Graduate vacancies in the legal sector are expected to drop this year, according to the latest Association of Graduate Recruiters’ (AGR) bi-annual survey, which predicts a continued rise in overall jobs for university leavers.
The AGR’s winter survey, published today (25 January 2010), reveals that the number of graduate vacancies rose in last year’s recruitment season for the first time since start of the economic downturn and is expected to jump by a further 3.8 per cent during the 2010/11 recruitment season.
This increase is being led by the consulting and business services sector, which anticipates a whopping 88.1 per cent rise in vacancies.
However, law, investment banks/fund managers and the public sector expect the number of graduate positions to contract by 3.5, 13.3 and 2.4 per cent respectively.
The AGR survey also reveals that the median starting salary for law firms remains below investment banks or fund managers but has seen an increase from £35,000 to £37,000.
Chief Executive of the AGR Carl Gilleard said: “It is heartening to see that after so many months of misery for graduates, the job market is finally picking up.”
“The fact that salaries are predicted to remain the same for a third year and fewer employers are offering financial incentives for graduates, is also evidence that the demand for jobs still greatly outstrips supply and recruiters continue to receive above and beyond the number of applications they require,” he added.
Investment bank or fund managers topped the salary chart in 2010 with a median starting salary of £38,250, which has remained steady when compared to the previous recruitment season.