Saturday, December 27, 2014
The Cowan Group, a legal consulting and search firm in NYC, recently released its 9th Annual eDiscovery & Litigation Support Salary Survey which polled a variety of ediscovery professionals and vendors, including AmLaw 200 firms, about the expected demand for services in 2015. Based on those responses, the Cowan Group report estimates that, on average, demand will be increasing among law firms, corporations and vendors approximately 30% for the coming year. The biggest increase in demand is expected to be for analysts, paralegals, ediscovery attorneys, and consultants. In particular, based on the 297 survey responses received, the report estimates 165 new ediscovery jobs will be created in 2015. Here's an excerpt from the executive summary.
The Cowen Group is pleased to announce the results from our Ninth Annual Salary Survey.
This year we received 287 results by requesting information directly from professionals at all levels of employment, including Technologists, Project Managers, Managers, Directors and Attorneys. We supplemented our online questionnaire by conducting first person research and integrating data from candidate interviews and placements at the nation’s top law firms and vendors.
We received responses from over half of the AmLaw 200, and for the first time we expanded our survey to include data and analysis from corporations, vendors, and mid-size law firms. We received 90 responses from corporate participants.
This increased corporate participation reflects a trend we have been predicting for two years that is finally coming to fruition—increasing ownership of discovery functions in corporate law departments. While the demand for eDiscovery talent is predicted to remain the same for most organizations in 2015, on average, 30% of firms, vendors and corporations intend to grow their practice groups. As a whole, corporations are predicting the biggest increased demand for Analysts, Paralegals, eDiscovery Attorneys, and Consultants.
Overall, we predict approximately 165 new positions will be created in Am Law 200 firms in 2015, with demand focusing primarily on Project Managers and Analysts at AmLaw 100 firms. 91% of participants reported that this increase in hiring is influenced by an increase in workload. 33% of firms said hiring is also influenced by a chance to pursue new opportunities, and 15% said hiring is influenced by a need for new skills and competencies.
You can read the full report here.
Hat tip to Law Technology News.