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The Top 10 2022 Job Market Predictions in Legal Technology
In 2022 hiring will remain the top obstacle to business fulfillment across the e-discovery, data privacy, and cybersecurity landscapes. Here's how to stay a cut above the competition — whether you are an employer or a job seeker.
2021 was an unprecedented year of economic growth, with staffing challenges at the forefront of nearly every sector of the global economy. Legal technology was no exception, and in 2022 hiring will remain the top obstacle to business fulfillment across the e-discovery, data privacy, and cybersecurity landscapes. Here are the top 10 predictions for 2022's job market and some advice on how to stay a cut above the competition — whether you are an employer or a job seeker.
|1. Speed of Hire Will Never Be the Same Again
Whether there is ever a full return to in-office, or work stays hybrid or fully remote, remains to be seen, but the pandemic forever changed the speed at which new people are hired. 100% of first round interviews for every candidate at every level through TRU in 2021 were virtual. 90% of all subsequent interviews were also virtual. Virtual interviews expedite the process exponentially. The timeline for hiring an ESI project manager (PM) in 2019 was three to six weeks. In 2021, it took an average of eight business days from resume submission to offer extension for mid-market ESI talent (PMs, analysts, consultants), and a shocking 72 hours for contractors at the same level of experience. For data privacy and security, the timetables are not much different. CPO hiring cycles went from three to six months, to now three to six weeks on average. Virtual interviewing and quick hiring decisions are no longer just competitive advantages — they will be requirements to win the war for talent.
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