In a law firm career the way to the top is sideways

The idea of going lateral – or in normal language, switching firms – is not new. However, there might have been a time when switching from one firm to another, especially as a partner, raised eyebrows. Moving from one firm to another is now so normal that it has become the most common appointment to partnership. Here is the data to prove it The January 2019 AFR Law Partnership survey provided startling statistics. In the survey, 35 law firms reported appointing new partners. Of the 146 new partners, 90 were lateral hires and 55 were internal promotions. 62% of new […]

The most stressed out law firm in America or maybe the most realistic

A psychologist is in attendance at Hogan Lovells, two days a week in its Washington office and one day in its Baltimore office, reports Bloomberg Law. The role of the psychologist is to provide counselling and advice to the law firm’s staff. The psychologist, Dr George Wheeler has been working with law firms since 2006. He says that he has never seen a law firm where stress wasn’t high. If Dr Wheeler’s perception is correct, then that would make Hogan Lovells resident psychology service to staff is a case of accepting reality rather than being marked as America’s most stressed out […]

The Practical Guide to Finding Your Next Legal Job

By Jason Elias. No doubt you have worked hard to get where you are today. Achieving the required education and qualifications takes years of dedication and late nights. Life’s too short to be in a job you don’t enjoy. This holiday season is a great time to take stock of your career. Without the pressure of doing the work, you can make a considered strategic decision on your next career move. Taking the time to properly plan your legal career will have a significant impact on your long term career trajectory. The good news is that in Australia the legal […]

Legal Practices for Sale

Presented by Peter Frankl Pty Ltd LEGAL PRACTICES FOR SALE RECEIVE EMAIL UPDATES  Link to add email address  [confidentiality and privacy protected] SYDNEY PRACTICES FOR SALE General Practices Outer-West broad general practice (details soon) South-East Sydney – small family law practice Bankstown Council Area Conveyancing Practice Canterbury Bankstown General practice Blue Mountains Macarthur Region Southern Highlands Specialist Practices Employment Law practice Estate Planning practice Criminal Law (expressions of interest) SYDNEY PRACTICES AVAILABLE EARLY 2019 Eastern Suburbs general practice Family law practice in Hills District Outer-West broad general practice REGIONAL NSW PRACTICES FOR SALE Byron Bay Hinterland North West Major Town Regional Criminal […]

Are we about to experience a 2012 employment market for lawyers?

Between June 2012 and June 2014 the number of solicitor jobs advertised on the internet fell by 32%. For the economy as a whole, the unemployment rate rose to 6.4% during 2014. During those years there were plenty of headlines about law firms shedding staff and the oversupply of law graduates. But then, things took a turn for the better. From June 2014 to June 2018 the number of jobs for solicitors advertised on the internet increased by 31%. The unemployment rate for the whole economy fell to 5.4% – as at June 2018. The experience of the past decade, […]

Regulation driving growth in legal market with clients seeking every possible means to cope

Companies are setting up in-house legal functions for first time Mahlab research shows the in-house market is flourishing with existing in-house corporate functions growing 10 per cent, ahead of most law firm growth. An increased regulatory burden and pressure to reduce spending on external advisors have seen many Australian companies expand their legal teams or go to market for the first time to establish a legal function. The Mahlab Report 2018 is based on first-hand market intelligence gathered from clients and candidates of Mahlab executive search firm. Law firms reported strong financial performance, although revenue growth remained modest amid challenging […]

How you read your resume is not how recruiters or employers read it

Legal Practice Intelligence News Although you, your family and your friends think that your resumé is wonderful and who wouldn’t want to hire you, the reality in this crowded and competitive legal market is very different. There are not many recruiters who will sit down with you and help you craft your resumé. It’s their job to fill the next job, and if your resume has flaws, then someone else’s resumé is only one click away. Learn the art and science of resumé writing, here at Legal Practice Intelligence. Career development consultant and resumé writing specialist, Matt Tutty (pictured above) […]

Bowmark Capital backs buy-out of leading alternative legal services provider

Bowmark Capital, the mid-market private equity firm, is backing the buy-out of LOD (Lawyers On Demand), the fast-growing alternative legal services provider, from Bryan Cave Leighton Paisner (BCLP). “This is all about access to capital for our next stage of growth,” comments LOD CEO Tom Hartley.  “We have been exploring alternative options since the summer of 2017 following our successful merger with AdventBalance in Asia and Australia in 2016.” Neville Eisenberg, BCLP Partner responsible for LOD, said: “BCLP is extremely proud to have been a pioneer in the alternative legal services market.  Nurturing the creation of LOD over 10 years […]