Legal In-House Financial Services 2022 Market Overview
The in-house financial services market continued to flourish in 2022, with hiring slowing down slightly at the beginning of Q4. As we saw in 2021, this year proved to be a strongly candidate-led market, a huge contrast to the years pre-pandemic, where in-house clients often had the upper hand when it came to selecting top quality lawyers and particularly those looking to move in-house from private practice.
As mentioned in our Legal In-House Financial Services 2022 Market Overview, the majority of law firms have continued to rapidly increase salaries in recent years, with US firms leading the way and Magic and Silver circle firms following suit, the discrepancy between private practice and in-house salaries began to widen even more in 2021/22 than in previous years.
In this Market Overview, we provide insight on the hiring trends we have witnessed in 2022, with respect to our clients’ demands for certain types of lawyers and at what level, as well as noticeable areas of interest for candidates. We have also laid out our most up-to-date salaries and bonuses benchmarking guide.
If there is anything you would like to discuss further or if you require assistance with any of your hiring needs, please get in touch and we would be pleased to help
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