Firm Branding: Practical Tips and Ethical Traps. You’ll learn the basics of branding, the relevant Rules of Professional Conduct on messaging, marketing and advertising, and best practices for compliance with the ADA and other laws. And you’ll learn how to clearly and concisely articulate who you are, what you do, and why you’re the right lawyer for the job. Yet another benefit of the Alta Pro Lawyers Risk Purchasing Group! Click here to register.
Takeaways from the Midsize Law Firm Priorities Report 2023
- The number one item on midsize firms’ to-do lists is growing revenue (47 percent), followed by managing the cost of doing business (35 percent) and recruiting and retaining talent (35 percent).
- Twenty-eight (28) percent of law firms said improving technology was their top priority.
- Fifty-five (55) percent said what they like best about their job is helping people solve problems, while 43 percent appreciated the opportunity to learn and evolve.
- Other things people at midsize firms like: being part of a team (43 percent); structure and logic of legal work (38 percent); working with a range of different types of clients (37 percent); work-life balance (35 percent); remuneration and other benefits (30 percent); professional opportunities for career progression (28 percent); working with inspiring legal industry leaders (26 percent); being part of a firm that advocates for my personal beliefs (25 percent); being part of a firm that advocates for equal access to justice.
- What legal professional dislike most about their jobs is too much time spent on routine, administrative tasks.
- Seventy-two (72) percent had experienced stress in the last year.
- Legal professionals who work remotely more than a quarter of their time were significantly less likely to report burnout and stress.
- “When asked about the specific causes of stress and burnout, the most common causes were understaffing and lack of resources and demands from clients,” writes Ambrogi. “The third most-common cause was what is often described as ‘platform fatigue’ – too many applications, tools or programs to manage effectively.”
Did you know that as a member of the Alta Pro Risk Purchasing Group, you are automatically entitled to a discount on Clio practice management software? Do you practice in Wisconsin, Texas, Minnesota, Ohio, Illinois, Indiana or Michigan? Is your professional liability coverage managed through Alta Pro? If so, start enjoying a wealth of benefits – in addition to Clio discounts – for your practice: free, cutting-edge CLE webinars featuring top experts tackling timely topics; the Pro Practice Playbook; the Pro Practice Blog; Reminger’s ProLink risk management assistance; Reminger’s Claim Repair Hotline; tax savings on health insurance; and access to the Risk Pro, who can help keep your firm safe and successful. Register here and start enjoying your Alta Pro RPG benefits.