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In an era of ever-changing regulations and digital transformation, the importance of in-house legal departments has never been greater. They are instrumental in supporting organisations with navigating complex regulatory frameworks, mitigating risks, and making strategic decisions that align with business objectives.
As the demands on these departments continue to evolve, so do the expectations placed on candidates looking to enter this exciting professional path.
In this guide, we’ll explore why in-house legal professionals are in demand and delve into 5 of the most significant legal skills you should develop to land your ideal in-house role.
Whether you are an aspiring law graduate or an experienced Solicitor, pursuing roles within in-house legal departments is a forward-thinking choice. The number of in-house legal roles has grown significantly over the past few years, with a report from the Law Society claiming that the amount of in-house Solicitors has tripled over the last couple of decades.
Although the in-house legal job market saw a slight downturn in 2023 due to economic uncertainties, the demand for high-quality candidates to join legal departments remains. With the demand for exceptional talent outpacing the availability of qualified professionals, now is a great time for ambitious candidates to enter the world of in-house law.
Here are the key trends reshaping the legal sector and driving the demand for in-house legal professionals:
With every indication that these influential trends are set to continue impacting the in-house legal space, it is likely that the number of in-house job vacancies will remain high over the coming years. Transitioning into in-house law offers numerous benefits for Solicitors looking to hone their craft within an organisation’s legal department, including job stability, a relatively healthy work-life balance, and a diverse variety of legal work.
To discover more about how to land a job in this rewarding and versatile area of law, we urge you to read our How to break into in-house legal jobs guide.
For a prosperous and fulfilling in-house law career, having expert knowledge of relevant legislation and legal concepts isn’t enough. The brightest and best candidates in this field will be able to display a combination of legal knowledge, business acumen, and excellent interpersonal skills.
Having the right mix of professional and personal attributes is vital to standing out in the increasingly competitive landscape of in-house legal recruitment. Here, we’ll explore five of the most essential legal skills you should develop if you wish to appeal to hiring managers at in-house legal departments.
1. Contract negotiation
Contract negotiation is one of the most crucial duties in-house legal professionals must regularly perform. In-house Solicitors often serve as the bridge between legal departments and external businesses, at the forefront of protecting their company’s interests by guaranteeing favourable outcomes, supporting business goals, and mitigating risks. Knowing how to negotiate effectively is a skill you must nurture if you wish to pique the interest of potential employers.
There are many techniques that you should adopt to improve your negotiation abilities, including:
Facilitating agreements between organisations and external parties is no easy feat, but by getting it right, in-house Lawyers can actively contribute to the success and growth of their businesses while reducing the legal risks and ensuring compliance with the relevant legislation. Adopting a friendly, flexible, yet firm negotiating position will help you achieve agreeable terms and go a long way in developing positive relationships with external parties that may prove valuable in the future.
2. Risk management and compliance
For the vast majority of in-house legal departments, risk management and compliance are key to safeguarding business interests. By implementing the right strategies to mitigate risks and ensure regulatory compliance, in-house Solicitors can protect their organisations from legal pitfalls.
There are numerous factors contributing to the growing emphasis on risk and compliance in the legal sector, including:
An evolving regulatory landscape
The emergence of new legislation and regulations is significantly reshaping the legal sector. As rules around regulatory compliance and risk management evolve, it can be difficult for companies and legal departments to keep up with the pace of change. In-house legal professionals are instrumental in helping businesses navigate the ever-more complex world of risk and compliance, providing expert guidance on best practices and how to avoid penalties.
Increased scrutiny from regulatory bodies
With constant regulatory change, it is unsurprising that regulatory bodies and the public are placing greater emphasis on scrutinising organisations for compliance breaches. If found liable, businesses may face punishments such as sizable financial penalties, reputational damage, and, in some cases, even criminal charges. In-house legal departments are responsible for helping companies mitigate these risks and satisfy regulatory agencies.
The rise of cyber security threats
Cyber security threats are a constant area of concern for businesses, especially given the increased sophistication of cyber attacks. As data privacy regulations, GDPR, and CCPA continue to add an extra layer of complexity to data handling and security practices, companies have to pay closer attention to bolstering their cyber defences to protect against devastating data breaches. In-house legal professionals are often tasked with implementing data security policies and managing the legal risks associated with cyber attacks.
To effectively combat these trends, it is necessary for in-house legal counsel to go above and beyond to develop their risk management and compliance skills. Here are the best ways to refine your expertise in this area:
3. Proficiency with cutting-edge technology
The advancement of state-of-the-art digital technology is forcing all industries to adapt their processes, and the legal sector is no exception. Being tech-savvy is no longer desirable for aspiring in-house law candidates; it is essential. With research from Gartner suggesting that legal departments are set to spend three times their existing budget on legal technology by 2025, it is almost certain that employers will pay closer attention to their candidates’ technical abilities going forward.
According to People in Law, 60% of organisations are expecting their dependency on advanced digital skills to grow over the coming years. If you are an aspiring in-house Lawyer looking to stand out from the competition, developing your technical abilities is a must.
Here are the ways you can hone your technology skills:
4. Business acumen
As we alluded to earlier, in-house Lawyers are expected to possess legal expertise and business acumen, as their guidance must align with their companies’ overall objectives and goals. Having commercial awareness, financial knowledge, and industry expertise can be just as valuable as providing thorough legal guidance. Ultimately, business acumen allows in-house Lawyers to move beyond their traditional roles and become trusted business partners.
Developing this skill is not a straightforward undertaking, particularly for Solicitors with a background in private practice who may lack business experience. However, by following the right steps, you’ll be able to confidently add business-savvy to your CV’s list of skills.
Here are our top tips for how to enrich your business acumen:
5. Soft skills
Soft skills can often be decisive when it comes to achieving success in in-house legal careers. A study conducted by Harvard University supports this notion. The research found that soft skills determine 80% of achievements in a Lawyer’s career and only 20% by hard skills. While it is essential to stress that these somewhat surprising findings should not detract from the significance of hard skills, they nevertheless highlight just how possessing outstanding soft skills can dramatically elevate a candidate’s career.
There are various soft skills you should nurture in order to prove to hiring managers that you have what it takes to thrive within an in-house legal department, including:
To secure in-house legal roles, candidates must develop a diverse skill set that combines legal expertise, business acumen, and interpersonal skills. From hard legal attributes like contract negotiation to soft skills such as effective communication, ambitious candidates looking to break into in-house legal jobs must demonstrate a wide variety of skills to impress hiring managers.
By honing these skills and staying abreast of industry trends, aspiring in-house Lawyers can position themselves as valuable assets to businesses seeking to navigate the legal complexities of today's business world. Embracing continuous learning, networking with industry peers, and demonstrating a commitment to excellence will undoubtedly pave the way for a successful and rewarding career in in-house law.
As a market-leading recruitment agency with unmatched expertise in the legal sector, we are passionate about connecting outstanding talent with in-house legal jobs at organisations throughout the UK. Our experienced consultants are well-versed in the latest trends and developments affecting the legal recruitment space, using their expertise to provide exceptional guidance for jobseekers and companies alike. Guided by your preferences, we aim to match you with a fulfilling position that allows you to elevate your legal career.
Get in touch today to discover more about how we can support you with your recruitment needs.