Houston Legal Recruiting Archives

Interest Rates Effect on Businesses and Legal Recruiting

With interest rates and inflation rising, you may wonder how this financial uncertainty will affect your business. As interest rates rise, so does the need for qualified legal professionals. Rising interest rates affect businesses and legal recruiting by increasing the demand for legal professionals, highlighting the importance of developing relationships with a legal staffing firm. Learn more about our country’s current financial state and how interest rate increases may affect your business, so you can determine how to protect your company and hire employees who will provide the most benefit to your business during these uncertain times. What is the Current Financial Situation? The Federal Reserve recently raised its target federal funds rate by .75% to compensate for the runaway inflation that currently plagues the country. The current inflation rate exceeds financial analyst predictions, rising 8.6% this May, the fastest pace since 1981. Surging gas, food, and energy prices are the main culprits contributing to this rise. The outlook for the supply chain looks grim as well. Much of this trouble relates to the Covid-19 pandemic, which has slowed down or completely interrupted product movement at nearly every stage of the supply chain. Factories thought to be too big to fail had to close their doors permanently, and shipping delays abound due to port and railway closures. During the pandemic layoffs, many qualified employees lost their jobs as companies downsized to stay afloat. As the country slowly returns to normalcy, many businesses face worker shortages. Amid the shifting recruiting and hiring landscape, the legal industry has emerged busier than ever, with more employers seeking qualified workers to rebuild and grow their firms. Effect on Small and Midsize Businesses Interest rate hikes impact businesses of all sizes, particularly small and midsize companies that generally operate with a narrower profit margin. Since higher interest rates generally lead to higher business costs, companies with already thin profit margins may find it challenging to grow their business. When operating on narrow margins, outsourcing for staffing needs may seem like an unnecessary expense. However, working with a qualified staffing firm allows you to spend time focused on your business. At the same time, a legal recruiting firm sifts through resumes and vets potential candidates, saving time better spent on your business’ productivity. In such a tight hiring market, developing a relationship with a legal recruiting firm saves money and increases profits in the long run. What Industries Are Most Affected? High-interest rates affect businesses in every sector, but industrial and manufacturing companies and commercial real estate companies seem to be particularly hard hit by these higher rates. The commercial real estate industry has suffered due to Covid-lockdowns and the move to remote work. In contrast, the manufacturing and industrial industries have seen significant supply chain and transportation issues. Conversely, some businesses are discovering that the shortage of workers in the wake of the Covid-19 pandemic is opening up new and exciting possibilities. The legal industry, for example, saw a general downsizing during the pandemic but has proved that it can survive even the worst financial conditions. Now, law offices across the country are returning to work with a vengeance and actively hiring swarms of new employees. Many law offices use experienced law recruiting firms like Collier Legal to find the best employees on the market. Why Choose Collier Legal? As the need for experienced legal staff increases, developing a relationship with a credible staffing agency will streamline your hiring process and ensure you recruit the best talent for your law firm. At Collier Legal, we help you find the best legal talent for your business. With over one hundred years of combined experience, our staff has a reputation for excellence in finding and matching candidates to legal firms of every size. Sifting through resumes to find the right person for your company can be challenging and time-consuming. Let us help you with the recruiting process. Call us today or fill out a contact form online to get started.

Interest Rates Effect on Businesses and Legal Recruiting Read More »

How 2021 Shaped the Legal Industry

Blogs / collierlegal

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, M&A, ESG Law Many industries, including legal, slowed down in 2020 due to the emergence of the COVID-19 pandemic. As businesses started reopening, the legal industry has seen higher demand for services in litigation, mergers & acquisitions (M&A), and environmental, social, and governance (ESG) law. Many litigation cases were put on hold during the pandemic, creating a backlog of cases being dealt with now. There has also been a rise of corporate legal issues directly related to the COVID-19 crisis. These legal issues include: Commercial and contract disputes Data security Fraud, bribery, or corruption Bankruptcy Interruptions of businesses due to COVID-19 There is an increased need for legal services when the economy is doing well, especially for businesses going through M&As. Many companies stay competitive by acquiring new revenue streams or mergers with other companies. They may want to develop their supply chain further or scale their business efficiently after experiencing problems during the pandemic. Many businesses are incorporating ESG interests during their decision-making process. ESG covers environmental and social concerns and the ethical standards governing the rights and responsibilities of a company. Businesses are looking for ESG experts to ensure they comply with policies and prepare their ESG disclosures. Reporting ESG helps companies boost their reputation and build trust in their industry and consumers. Hiring Challenges The pandemic created new problems and shortages across many industries, and the legal field was no exception. Many law firms furloughed workers or downsized their firms during the start of the pandemic. Now, as restrictions ease, firms are beginning to grow again as business picks back up. Law firms need to hire more staff but are facing challenges because skilled legal workers are in short supply. Shortages of legal workers developed during the pandemic due to layoffs and workers choosing to stay at home. Other legal workers left the industry entirely, feeling overwhelmed or unprepared by the increasing responsibilities of their job. Currently, 58% of the legal industry is experiencing the strain of not having enough skilled workers. Increases in corporate litigation, M&A, and ESG cases have also contributed to the shortage. More lawyers with the skills or experience are needed to meet current demand. The hiring process has also changed as a result of the pandemic. Many interviews are conducted virtually instead of in person. Lawyers are applying for positions across many regions and may be more selective about where they choose to work since they are in high demand. Health and Safety Concerns The health and safety concerns of lawyers brought on by the pandemic have changed how lawyers and law firms conduct business. More firms and lawyers work remotely and even conduct meetings, court cases, and arbitration hearings virtually. Law firms were able to succeed through the pandemic while working virtually, and many firms have opted to remain virtual or use a hybrid work method. Law firms have had to adjust how their workplaces operate to comply with changing OSHA standards to protect the wellbeing of their staffers. Law firms are responsible for upholding policies on wearing masks, vaccine requirements, and guidance for in-person work to keep all employees safe. Incorporation of AI Technology With more staff working remotely, firms have incorporated newer technology to assist with their work. AI-based technology helps lawyers handle clients and their cases and directly handle administrative and processing tasks. AI technology helps lawyers with cases related to intellectual property, cybersecurity, and the misuse of AI. This technology also provides better communication with clients by translating dense legal terminology, answering client questions, and translating documents into other languages. Lawyers and other legal staff use AI technology to save time. AI can process thousands of documents quickly and search for specific content or organize files by type. It helps improve the speed and quality of a firm’s legal services. How Collier Legal Search Helps While 2021 has brought its share of challenges, there has also been steady growth in the industry. Higher caseloads mean greater demands on legal staff. Law firms can take advantage of current opportunities by using a legal staffing recruitment service to help find additional legal staff for their busy teams. Consider hiring through a legal recruiting company such as Collier Legal Search. Collier Legal Search team provides professional legal placements for our clients. Our experienced staff will do the legwork to find qualified legal recruits, whether you need staff attorneys, legal administrators, or general counsel. We can help you find a temporary or permanent placement to fit your needs. Visit our website to learn more about the services we offer.

How 2021 Shaped the Legal Industry Read More »

Hiring In-House Counsel | What to Consider

Employers / collierlegal

What you need to know before hiring in-house counsel Some startups immediately start hiring in-house counsel and launch a legal department, while other businesses operate for many years before bringing a single GC on board. A general counsel under the company roof acts as an advisor and company representative, in addition to being the primary legal service provider. Whether you are motivated to reduce attorney costs, improve legal outcomes or enhance the quality of your legal advice, an in-house legal department with expertise in both the law and your particular business can be a strategic partner in your company’s long-term success. Let’s look at when to consider hiring in-house counsel, what to look for, and how to find them. When to consider hiring in-house counsel Several factors that can determine if hiring a GC makes sense for your company: High volume of legal work – If your company’s annual demand for legal services exceeds 1000 hours, an in-house attorney may reduce the outsourced hours. As a general rule, for each in-house attorney, there should be an additional 1000 hours of legal work. Type of legal work – If the majority of your company’s legal work is in a particular practice area, for example, employment, then a GC who specializes in that area of law could be a valuable asset. Project Management – If your company works with numerous outside counsel, juggling the projects and attorney relationships can become all-consuming. Hiring in-house counsel as a project manager ensures that all of the legal services your business contracts with are on task and efficiently managed. Type of business – A specialized in-house lawyer might make sense if your business consistently produces document-intensive work such as licensing or real estate, or if your company is in a highly regulated industry. Whom to Hire Candidates considered for an in-house position must have a proven track record and the required expertise. This is not a position that allows for on-the-job training! For a company looking to hire their first GC, but unsure about a full-time, permanent employment, here are some options to consider: Outsourced GC – An increasing number of law firms offer to bundle their legal services and set monthly payments for general counsel services. Your company may have access to one or several attorneys, depending on the agreement. Part-time GC – If your company wants to hire an in-house attorney but doesn’t have the workload to justify the expense, then a part-time position may be a viable alternative. Employing a part-time GC can save money in salary and benefits, and a flexible schedule may attract highly qualified candidates who are seeking a work-life balance. Contract-to-hire – Bringing someone in on a temporary status before making a final decision allows time to determine if a candidate has the qualifying skills and also if the company truly needs a GC. During the contract period, the staffing firm assumes responsibility for benefits and administrative costs. Flexible skill set – Many attorneys often have transferable skills, such as facilitating real estate transactions or summarizing complex non-legal documents. By hiring an attorney with a flexible skill set, your in-house counsel can take on other duties within the organization. Where to Look Whether you are looking to add one lawyer or build an entire legal team from the ground up, hiring legal talent is a tremendous undertaking for a company that doesn’t specialize in law. Legal recruiting is very different from corporate recruiting, and your company’s HR department may not have the relationships or knowledge to find the best candidates. If your company works with an outside law firm, they may be able to provide advice and direction on finding a qualified candidate. Another option for finding general counsel candidates is to work with a legal search or staffing firm. A professional legal recruiter has the resources, connections, and discretion to identify candidates that will best serve your organization. Let Collier Legal Search be your primary resource for hiring in-house counsel.

Hiring In-House Counsel | What to Consider Read More »

Implementing Temp to Perm successfully

Blogs, Candidates, Employers / collierlegal

Utilizing a temp to perm hiring opportunity is resourceful. Temporary or contract workers are a valuable source of talent for law firms and hiring from temp to perm position can be resourceful. A temporary or contract worker can fill in short term vacancies, such as when an associate or paralegal is off on maternity or medical leave, they can bring in expertise on a particular practice area, and they can be hired to handle volume increases related to new casework. Lawyers, in particular, are uniquely suited to temporary or contract work because they are trained to quickly analyze a situation and act accordingly. In contrast to temporary or contract workers, a “temp to perm” employee is brought on to work for a predetermined period, during which time the firm decides whether to offer a permanent position to the employee. With the failure risk as high as 50% for new hires, temp to perm has gained popularity among hiring managers as a way to reduce the risk of a bad hire. Benefits to law firms include: Enables partners time to observe attorneys and legal support staff to see if they are a fit for the firm’s workload and culture. Avoids wrongful termination and unemployment costs – With a temp to perm arrangement, there’s not a guarantee that the position will become permanent. Therefore, the employee is not eligible to claim wrongful termination or file an unemployment claim against the law firm. Reduces the cost of administration and benefits, since these are all covered by the staffing agency until the worker becomes a full-time employee of the law firm. Here are some things law firms should consider when implementing a temp to perm hiring strategy: Pick a reasonable timeframe for a temp to perm trial period. Too long and the candidate may pass up your firm. Too short and you won’t get a good idea of the fit. Confirm the time period with the staffing service and have them explain this to the employee prior to their start, so everyone is clear of the guidelines. Treat temp to perm workers just as you would a permanent employee, providing them with the support, training or resources they may need to perform their duties. Introduce them to the partners, associates and support staff that they will be working with. Include temp to perm workers in firm-wide initiatives such as training and team building. This will give them the opportunity to demonstrate their skills and align with the firm’s culture. Have a transparent process in place to ensure that the firm is being fair. If the firm exhibits a constant cycle of letting workers go before they reach permanent status, the firm’s reputation will suffer, and it will be increasingly difficult to attract quality candidates. If there are any issues, ask the staffing service in to deliver the information. Until the worker becomes a permanent employee of the firm, the staffing service can manage the temporary employee for you. Full-Service Legal Staffing You Can Depend On Collier Legal Search is a full-service legal staffing company that specializes in placing well-credentialed partners, associates and legal professionals at every level in law firms and corporations. Our experience in the industry and our unique approach to building our candidate database consistently delivers results that clients can depend on. We are committed to maximizing success for our clients and our candidates. Contact us at 832-239-5253 to give us the opportunity to work with you.

Implementing Temp to Perm successfully Read More »

Law Firms Flock to Houston

Blogs, Candidates, Companies, Employers / collierlegal

Here are some of the most notable moves and acquisitions from law firms. Houston is currently the fourth largest city in the country and is on track to bypass Chicago for third by 2025. Houston has a growing and diverse population, a global energy hub, 25 Fortune 500 companies, and the world’s largest medical center. It is a lucrative and active legal market, and nobody wants to be left out. In recent years, the city has seen an influx of law firms entering the Houston market. Some outside law firms lure partners, attorneys, support staff and entire practice groups from locally established firms; others buy out or merge with existing practice, renaming the firm but leaving the staff intact. All of this activity results in a high-stakes game of musical chairs for Houston’s legal talent. For well-connected, proven and experienced attorneys and support staff, opportunities can arise whenever a new firm moves in – whether at the new legal firm itself or at a local firm that lost key staff to the newcomer. Here is a look at some of the notable moves and acquisitions of the past 18 months: Orrick Herrington & Sutcliffe, a 150-year old global firm based in San Francisco, entered the Houston market in January 2016. The powerhouse firm pulled 20 partners from approximately a half dozen local firms. The Houston office is the firm’s 25th worldwide and will expand its energy & infrastructure, Latin America, litigation and IP, and public finance practices. Polsinelli, a Kansas City, Missouri-based firm, opened in March 2016 after acquiring Houston-based IP law firm Novak Druce Connolly Bove + Quigg and its 14 attorneys. Polsinelli’s move into Houston was driven in large part by the presence of the Texas medical center. The acquisition supports the firm’s focus on the region’s biotech, medical device, software, engineering, and healthcare industries. Bradley Arant Boult Cummings, based in Alabama, opened its first Southwest location in Houston in October 2016 to serve construction and energy clients. The incoming firm lured away from a longtime partner from Coats Rose who took with him another partner, six attorneys, three secretaries, and two paralegals. The Houston location brings the total number of Bradley offices to nine. Kelley Drye & Warren, based in NY, merged with the environmental litigation boutique, Jackson, Gilmour & Dobbs, in December 2016. The merger brought fourteen local attorneys under the Kelley Drye umbrella. Through its new Texas presence, Kelley Drye intends to strengthen its energy practice and grow its national presence. Holman Fenwick Willan, based in London, merged with the energy and maritime firm Legge Farrow Kimmitt McGrath & Brown after several years of collaboration. The Houston office opened in January 2017 and established the firm’s first office in the USA. According to the firm’s website, Houston is a key touchpoint for several of the firm’s chosen sectors, including energy, marine, and insurance. Gibson Dunn & Crutcher, a 1,300-lawyer firm from Los Angeles, opened a Houston office in March 2017 to expand its energy practice. Initially, Gibson Dunn lured away two top local energy lawyers: a partner from Latham Watkins and another from an energy company. Then, in April, six Baker Botts partners left their firm to join the new office. We keep the pulse on the growth of Houston law firms. Let Collier Legal Search help you expand your legal staff as you grow.

Law Firms Flock to Houston Read More »