The legal services industry has been constantly changing, and in recent years, has focused primarily on the increased demand for and growth of legal services, including ways to reduce overhead costs and outsourcing administrative services. With the increased need and expansion of the legal industry, there is also an urgency for legal talent and an opportunity to implement new billing models and payment options.
Through a professional employer organization (PEO) like VensureHR, you gain access to recruiting services, expansive benefits options unique to your needs, and administrative support services. From payroll processing and human resources, to benefit enrollment and administration, VensureHR has advanced technology, resources, and industry expertise to help your firm or private practice thrive.
Thanks to continuous changes in federal regulation, most of the legal industry’s growth has been in the business law sector. Thankfully, VensureHR has its own Compliance Department that constantly monitors real-time local, state, and federal HR updates so you never have to worry about missing a legislative or regulatory change. We’ll notify you – or you can visit our HR legal updates page – for monthly updates, all you have to do is take action when and where applicable.
To remain competitive, many law firms are increasing compensation. However, raising compensation has led to higher overhead costs, which is exactly what the legal services industry has been trying to decrease. Attorney turnover has reached record levels, which is predicted to continue throughout the year. Our Recruiting team specializes in finding top talent and matching them with businesses who need them. VensureHR has strong networking power through nearshore solutions, as well as in-house recruiting specialists to ensure we find the right fit for you. Looking for more competitive recruiting methods? VensureHR has a comprehensive benefits suite ranging from basic medical, dental, vision, and 401(k) to supplemental options like life, disability, accident, critical illness, and hospital indemnity. Not to mention our impressive voluntary benefits that are constantly growing to adapt with various lifestyle preferences.
As technology has slowly progressed in the legal field, more attorneys are beginning to support the advantages it brings to business operations, including payment and pricing methods. From unbundled legal services to flat-fee services and payment plans, the legal industry is shifting to more flexible payment options. As such, firms that are able to accept electronic payments will benefit greatly as many clients prefer to pay online. VensureHR prides itself on its robust, cloud-based technology solution, Vfficient. This technology streamlines payroll processing, including payroll administration and tax management — all your needs in one platform.