The most in demand Litigation contingent roles
According to a survey by litigation funder Harbour, the legal services industry has been particularly hard hit by the Great Resignation, with 45% of law firm partners noting retention as their main issue throughout the pandemic.
It is no surprise that litigation contingent roles are to be one of the fastest growing professions of 2022 and into 2023
It takes a quick LinkedIn search to see that the legal market is in need of talented paralegals, senior paralegals, and in-house corporate paralegals. The market is seeing that the paralegal industry in 2022 is not going to fade away or slow down. This is especially prominent for contingent workforce.
Firms are relying on the contingent workforce now more than ever
Due to the pandemic’s heightened demand for litigation paralegals in 2022, it is projected that an increase in legal services will be necessary in numerous sectors around the world.
To keep up with expanding workloads, corporate legal departments may need to hire litigation paralegals who can fill in the gaps and get right into new projects. Whilst other projects will need contract personnel with knowledge not accessible in-house to help.
The desire to save money is not new. It is not brand new for any year, let alone 2022. But, especially this year, due to the pandemic, you will find legal departments doubling down on reducing expenses and figuring out how to improve processes and practices. Companies have been looking for ways to cut money for the past year, and legal departments will not be immune to the budgetary scrutiny that will occur as a result. Firms are now hiring contingent litigation paralegals to play a key part in generating these savings for themselves.
So, what are the most in demand roles and why are firms in a hiring frenzy for these types of contingent roles?
- Litigation Executive:
On top of our list are Litigation Executives. We have seen an increased need for litigation executives that have experience in end-to-end litigation of financial mis-selling cases and want an opportunity to develop their career as commercial litigators.
These individuals will usually run caseloads of circa 250 small claims track matters, at any one time. They will handle cases from the point they are defended through to conclusion.
The need for Litigation Executive contingent roles is high as regulators are targeting financial firms’ mis-selling claims Litigators who can demonstrate this experience and a track record of handling a large volume of cases, have proactive file management and the ability to identify and resolves issues, as well as experience in settlements and negotiations, will be highly desired candidates. However, firms will usually offer a detailed training programme to those without direct knowledge of financial mis-selling.
Pre-Litigation Executive CWI Claims
Second on our list are Pre-Litigation Executives. They are responsible for completing a wide range of tasks as claims are assessed and prepared for litigation. This role offers the opportunity to join a new project at the start and will allow the successful applicant the opportunity to impress and move onto more senior roles as the project develops.
Day- to- day activities include completing a wide range of tasks as claims are assessed and prepared for litigation. These individuals will prepare and check legal documents for quality, consistency, and content at various stages of the process as well as develop cases by chasing for replies from the Surveyor or client.
- Senior Legal Executive (Quality Checker):
The third most in demand litigation contingent role belong to the Senior Legal Executive (Quality Checker).
Their day-to -day activities include advising on cases to clients, other departments, and relevant third parties, checking the work of legal executives for quantity and quality to ensure cases are appropriately assessed, managed and conducted in a proactive and commercially focused manner. 5 + years in an earlier Legal Executive role would be advantageous for this role.
Why become a litigation paralegal in 2022?
You can achieve your long-term career goals by working as a litigation paralegal. This will allow you to get legal experience while also proving to a law company that you have the necessary attributes to advance to the position of solicitor.
Many lawyers and solicitors have used this experience to get to where they want to go in their careers. You can obtain a better grasp of the legal value chain and gain an emic perspective on the trial process. These positions also tend to pay well in the market and provide opportunities to gain new skills, advance your legal career and. build your network within the legal field.
Make your next career move a great one with Momenta
Momenta is a global contingent resource solutions company, supplying skilled professionals to the financial services, legal, technology, and training and development sectors for over 30 years.
If you believe you may have the right skills and experience for an exciting new project with us, get in touch. By becoming one of our associates, you join a company that provides people with quality opportunities, development, and ongoing support globally.
If you are looking for a new financial crime role opportunity in the contingent workforce, start your journey with us today.