"Law Firms Implement 'Stay Interviews' to Retain Associates and Address Changing Needs"

Biglaw firms are using "stay interviews" as a new approach to assess the needs of their associates and make necessary changes to retain them. Cozen O'Connor and Lathrop GPM have reported positive experiences with these interviews, which have helped identify areas for improvement such as firm culture, work-life balance, and professional development opportunities. The use of stay interviews has resulted in increased associate retention rates, demonstrating that innovative methods can improve associate satisfaction and encourage them to stay with their firms.