Paying well not only helps to retain and engage talent – it helps to attract talent in the first place. Flexibility has now become widely adopted by firms and almost a prerequisite in a lawyer’s job hunt; as a result, paying well is one of the key ways law firms can acquire a competitive advantage. Our research shows that 51% of lawyers feel they are not paid fairly, so by understanding current market rates and being prepared to offer more than this, it is possible to attract talent over your competitors.
We go into this in more depth in our blog: Why it pays to pay well.
Use a quality recruiter and partner with them on your attraction strategy
As very few lawyers will be actively looking to move roles in 2022, don’t expect them to visiting your firm’s careers website or, for that matter, to be trawling job boards. Even if the role you are offering has great pay and great flexibility, you need a strategy to promote your offering to lawyers who might be open to move for the right position.
A specialist legal recruiter will spend their day mapping the market and building relationships with active, passive and inactive jobseekers (At Realm, our consultants spend over half their day doing this), so that they are primed to discuss the perfect role as and when it comes around. Too many recruiters only speak to a lawyer when they have a potential role for them, which is the wrong approach, particularly in this challenging market.
If you have any questions or want to find out more, please get in touch by calling 03300 245 606
Also, if you missed our annual report, The Great Talent Shortage: Adapting Your Attraction and Retention Strategies for 2022 it is available to download here. To learn more about the legal trends of 2021 read this fantastic blog from Clio.