OVERVIEW

While most agree that positive mental health and wellbeing in the legal industry have moral and ethical value, it is important to know that it has great economic value as well. 

In this workshop, we will explore the data that reveals a story of lost profitability, productivity, reputation, and client satisfaction when wellbeing is ignored. We will explore the four primary potential loss/benefit areas impacted by well-being.

Once we have made the case for investing in wellbeing, we will address how a firm can assess its unique needs and what strategic priorities can be implemented to address those needs.

This three-hour workshop will be divided into three parts:

• a keynote exploration of the topic;
• a panel discussion of industry leaders, including a law firm partner, a client, and a legal industry insurer;
• and an interactive examination of law firm scenarios where we identify areas of risk and potential solutions. 

Duration: 3 Hours

Style: Virtual Workshop

Workshop Leader: Renee Branson / CEO / RB Consulting

Dates: June 7th, 9:00 AM - 1:00 PM US Central Time

• According to the World Health Organization (WHO), depression, anxiety, and substance abuse is said to cost the global economy $1 trillion annually in lost productivity.

• Rates of depression, anxiety and substance abuse are close to four times the rate than in other professions 

• The WHO shows that for every $1 invested in treating common mental health disorders, there is a $4 return on investment in improved health and productivity.

• Law firms may lose an average of 10%—or $21,982,675—of their annual staffing costs due to poor employee mental health, according to a survey of six BigLaw firms by Unmind, a workplace mental health solutions provider.

• According to the National Association of Legal Placement (NALP), 44% of all associates in the U.S., both entry-level and lateral hires, leave their firms within three years. 

• According to JD Match and Right Profile, entry-level associates' attrition rates in the first five years can be as high as 81%.
  

• Replacement costs for attrition costs 1.5 to 2 times the departing lawyer's compensation. That can easily cost a large firm $400,000 USD for each associate who leaves. 

• 40-70% of all disciplinary and malpractice hearings involved lawyer depression, anxiety, substance abuse, or a combination of these factors (ABA and Hazeldon study)
  

Early Bird Registration:

Confirm your place on this course by May 1st and save $300 on your registration.

Use the discount code EHWBEB when placing your order.

Confirm your place

Benjamin Carpenter

Deputy General Counsel

U.S. Bank

Ben is a Senior Vice President and Deputy General Counsel at U.S. Bank. He leads a team of lawyers and legal professionals that provides legal support to U.S. Bank’s Consumer and Business Banking Division. Ben also led the creation development of U.S. Bank’s wellbeing program, which included the launch of its wellbeing guidelines for outside counsel.

Michael Kasden

Partner

Wiggin & Dana

Michael focuses on all areas of intellectual property law, providing his clients with full- service IP expertise that ranges from patent, trademark, copyright and trade secret litigation to IP-related transactions – including licensing and monetization – to helping companies to protect and reap maximum value from their own innovations and brands. In addition to being a Partner in the firm’s Intellectual Property Practice Group, he also Co-Chair’s the firm’s Blockchain and Digital Assets Group and Chairs the firm’s Trade Secret Group. He is also a member of wiggin(x). 

Camille Stell

President

Lawyers' Mutual Consulting and Services

Camille Stell serves as President of Lawyers Mutual Consulting & Services. She is a frequent author and speaker on the topics of ethics and professionalism, retirement and succession planning, law firm compensation, and law firm trends of the future.

Camille is a Fellow in the College of Law Practice Management. She has served on the North Carolina State Bar Regulatory Review Subcommittee from 2020 – 2022. She serves as a member of the NC Pro Bono Resource Coordinators Network, the Advisory Group for the Duke Law Tech Lab, the Advisory Board for the Legal Aid of NC Innovation Lab, the Steering Committee for the Raleigh chapter of the Legal Marketing Association and the Board of Directors for the Raleigh Durham Chapter of the Association of Legal Administrators.

Camille is the co-author of two books written during the pandemic: Designing a Succession Plan for your Law Practice: A Step-by-Step Guide for Preparing Your Firm for Maximum Value, published in 2021 and RESPECT: Insights in Law Firm Compensation, published in 2022.