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Coronavirus and the Legal Industry

6 Mins read

How to Make The Most Of a Bad Situation by Investing in Yourself

Coronavirus and the Legal Industry

 

Law is a competitive and specialized profession, requiring a lifetime commitment to learning. Whether you are a fresh graduate or 40 years in the business, keeping up to date with legal advancements is a must. 

If you’re a lawyer, now is the time to invest in yourself, with the coronavirus pandemic providing lawyers and workers across all professions with increased free time and flexibility to pursue learning.

 

The legal industry, at least in the short term, is being reshaped by the current global pandemic, with new opportunities and threats arising. Finding clients and staying profitable has never been so much of a challenge for law firms and individuals and according to a survey by the Law Society’s Law Management Section, law firms are forecasting a 10-20% drop in revenue over the period 2020-2021. Consequently, over the past few months, top law firms have been making pay cuts, furloughs and layoffs. 

 

Nevertheless, certain practise areas have grown, such as trusts and estates, with demand commonly surging for these practise areas during times of economic downturn. Moreover, due to Covid driven lifestyle changes and the stamp duty holiday, the housing market has grown leading to a high growth in law firms with conveyancing and property deparmartments. 

 

How to Make The Most Of a Bad Situation by Investing in Yourself

 

While  face-to-face interactions between lawyer and clients have fallen, remote working opportunities have increased, with well established legal giants with pre-existing online presences shifting focus on maintaining contact with clients via their online platforms, and new-comers such as Legamart providing online networking opportunities for lawyers across different jurisdictions.

 

Most businesses are facing challenges due to the coronavirus pandemic and the legal industry is no exception, however, what is currently important for lawyers is to focus on:

  • Brand building
  • Expanding their expertise by learning
  • Improving their social media profiles
  • Refining their CV

 

We have gathered some free resources to help you make the most of this period and increase your legal knowledge while taking advantage of all opportunities to improve your hireability. 

 

If you are a new graduate, a junior lawyer, a senior lawyer or a business person looking to improve your legal knowledge, boost your CV, or gain new business skills to run your business, we have searched to find the right course or service for you. Read below to find out more. 

 

Free Online Legal Courses 

Free Online Legal Courses 

The Importance of Legal Education According to Top Employers

 

As the world’s most successful lawyers would tell you, learning never really stops. Although entry requirements vary amongst employers, top employers including companies such as Kirkland & Ellis, Latham and Watkins, DLA Piper, Baker Mckenzie and Clifford Chance have high entry requirements for candidates, hiring individuals with top educational backgrounds, including those who have attended ivy league universities. 

 

Some insights from Vault’s 100 most selective law firms shows that Williams and Connolly seek super smart, driven and academically outstanding candidates with a personal and professional fit, while Watchtell admits that nearly everyone there has attended a top 10 law school. Munger, Tolles and Olsen admit that high grades are a must but intellectual depth and examples of leadership are more important than anything else.

 

Although education is not a replacement for experience, educational qualifications are in high demand when it comes to the legal field, helping you appear more attractive to employers. Online courses are a great way to showcase an interest in and commitment to law, letting individuals stand out when applying for jobs and training contracts.

 

The legal industry is highly over-saturated, with supply being well beyond demand, thus every bit of education counts. Here we have selected some of the top free legal courses that will help you make your CV stand out to employers.

 

Introductory Business Law

Introductory Business Law

The aim of this course, which is offered by study.com, is to help those who have only just entered law school save time and money on their degree program by studying the basics of business law online. Topics include the US constitution and business, contract law, third party rights, breach of contract, sales contracts, tort law, consumer protection, debtor and creditor rights, and more. For further information or to sign up, visit study.com https://study.com/academy/course/business-law-course.html

 

Contract Law

Suitable for: Students of Law

Contract Law

Harvard’s free course on contract law, run by Charles Fried who has been teaching at Harvard for over 50 years and written extensively on contracts, used a story-telling approach to approach the topic, fully engaging the learner. This course covers units such as interpretation, agency, partnerships, corporations and government regulation. The aim is to introduce the range of issues that arise when entering and enforcing contracts, with an introduction to contracts and also an analysis of the purpose and significance of contracts. It also investigated fraud, mistake, one-sided promises and frustration as well as how contracts can create rights for third parties. You can sign up for this course on the edx website https://www.edx.org/course/contract-law-from-trust-to-promise-to-contract

 

International Law

Suitable for: Junior lawyers

International Law

UCLouvain’s free course on International Law teaches the learner how International Law is applied, created and upheld in the modern world. International law refers to the law that governs the relation between states, but also relates to what NGO’s, international organizations and other non-state actors do. No knowledge of international law is needed however students should have familiarity with legal concepts and language. The full syllabus can be viewed thttps://www.edx.org/course/international-law , why not apply today?

 

Suitable for: Junior lawyers

IP Law

The University of Pennsylvania offers a course on Intellectual Property Law and Policy. This is relevant for both Junior lawyers and business professionals. This course allows the student to understand the legal doctrines at the core of the innovation economy, learning how legal rights and information shape our lives. It covers theory of IP law, how it works, and policy implications, covering: patents, copyrights and trademarks. Visit the site https://www.edx.org/course/intellectual-property-law-and-policy-part-1 to apply or view the syllabus.

 

Suitable for: Junior lawyers and business professionals

Suitable for: Junior lawyers and business professionals

Medical Law (Genetics)

Harvard University offers a free course on bioethics and the law, medicine and ethics of reproductive technologies and genetics. This course includes interviews with individuals who have used IVF, surrogacy, and sperm donation, as well as bioethicists and journalists who study the ownership and use of genetic information, and Harvard staff who have performed research around disability law as this relates to reproductive technology. The aim of the content within this course is to show how legal reasoning can be applied to questions around reproduction, parenthood, and other issues surrounding human genetics. You can sign up for this fascinating course on the edx website https://www.edx.org/course/bioethics-the-law-medicine-and-ethics-of-reproduct .

 

 

Suitable for: Junior/senior lawyers and business professionals

Online Mooting

Online mooting groups provide a space where students can practise their legal skills and develop the crucial confidence required to succeed as a lawyer. This is particularly important now as physical classes are not taking place in many places of the world, and classes are predominantly online. An interesting yet small mooting group is Mooting online https://www.linkedin.com/company/mooting-online/about/, pay them a visit.

 

Diploma in Business and Legal Studies 

Suitable for: Students of Law

Diploma in Business and Legal Studies 

This free diploma, offered by Alison, has been purely tailored for business professionals and managers looking to learn about how the law impacts their business. For long term business success, it is essential for businesses and manager to understand the laws around their business. This helpful course teaches you about key areas of business and law, including HR management, corporate management, accounding, operations management, and the adversary system. It will cover topics such as important legal procedures, the main types of laws and how they are created, management styles, how to use key performance indicators, and more. You can sign up on Alison https://alison.com/course/diploma-in-business-and-legal-studies .

 

Suitable for: Business Professionals 

Environmental Law

Academic Earth offers free videos to help individuals learn about Environmental policy, covering topics such as environmental common law, water pollution, air pollution and pollution control. It is useful for lawyers and business professionals alike, although it is recommended that business owners who significantly deal with environmental laws study a more thorough course covering all relevant topics in more depth. To access the materials, visit Academic Earth https://academicearth.org/law/ .

 

Blogging Advice for Lawyers

Suitable for: All

Blogging Advice for Lawyers

 

Lexblog, which is run by lawyer turned tech entrepreneur Kevin, is a community of over 30,000 blog publishers. Its blog content provides advice, predominantly targeted towards senior lawyers. Topic themes include how lawyers can acquire more clients, how to effectively write a legal blog, publishing third party content, and how to write your first blog in a law firm. It’s particularly useful for lawyers seeking to expand their client base or promote their business by blogging and taking advantage of legal-tech. You can check out their articles on Lexblog https://kevin.lexblog.com/?s=corona .

 

Suitable for: Junior and Senior lawyers

Well, that’s it. We hope you enjoyed this blog post and that you enjoy using these sites to expand your legal knowledge. This is not a successive list, so if you feel you have any suggestions which could be added to this list, don’t hesitate to contact the email address provided below. 

 

Feel free to leave us feedback, and if you found this blog post useful, please fill out the our questionnaire to help us understand what you expect from us as a business, you can do so

by clicking here https://docs.google.com/forms/d/e/1FAIpQLSdcujX5hUnQY2bguDGJntRx6Q2OesKzmdcWy6KErMPgUjC6jg/viewform?vc=0&c=0&w=1&flr=0&gxids=7628

We would love your input!

 

Thanks,

Sara (sara@legamart.com)

Head of Marketing

 

Sources (some):

https://www.vault.com/blogs/vaults-law-blog-legal-careers-and-industry-news/hiring-insights-from-attorneys-at-the-most-selective-law-firms
https://www.lexisnexis.com/community/lexis-legal-advantage/b/trends/posts/two-practice-areas-poised-to-expand-despite-the-covid-19-pandemic
https://www.armstrongwatson.co.uk/services/covid-19-and-your-business/impact-covid-19-legal-sector

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