Post-retirement, it doesn’t take long before you feel a void that having a job once filled. You may not have the mind to work 6-day weeks any longer but idling just isn’t you. Why not fill your time – and make money – by establishing a legal recruitment agency? It’s great not just for retirees but for working people looking to help others find employment.
There’s no law that says you need to be qualified in legal matters to set up a recruitment agency. But every recruiter will say that having qualification helps immensely and can mean the difference between succeeding and failing. What’s also important is having staff that has knowledge of the legal profession, required qualifications of candidates, an understanding of the job market for legal specialists and, of course, good marketing skills. You, as the business owner, will need to have or build contacts with law firms and make sure the agency is well-organized.
The job market for legal specialists is going through a lean phase but like all markets, will go up once the effects of the recent recession abate. If capital if not much, starting a small agency staffed only with a few people is enough to begin with. Delivering skilled candidates employers need is what will affect the business’s position in the field.
Make sure you have:
Training. Training in recruitment or human resources is important if you don’t have much experience in the field. It also introduces you to people who can be turned into leads. Staff should also receive some amount of training if they’re inexperienced. Most training courses include subject matters like recruitment strategies, how to conduct personal interviews, screen applications and so on.
Insurance. One of the most important areas to cover when establishing any business is insurance. Professional indemnity insurance will protect you, your employees and the business as a whole from claims made against the services you provide. Other types of insurance are necessary if the business consists of more staff. You need to find out what the requirements are in your state.
Legal contracts. Contracts protect you and clients regarding the services being provided. They must be legally binding. You can seek help by checking with trade bodies, independent recruitment experts and government departments.
A dedicated office space. You want to make a good impression on clients and you can’t do this without an office, even a small one. Find a space that’s large enough to house the staff as well as equipment like computers, printers, fax machines etc.
A qualified accountant. They’re the ones who make light work of confusing and sometimes, overwhelming, paperwork. They don’t need to have knowledge in legal matters.
Patience. Not always mentioned but equally important, know that the recruitment business takes time to flourish. Don’t expect success overnight or even in a few months. Your clients are taking a risk by using the services of a new agency and unless they have proof you can deliver consistently, the going will be slow.
Having experience as a legal recruiter before starting an agency makes things easier. If you’re in no hurry to set one up, begin by being academically qualified, trained in human resource and recruitment, finding employment with a large recruitment firm, and learning the ropes. With the knowledge you’ve gained, starting an independent agency will be easier and finding work simpler as you would have built contacts along the way.