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18 January 2023
Issue: 8009 / Categories: Legal News , Profession , Career focus
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Skills gaps and salary hikes—a snapshot of the legal jobs market

Nearly all employers (97%) hiring legal professionals in the past 12 months have experienced skills shortages, a leading recruiter has found.

Employers are responding by training current employees into a new position or hiring legal professionals without the necessary skills with the intention of upskilling them, according to recruiter Hays’ UK 2023 Salary and Recruiting Trends guide, which received more than 350 responses. 

More than a third of employers said they are looking to hire apprentices. Salaries are rising across the sector, with 85% of employers increasing pay in the past 12 months.

The average increase was 7.4% (above the UK average of 5.4%) although some increases were significantly higher. Salaries for newly qualified solicitors in private practice rose 14.6% on average, while one year’s PQE rose 12.3% and general counsel/head of legal rose 8.7%.

Employees themselves are restless—60% plan to switch jobs in the next year. The reasons given include a desire for greater flexibility (59%), career progression (34%) and lack of skills development opportunities (26%).

Potential recruits tend to place a high value on sustainability. Three-quarters rated this important when choosing a prospective employer.

Yvonne Smyth, director at Hays specialising in legal, said: ‘While pay remains a key driver for employee movement within the legal profession, opportunities for career progression and development often tip the balance between whether an individual chooses one role over another.

‘Legal professionals also prioritise an alignment of purpose and values when contemplating who they want to work for. Organisations must take each of these factors into account to attract and retain staff; stand out against competition; and ultimately succeed during a time of increased volatility.’

Issue: 8009 / Categories: Legal News , Profession , Career focus
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MOVERS & SHAKERS

Signature Litigation—Catherine Naylor

Signature Litigation—Catherine Naylor

International fraud and asset recovery offering boosted by partner hire

Stevens & Bolton—Alexa Payet

Stevens & Bolton—Alexa Payet

Private wealth disputes team adds contentious probate specialist

Morgan Lewis—Paul Feldberg

Morgan Lewis—Paul Feldberg

Firm strengthens investigations and sanctions capabilities with London partner hire

NEWS
Cheshire West, which established an ‘acid test’ for deprivation of liberty safeguards, has been overturned by the Supreme Court
The Chancery Division and other segments of the High Court are to be replaced by a new Business and Property Division (BPD), in a major civil justice shakeup
Law firms that hold client money will need to file annual accountants’ reports and make a declaration, the Solicitors Regulation Authority (SRA) confirmed this week
Two district judges and a tribunal judge have been sanctioned for delays in delivering judgments and orders
Private equity (PE) investment into UK law firms halved to £250m last year, but deal volume rose, according to research by Acquira Professional Services’ Momentum private equity market tracker
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