The generation game: are law firms ready for the millennial challenge?
Call them what you will — ‘Generation Y’, the ‘millennials’ or perhaps ‘Generation Why?’ as they question everything — this social group that grew up with the internet is now firmly entrenched in the workplace. In fact, the first Gen Y chief executive officer to lead a FTSE 350 company will be appointed by 2016, according to a report published by Deloitte. And with it comes a whole new way of working.
Dedicated to technology, the millennials are as praised as they are berated for their devotion to social media and dexterity in switching from one device to the next. This brings opportunities as well as challenges for both employer and employee. Witness, for example, the surge in popularity of bring your own device (BYOD) where employees use their own tablets, phones and laptops for work.
But while BYOD offers flexibility, it is a potential security risk. Less than a third of businesses in Europe with more than 1,000 employees have a formal BYOD policy, but almost all British businesses (97 per cent) have suffered or anticipated a BYOD security breach, according to a study by Samsung…
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Briefings from Totum
There are many issues vying for the attention of law firm management these days. Having the right people in the right place is critical for the delivery of any strategic aspiration.
Social media offers many opportunities for law firms, and yet there is still much reluctance.