Legal Market Research

Each year at Realm, we carry out in-depth research to better understand the state of the market so that we can effectively advise the law firms we work with.  

We are pleased to announce the publication of the results of our 2021 research along with our recommendations for law firms in a new report: The Great Talent Shortage: Adapting Your Attraction and Retention Strategies for 2022

Some of our key findings: 

  • Only 20% of lawyers are actively looking for a new role 

  • 83% of lawyers said that flexible working would be important to them if they were to look for a new job 

  • 41% of lawyers say getting a pay rise in their next role is very important to them 

  • Almost half of lawyers do not believe they are paid fairly 

  • 44% of lawyers don’t think the leadership of their firm is representative of the firm as a whole 

As featured in:

The Business Desk - Job security confidence returns to North West legal sector | TheBusinessDesk.com

Law Gazette - Flexible working is now the most important consideration for lawyers looking to move | Law Gazette Jobs

Legal Cheek - Flexibility trumps pay as lawyers top priority, research shows - Legal Cheek

City A.M.- Flexible working more important to lawyers than salaries, report finds (cityam.com)

Above the Law - Biglaw’s Choices In The War For Talent: More Flexibility Or More Money | Above the Law

Today's Wills & Probate - Flexibility overtakes pay as top priority for practitioners | Today's Wills and Probate (todayswillsandprobate.co.uk)

Today's Conveyancer - Flexibility overtakes pay as top priority for practitioners | Today's Conveyancer (todaysconveyancer.co.uk)

To learn more or to have a conversation with one of our specialists about how you can improve your attraction and retention strategies, feel free to get in touch on 03300 245 606 or email hello@realmrecruit.com.

 

So, what does this mean for your talent attraction and retention strategies?  

Realm is hosting a free webinar on Thursday 9th December at 12pm, in which our director Duane Cormell will be providing a thorough exploration of the results and sharing his insight into how firms can stand out as an employer, attract the very best talent the market has to offer, and retain the team members helping to drive their firm forward. Secure your place here.