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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.