Here’s what’s trending in the legal industry: unhappy non-equity partners, False Claims Act and Cyber breach, stagnant lawyer wages, how to make professional connections, chief of staff positions in law departments, and more!
We recently released our 2019 Lawyer Happiness Survey Results and one thing that clearly stands out in both 2018 and 2019 is how unhappy Income Partners (also known as non-equity partners) are. Get your FREE copy of the results HERE. There are many reasons why Income Partners are so unhappy but here are 3 reasons we think Income Partners are so unhappy:
Here’s what’s trending in the legal industry: (1) law firms struggle to compete with alternative legal service providers, (2) 6 skills to get an in-house position, (3) law department workloads are increasing, (4) how not to piss off clients, (5) take advantage of any opportunity to grow, and much more!
Innovation in the legal industry isn’t limited to just technology. It takes many forms. A recent post by Roy Strom in the American Lawyer titled “Are Lawyers Ready to be Managed by Metrics?” and our April 3rd Nimble Legal Innovation Forum in Cleveland got me thinking about all the different ways innovation is taking hold in the legal industry. There will always be detractors because as Roy Strom wrote the “Legal Industry is painfully slow to adopt major changes, and lawyers often say work can’t be easily categorized or simplified.” The reality is major change is happening right in front of us and if you’re not paying attention you’ll get passed by. Here are 5 forms of Legal Innovation:
A recent Insight post by Rachel Gezerseh entitled “INSIGHT: Big Law Needs to Better Connect With Associate Talent - Cocktail Hours Aren’t Enough” got us thinking about some ways that law firms can improve both their hiring and retention efforts. We recently were interviewed by Columbus Business First regarding what law firms are doing to attract and retain millennials in the article , “Law Firms Focus on Flexibility, Happiness in the Race for Talent”. The author of the article, Laura Newpoff, interviewed us after viewing our 2018 Lawyer Happiness Survey Results, which among other things found that Generation X and Income Partners at law firms were the least content.
Law firms are increasingly turning to alternative legal service providers (or law companies) for strategic business reasons according to a new report by Thomson Reuters “Alternative Legal Service Providers 2019: Fast Growth, Expanding Use and Increasing Opportunity”.
With 2018 winding down we are reflecting on what a great year 2018 was! We’ll have a bigger announcement soon but our Blog recently won The Expert Institute’s Best Legal Blog for the Legal Tech category! We’ve heard the “12 Days of Christmas” repeatedly this month so as 2018 comes to a close here are Nimble’s Top 12 Blog Posts from 2018: