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Beyond Day One: The Onboarding System Firms Still Haven’t Built (Slaw)
: Your mid-sized firm invested $500,000 recruiting four to five new students last year. By year five, 91 percent are gone. Your per-person investment was roughly $100,000 to $125,000. Add salary, training, and mentorship. Then they leave. The question worth asking is whether you hired the wrong people, or whether you didn’t integrate them. The data suggests the latter. When the National Association for Law Placement Foundation surveyed departing Canadian associates, 29 percent cited work quality concerns. Sixteen percent pointed to productivity standards they felt they weren’t meeting. Thirteen percent said the advancement path was unclear. Thirteen percent mentioned fit. Another . . . [more] The post Beyond Day One: The Onboarding System Firms Still Haven’t Built appeared first on Slaw
FTC Recommends Anticompetitive Regulations for Deletion or Revision (Federal Trade Commission Concurrence communiqués)
: On Tuesday, Federal Trade Commission Chairman Andrew N. Ferguson submitted recommendations for deleting or revising anticompetitive regulations across the entire federal government to the White House’s Office of Management and Budget. This report is a response to President Trump’s Executive Order on Reducing Anticompetitive Regulatory Barriers . The Executive Order tasked the FTC with finding unnecessary regulations that exclude new market entrants, protect dominant incumbents, and predetermine economic winners and losers, as a first step to repealing them. “President Trump’s Executive Order recognizes that heavy-handed regulations can hurt competition, including by entrenching incumbent firms, raising costs for new entrants, and discouraging innovative new ways to serve customers,” said FTC Bureau of Competition Director Daniel Guarnera. “Competitive markets lower the cost of living, improve the quality of products and services, and drive innovation. Our engagement with citizens across the country and agenc[...]