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.
