Tough Questions
We are beginning to turn the page on the one of the darkest chapters in our journey through this COVID Crisis. The pandemic has changed the way we do business. Lawyers and law firms are faced with re-thinking how to thrive in this new uncertain world.
The legal marketplace is not immune to government shutdowns, labor union strikes, or the inflationary pressures on the economy. Tough questions need to be asked with ways to position yourself to take advantage of whatever challenges await us in the months ahead.
Ask yourself:
- What steps can you take to best mitigate risk and emerge from the chaos to transition back to a new normal?
Now would be a good time to start making proactive steps and start planning to position yourself for a post COVID economy. Law firms have found it necessary to cut costs which may impact your career goals. Are your clients happy, do you feel secure at the firm? Should you put out some feelers to see what your options are? What happens if the firm cuts back or close their doors? - What are the biggest threats you face today, directly or indirectly?
What are the firm’s main practice areas? Has that changed during this pandemic? Has the managerial structure of the firm changed? How does this impact where you stand with the firm? - What big opportunities are born out of this crisis?
In the aftermath of the 2008 Great Recession, many firms failed and never recovered. Savvy lawyers assessed the situation and made the necessary adjustments to sign new clients and secure top talent. The same possibilities exist right now. - Is the firm well positioned to thrive in the post COVID world?
What does the landscape look like? Is there a merger in the works? How will this impact your role at the firm? What are you doing to ensure you make the most of what lies ahead? Mergers are messy, some win and others get left out in the cold. - What will the firm look like five years from now?
What are the biggest threats facing the firm? How well stable does the firm look? Will you still be a valued asset to the firm in the future?
Now is the time to ask these hard questions.
Legal recruiters are on the pulse of what’s going on in the industry. Get insider information, take steps to come out of this on top. Expect to continue to make changes to succeed in law.
Take a moment to take a hard look at the firm and what and where you best fit in to the new legal marketplace. The opportunities are there, take steps today to position yourself to best succeed in this chaotic economic climate.
Don’t get left behind.
About: On Balance Search Consultants
On Balance offers great insight and industry intelligence. Shari Davidson, president of On Balance Search Consultants, advises experienced attorneys at every stage of their career to take them to the next level. From making the lateral partner move to succession planning.
Shari takes a proactive approach to advising law firms on how to take a firm to the next level and helps rising talent make the transition to the right law firm. On Balance Search identifies opportunities that exist today, not down the road.
Contact us today. Call 516-731-3400 or visit our website at https://onbalancesearch.com.
Please note that the content of this blog does not constitute legal advice and is only intended for the educational purpose of the reader. Please consult your legal counsel for specifics regarding your specific circumstances and the laws in your states pertaining to social media and any legal restrictions regarding the law.
