Important! June 12th, 2024 Webinar Attendees, please click here to complete our Survey or Verification Request Form.

Click Here

The Business Case for Boosting Wellness in Your Firm

Last update

at

by:

by:

Share

Print Friendly, PDF & Email
It's the best investment you can make.

Promoting wellness initiatives in your office isn’t just a good idea – it’s a smart business strategy.

Consider these statistics: lost productivity due to employee health problems costs US businesses more than $225 billion per year. A similar amount is lost because of alcohol and substance abuse. And the stats get grimmer when you look only at law firms. The 2016 ABA/Hazelden study found rates of substance abuse, depression and job stress are far higher in the legal industry than in the general population.

This isn’t just a health problem. It’s a financial problem too. Every time a burned-out or unhappy employee walks out the door, the firm loses money. In fact, the estimated loss from law firm turnover is $9 billion annually.

Given those numbers, implementing a wellness program in your firm should be a no-brainer.

“While it is true that it makes sense to invest in well-being simply because it is the right thing to do—and some have argued it is an ethical and professional responsibility imperative—it never hurts to have the dollar signs on your side as well,” writes lawyer Jonathan Beitner, a co-writer of the ABA’s Well-Being Pledge. “The good news is that the link between a healthy workforce and a healthy bottom line is becoming clearer and clearer.”

You’ll get the latest news and information on wellness when you have professional liability insurance coverage through Alta Pro Insurance. All insureds are automatically enrolled in the Alta Pro Lawyers RPG, where they get access to the Pro Practice Playbook, Reminger Hotline, free CLE webinars, discounts on CLIO practice management software and more. Here’s how to join.

Here are five pointers Jonathan Beitner suggests for starting a wellness initiative in your firm:

  1. Base your program on evidence. “Attorneys like arguments backed by strong evidence, and a growing body of research demonstrates the benefits of embracing well-being and supporting programming around topics like resilience, optimism, emotional intelligence and mindfulness,” he writes in Law Practice Today. “For a wealth of resources, studies, articles, and research on these and additional well-being topics, check out the ABA’s Well-Being Toolkit, the Report and Recommendations of the National Task Force on Lawyer Well-Being (especially the heavily cited footnotes and appendices), or your local Lawyers’ Assistance Program.”
  2. Reduce the stigma. A majority of law students believe if they seek help for a substance abuse or mental health problem, it will negatively impact their law school standing and career options.“ The best way to erase this stigma is by through personal contact with someone who has experienced – and overcome – similar issues.
  3. Make wellness a part of your diversity and inclusion plan. “De-emphasizing the expectation of alcohol at events is not just one tenet of the ABA’s Well-Being Pledge—it is also necessary to ensure an inclusive work environment,” writes Beitner.
  4. Make wellness a part of your attorney recruiting and development program. “Being able to communicate clearly and effectively is a critical part of being an attorney,” writes Beitner. “Having strong social connections, in turn, is an important way to bolster resilience. But communication can be a physical-well-being issue as well. Researchers have found that cancer patients with strong communication skills had an easier time implementing coping strategies, lower levels of perceived stress, and higher quality of life.”
  5. Take the long view. When it comes to holistic health, there is no quick fix. Nor is there any one-size-fits-all strategy. Examine your workforce. Look at their needs. Listen to what they’re saying. Come up with strategies that will improve their physical, mental and emotional health. When you do, you’ll improve your bottom line as well.

If you practice in Wisconsin, Texas, Minnesota, Ohio, Illinois, Indiana or Michigan, you can stay on top of ethics and risk management news by being a member of Alta Pro Lawyers RPG. You’ll get access to free webinars, the Pro Practice Playbook, Reminger ProLink, Ask the Risk Pro and more. Here’s how to join.

Share

Print Friendly, PDF & Email

Related Posts on Altaprorpg.com!

Alta Pro Logo Icon

About the Editorial Staff

In an age of consolidation where increasingly impersonal transactions have made customer service an oxymoron, we bring together independent agents, insurance companies, and other industry specific service providers to develop and deliver insurance products and risk management solutions that benefit our insurance customers.

Join Our Newsletter

Occasional newsletters and CLE invites

Find Us on Social

Upcoming CLE Webinar: Essential Business Skills for Busy Lawyers Part 2 – Build Your Legal Practice Like a Pro

August 28, 2024 1:00 pm EST
CLE Credit: 1.0 Regular

Colleen L. Byers

Colleen Byers Mediation, LLC

Archives

Latest Videos

1 Hour

Essential Business Skills for Busy Lawyers Part 1 – Communicate Like A Pro

1 Hour

Creating an Attorney Compensation Plan That Will Build Firm Culture and Attract Top Talent

1 Hour

Cybersecurity for Attorneys: Employing Competent and Reasonable Safeguards

Need Help?

Visit our Frequently Asked Questions page. 

Or email us directly at info@altaprorpg.com

Or submit your issue in the comment form below and we will respond as soon as possible.