2014 in review – reflecting on the year gone by…

Thank you to all my wonderful clients and candidates for their support in my first year of business! I wish you all a very Merry Christmas and a happy and prosperous New Year.

As 2014 draws to a close, I reflect on some of the key trends for the Perth legal jobs market this year. 

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Increased recruitment in transactional areas
A lack in significant recruitment in recent times, gaps within team structures and a more positive business outlook saw 2014 kick off with an increase in transactional roles, in areas such as Banking & Finance and Corporate.

Increased recruitment in transactional areas
The second half of 2014 saw an increased demand for front – end Construction, Projects and Infrastructure lawyers, as well as Commercial Property lawyers, as the market moved from mining construction to the development of infrastructure for resources projects and increasingly, Perth based infrastructure and property development projects.

Litigation & Dispute Resolution remain steady
In a challenging market, disputes continued and vacancies within commercial litigation, insolvency and reconstruction, construction litigation and workplace relations remained strong. Family law and insurance litigation positions also remained strong.

Strong demand from 2-3 years, up to SA level
Strong demand at the 2-3 year level, up to junior Senior Associate level. In a previous article this year, I discussed the recent reduction in graduate numbers over the past 2-5 years and the consequences of leaner numbers of lawyers at this level years later.

Salary trends
This year we saw average salary increases between 3-6%, with figures ranging from 2%, up to 10% for high performers.

Candidates
Candidate expectations around the number of available opportunities, time frames to move and salary levels, are becoming more realistic, as the recruitment processes lengthen and competition for available positions increases.

Changes to recruitment processes
Recruitment processes are generally taking longer, as employers take the time to consider a wider range of candidates in the market. Business cases are also becoming more common for many firms, with approval required before employers can go to market or offer stage.

Profile Legal wishes all our clients and candidates the very best for the Christmas break and we look forward to working with you again in 2015.

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