A huge thank you to everyone who participated in our now award-winning 2016 Legal Accounts Salary Survey. For 2017 we’re kicking the process off slightly earlier than usual to allow more time and to help generate an ever greater volume of participation.
If you find that it’s difficult to source accurate salary data within your region, you can play a big role in changing that, by taking part and asking your peers and neighbouring firms to join in this confidential survey. We’d again like to make a particular mention to readers in Wales and Northern England to contribute, as we’d love to see a higher response level in these regions to strengthen the accuracy of data collected.
It’s been a tumultuous year for the UK economy and another year of challenge and change in the legal sector, with a lot of merger and acquisition activity, more relocation of finance teams around the UK and significant investment in new technologies to help find efficiencies in process automation at firms large and small. So what impact will this have on salaries, and are you being rewarded in line with your peers?
Our 2016 survey results showed that 67% of respondents had enjoyed a pay rise during the previous 12-month period, increasing marginally from 66% the year before. Will this now level out at around two-thirds, or could we see this inching up higher again? Regionally, pay increases were most scarce in Wales with only 35% receiving one and just 17% receiving a financial bonus. Will we see these figure adjusted upwards this year?
Those in the Southern regions proved to be the most loyal in 2015-16 with 91% of respondents staying with the same employer, whereas London saw the most movement. How might this have changed?
Only you can tell us!
The survey is 100% confidential and takes only 1-2 minutes to complete with a simple online questionnaire. As an added incentive, participants in this year’s survey have the option to enter a prize draw to win an iPad mini.
To complete the survey, please visit: www.surveymonkey.co.uk/r/2017LegalAccounts
A link to the survey can also be found on Balance Recruitment’s website (www.balancerecruitment.com) and will close on 6 April 2017. The results will be published in the May/June issue of the Legal Abacus and on the Balance Recruitment and ILFM's websites from May.