Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The subprime mortgage crisis of 2007 to 2010 saw financial corporations scrambling for attorneys with banking and mortgage foreclosure expertise. The extraordinarily high demand for these lawyers, coupled with the high costs associated with adding headcount, caused many of these organizations to look to contract attorneys for support. Those that had not used temporary staffing in the past were pleasantly surprised by the level of expertise they were able to find, as evidenced by the number of contractor attorneys who were ultimately converted to permanent positions within these firms.

A similar situation has emerged today, as the COVID-19 pandemic has companies and law firms seeking specialists in employment law, loan securitizations, restructurings, cybersecurity, data privacy, compliance, SaaS and other matters related to moving employees from their traditional offices to remote work environments. Once again, the need for expertise is widespread, yet budgets are strained. And so, once again, contract attorneys and support staff are providing a temporary or temp-to-perm solution.

Want to continue reading?
Become a Free ALM Digital Reader.

Benefits of a Digital Membership:

  • Free access to 3 articles* every 30 days
  • Access to the entire ALM network of websites
  • Unlimited access to the ALM suite of newsletters
  • Build custom alerts on any search topic of your choosing
  • Search by a wide range of topics

*May exclude premium content
Already have an account?


The Competitive Landscape is Changing

Where are competitors expanding? What practices are growing or shrinking, and where? Get the latest reports on lateral moves, liftouts, promotions, and more by accessing ALM's Legal Compass. Don't have a subscription? Click to get a free trial.

Get More Information

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.