Forward-thinking companies need to start considering how they are going to attract and retain these professionals when the competition increases
New York (PRWEB) June 15, 2010
The Cowen Group Salary Study, now in its fifth year, surveyed more than 400 Litigation Support and eDiscovery professionals at 100 major law firms in order to provide a deep dive into industry compensation trends and our highly valued job descriptions for 2009/2010. Median Base Salaries for 2009 held steady:
- Analyst Median Base Salary: $67,500
- Specialist Median Base Salary: $91,000
- Project Manager Median Base Salary: $115,000
- Regional Coordinator Median Base Salary: $135,000
- National Manager Median Base Salary: $165,000
- Firmwide Director Median Base Salary: $267,000
The survey results held important information for job candidates and employers alike. With demand for litigation support and eDiscovery services expected to climb even more as the nation rebounds from the recession, employers will now be faced with the new challenge of not only finding and hiring key professionals – but also training and retaining them. In fact, David Cowen argues that “most top talent is looking to land at an organization that is committed to investing in professional development. This means training, mentorship, and a clear career path.”
“Because of the recent economic dynamics, we haven't seen much movement across firms and companies by professionals in these fields but this will undoubtedly change quickly,” Cowen said. “Hiring top talent was difficult before, and it will be even more difficult in the new landscape. Forward-thinking companies need to start considering how they are going to attract and retain these professionals when the competition increases.”
Cowen will be hosting a series of free discussions throughout the United States in June, July and August to help senior managers at law firms and corporations explore modernized job descriptions and how to train and retain top talent in an up market.
About The Cowen Group
The Cowen Group is the nation’s leading search firm specializing in staffing and recruiting for eDiscovery, Litigation Support and Legal Technology and has gained recognition as an internationally leading eDiscovery talent placement firm for 100 of the Fortune 500 corporations and 125 AmLaw 200 law firms.
Since 1996, The Cowen Group has focused solely on legal technology recruiting and staffing. As industry experts, The Cowen Group has exclusive access to jobs at elite organizations and knows where to find the Top Talent in the industry.
The Cowen Group is committed to serving the eDiscovery and legal technology community and fostering its growth by providing greater industry transparency to key issues. It accomplishes this through its access to its extensive network of professionals and executives and the sharing of information through its three key channels: talent placement, market intelligence and executive events.
Cowen Intelligence, a specialized unit focused on gathering, analyzing and sharing key industry and market trends and information since 2005 has published Annual Salary Survey’s for the Litigation Support and eDiscovery community, Quarterly Critical eDiscovery Trends Snapshots, and multiple topic-specific reports.
The company also launched Cowen Executive Events in 2009. This unit is focused on producing premier industry events that provide eDiscovery, Litigation Support and Legal Technology industry professionals with unprecedented networking and information sharing opportunities in key markets throughout the United States. To date, the executive events have included more than 900 professionals representing in-house legal departments, law firms and the legal technology vendor community.
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