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.
AI Is Reshaping Legal Practice—But Tools Aren’t The Real Differentiator.
Explore the mindset, cultural shifts, and training strategies that define the AI‑savvy lawyer, revealing why human judgment, standardized competence, and integrated learning—not technology alone—will shape the future of the profession.
“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]