How we looked at the world before the pandemic is different from what we look at today. Now is the time to look at your circumstances and plan your way forward in this evolving landscape.
The worldwide lockdown triggered a financial crisis unlike any we’ve seen before. However, the legal profession has shown remarkable resilience. While the initial recession was painful, it was relatively short-lived, and we are now experiencing a robust recovery.
As Shari Davidson, President of On Balance Search, rightly points out,” the legal profession has a history of adaptability. We’ve seen this in the aftermath of 9/11, and we’re seeing it again now. It’s not going to be business as usual, but we are resilient, innovative, and smart. This adaptability is a key strength of the legal profession.”
RETURN TO OFFICE
The new normal for many law firms is a return to in-office work five days a week. While teleconferencing and hybrid models significantly rose during the pandemic, these arrangements are slowing down. The return to a more traditional office environment is becoming prevalent as firms seek to foster collaboration and mentorship, which can be more challenging in virtual settings. This return to office is a sign of stability and a step towards normalcy.
Despite the challenges of the pandemic, it revealed both weaknesses and opportunities. One significant opportunity was the recognition and forced implementation of virtual meetings, revolutionizing our approach to many aspects of business and legal practice. While this trend is slowing, the ability to conduct business virtually remains a valuable tool.
“One of the great opportunities to arise was the recognition and forced implementation of virtual meetings; this was a game-changer in many ways. Adapting to how to best use it as a tool has determined the success or failure of many companies.” — Joe Chatham, Managing Partner and Founder of USA 500 Clubs, LLC.
WHAT WE DO KNOW
We have a clearer picture of which areas of law are in high demand. The ongoing economic adjustments have increased the need for:
- Litigation and Class Actions: There is a continuing high demand for professionals experienced in civil, class action, and commercial litigation. This demand is driven by a backlog of court cases and the ongoing need for legal resolution in various disputes
- Labor and Employment: This practice area sees significant growth due to evolving regulations, increased employee activism, and rising discrimination claims.
- Data Privacy and Cybersecurity: With more states implementing their own data privacy laws, there is a strong need for legal expertise to ensure compliance and manage cyber risks.
- Corporate Law: Corporate legal departments increasingly handle work in-house to control costs, driving demand for compliance analysts, contract administrators, and legal specialists in business and regulatory support.
- Family Law and Estate Planning: Growth in these areas continues as individuals navigate personal legal matters and plan for the future.
- Health Care and Life Sciences: The health care sector, including life sciences and pharmaceuticals, continues to expand, necessitating legal support for regulatory compliance, intellectual property protection, and mergers and acquisitions.
Government-related legal positions increased during the pandemic due to increased regulatory actions and public health mandates. The current demand in 2024 is more focused on supporting ongoing government functions and compliance with new regulations.
MAXIMIZE YOUR PRODUCTIVITY
- Stay Current on Legal Trends: Regularly update your knowledge on the latest legal trends and industry changes, such as the increasing focus on data privacy, the rise of remote work arrangements, and the evolving landscape of labor and employment laws.
- Enhance Your Skills: Invest time in continuing education and professional development to stay competitive.
- Optimize Your Networking: Actively participate in online and offline professional networks to build and maintain connections.
- Leverage Technology: Use the latest legal tech tools to streamline your workflow and improve efficiency.
- Update Your Professional Profile: Keep your LinkedIn profile and resume up-to-date with your latest achievements and skills.
- Seek Recommendations: Request and provide professional recommendations to strengthen your profile.
- Engage with Peers: Join relevant groups and participate in discussions to stay engaged with the legal community.
WORK WITH A LEGAL RECRUITER
Even if you have not been laid off or furloughed, your firm may be cutting back. That raise or promotion you were expecting may not happen. This is the perfect time to seek out a legal recruiter known for their integrity and proven success.
A legal recruiter can act as a trusted advisor, guiding you through this uncertain period, helping you identify potential opportunities, and assisting you in presenting your skills and experience in the best possible light. You’ll be well poised to get back on track when the situation arises.
“This is a good time to get your ducks in order. Update your CV, prepare writing samples, and revise marketing plans. Create a strategic plan ready to execute when right.” — Shari Davidson.
Your ability to rise during a crisis will make or break your career—research which firms and areas of law are well-suited for your unique skill set. Work closely with a recruiter to help you strategize and navigate the next step in your career.
You’ll need to create a compelling story about your successes, the clients you’ve brought in, and the billable hours you’ve earned. Your legal recruiter will be there to guide you and help you pull it all together.
During this time of uncertainty, know that there are still opportunities. Stay strong, be patient, persistent, and persevere. Your resilience will be key in navigating these uncertain times.
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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 help them advance. From making lateral partner moves to succession planning, Shari takes a proactive approach to advising law firms on how to achieve their goals and helps rising talent 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 On Balance Search.
Please note that the content of this blog does not constitute legal advice and is intended for the educational purpose of the reader. Please consult your legal counsel for specifics regarding your circumstances and the laws in your state pertaining to social media and any legal restrictions regarding the law.
