FY 21 wrap-up

I am writing this from lockdown in Sydney so how the latest outbreak affects business confidence is an unknown. Most lawyers I am speaking to are still very bullish and aggressively hiring and see the current outbreak as an inconvenient but temporary hiccup. We have noticed a few start dates being postponed and interviews moved to zoom but otherwise it is business as usual. 

The main changes from the January to March and April to June quarters are as follows:

• Biggest jumps in roles are regulatory and personal injury
• Double the number of family roles and close to double in employment roles
• 76 % increase in property roles
• 50% increase in insurance roles 
• 47% increase in roles in Banking and Finance
• 25% increase in commercial litigation
• 12% increase in corporate roles 
• 9% increase in tech roles 

There was a slight decline in tax and insolvency roles.

The main levels of hiring were at associate level with a 42% increase in junior associate roles, 37% in mid-associate roles and 55% in senior associate roles. 

Jason Elias

Founder and CEO of Elias Recruitment, a boutique legal recruitment consultancy that specialises in finding lawyers for law firms, NFPs, and corporate in-house teams.

 

 JOBS INDEX Q4 2021

 

Area Banking & Finance	Q3 FY21 38	Q4 FY21 56	% change 47%
Corporate / M&A	58	65	12%
Employment	21	41	95%
Family	4	8	100%
In House	39	50	28%
Insurance / Reinsurance	22	33	50%
Litigation / Dispute Resolution	40	50	25%
Real Estate	37	65	75%
Regulatory	9	22	144%
Personal Injury	24	53	121%
Insolvency	6	5	-17%
Tax	9	6	-33%
Technology	34	37	9%
TOTAL	341	491	44%

 

Seniority	Q3 FY21	Q4 FY21	% change
Department / Div Head	11	7	-36%
Director / Partner	2	4	100%
Graduate / Entry	2	6	200%
Junior Associate / Manager	52	74	42%
Mid Associate / Manager	216	298	38%
Snr Associate / Manager	142	220	55%

 

Methodology: the Elias Legal Jobs Index is based from sample data extracted from Sydney and Melbourne law firm advertisements.