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The actual benefits of coaching will vary from one individual to another. But some of the potential benefits are as follows:
Benefits for Lawyers
- improved leadership and management skills
- increased productivity
- better working relationships
- increased revenue through more focused practice development
- greater integrity in managing and decision making
- fewer negative effects of stress
- better balance between personal and professional life
- improved career planing
- greater confidence
Benefits for firms
- improved revenues and profits; studies have measured ROI at 500-600% and in some cases far higher
- improved organisational performance
- retention of high performers and greater staff loyalty
- less absenteeism
- enhanced operational efficiency and flexibility
- improved staff morale and motivation
- more effective development and performance of lateral hires
In addition, coaching can unleash the potential of teams and improve their efficiency and performance. |
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