Achieving gender diversity at all levels of the legal field is essential for creating an equitable and prosperous law firm. The advantages of gender-diverse associates, management, and board members cannot be ignored in the hyper-competitive law industry. Research shows that gender-diverse law firms achieve 10% higher client spending and are 15% more likely to earn...
There is an increasing focus on ESG for all industries across the globe. In 2020, the total amount invested in assets with sustainable principles reached $17 trillion, a 42% increase over the numbers in 2018. For law firms, a focus on ESG is essential to future success. 65.8% of chief legal officers believe interest in...
As the new year begins, law firms are still reeling from a skilled worker shortage brought on by a strong economy, the lasting effects of pandemic layoffs, and the great resignation. In May 2021, there were 8,268 open positions for lawyers across the United States, a 150% increase from early 2020. This is not surprising...
2021 brought its share of challenges and successes to the legal industry. The reopening of businesses and economic growth created a need for more legal consultations. The rise in legal cases created a higher demand for skilled legal staffers, which are currently in short supply. Here’s how 2021 shaped the legal industry. Increases in Litigation,...
Cyber Security, Data Privacy and Beyond In the 1990s and early 2000s, advances in computer technology and the Internet have changed nearly every industry. Technology has become more integrated into everyday life, with humans adapting to changes like communicating with Siri or Alexa. Today, the new frontier is artificial intelligence (AI) and machine learning (ML),...
The rise of corporate litigation, stemming from the COVID-19 pandemic, created a corporate law attorney shortage in the U.S. This shortage is more significant in Texas because several big corporations now call the state home. With many law offices and in-house corporate attorney positions available, businesses are looking for qualified candidates. Explore the corporate law...
Despite the continuing pandemic, there are many economic opportunities available. Merger and acquisitions (M&As) are exploding at rates unseen in decades, and strong GDP and CPI data show an economy holding steady. The booming economy means an increased need for legal consulting, especially for companies dealing with M&As. Collier Legal Search can help you find...
Generation Z, otherwise known as “Zoomers,” live up to their name. Zoomers grew up in a fast-paced, technological world, and, as a generation, they value diversity, financial security, and an open-minded, progressive outlook toward controversial subjects. As this generation begins to hit their early 20’s, law firms are looking to understand what changes Gen Z...
Recent years have seen a boom in ESG (Environmental, Social, and Governance) in legal consulting. ESG factors are continually growing in importance to businesses, investors, customers, and suppliers, and the trend shows no signs of stopping. Expected to continue for many years, corporations and law firms are now hiring their own armies of ESG experts,...
With changes brought on by the 2020 pandemic, the legal industry, like many others, went into crisis management mode. Law firms and legal departments furloughed key workers while often also downsizing other personnel. Now, as industry slowly emerges from the pandemic, the practice of law (especially in Texas), has emerged arguably busier than ever. With...
