Innovative Talent Management As Source Of Competitive Advantage In Legal Firms

Talent management is a function within a firm that links the changed landscape of work and the new emerging workforce with the firm’s strategy and business models. The innovative talent management is about employing and maintaining the right people, to do the right work, at the right time, at the right place and at the right price. Managing the talented human resource has become a serious challenge for human resource management practitioners and managers worldwide in all firms and particularly in legal firms. Unfortunately talent management has never been more important in legal industry as changes that are taking place in legal industry now a day, has never been more important. This research examined the impact of talent management on competitive advantage within law firms. A Cross-sectional survey’s data analysis results reveal that innovative talent management significantly and positively predicts the competitive advantage within law firms. Today, doing talent management is well game changer so Legal industry need to react innovatively to this factor to be economical and competitive. The legal workforce is likely to be more mobile, therefore law firms will need to adopt a different and innovative talent management approaches for recruiting, retention and engagement of legal workforce in a competitive working environment.

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