September 2024
How Specialist Support Cut Time-to-Hire by 75%
Key takeaways
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interview selection rate for introduced candidates
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weeks average turnaround time for filling roles, cutting time-to-hire by 75%
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years as an exclusive talent partner across a variety of specialist legal roles
The challenge
A multi-strategy private investment firm based in New York approached Larson Maddox for support as they lacked their own dedicated internal legal recruitment team but needed to fill roles across a variety of specialist legal skill sets, including private equity, employment law, real estate law, technology contracts, and derivatives.
As a result, they were struggling to attract the right talent and faced long recruitment timelines. Roles often remained open for three to four months or longer, leading to significant delays in filling critical positions.
The solution
Larson Maddox stepped in to provide a more strategic and proactive approach to talent acquisition. Leveraging our candidate network and specialised knowledge of the legal sector, we quickly began sourcing highly qualified candidates, resulting in a dramatic improvement in both the speed and quality of hires across the different skill sets they required.
Along with dedicated recruitment support we also provided value-added services, including insights on compensation trends, bonus cycles, and benchmarking the client's internal compensation packages against the broader market. These regular discussions enhanced our partnership, making us a trusted advisor to the company.
The results
We reduced our client’s typical time to fill positions to just six weeks, allowing them to onboard talent much faster than before, and ensuring critical roles were filled without prolonged vacancies. Our consistent, hands-on engagement, including weekly catchups, helped ensure alignment on candidate profiles and kept the hiring process moving swiftly.
The quality of candidates we provided also had a noticeable impact, with 80% of the CVs we submitted resulting in interview invitations, highlighting the caliber of talent we source.
Due to this consistent success, the client made us their exclusive recruitment partner. They now rely on us not just for recruitment but also for ongoing market insights, compensation benchmarking, and trend analysis, helping them stay competitive and aligned with industry standards even when they are not actively hiring.
Summary
Through our specialist services, we’ve helped our client overcome challenges related to attracting top legal talent and have significantly reduced their recruitment timelines. As their exclusive advisor in legal talent acquisition for over five years, we continue to deliver lasting value for any legal hiring need.
Here’s what the firm has to say about our partnership:
In short, Larson Maddox is a completely invaluable recruiting partner and we have been extremely satisfied with their work. They have taken the time to really understand what we are looking for in candidates and we completely trust them to act as an extension of our company in your recruiting efforts. They consistently deliver great candidates and it is obvious that they are prepared very well by the time they interview with our team members. We very much look forward to continuing to partner with Larson Maddox on our searches.