A Great Time to be a Lawcruiter

Lawcruiter returns from his self-imposed isolation to remark that it is indeed a good time to be a Lawcruiter...

A current review of un-met associate-level attorney needs in Manhattan alone (approximately 700 searches listed, for multiple candidates in each case) for a universe of approximately 75 law firms in Manhattan alone represents (assuming an average fee of $45,000 per placement) approximately $31.5 Million in potential revenues...

Many of these searches are long outstanding, and information about these searches is disseminated among a wide spectrum of legal recruitment professionals – primarily because the existing pool of recruiters has been unable to meet these hiring needs. As a result, law firms continue to be motivated to work with the broadest possible pool of legal recruitment service providers in the hope that doing so will increase the likelihood of a successful hire.

Start-up costs for new recruiters continue to be low. Data-bases, once hard-to come by, are fungible and widely available. A basic database high-quality relational database program costs about $5000. Add to that phone costs, computer and email hosting costs and some advertising and, for a home-based start-up, you get a total initial sunk-costs of about $15,000 at worst. One placement puts you in the black. Dial for Dollars indeed...