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With Limited Talent Pool, ALSPs Might Have Hiring Advantage Over Big 4

The velocity with which ALSPs can move the hiring process as well as their growing prestige within the legal industry could make them more of an appealing prospect for legal talent. Frank Ready reached out to TRU founder and CEO Jared Coseglia for his thoughts on the subject.

“There’s enough demand and an unequal supply. And in general I would say that the talent is lacking from a holistic perspective, which is probably why UnitedLex hired those people. Because they understand that what they are trying to do in terms of legal secondment and business transformation at a holistic level,” Coseglia said.

The large size and scope of a Big Four firm could also make it difficult to advance a top candidate quickly through the hiring process. “[ALSPs] can move the interview process faster. I mean you go interview at a Big Four … and their process for acquiring talent is so slow,” Coseglia said. He adds, “There’s never any one person who can or is willing to accelerate the process in order to show nimbleness and acquire talent.”

Read the full article HERE!

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TRU Tips

An online job ad receives about 250 resumes on average. From these 250 applications, about 2% receive interviews.

Top 3 Reasons A Staffing Agency Is Preferable To Self-Submission
  • 98% of Fortune 500 companies use Applicant Tracking Systems (ATS), which often weed out 75% of applications before they reach human eyes, sometimes for irrelevant reasons like the way your resume is formatted.
  • As many as 50% of jobs are filled internally before even making it to the public eye. Some of these jobs are posted online to fulfill legal requirements, but an external candidate has little chance of landing the role.
  • Referrals have a 50% shot of getting an interview whereas for non-referrals, that drops to just 3%. In fact, 40% of hires come from the referral pool, which is only 7% of applicants.

Tip and TOP 3 courtesy of Forbes.com

Wednesday, 24 February 2021, 17:09
Publications
TRU Trends, produced in partnership with ACEDS

"TRU Trends" is a monthly blog, produced in partnership with Association of Certified E-Discovery Professionals (ACEDS). Posts will take on the month’s most important trends, biggest opportunities, and shifts in the ESI market that will affect ACEDS members and readership.

Written by Jared Coseglia for ACEDS.org

Monday, 22 February 2021, 16:08
Multimedia
Q1 2021 LEGALTECH JOB MARKET REPORT
Monday, 22 February 2021, 11:58