Corporate Lawyers' Business Development
It is reported that recent judicial reform propositions in Taiwan have sparked controversies among legal professions. As the result, the number of retiring judges and prosecutors has increased this year and is expected to grow rapidly in the future.
Most judges and prosecutors, after leaving their public service, continue their legal careers as attorneys. This makes the already saturated legal-service market even more competitive. Many young legal professionals find it difficult to survive, let alone making decent livings. At eCounsel Group, a rather large emphasis on self-improvement and personal growth for young talents has been placed. Though it is never too late to learn, we understand that one may very well feel worn out having constantly to acquire new skills while shouldering even greater personal plus family responsibilities associated with his aging.
When the supply of a product exceeds the demand, the pressure to reduce price takes place in order to make the product more attractive. The legal service market certainly is no exception. As a result, young lawyers need to differentiate themselves through advanced knowledge of subjects other than simply the law.
Since early this year, our in-house training program “eCounsel Read” has been implemented with the focus on studying “the news, the law and the business model” in depth. The program not only helps build a stronger team within eCounsel Group’s affiliated companies, but also equips our lawyers with cross-disciplinary knowledge and social skills necessary when taking on more challenging tasks. At eCounsel Group, tremendous efforts are dedicated to design an effective and rewarding development scheme.
The undeniable fact is that the number of lawyers has skyrocketed in both Taiwan and elsewhere in the wolrd. With the proliferating advancement of artificial intelligence, it is foreseeable that many jobs in the legal service industry will be essentially replaced by robots. Fortunately, skilled lawyers with interdisciplinary backgrounds are still in great demand.