Technology’s rapid growth is affecting the legal industry. In 2018, businesses invested more than $1.6 billion in legal technology, a 713% increase from the year before! Legal professionals are currently implementing changes to ensure security, promote efficiency, and improve efficiency. As 2020 approaches, expect to see these trends at the top of the list:
Technology Brings In the Cloud
Put simply, the cloud is a virtual server that stores data so that you can save room on your hard drive. Users can access the data from a remote site with the proper credentials. The American Bar Association reports that while lawyers lag behind other professions, over half of them now use cloud technology to store data. Expect that number to increase in 2020. Google Docs and Apple’s iCloud top the list of cloud services, but other options include legal-specific cloud services like Clio, NetDocuments, and MyCase. Especially due the recent weather events, using cloud technology is a must. Law firms wan to be up and running as quickly as possible after a severe storm or power outage.
Cybersecurity
Because of all the personal and confidential data that law firms accumulate, storing data in a remote location, remains a concern. In a survey from the Association of Corporate Counsel Chief Legal Officers, 59% of chief legal officers said they feared cyber breaches even though only 24% had experienced a data breach.
A troubling number of attorneys are not taking the necessary steps to protect confidential data. The ABA referred to this problem as “a train wreck waiting to happen”.
Here are seven factors to consider when determining the appropriate level of cybersecurity;
What is the nature of the threat?;
How the confidential client information is stored and sent;
Are reasonable electronic security measures being utilized?;
What is the best way to protect electronic communications?;
Is the client information labeled as “privileged and confidential”?;
What type of training on cybersecurity is offered to attorneys and non-lawyer assistants; and
Is there a due diligence check on vendors who provide technology service?
The good news is that firms are taking more steps to protect client data by implementing more cybersecurity measures, such as:
Using Technology to Accomplish Automation
Cybersecurity requires due diligence from sentient beings. Automation and artificial intelligence (“AI”) can automatically accomplish tasks in other areas of the legal profession. Although these terms may be used interchangeably, artificial intelligence can responds to a myriad of events. Already, AI helps draft routine work, such as non-disclosure agreements.
The biggest barrier to implementing a cybersecurity plan is cost. Therefore, it is no surprise that AI/automation is prevalent at larger firms. AI/automation technology is can be used to analyze data from several sources, provide insight at a faster pace, and at a lower cost than humans can. Although ethical implications remain, this technology would allow attorneys more face to face time with their clients.
Using Technology to Analyze
Another use of “Big Data” that’s becoming more prevalent is the practice of analytics. Especially in trial preparation. Machines can more efficiently analyze data to gather information about a particular judge, attorney, expert witness, or the exact time a case takes to litigate a case in a specific courthouse. This use of technology is invaluable to a law firm.
Analytics is useful for a firm’s marketing, as well. Search engine optimization and services like Google Analytics provide feedback for law firm marketing staff to assist them with best practices and the most efficient ways to reach a target audience. Especially with strict rules regarding legal advertisements. Google analytics helps to streamline the process.
What comes next?
Finally, technology is rapidly evolving and disrupting many industries, and the legal profession is no exception. There is debate and disagreement among experts on how the legal industry will be affected. However, the trends from recent years reveal that technology will continue to dominate the industry in 2020.
Strategic Recruitment Solutions (“SRS”) focuses on Legal and IT Recruiting. We have industry-expert recruiters that can offer insight and guidance to help grow your business or your career. At SRS, our goal is to match top companies with top talent. With over a decade of experience of serving the Gulf Region, we are your one-stop-shop for information, guidance, and insight into the legal and IT markets. Call us today to see for yourself how easy finding your next rock star or dream job can be!
The 3 Major Advantages of Partnering With Executive Recruiters
If you’re at the top of your profession, consider speaking with an executive recruitment firm prior to a career change.
Even top-tier professionals and executive-level talent often need assistance navigating their own career path. As executive recruiters in New Orleans and Baton Rouge, LA, we hear many of our clients from the legal and IT industries admit that when the personal decision was made to seek out new opportunities, they immediately faced a huge obstacle: where to begin?
The names and faces of “Top Performers” within a specific industry are likely to be recognizable inside their business circles, especially in a localized region. If everyone knows your name, actively conducting a covert job search becomes next to impossible. Even making casual inquiries about potential opportunities to cohorts in your circles creates a significant risk to anonymity.
However, partnering with an Executive Recruiter not only protects your privacy when forging a new career path, but the relationship also offers 3 distinct advantages for talent at the top of their professional game.
Advantage #1: You’ll Have an Advocate, a Coach, and an Agent
If you’ve never used executive recruiters to assist in a job search, you may not even know what to expect from the relationship. First and foremost, a recruiter is YOUR ADVOCATE; they are watching out for your best interests and are working to find you the best match available. Being an advocate for your professional career means they’ll need to know a lot of details about you, a ton of background information, and will need a clear understanding of your ultimate career goals. When your recruiter/advocate is aware of all the pertinent information, they can design a very detailed map for your career path.
Did you know that even the most accomplished Hollywood actors typically consult with an acting coach prior to taking on a new project? Seasoned actors realized long ago that in order to ensure success in a new role, they must prepare and practice…and this is made possible by getting guidance from an acting coach. In a similar way, an employment recruiter assumes the role of COACH. Your recruiter/coach is available to guide you throughout the job search process, provides education and resources about potential new employers, and helps you prepare and practice for interviews.
In the same way, a professional athlete needs a sports agent, top-tier talent needs their recruiter to act as their CAREER AGENT. In this role, your recruiter will be actively seeking out attractive opportunities that match your specific skillsets, talents, abilities, and other factors (e.g.; location, salary requirements, workload). The agent role is also vital when it comes time to negotiate with potential employers. And this brings us to the next huge advantage…
Advantage #2: Your Recruiter Offers Guidance & Negotiation Skills
As stated before, your recruiter has a vested interest in your success. Therefore, you should expect they will guide and educate you through the entire process. From the first step of identifying and evaluating desirable opportunities to negotiating with the new employer and transitioning from your old company, your recruiter should be right there with you every step of the way.
One of the most sensitive (and sometimes, awkward) aspects of pursuing a new career opportunity is negotiating compensation. Even skilled sales pros or experienced courtroom litigators often balk at conducting tough negotiations on their own behalf; sometimes we’re simply too invested emotionally to have the right perspective on what is considered “attractive compensation”! However, experienced recruiters can remove the emotional element and negotiate based on current market data and other competitive factors. In fact, many company executives prefer negotiating with a third party when it comes to hiring top-level professionals.
Advantage #3: Executive Recruiters Have Access to Insider Information
Recruiters are familiar with the culture, reputation, business models and work environment of most prominent employers. This valuable insider information not only helps thoroughly prepare their talent partners for the interview process, but it also assists in matching candidates with the most desirable employment situation.
But the biggest advantage of “insider information” is that professional recruiters have the inside track on available (or potential) opportunities that have yet to become public. Simply due to the nature of their business, executive staffing companies are in constant communication with the companies they represent and thus receive advanced notice on positions that are likely to become available. Naturally, they quickly alert their qualified talent clients about these opportunities, which means you’ll be competing with fewer candidates at the outset. And being “first out of the gate” provides a significant competitive advantage over other job seekers who must wait for the opportunities to be posted publicly!
So if you are a top performing professional looking to forge a new career path, consider partnering with a trusted executive recruiting firm like Strategic Recruitment Solutions. We work with most of the law firms and technology companies in the Louisiana Gulf Coast region, as well as top companies throughout the nation. Therefore, we can provide access to positions in the Legal and IT fields that may not be advertised on job boards or a company’s website. Search our current opportunities or submit your resume to get started!
Although they are sometimes referred to as “professional headhunters”, executive-level recruiters generally try to work with candidates within a few specific industries, allowing executive recruiters to maintain a high level of expertise within those select fields. Their expert knowledge is used to match talent clients with positions where they’d most likely excel, help prepare candidates for the interview process, and even facilitate negotiations based on the most current industry data.