|By Business Wire||
|January 16, 2014 09:30 AM EST||
New research from global law firm Eversheds has revealed that a new breed of young lawyer is seeking to reform the legal sector. With global ambition and a desire to modernise the more traditional aspects of the legal profession, many young lawyers would like the law to be more like a commercial business than a profession and see embracing technology as the key to transforming what many consider to be outdated working practices.
The report by global law firm Eversheds, ‘21st Century Law Firm: Inheriting a new world’, surveyed 1800 young lawyers (23-40 years old) around the world to take a snapshot of the sector’s future leaders. It found an ambitious group who want to drive innovation in the legal sector.
According to the research, young lawyers are in search of new ways of working. They see engaging and connecting with clients as key and aspire to make better use of technology to help them work smarter and more effectively. A third (35%) feel that the sector does not use technology well enough and almost half identified ways to make their firms more efficient, including the use of project management techniques and technology to manage workloads.
Although nearly two fifths of young lawyers (39%) felt that the partnership model was out of step with the 21st Century, the majority (68%) do still aspire to become a partner, although there is an important gender variation with 77% of men wanting to be a partner compared to only 57% of women. In addition, nearly half of the men surveyed (46%) view the law as a career for life, compared to just 34% of women.
Age makes a difference too, with lawyers aged 26-30 being less likely to want to become a partner (only 65%) than the over 30s surveyed. This younger age group is also less likely to see themselves working at a law firm in 10 years’ time (56% of 26-30 years olds compared with 61% of lawyers outside the age group) or for the rest of their professional careers (37% of 26-30 years old compared with 43%).
There are also strong regional variations in how young lawyers view their careers. Lawyers in South America are far more likely to want to become a partner (79%) compared with their North American counterparts (58%).
Working arrangements are also a concern to young lawyers with over a third (38%) saying flexible working is crucial to their future career and over a quarter (28%) saying they would like to have better facilities to improve their working environment. A further 25% are seeking a better work/life balance and after the age of 28, this is the primary reason why lawyers say they would move firms.
The research also showed that gender inequalities in pay and opportunities remain a problem. Women are rewarded better in the early stages of their careers, but the situation reverses three years post-qualification when men start to earn more, with the gap widening as they progress through their careers. Between the ages of 21 and 25, women earn 30% more than men. However, between the ages of 26 and 30 men earn 11% more than women and by the ages of 36-39 the gap has widened to 25%.
Lee Ranson, Managing Partner at Eversheds, comments:
“The last five years have seen unprecedented changes in the legal profession, with younger lawyers adapting to this change early in their careers. This generation has the potential to transform the way in which the legal profession works, but there has been little research carried out into the views and aspirations of young lawyers. Eversheds conducted this innovative research to identify their unique concerns, opinions and ambitions.
“While they have much in common with previous generations, these young lawyers do have some different priorities. With their greater sense of ‘connectedness’, this generation sees the world as a smaller place and working internationally is more important to them than to prior generations. Two thirds (62%) view being exposed to international work as an essential factor in the choice of employer.
“With nearly half of young lawyers surveyed saying they believe they can identify constructive ways to make their firms more efficient, it’s clear that these are voices that should be listened to. As this generation is voicing some concerns over how their career can fit with their life ambitions, it’s important that the legal sector listens to and addresses these concerns so that it can continue to attract, build relationships with, and retain the brightest talent.”
Notes to editors
About Eversheds LLP
Eversheds LLP and its world wide associate offices have over 4,500 legal and business advisers providing high quality legal services to the private and public sector and business and finance community. Access to all these services is provided through the firm’s global operations. Eversheds combines local market knowledge and access with the specialisms, resources and capability of one of the world’s largest law firms.
About 21st Century Law Firm: Inheriting a new world
This report is the third report in a series that looks into the future of the legal market.
The first study, launched in 2008 found that clients were becoming more focused on costs and were welcoming the end of the ‘billable hour’. The second report in the series was launched in 2010 and identified an emerging client revolution, as in-house lawyers increased in professional and status.
This latest ‘21st Century Law Firm’ report takes the debate to the next stage by looking specifically at what the next generation of lawyers want from their future careers, from their employers; and how they see the profession ten years from now. Their responses reveal a driven, ambitious and mostly satisfied group of young professionals. While they have much in common with the previous generations, there is a great deal they would like to change. As this generation moves into management and leadership positions in the decades to come, the new shape, culture and characteristics of the 21st century law firm and profession will be what they choose to make it.
The move to the cloud brings a number of new security challenges, but the application remains your last line of defense. In his session at 15th Cloud Expo, Arthur Hicken, Evangelist at Parasoft, discussed how developers are extremely well-poised to perform tasks critical for securing the application – provided that certain key obstacles are overcome. Arthur Hicken has been involved in automating various practices at Parasoft for almost 20 years. He has worked on projects including database dev...
May. 27, 2015 06:00 AM EDT Reads: 2,753
In this scenarios approach Joe Thykattil, Technology Architect & Sales at TimeWarner / Navisite, presented examples that will allow business-savvy professionals to make informed decisions based on a sound business model. This model covered the technology options in detail as well as a financial analysis. The TCO (Total Cost of Ownership) and ROI (Return on Investment) demonstrated how to start, develop and formulate a business case that will allow both small and large scale projects to achieve...
May. 27, 2015 05:30 AM EDT Reads: 3,146
Cloud Foundry open Platform as a Service makes it easy to operate, scale and deploy application for your dedicated cloud environments. It enables developers and operators to be significantly more agile, writing great applications and deliver them in days instead of months. Cloud Foundry takes care of all the infrastructure and network plumbing that you need to build, run and operate your applications and can do this while patching and updating systems and services without any downtime.
May. 27, 2015 05:30 AM EDT Reads: 3,495
Are your Big Data initiatives resulting in Big Impact or Big Mess? In her session at Big Data Expo, Penelope Everall Gordon, Emerging Technology Strategist at 1Plug Corporation, shared her successes in improving Big Decision outcomes by building stories compelling to the target audience – and her failures when she lost sight of the plotline, distracted by the glitter of technology and the lure of buried insights. The cast of characters includes the agency head [city official? elected official?...
May. 27, 2015 05:30 AM EDT Reads: 3,309
Building low-cost wearable devices can enhance the quality of our lives. In his session at Internet of @ThingsExpo, Sai Yamanoor, Embedded Software Engineer at Altschool, provided an example of putting together a small keychain within a $50 budget that educates the user about the air quality in their surroundings. He also provided examples such as building a wearable device that provides transit or recreational information. He then reviewed the resources available to build wearable devices at ...
May. 27, 2015 04:30 AM EDT Reads: 3,946
After a couple of false starts, cloud-based desktop solutions are picking up steam, driven by trends such as BYOD and pervasive high-speed connectivity. In his session at 15th Cloud Expo, Seth Bostock, CEO of IndependenceIT, cut through the hype and the acronyms, and discussed the emergence of full-featured cloud workspaces that do for the desktop what cloud infrastructure did for the server. He also discussed VDI vs DaaS, implementation strategies and evaluation criteria.
May. 27, 2015 04:00 AM EDT Reads: 4,492
The emergence of cloud computing and Big Data warrants a greater role for the PMO to successfully manage enterprise transformation driven by these powerful trends. As the adoption of cloud-based services continues to grow, a governance model is needed to orchestrate enterprise cloud implementations and harness the power of Big Data analytics. In his session at Cloud Expo, Mahesh Singh, President of BigData, Inc., discussed how the Enterprise PMO takes center stage not only in developing the app...
May. 27, 2015 03:30 AM EDT Reads: 2,545
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happe...
May. 27, 2015 03:00 AM EDT Reads: 5,711
We certainly live in interesting technological times. And no more interesting than the current competing IoT standards for connectivity. Various standards bodies, approaches, and ecosystems are vying for mindshare and positioning for a competitive edge. It is clear that when the dust settles, we will have new protocols, evolved protocols, that will change the way we interact with devices and infrastructure. We will also have evolved web protocols, like HTTP/2, that will be changing the very core...
May. 27, 2015 02:30 AM EDT Reads: 5,327
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, examined three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective ...
May. 27, 2015 02:00 AM EDT Reads: 6,104
Collecting data in the field and configuring multitudes of unique devices is a time-consuming, labor-intensive process that can stretch IT resources. Horan & Bird [H&B], Australia’s fifth-largest Solar Panel Installer, wanted to automate sensor data collection and monitoring from its solar panels and integrate the data with its business and marketing systems. After data was collected and structured, two major areas needed to be addressed: improving developer workflows and extending access to a b...
May. 27, 2015 01:00 AM EDT Reads: 1,891
When an enterprise builds a hybrid IaaS cloud connecting its data center to one or more public clouds, security is often a major topic along with the other challenges involved. Security is closely intertwined with the networking choices made for the hybrid cloud. Traditional networking approaches for building a hybrid cloud try to kludge together the enterprise infrastructure with the public cloud. Consequently this approach requires risky, deep "surgery" including changes to firewalls, subnets...
May. 27, 2015 12:00 AM EDT Reads: 4,165
Containers Expo Blog covers the world of containers, as this lightweight alternative to virtual machines enables developers to work with identical dev environments and stacks. Containers Expo Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Bookmark Containers Expo Blog ▸ Here Follow new article posts on Twitter at @ContainersExpo
May. 26, 2015 11:00 PM EDT Reads: 736
The true value of the Internet of Things (IoT) lies not just in the data, but through the services that protect the data, perform the analysis and present findings in a usable way. With many IoT elements rooted in traditional IT components, Big Data and IoT isn’t just a play for enterprise. In fact, the IoT presents SMBs with the prospect of launching entirely new activities and exploring innovative areas. CompTIA research identifies several areas where IoT is expected to have the greatest impac...
May. 26, 2015 09:00 PM EDT Reads: 4,839
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. 8th International Big Data Expo, co-located with 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. As advanced data storage, access and analytics technologies aimed at handling high-volume and/or fast moving data all move center stage, aided by the cloud computing bo...
May. 26, 2015 08:45 PM EDT Reads: 1,428