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Why Are In-House Counsel Leaving and Where Are They Going?
Call it the Great Resignation, the Great Reshuffling, or as we like to call it at Axiom, the Great Reflection. No matter what phrase you use, it’s clear lawyers everywhere are reconsidering where and how they want to pursue their legal careers. The pandemic upended the traditional legal practice model for in-house legal departments, which is now once again being impacted by inflationary and recessionary forces.
So what exactly do in-house counsel think about their careers right now and where are they envisioning their futures? We set out to examine the current mindset of counsel across a wide range of industries and practice areas to discover what pressures in-house counsel are facing within their legal departments. In this report, we dig deep into all the ways lawyers want to improve both their professional and work lives.
The news flash? Not surprising, but still startling: in-house counsel aren’t satisfied with the current state of affairs, and even among those who are, resignations are going to continue.
The comprehensive report that follows delves into the reasons why lawyers are leaving once sought-after in-house roles and offers insight into where they’re looking to go.
The Axiom Survey was conducted by Wakefield Research among 300 US in-house counsel working at organizations with a minimum annual revenue of $1M between May 23 and June 3, 2022, using an email invitation and an online survey. Revenue quotas were set for 100 respondents at companies with $1M to $25M in annual revenue and for 200 respondents at companies with more than $25M in annual revenue.
Get the full report.