Legal Recruitment News – November 8th 2017
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Legal Job Market ReportSummaryOctober has been a quiet month again, which is fairly normal but the legal job market seems very subdued at the moment. We are active in both legal & accountancy recruitment and accountancy is currently booming so quite a contrast! Locum assignments have dropped (as is usual for this time of year) and permanent roles have also dropped. We have noticed a real drop in demand for conveyancers and a trickle of conveyancing candidates starting to appear on the market. Not sure yet which way this is heading.. The sale and purchase of law firms has increased, although this is a fairly new area for us. Full Article here – https://www.ten-percent.co.uk/legal-job-market-report-november-2017/ Law Firms Wanted and For Sale Hourly Rates of Pay for Locum Solicitors and Legal ExecutivesRates have now decreased slightly as we get closer to Christmas – we expect them to go down further still. Up to £35 per hour in Conveyancing is still the norm for most locums, although a good proportion are dropping to £28-32 per hour to get the assignments. November 2017 Locum Rates : Family Solicitors – 4-40 years PQE – £25-34 per hour. NB all rates exclude agency fees. The rates are for self-employed locums billing firms directly on a weekly basis. We have over 11,000 lawyers registered with us. |
How much do Sole Practitioners Earn – careers question?A recent law graduate has asked an extremely pertinent question regarding future career plans: “In your professional opinion, how much do sole practitioners (on the high street working in family/conveyancing) tend to make annually? Also more generally, would you say, despite the over supply of law graduates and the SRA’s soon to be new route to qualification, that law as a career is still worth pursuing, e.g. can you still make a good living?” To read the full article please click here – https://www.ten-percent.co.uk/how-much-do-sole-practitioners-earn/ CV Blooper of the MonthNever depend on spellcheck when writing your CV! Taken from a finance CV. The candidate also forgot to include his name. |
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Q: I wonder if you have any advice or comment on the following. a sole practitioner has been asked by a lender panel to give details of a locum who the principal would have on call if the worst happened and the firm was left without a solicitor at short notice. Do you have any suggestions?Q: I am considering making a career in legal services and am simply writing for a few lines of advice. Recently, I overheard a stranger describe their solicitor as, “a pain in the backside to deal with, which makes her fantastic at the job she’s done”. This struck me as exactly the kind of praise I would want to receive for a job well done. However, after wavering for years over which academic route to follow, I have just earned a masters degree in linguistics and still have not settled on an end goal. I am about to turn 25 and the thought of a conversion degree followed by an LPC brings up the concern that by the time I am able to practice, I will be nearly 30 and difficult to employ relative to the bright young graduates in competition within the same job market. How realistic are these concerns? Is it common for someone to switch to a legal career late and succeed?Answers to both questions here – https://www.ten-percent.co.uk/questions-for-our-recruitment-consultants/ |
Low Cost Recruitment for Solicitors – Ten Percent UnlimitedTen-Percent Unlimited is a service offering unlimited recruitment for a set monthly fee. It was set up by us back in 2011 with the aim of making the use of a recruitment agency cost-effective in a time of great financial difficulties for all in the profession. It is still going strong – we have had over 110 clients signed up to date – most of whom have been sole practitioners or smaller sized law firms. The Unlimited Recruitment service offers law firms the chance to recruit as many permanent or locum candidates as needed over a period of 2-5 years in return for a monthly payment. There are no restrictions on numbers (although salaried vacancies have to exist and we do operate a fair usage policy – so far never used) and no other costs. No other similar services exist in the recruitment industry. For example you may recruit a few locums for cover each year, a replacement conveyancing solicitor, a couple of legal secretaries, possibly a paralegal or two and have a look to expand the firm into a new area of law with an additional fee earner. All of this would cost considerable amounts in advertising and/or recruitment agency fees. However with Ten Percent Unlimited you simply pay a monthly fee. One of our recruitment consultants works full time on our Ten Percent Unlimited member firms’ recruitment needs and is always happy to talk about the service. If you would like a chat with Clare Fagan, please give her a ring on 0207 127 4343 or email clare.fagan@ten-percent.co.uk. www.tenpercentunlimited.co.uk. How to be a Locum – pdf guideWe have produced a guide on how to be a locum. This includes sections on getting work, realistic expectations, hourly rates, popular fields of law, payment, insurance, umbrella companies and much more. Available for download or to read online from www.interimlawyers.co.uk. About Ten-Percent Legal RecruitmentWe are a specialist legal recruiter, covering both permanent and locum roles across the whole of the UK. Over 11,000 lawyers are registered with us and we have access to a range of external and internal job boards and websites where we do not have candidates available ourselves. We also assist with recruitment advice and assistance, regularly advising partners and practice managers on suitable salary and package levels. Our company is unique for a number of reasons, including the fact that we are not shy to publish our fee structure and also donate a chunk of our profits to charity each year. We offer unlimited permanent and locum recruitment for a fixed monthly fee or one-off fees depending on the job. We donate 10% of our profits annually to charity, hence our name. We have three recruitment consultants, Jonathan Fagan, Clare Fagan and Pete Gresty, together with our finance director Pearl McNamara. As a team we have over 40 years of experience in the legal profession. Ten-Percent Legal Recruitment also owns Interim Lawyers, a specialist locum service. We operate an outsourced UK based typing service as well – www.tptranscription.co.uk and are preferred suppliers to a number of institutional clients and law firms across the UK and overseas. The Ten-Percent Group of Legal Recruitment websites gives 10% of annual profits to charity. We have carried on with this tradition since we formed the company 15 years ago. So far over £90k has been donated to charities in the UK and Africa including LawCare, Unlock and Reprieve. We hope you have enjoyed reading our newsletter and look forward to hearing from you if we can assist further. Warm regards Jonathan Fagan E: jbfagan@tenpercentgroup.com Ten-Percent.co.uk Limited Jonathan Fagan is a solicitor, qualified recruitment consultant and Managing Director of Ten-Percent.co.uk Limited. His LinkedIn profile can be viewed here – www.linkedin.com/in/jbfagan Legal Recruitment News is produced by TP Legal Recruitment – you can view all versions of the e-newsletter at www.legal-recruitment.co.uk. Ten Percent Group – www.tenpercentgroup.com |