Jared Coseglia with TRU Staffing Partners published a great article through ACEDS with 10 'reality-based' predictions for the LTS job market in 2014. This is definitely worth a read. Check out a snip:
The legal technology job market is about to experience yet another revolutionary alteration. Sweeping changes in process, pricing and vendor intervention will dynamically affect the available opportunities in the job market. Here are the top 10 trends you need to know about and embrace in order to plan your future in 2014 and beyond.
The topics discussed are listed below. I'm totally impressed with the thoughtful optimism that was put into this piece, reinforcing almost verbatim the outlook we've been discussing in conference rooms for nearly a year. The storm has finally arrived and service providers will need to be flexible in pricing and heavy in talent in order to compete. We also expect to see alot more activity with universally accessible document management solutions like Xera with the rising cost and overhead (not to mention unclear direction) of the ever-growing Relativity 'platform'.
1) Law firms will do less technical heavy lifting in-house
2) Processing fees will slowly become obsolete
3) The salaries of senior project managers will soar at law firms
4) Managed review will slowly replace document review
5) Vendors will buy other vendors not for their talent or technology but for their client base
6) Vendor consolidation will mean higher salaries but fewer permanent jobs
7) Temporary litigation technology staffing will increase by 20-30%
8) Relativity licenses are up for renewal
9) Service companies will become software companies
10) Corporations will not hire in-house
More and more, the Platinum mantra rings clear. Give the people want they want:
- On-demand infrastructure solutions
- Fractional ownership in a multi-million dollar datacenter facility, bolting in compliance and security (PCI/DSS, SOC, SOX, SSAE, HIPPAA and more)
- Staffed by the most talented and capable litigation support team in the world
- With no contracts or minimums.
- Our flexible ESI management options don't tax clients for irrelevant data and are presented anywhere from a compliant, secure private cloud on any device, iPads included.
The article is among the best I've read in months. I hope you enjoy it as much as I did.
