Graduate vacancies in law firms are expected to increase by 5.4 per cent this year, despite a predicted fall of 1.2 per cent in available jobs across all sectors, according to the latest Association of Graduate Recruiters’ (AGR) bi-annual survey.
AGR’s previous survey in summer 2011 predicted that the number of law firm vacancies would rise by 14.6 per cent between the 2009/10 and 2010/11 recruitment seasons (28 June 2011).
There was an actual increase in vacancies in the legal sector of 11.4 per cent, while graduate vacancies across all sectors rose by 1.7 percent, led predominantly by the accountancy or professional service firms.
The predicted falls in graduate jobs across all sectors for this year will be led by investment banks/fund managers that expect the number of graduate positions to contract by a massive 41.7 per cent.
Elsewhere in the survey, the median salary for law firms remains steady at £37,000, behind investment bankers or fund managers at £38,250.
According to the survey, to remain competitive some law firms may look at other benefits such as flexible working arrangements instead of increasing salaries.
The highest level of respondents to the survey was from law firms, with 39 firms taking part including the entire magic circle.