June 2023 Recruitment Update
We cannot believe we are already approaching the second half of 2023! Summer is nearly here, and it’s been lovely to see some consistent sunshine. I thought now would be a great time to update the current market for recruitment.
We are officially past the recruitment boom of late 2022 and early 2023 and as felt by all firms, resourcing top talent has become increasingly difficult, however with right resourcing capabilities and knowledge sourcing and attracting outstanding talent is still very achievable.
Market Overview
- Competitive landscape: The legal recruitment market remains highly competitive, with law firms competing to attract and retain the best legal talent. As the economy recovers and business activities pick up, law firms are expanding their teams to meet client demand, leading to increased competition for exceptional talent.
- Remote work and flexibility: The pandemic has reshaped the expectations and preferences of legal professionals. Candidates now place a greater emphasis on remote work options and flexible arrangements. Offering flexibility in terms of work location and hours can significantly enhance your firms attractiveness to top-tier candidates.
- Skills in demand: The demand for legal professional with expertise in emerging areas is on the rise. Skill such as legal technology, intellectual property, commercial property, employment law and legal costs are highly sought after. Candidates with specialised knowledge in these areas can add significant value to your firms but are often challenging to source.
Sourcing Candidates:
- Define Clear Job Descriptions: Clearly define the responsibilities, qualifications, and expectations for each role. A comprehensive job description will attract candidates who possess the necessary skills and experience, ensuring a more efficient recruitment process.
- Partner with Specialist Recruitment Agencies: Engaging with us, as a specialist legal recruiter can provide you with access to an extensive pool of pre-screened candidates. We have industry expertise and can help streamline your recruitment process, saving you time and effort.
- Emphasise Cultural Fit: Beyond technical skills, cultural fit plays a vital role in the success of a candidate within your firm. Assess candidates not only for their legal acumen but also for their alignment with your firm’s values, work environment, and team dynamics.
Retaining Top Talent:
- Competitive Packages: Stay updated with industry salary trends to ensure your packages remain competitive. Offering attractive performance-based incentives and opportunities for career progression can help retain top talent. As we all know, the cost-of-living crisis isn’t going away anytime soon!
- Professional Development Opportunities: Invest in ongoing professional development programs and training initiatives to support the growth and advancement of your legal team. Providing opportunities for skill enhancement and career growth is an effective retention strategy.
- Foster a Positive Work Culture: Cultivate a supportive and inclusive work culture that promotes work-life balance, teamwork, and employee well-being. A positive work environment fosters loyalty and encourages talented professionals to stay with your firm.
Miller Grace are dedicated to matching outstanding talent to Legal Firms. Our team has over 20 years combined experience in Legal Recruitment, so we are well-equipped to help you navigate the current market and identify exceptional talent, that aligns with your business needs.
Please get in touch with us to discuss your recruitment needs and hiring strategy via:
Website
[email protected]
0161 676 5225.