Recruitment and retention are the key concerns of all Top 20 firms in Ireland and 70% of Dublin’s law firms, according to professional services firm Smith & Williamson’s Annual Survey of Law Firms in Ireland
More than one in three firms increased staff numbers over the past 12 months, whereas 23% of firms reduced staff numbers. The survey found employees reprioritising their work/life balance after working from home and looking for more remote working and flexibility. In contrast, while most of the Top 20 firms are facilitating remote working, one-third of regional firms and one-fifth of smaller Dublin firms said they are unlikely to do so.
On the financial side, turnover remains below pre-pandemic levels for two-thirds of law firms across the water while more than half of Ireland’s law firms (58%) report their profits remain below pre-Covid levels and more than a quarter (29%) have experienced a significant reduction in revenue.
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