Study: Insurance defence to create plenty of legal jobs in 2018
Published: December 15, 2017
Updated: July 24, 2018
Author: Luke Jones
CATEGORY: Industry News
Insurance defence lawyers should be getting plenty of work during the first half of 2018 as high demand suggests insurance defence will yield legal job prospects. The prediction was made by legal employment agency Robert Half Legal after the firm conducted research.
The study found thirty-three per cent of lawyers in Canada interviewed for the research believe they will add now legal jobs through the first six months of 2018. Those same respondents believe the practice area most in demand is litigation, with 33 per cent answering. 34 per cent of those respondents believe insurance defence will be a major job opportunity through the first six months of next year.
“Law firms are focused on growing revenue in an increasingly competitive environment, while legal departments are being tasked to contain costs by managing more work in-house,” Jamy Sullivan, executive director of Robert Half Legal, said in a release. “To improve service levels, these organizations are recruiting legal professionals with highly specialized skills, strong business acumen and in-depth knowledge of their industry or sector.”
Only commercial litigation, which got 36 per cent of answers. Robert Half Legal conducted 150 telephone interviews with lawyers through Canada. The firm says 75 participants work for major companies with more than 1,000 employees, while the remaining 75 work for law firms with more than 20 employees. To ensure accuracy, all respondents in the study have authority to hire within their companies.
39 per cent of the lawyers asked believe a challenging work environment and the variety of cases are the best incentive to work with a legal company, aside from compensation or bonus.