Talent investment remains strong in legal sector

Despite ongoing pressure on salaries and increases in employment taxes, legal firms have reported an average headcount increase of nearly 4 per cent over the past year.

According to the ‘law firm benchmarking report’ by professional service firm Crowe, the headcount growth was concentrated among fee earners, but nearly half of firms reported either no change or a reduction in support staff numbers.

City firms recorded an 8.2 per cent increase in fees per partner over the last financial year, bringing the average to £1.3m per partner.

While the partner profit pools have also increased by over 12 per cent, regional firms saw a decline of over 10 per cent in partner profits, despite fee growth.

The growth at City firms is likely driven by

See Full Page