Over half of Legal professionals
are optimistic about their career
prospects in the next 12 months
56% expect their pay to
change in the next 12 months
62% anticipate their organisation’s
hybrid working policies to remain
the same in the next 12 months
A quarter have considered
going freelance or taking
on contract work
25% have thought about
changing to part-time working
How do employers feel about the future?
When asked about the wider economic climate, 67% said they were not very optimistic, with the remaining 33% saying they feel uncertain. The number one cause for employers increasingly feeling pessimistic is inflation. Other key factors include managing change and the rising cost of living for staff.
Positively, all employers we surveyed expect their firm’s output to either stay the same or increase in the next 12 months. Not one business or organisation told us that they are expecting decreases in their firm’s output.
Although, despite this optimism around production, only 33% of Legal employers are expecting to hire in the next 12 months, which may affect a firm’s ability to deliver and meet job seeker demand.
How do Legal professionals feel about the future?
While they’re more optimistic about what’s to come than their employers, just 53% feel positive. However, only 10% expressed feelings of negativity. The remaining 37% said they feel unsure about what the future holds – a trend that is prevalent in the Legal industry across the board.
Do Legal employees expect
their salary to change
in the next 12 months?
Our data found that there is no real consensus among employees when it comes to salary adjustments. 56% said they are expecting their pay to change in the next 12 months, while 44% believe it will remain the same – which shows that uncertainty exists across the market.
In previous years, the future has been relatively easy to forecast. Prior to the war in Ukraine, the pandemic and Brexit, global politics were more stable. As a result, future trends could be predicted based on past behaviours.
Now, many of the things we’re seeing in the global political sphere are unprecedented. Therefore, beyond educated guesses, it’s difficult to foresee what may happen.