Elias Recruitment has released the Legal Jobs Index Report for the latest quarter, which has been summarised for you below.
The legal jobs market is still buoyant, signified by the short supply of candidates. As candidates have more bargaining power, it has led to an increased salaries (up to 30% and a rise of counter-offers) and a higher demand for flexible work despite a large proportion of other employees across different industries returning to the office. There was a huge demand of director/partner level roles, contributing to a 66% increase.
Jobs Index Q3 2022
|Area||Q2 FY22||Q3 FY22||% change|
|Banking & Finance||55||43||-21|
|Corporate | M&A||66||59||-10|
|Insurance | Reinsurance||43||45||4.6|
|Litigation | Dispute Resolution||39||49||25|
|Seniority||Q2 FY22||Q3 FY22||% change|
|Department | Div Head||5||4||-20|
|Director | Partner||3||5||66|
|Graduate | Entry||10||12||20|
|Junior Associate | Manager||13||10||-23|
|Mid Associate | Manager||270||276||2|
|Snr Associate | Manager||185||163||-11|
Methodology: the Elias Legal Jobs Index is based from sample data extracted from Sydney and Melbourne law firm advertisements.
Source: Legal Jobs Index Report Q3 2022, Elias Recruitment
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