Never been a big fan of lanyards until I was introduced to the bladesports style lanyards for knives that lock the tool into your hand making it almost immpossible for the knife to leave your grip.
The thought of a razor sharp knife or hatchet swinging from the end of a lanyard looped round my wrist after a bad swing is a bit scary to me.
They have their place of course, but in most situations I would rather the tool fly off away from mein a random direction, rather than swing wildly back towards me towards me.
Just my preference, and opinion.