We know that timing is a key component to a job search but often think of it in terms of an applicant or candidate. The truth is timing can be just as critical for an employer looking to make a hire. Law firms and companies are often in competition for top attorneys – from an exceptional real estate associate to the partner-level attorney with a significant client base. If you can’t get to the offer in stage in a relatively short period of time, you may be missing out on some of the best people for your firm or business.
The legal market is fairly consistent in terms of hiring in that some areas are coveted more than others at certain times. For example, lately we have a seen a big push for securities attorneys (both law firm and in-house) and there are not many in the market. Someone with the requisite skills and experience is likely to have multiple options. Although every firm or company would like to think they offer something unique, to a candidate the opportunities can appear very similar so it might come down to who is able to extend an offer first. The intent may not be to force a candidate to make a decision but it can work in your favor since they know the offer might not stand too long. Likewise, the job search process can be very demanding and time consuming so many people would like to get it over with as soon as possible so they can just focus on work.
In a market that is quickly becoming competitive again for top legal talent, firms and companies should assess whether their hiring process is efficient enough not to jeopardize a hire solely based on timing. In fact, they may have seen first-hand how this can work against them. The key then is to take steps to eliminate this correctable disadvantage to become more competitive in the marketplace.