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Human Capital in the New Legal Ecosystem (Paperback)
Loot Price: R4,966
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Human Capital in the New Legal Ecosystem (Paperback)
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The COVID-19 pandemic has changed working practices across the
globe. It has been predicted that as much as 80 percent of the
legal workforce will remain transient or permanently working from
home after the COVID-19 crisis ends, with only around a fifth as
full-time office workers. Although law firms typically weather
downturns better than the overall economy, revenues, working
practices, and working culture will all change. The expected
economic downturn may not directly translate into a decline for
professional services, as market difficulties, regulatory
responses, stimulus programs, changes in employment, and other
stressors provide potential sources of demand - particularly in the
legal sector. What is clear is that personnel issues will come to
the fore, and law firm leaders will have to respond proactively,
both to mitigate risk and to make the best of a challenging and
changing situation. Transitioning from an industry famed for office
working to one that is more responsive, flexible and
individualistic will provide as many opportunities as it will
challenges.
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