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How are law firms doing in the wake of the Great Resignation and Reshuffle for an already competitive legal market?
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How General Counsel Search Firms Work
How are law firms doing in the wake of the Great Resignation and Reshuffle for an already competitive legal market? It is interesting to note that under the new normal, there is a huge need for legal services. So much so that the most prestigious law firms set a record for the most partners employed. What does this record mean?
First of all, it shows the continued strength of the legal sector by demonstrating the competition for the best possible compensation for potential house legal team members who accept offers from competing firms. Second, it implies that law firms are eager to gather and furnish their legal department. There is a need to hire more compliance professionals, compliance officers, corporate counsel, and even a chief legal officer quickly as feasible due to the increasing legal executive search demands.
However, speed can compromise quality, mainly if the person doing it is not skilled, trained, or an expert in speeding a process as crucial as hiring. So, should you ask a reputable general counsel search firm to assist you? How precisely would hiring one benefit you?
Pros of Hiring Through a General Counsel Search Firm In addition to their other jobs and obligations, can your team or department find applicants, surpass other companies in terms of salary, screen candidates, and quickly set up a series of interviews? Do you have the means to broaden your pipeline and search? Most of the time, all of these tasks will demand a great deal of work and valuable time from everyone within the company. After all, it would be best if you continued working towards fresh objectives and deadlines. In a perfect world, you would not want to delay duties to look for a new employee; all you would like to do is onboard them.
And this is where legal search companies come in; they handle the details on your behalf. With their assistance, your business receives:
Utilization of a database of qualified candidates Because they have already pre-screened associates throughout the year, the firm can expedite your search. You are not constrained by geography because of their extensive network. A jewel of an associate will transfer with the right offer. Savings If your firm takes part in interviews for the top legal talent, it will waste time, which costs money. When using a legal search firm, you only need to choose from the best candidates. More time and savings Your schedule will be freed up by working with a legal search company, allowing you to spend your valuable time working on cases and taking on new clients for optimum profit.
Demand for legal and compliance services increased during the pandemic, intensifying competition for available positions. You can free up your business and staff to focus on tasks and responsibilities that will ensure you make the most of this lucrative opportunity by allowing executive search firms to seek for, evaluate, and recommend candidates for you. To Wrap It Up