After a rather challenging 2020 for everybody, it’s important to take a look at the upcoming challenges that the law industry is facing this year, along with ways to overcome them.

Coronavirus restrictions

The coronavirus pandemic has affected all sectors and industries throughout the past year and a half, with unpredictable changes for many. With many staff furloughed and unable to leave their homes, it’s been tough on the law industry trying to keep ahead with claims and provide exceptional service whilst running with a smaller number of staff.

Face to face meetings have been prohibited where possible and team calls have mainly had to take place digitally, which relies on strong internet speeds and everyone being available at the same time.

Flexible working

Again, with staff working from home and some law firms offering flexible working there could be issues with arranging meetings, getting work done efficiently and on time, and staying connected to the internet.

Some staff might also feel uncomfortable with the idea of going back to the office as restrictions ease, making it more difficult to arrange larger meetings that are best done in person or take on new projects and business plans or experiments.

Employee wellbeing

After a rather stressful period, the wellbeing of those who work in the law industry (and all industries) has been affected and it’s feeling hard to truly get our opinions across. This state of mental distress was seen to be considerably worse in women and young adults, with 63% of legal professionals claiming that they have suffered with daily stress.

What can be done to improve this?

Law firms and related workspaces should offer their staff time to take to themselves to get their wellbeing back on track. There should also be programs, such as motivational video calls, yoga sessions to unwind, or even book clubs to encourage a sense of community for the those who are still working from home.

Having a good plan in place to prepare for any future pandemics or other factors that could affect the industry will also help to offset any struggles that these businesses might face. One useful example would be to have effective and efficient ways in which they can provide their legal services. For a law company, innovating their legal service delivery could be a huge help towards keeping ahead of other firms within the market and staying afloat during harder times.

By Sumeet Manhas

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Only logged in users are allowed to post comments. Register/ Log in

The Market Oracle is a FREE Financial Markets Forecasting & Analysis web-site.
(c) 2005-2024 MarketOracle.co.uk (Market Oracle Ltd) - Market Oracle Ltd asserts copyright on all articles authored by our editorial team and all comments posted. Any and all information provided within the web-site, is for general information purposes only and Market Oracle Ltd do not warrant the accuracy, timeliness or suitability of any information provided on this site. nor is or shall be deemed to constitute, financial or any other advice or recommendation by us. and are also not meant to be investment advice or solicitation or recommendation to establish market positions. We do not give investment advice and our comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to enter into a market position either stock, option, futures contract, bonds, commodity or any other financial instrument at any time. We recommend that independent professional advice is obtained before you make any investment or trading decisions. By using this site you agree to this sites Terms of Use. From time to time we promote or endorse certain products / services that we believe are worthy of your time and attention. In return for that endorsement and only in the cases where you purchase directly though us may we be compensated by the producers of those products.