Bloomberg Law
May 14, 2021, 9:01 AM

ANALYSIS: Want to Magnify Profits? Focus on Lawyer Well-Being.

Francis Boustany
Francis Boustany
Legal Analyst

It is no secret that lawyers are stressed, and that there is often little respite from the realities that deteriorate their well-being. But this is a problem for more than just the lawyers themselves.

The financial well-being of an organization is also at stake when its employees’ well-being is in question. A 2019 London School of Economics analysis of more than 300 studies concluded that employee well-being and business unit profitability are positively correlated.

Considering this, organizations with attorneys on the payroll should consider well-being when implementing new practices, policies, and processes, lest they risk losing both human capital and ...

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