While the Dallas-Fort Worth area has traditionally been a booming economic market in general and a growing legal market more specifically, the lingering effects of the COVID-19 pandemic have somewhat shifted the city’s traditional legal efforts. Financial services, commercial real estate, and litigation have suffered somewhat, but they’ve begun to recover from the worst effects of the pandemic.
Diversity is defined as “the condition of having or being composed of differing elements; variety; the inclusion of people of different races, cultures, etc. in a group or organization” by Merriam-Webster. While all of us would conclude that promoting diversity and inclusion in recruitment is a positive thing, precious few organizations seem to achieve it, particularly at higher levels of an organization. A 2020 study published by Stanford University found, “Racially diverse executives hold only 16 percent of total C-suite positions. … Twenty-six of the Fortune 100 have no ethnic diversity at the C+1 level, and 6 have no ethnic or gender diversity at this level.”
We were recently asked to make a presentation to managing partners of small law firms in Texas on best hiring practices. In preparation for this seminar talk, we were reminded of the importance of RETAINING existing talent.
Relocating your talents as an attorney is an exciting time as you explore endless possibilities based on your personal goals and experience. With all the practice destinations out there, making the best relocation decision isn’t always easy when your career weighs in the balance. As one of the hottest legal climates in the entire country, Austin, Texas, should be included on any prospecting lawyer’s watch list. Here’s why you should consider the Austin legal market when making a career change in 2022 and beyond.
As a hiring manager, sifting through reams of candidate resumes and conducting countless interviews can seem like a full-time job when you’ve already got a full plate. Finding enough talented candidates with the skills and experience necessary – ones that will stick around for a while – is not only very time consuming, but can be like searching for a needle in the proverbial haystack and take the hiring manager away from other important aspects of his job. There is also a hidden cost for every attorney hire that goes unfilled, such as higher outside counsel fees or risks that are being taken by the business because no lawyer is reviewing the deal or the contract. Working with a legal recruiter is one way to lighten the hiring manager’s load so that they can focus on the other aspects of their job description. A legal recruiter will also lower the company’s indirect costs of having an attorney opening go unfilled by helping the company make a hire more quickly, more efficiently, and more effectively. Here are three signs that it might be the right decision for your company.
Momentum Search Partners is pleased to congratulate Kevin Trautner and Gravity Oilfield Services for his one-year anniversary as Senior Vice President, General Counsel and Secretary, and for Gravity’s recent hire of Zach Gaver as Commercial Counsel. A graduate of UVA Law School, Kevin has extensive experience providing legal services to the energy industry, both in private practice and in-house. Kevin was a partner at several prestigious AmLaw 100 firms in Houston, and has over 25 years of experience advising public and private companies in mergers and acquisitions, joint ventures, securities filings, board matters, complex high-risk issues and corporate governance matters.
Spurred on by strict regulations, high taxes, and an inflated housing market, the mass migration of tech companies from Silicon Valley to Austin, TX, shows no signs of slowing down. Within the last year or so, Oracle, 8VC, FireTrail, and Question Pro announced plans to move their corporate headquarters to Austin, aka “Silicon Hills.”
Although we would probably prefer to do so, the last two winters are ones that residents of Austin, TX, will soon not forget. In February 2021, winter storm Uri paralyzed the area for days with a mix of freezing rain, snow, and frigid temperatures. The storm caused widespread power outages that impacted thousands of households and businesses while further – and sadly – resulting in hundreds of deaths.
Testing the job market waters on a periodic basis is a good idea and hopefully, a satisfying way to scratch that itch. A good start would be to develop a relationship with an experienced recruiter that you can periodically contact with job search questions or who will contact you with job opportunities. Our experienced team of Texas legal headhunters normally sees a spike in hiring towards the end of summer. In fact, early Fall is a busy time for most in-house legal departments and law firms as they add attorneys, paralegals and compliance staff to meet deadlines and prepare for the upcoming year.