In a recent article published in The American Lawyer​, What It Costs When Talent Walks Out the Door, author, Paola Cecchi-Dimeglio, goes on to explain her years of findings when it comes to the best practices for attracting, retaining and promoting women leaders at elite firms.

Some findings include:

  • It costs more money to replace your stars than you probably think.
  • To replace top female talent, it takes months longer and costs more (as a percentage of salary) than it does to woo top male talent.
  • Keeping star lawyers, especially female stars, satisfied at your firm should be a business priority, given the colossal cost of replacing them and the accompanying disruption to business performance. Yet for too many firms, it’s not.

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