Legal recruiters in New York have their work cut out for them, what with the recession coming to the legal industry later than in other industries, as usual with industry wide changes.
Well, don’t take me otherwise even if you are a legal recruiter from New York.
If you take a deep searching look, you’d know that lawyers and law firms adopt to widespread changes much later than other industries do. Whether it’s due to security concerns or for some other reason is difficult to define. But, if you just look around, you’d know that if there is any industry that still keeps 18th century traditions alive, and takes pride in doing that, it’s the profession of law. And legal recruiters in NYC, most being themselves from the legal profession, follow the pattern of legal industry professionals
Also, due to the peculiar nature of annual billings of law firms and cases dragging on year after year and continuing to yield revenue even after they are solved in court, the revenue inflow pattern of law firms travels at almost at a two-three year gap from the normal economy.
New York legal recruiters know that even if the economy is in a boom, it does not mean revenue in law firms are immediately up, though the same may be true for technology, or consumer goods manufacturers. Consequently, when the economy starts to suffer, the law industry feels the suffering much later, because attorney awards from the boom period keep rolling in.
So, as I was saying, things are going pretty rough for legal recruiters in New York this year, because the legal industry is feeling the deepest bite of the recession (remember economic changes affect the law profession two to three years later than for the rest of the economy), competition is higher, jobs are few, and every client is keen on having just the very best, which, by the way, is very difficult.
Legal recruiters in New York who are really into legal staffing nyc and network with legal recruiters nyc, know that regardless of economic recession or boom – the supply of quality always remains low. This is why legal headhunters in New York are working harder than usual, trying to find the few talented attorneys who may be open to a move in this tight economy, which, by the way, seems particularly risky for anyone comfortably entrenched in a law firm.