Extract from Benjamin Joyner’s article “E-Discovery Hiring Is Picking Up: ‘Everybody’s Gonna Sue Each Other’”
Recent weeks have seen growing recession and unemployment fears, as uncertainty around tariffs and persistently high interest rates deter investment and dampen consumer and business sentiment. Job reports have been relatively soft in recent months, as businesses delay investment decisions and thousands of federal government employees have been laid off.
E-discovery is likely to prove a rare exception to these trends, with experts expecting increased hiring in the months to come. While further interest rate decreases could help break the field out of a prolonged hiring slump, an anticipated increase in litigation will have an even greater impact on e-discovery employment.
Hiring and job-switching in e-discovery have been largely stagnant in recent years, Jared Coseglia, founder and CEO of TRU Staffing Partners, told Legaltech News in early March. This was in part due to high interest rates, which increased borrowing costs and incentivized companies to run lean.
“Go back to 2021, 2022 when interest rates were very low or zero … hiring was crazy,” Coseglia said. “Interest rates are high now, so companies are being conservative about their hiring.”
