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Legal Tech: E-Discovery: Three Key Metrics Critical to Who Wins and Loses E-discovery Talent
According to Statista.com, the legal industry has grown from $713.23 billion in 2021 to $788.9 billion in 2022, which is a substantial increase for any industry in a year's time. This financial surge points to growth, but over the last two years, e-discovery has also been dramatically impacted by salary inflation and a resulting price increase for services.
There are three key industry metrics that have, and will continue to, articulate how law firms, service providers, software companies, and corporations compete for and win (or lose) talent in e-discovery: speed of hire, compensation inflation, and workforce evolution (remote vs in-office; contract vs direct hire).
It should be noted that he ESI job market changes rapidly in a post-pandemic economy. The following is the job market intelligence as of September 2022.
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