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Legal – Compensation and Market Trends Report 2016

Our 2016 Mid-Year Report combines a review of the prevailing conditions in the in-house legal recruitment market with the results of a comprehensive compensation survey of lawyers registered with Barclay Simpson. The survey was undertaken in June 2016 prior to the EU referendum. The results of the survey together with our own experience allows us to report that whilst demand for in-house lawyers was softening during the first half of 2016, it has responded more positively to the outcome of the vote than we may have anticipated.

  • Both the number of in-house legal vacancies generated and the speed with which these roles were being filled fell back in the first half of 2016.
  • 66% of in-house lawyers reported they were content with their current remuneration, up from 63% in 2015.
  • Whilst averages can reflect a wide range of individual experiences, the average salary increase for a lawyer changing job is currently 16.1%, up from 15.1% in 2015. The average increase for a lawyer staying with their existing employer is 5.7%, up from 5.5% in 2015.

 

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