Of all the trends affecting law firms and corporate legal departments over the next three years, an overwhelming majority (81%) of lawyers say the ability to hire and retain talent will have the greatest impact on their business. operations divorce attorney huntersville.
An analysis of the challenges
Difficulties in recruiting and retaining talent are exacerbated as many lawyers seek technology-savvy organizations that support their chosen way of working, whether hybrid or full-time remote.
Robert Ambrogi (editor of the LawSites blog and head of the LawNext podcast) comments on the situation: “Those law firms that are slow to adopt legal technology risk losing not only clients, but also emerging talent. Professionals entering the market in the current environment want to work in offices at the forefront of innovation because they know that these will be more successful in the long term and that they offer the best opportunities for professional development. The connection should be obvious: new generations of professionals, skilled in the field of technology, want to carry out their careers in similar environments.
Furthermore, the profession is increasingly demanding and the work more complex and specialized. Lawyers are also exposed to the changing demands of clients and managers . With the volume and complexity of work being handled increasing, the survey reveals several interesting insights into workload management.
The majority of lawyers (80%) in law firms and also in corporate legal departments say they will be affected by heavy workloads. However, the majority (80%) feel prepared and able to deal with the increasing volume and complexity of information.
An increasing demand for specialization
When it comes to the nature of work, the majority of lawyers (78%) in both law firms and corporate legal departments expect an increase in demand for specialization and a decrease in generalist work . The trend for law firms to expand their offering with a wide range of niche services is becoming more common, and is expected to only increase.
Clients are also demanding an increasing degree of specialization, and respondents cite this factor as one of the most important for clients when evaluating firms over the next three years. Interestingly, the majority of law firms (78%) say they are prepared to address this trend, while 75% are willing to offer a greater degree of specialization.
Given this panorama, it is not surprising that attracting, training and retaining legal talent is key to having a workforce that is better prepared for the future.