Source: Today’s Conveyancer
By Jamie Lennox
Salaries for lawyers who moved firms last year increased by three times as much as those for lawyers who stayed loyal to their firms, according to new research by legal recruitment consultancy Realm Recruit.
As part of its annual salary research conducted earlier this summer, Realm Recruit found that legal professionals who moved jobs in the last year achieved an average pay increase of 15%.
In comparison, 37% of those who stayed at their firm received a pay rise of less than 5%, while 18% didn’t receive a pay rise at all. This data is supported by Realm Recruit’s survey of law firms, which found that 85% of firms increased pay by 5-10% this year.
A pay rise was the number one reason lawyers moved firms last year, with 56% of those who had taken on a new opportunity saying a pay rise was the trigger for them exploring the job market…
Read full article: https://todaysconveyancer.co.uk/pay-rises-lawyers-move-jobs-treble-stay-put-study/
