Only a couple of months ago, the legal press reported
extensively on the ‘War for Talent’ and on how law firms took measures, ranging
from pay hikes, in-house business schools to alternative career paths, to fight
‘associate attrition’ and improve talent retention. Today, a credit crisis later, the same pages
are filled with news on redundancies and lay offs.
Both the credit crisis and the war for talent
demonstrate two things. First, there’s
still too much fire fighting in human resources management. Second, the legal business is still a “people”
business, and developing a long-term vision on talent management is a key
priority for any law firm. Taking the
‘backbone perspective’ can help to develop such vision.
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Barend Blondé
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