To put it lightly, the hiring market is tough right now. How many positions in your firm have been open or left unfilled for quite some time? This is a perfect storm, really. Market activities and demand for legal services are high, but there aren’t enough resources to get work out the door.
Everyday a seat is empty; revenue opportunities and client satisfaction become challenged. This is a unique time and something I haven’t seen in over a decade of recruiting in the legal market. This is good news if you are an attorney exploring a move, as this is a great time to see your value and if another platform might be a better fit.
With the current challenges, it’s always a good idea to revisit best practices to make sure we are putting ourselves in the best position to be successful.
- Time – Time kills deals. If you like someone, move quickly through the process.
- Compensation – Compensation can’t always be based on your system or what someone coming in is currently making. Pay what the role is worth. What is the value of the person coming in? What is the cost of the lost opportunity, if we don’t close on this person?
- Tolerance – Be open-minded in regards to what you are looking for. Most times it’s better to hire talent, rather than just fill open jobs.
- Be creative – If your firm or legal department doesn’t have the budget or can’t find full-time resources, use contract/temporary attorneys. This is a practice of many leading companies.
Stop doing the same thing over and over while expecting a different result. If you’re going to win the war on talent, you’ve got to step up the offense. Identify the challenges. Analyze what hasn’t worked. Implement a new game plan. Good luck!
Nate Bogdanovich is the executive vice president at PS Companies. He can be reached at firstname.lastname@example.org