Legal tech is shaping the future of law firms

techmanga June 27, 2021 0 Comments



Today’s workforce and recruitment landscape


It shouldn’t come as a surprise that we’re in the middle of a massivedemographic shift in the working world. Here are just a few of the majorworkforce trends that recruiters will be expected to address going forward: * More and more Baby Boomers are retiring, leaving a skill and experience gap in management and executive roles. * Gen Z is now joining the workforce, along with Millennials. * But there are still not enough Millennial and Gen Z workers to replace all retiring Baby Boomers. * A rising gig economy, where more and more people will work as freelancers or on short-term contracts. * A continued shift in many industries towards automation and remote working.As a result of these trends, recruiters can expect continued and increasedcompetition for top talent – as well as a stronger emphasis on talentmanagement and succession planning – and their recruitment strategies thisyear should reflect that reality.

1. Develop a company culture that attracts top talent


The first, and perhaps most important, a traditional recruiting technique youshould invest in is creating and nurturing a positive company culture thatpeople want to be a part of. Spending time and resources on attracting thebest talent means little if your company culture falls short of youremployees’ expectations.While company culture isn’t usually thought of as a ‘recruitment technique’,having a strong company identity goes a long way in pitching yourself tocandidates. If you’re a company that’s lucky enough to have a strong culturealready, then be sure to promote that fact throughout your recruitmentstrategy.If your company culture is a weak point, then consider ways in which you canwork with people throughout your organization to improve this criticalbusiness element.

2. Recruit and develop talent internally


Recruitment is typically thought of as an external exercise, but perhaps thebest way to guarantee you find the right person for a role is to promotesomeone from within your organization. Hiring internally is a valuablerecruitment strategy because it guarantees that you’re filling vacantpositions with people who already understand your company, its culture andwhat is expected of them.Additionally, recruiting internally shows employees throughout yourorganization that you’re committed to their progression and growth. A strongtalent management program that focuses on development, succession planning,and upward movement is a great way to show employees and candidates thatthere’s a future for them at the company.

5. Hire a company that specializes in Recruitment Process Outsourcing


(RPO)While best practice recruitment methods are obviously ideal, many companiessimply don’t have the resources to consistently execute them at a high level.If you work for a smaller company, or don’t have enough resources to find,screen and hire the best talent possible, then you might want to considerhiring a company that specializes in Recruitment Process Outsourcing (RPO).RPOs are companies that you can hire on a monthly or yearly basis to manageyour entire recruiting strategy. While traditional recruitment agencies willtypically only source their own candidates for your vacancy, RPOs work withyou and your existing channels to find the best prospects available.They manage the full recruitment strategy and process, including writing jobdescriptions, screening candidates, working with hiring managers to find theright fit, and improving your employer branding. RPOs are a far more cost-effective means of recruiting talent than agencies because they do not chargeflat rates based on hiring salary, and you also have continual access to allprospect you contact, even after your contract with the RPO is complete.

6. Data-driven recruitment


As companies increasingly adopt different technology platforms to helpstreamline their hiring processes, data-driven recruitment will help drivesmarter strategies for finding and screening candidates. These platforms allowrecruiters to manage candidate data securely, ad platforms, screeningpractices, onboarding, and talent management.In 2021, companies should take a deep dive in their recruitment data and helpthem find insights into how they can adapt, improve and streamline theirrecruitment strategy going forward. For teams looking to adapt and thrive inthe future, this is a top recruitment method to embrace and add to yourrecruitment strategy plan in 2021.

10. Strategic recruitment marketing


Like employer branding, recruitment marketing is a technique that’s designedto strategically position and advertise your company in the most efficient waypossible. Recruitment marketing refers to a variety of strategies that anorganization uses to find, attract, and nurture prospects before they applyfor a job.The most common recruitment marketing techniques include creating targetedaudience profiles, customized content and marketing materials, a careerswebsite, job advertising, social media, candidate lead capturing andnurturing, and data collection.Taken as a whole, these recruiting techniques help create a measurablecandidate funnel that you can harness to fill your vacant positions.

15. Google job search


If you aren’t taking advantage of Google’s job search feature, perhaps it’stime you did. When anyone searches for job sites and pages on Google, asmillions do every day, the search engine produces listings of current jobsavailable appropriate to each user. You don’t have to be a huge job site toqualify; all it takes are a few simple steps to get your positions included.If the process appears a little daunting, many ATS systems and job pagesautomatically include posting to Google’s job search as standard. If you’reusing an ATS as part of your process, check it’s adding your new positions,and if you’re not using an ATS—why not?!

18. Social media recruiting


One of the more poorly utilized or badly managed recruiting techniques, socialmedia recruiting can provide great results in tracking down candidates whencarried out correctly.Although hiring through social media isn’t anything new, it’s still a powerfulway to reach candidates. With so many users, so many platforms, and so manymethods to reach out, SM recruiting techniques are often free or holdincredibly good value; hirers would be remiss to fail to include them as partof their process.Depending on your brand, some platforms will work better to find your idealhire than others. Don’t count out any less conventional platforms either, asthere are plenty of opportunities in places you might not have considered.Have you tried Tinder or any of the dating apps to spread your reach? If yourmarket is less mainstream or youthful, do your hires fit into the demographicsyou’ll find on Snapchat or TikTok? Just because you haven’t tried them yet,doesn’t mean it won’t work for you.

Recruitment strategy plan for the future


Be creative, and don’t be afraid to think outside of the box when it comes tochanging up your recruitment methods. Look at your selection strategies andrecruitment processes critically. And look beyond your own environment;innovative recruitment methods may be sitting right under your nose.Standing out from the rest of the crowd will go a long way to securing thebest talent in 2021! * * *Brendan is an established writer, content marketer and SEO manager withextensive experience writing about HR tech, information visualization, mindmapping, and all things B2B and SaaS. As a former journalist, he’s alwayslooking for new topics and industries to write about and explore.How you can grow your law firm with legal tech in 2020The legal industry is at a pivotal moment to rethink the traditional way ofworking. For many legal firms, this means using technology to drive theirbusinesses forward and to remain competitive.New trends are emerging within legal analytics, cloud computing, andartificial intelligence to help your firm reduce costs, improve datamanagement, and automate workflows. Let’s explore a few of these trends below.

Legal tech predictions for 2020


Stephen Allen, head of innovation at Hogan Lovells, expects four emergingtrends for 2020 and beyond. Allen outlined the following predictions throughan email interview: * Cultural change projects: Law firms will move from ‘buying stuff’ to ‘cultural change projects’ to drive the adoption of technology. * Market consolidation: Consolidation will leave the best products and services to adapt to the market. * Platforms: Legal tech companies will integrate with one another to help law firms serve their clients. * Process automation: Law firms should explore using standard robotic process automation tools to increase efficiency and reduce the ‘human error’ risk of mundane administrative tasks.Another prediction is the launch of technology specifically for solo lawyers.Kristin Tyler, co-founder of LAWCLERK, states, “Historically, a lot of techtools have been geared toward big law. I predict we’ll see a shift with moreand more tech tools being aimed at solo attorneys and small firms. Solos andsmall firms make up a huge segment of the legal industry and are becomingincreasingly sophisticated in implementing tech to better serve theirclients.”

Integrating legal tech into your law firm


2020 is being described as a year of opportunity for legal technologybusinesses. Allen says one mistake law firms make is using legal tech as anadditional step to their old way of working. Instead, Allen says legal firmsneed to: * Plan: Develop a new process for your law firm to implement the technology, ideally increasing efficiency without increasing risk. * Standardize: Build processes and playbooks for project stakeholders to work in a new way. * Manage: Explore legal project management to hold lawyers accountable. * Communicate: Discuss with your team how the technology will benefit clients.Technology can also open doors to free your team from monotonous, manual,administrative work. By enabling easier collaboration, legal technology allowslaw firms to work alongside specialized experts to use their talent to reduceworkload and manage routine tasks like document review.

Legal tech is shaping the future of law firms


Despite an initial reluctance, law firms are increasingly realizing thebenefits of technology. Legal analytics, cloud computing, and artificialintelligence are just a few trends shaping the future of the legal industry.While understanding the technology is valuable, planning and implementationare the keys to actually using it to grow your law firm.Learn more about QuickBooks Online Advanced for law firms.15 most in-demand Tech skills for 20202020 isn’t far away. As a professional, you might be focusing on the changeshappening in your workplace and how to mold yourself into these tech skills.We are concerned about the fact that the IT field is a dynamic one with somuch happening day today. So software engineers should stay updated with theseemerging tech skills.Let’s have a look at some of the top tech skills that will be in demand in2020.> >>Table of Content<<>> * * *1. Machine Learning –Subset of AI. Scientific study of algorithms andstatistics models.2. Data Visualization– Graphic representation of data using statisticalgraphics plots etc.3. UI/UX Design– Designing of user interfaces for machines and software4. Cyber Security– Protection of computer system from theft or damage ofsoftware, hardware etc5. Cloud Computing – It is the on demand availability of computer systemresources.6. Artificial Intelligence– Intelligence demonstrated by machines7. Data Science– Data Science is the same concept as data mining and bigdata.8. Digital Marketing(SEO/SEM Marketing)– Marketing of products in internet.9. Mobile Application Development– Process of developing mobile apps forvarious purposes10. Software Testing– Process of testing a software app with the intent offinding bugs.11. Business Analysis– Study of identifying business needs and determiningsolutions to business problems12. Natural Language Processing– Interaction between computer and humanlanguages13. Industrial Design– Designing products for a larger audience14. Extended Reality(AR and VR)– real and virtual environments created bycomputer graphics.15. Blockchain-transaction database based on Bit coin database

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