As demand for legal services continues to soar, with areas such as M&A, private equity, leverage finance and competition/antitrust gaining momentum, solicitors working in private practice are at liberty to take advantage of a thriving jobs market.
In such a competitive market for legal talent, Manisha Vegad, Senior Manager of Private Practice Legal recruitment at Robert Walters, shares the top motivations for lawyers to move firm.
Firms across London have recently increased their salary bandings. In addition to the increases, some firms are offering sign on bonuses/slightly higher salaries as an extra benefit to joining their firm.
Exploring the jobs market when competition for talent is so fierce could be the ideal opportunity to give your salary a well-needed bump.
Quality of work
Some candidates are compelled to pursue work that is more stimulating and grants more ‘hands on’ experience, with greater autonomy.
Almost half (46%) of solicitors in private practice value flexible working arrangements and law firms are beginning to respond to this. An increasing number law firms are offering flexible working or announcing hybrid working policies as a way of attracting and retaining talent.
Choice of firm for candidates often depends on the international reach of the firm. Some candidates have plans to relocate internationally, or have a desire to get involved in international work.
Looking for your next move in practice? Discover your earning potential across private practice law firms with the Robert Walters Legal Salary Guide.