Hiring Better in BigLaw

The number of jobs in the U.S. legal services sector shot up last month after nearing its lowest level this year. While the count includes a range of legal workers, the majority are lawyers, Labor Department figures show (Reuters, 2023). Now is an opportune time for law firms to retain new associates.

According to a 2017 NALP Update on Associate Attrition, the approximate cost of replacing an associate is between $200,000 and $500,000. Now imagine what it costs today! It’s critical to make the right hiring decision otherwise it could cost the firm big time. Talent Engines created an AI powered Talent Acquisition Platform (TAP) to ensure forms hire the best candidate, ultimately combating the high costs associated with employee turnover.

The biggest difference when comparing Talent Engines to other recruitment processes is the use of AI and the immense focus on relationships. The Talent Acquisition Platform (TAP) increases efficiency by automating traditional recruitment methods, such as sorting through resumes. In addition to analyzing skill set, personality traits and work culture preferences of each candidate are also taken into consideration. Taking this extra step to understand personalities and preferences ensures that the candidate is a good fit for the firm and vice versa, ultimately improving the overall talent retention and saving the firm money.

Visit Talent Engines to learn more about how your firm can retain talent better.

Source(s): Reuters, 2023.