Hiring surge in legal industry

By Stefanie Garber|13 July 2015

Firms intend hiring more lawyers in the coming year, although in-house roles are growing at a slower pace, a new report suggests.

According to a survey by recruitment company Michael Page, 47 per cent of legal employers are planning to increase their staff headcount in the next 12 months.

Advertisement
Advertisement

Both top-tier and mid-tier firms signalled their intention to hire more lawyers in the corporate, M&A, banking and finance, property and construction, IT and IP law practice areas, Michael Page director of legal John MacLean said.

Legal employers also showed themselves willing to reward employees, with 82 per cent planning to give staff raises and 62 per cent handing out bonuses in the coming year.

SPONSORED CONTENT

“Cost-control pressure remains on firms both internally and from clients, however, in certain sectors, the majority of firms have now shifted to an expansion agenda with a focus on revenue growth,” Mr MacLean said.

In-house roles are lagging behind private firm roles, but have seen a gradual increase, he said.

In Mr MacLean's view, this slower growth could be explained by the cost-cutting measures in place in some corporations.

“Several institutions still have hiring freezes or are subject to strict hiring constraints in their legal teams and reducing legal costs is still a consideration for most legal companies.”

 

Hiring surge in legal industry
Intro image
lawyersweekly logo
News

latest

Banner

2020’s top 25 attraction firms revealed

Over 300 charges laid following investigation into law firm

Over 300 charges laid following investigation into law firm

Geraldine Johns-Putra

Lawyers, judges perceived more ethically this year than last

Adelaide

Command centre sold for $80m

FROM THE WEB
Recommended by Spike Native Network