Legal Recruitment Newsletter January 2011 http://www.legal-recruitment.co.uk/ Edited by Jonathan Fagan, MD of Ten-Percent Legal Recruitment - click here to register vacancies Contents Click here to Register Vacancies Legal Job Market Report 4th January 2011 Candidates registered 1st Dec - 4th Jan 2011 Recruiting in the New Year? Access our Candidate Database Predictions for 2011 How Important is a Facebook Page for your Business? How to take the Risk out of Recruitment Ten-Percent Foundation - Charitable Trust Update Salary Review - Update Legal Job Market Report 1st December 2010 Register Vacancies by clicking here Our 2011 Legal Recruitment and Legal Job Market Predictions are as follows. We have also included the REC (Recruitment and Employment Confederation) positive predictions in this newsletter as well: 1. The job market is going to heat up, with demand particularly strong for experienced career paralegals, support staff and legal cashiers. The reason for this is that a lot of firms are finding the need to take on more staff but feel that they do not necessarily need to recruit solicitors to undertake fairly straightforward transactional work and instead can get paralegals and unqualified executives for a lot less money. 2. As this happens, salary levels are going to stay low for solicitors. I do not see any improvement on salaries within the next 2-3 years. 3. The majority of experienced unemployed non-qualified fee earners will find work very quickly, and as this happens more firms will then have to look at recruiting solicitors again. 4. We think that by the middle of 2011 legal recruitment will be at similar levels to 2007-2008 and a lot of firms will be struggling to recruit good quality candidates in most areas, apart from NQ level in and around the South East and London. 5. The Legal Services Commission random changes will continue to affect legal aid fields, but we still expect to see a very busy period in April and October when the duty solicitor rota deadlines come up. 6. On the commercial side it will remain fairly busy but only at 2-7 years PQE. Anything too junior and too senior is not going to attract very much interest. 7. Hotspots for 2011 will be: London, Kent, Yorkshire, South Wales and East Midlands. Coldspots: North West (especially Manchester), South West, East Anglia We will have a look back at these predictions in 2012 and see how close we were.... We have recently improved our online candidate database to enable more accurate searches. You can now search all the candidates on the database and not just the most recent 50. Happy New Year! Jonathan Fagan, MD Ten-Percent Legal Recruitment. Ten-Percent Legal Recruitment maintains a database of over 8,000 solicitors, legal executives, fee earners, legal cashiers and office managers. Links: Register Vacancies Online About Ten-Percent Legal Recruitment Ten-Percent Foundation - Charitable Trust
Access our Candidate Database for 12 months Search our Candidate Database 24-7 Candidates registered or updated in December 2010 We have included a selection of candidates recently registered or updated in December. To see the most recent candidates registered please visit www.ten-percent.co.uk/canddata.htm and select 'Any' and 'Anywhere'. Candidates Registering since 22nd Dec: Family & Litigation Solicitor, 3 yrs PQE, managerial experience, Surrey. Head of Dept, Duty Solicitor with Higher Rights - Salaried posts sought London. Child Care specialist looking around Derbyshire and the South West. 5 yr PQE Mental Health Panel Member - South Midlands, Conveyancing Solicitor, Head of Dept, Essex 10+ yrs PQE. Accredited PSR Solicitor West Mids, Qualified Accountant and Taxation Solicitor, Sheffield and London, Solicitor Company Commercial Birmingham - In House, 10 years+PQE Personal Injury Solicitor, East Anglia and East Midlands. Ref 18862 10+ years Conveyancing Solicitor, Norwich. Ref 18860 1 year PQE Family Solicitor, Northampton Ref 18858 20 years PQE Locum Conveyancing Solicitor, Gloucestershire. Ref 18856 1 year PQE Wills & Probate and Conveyancing Solicitor, North Wales. Welsh speaker. Ref 18848 20 year+ PQE Family Panel member looking in the North West - Chester, Liverpool and Manchester. Ref 18847 2 years PQE Crime Solicitor with Police Station Accreditation plus housing & family experience, looking in Hampshire and Dorset. Ref 18846 10 years PQE Personal Injury Solicitor with Civil Litigation. London, SW in particular. Ref 18845 10 years PQE PI Solicitor - locum or permanent. Ref 18843 10 years PQE+ Children Panel member looking in Birmingham. Locum or permanent. Ref 18821 15 years PQE+ Residential & Commercial Conveyancing with Wills & Probate. South East. Ref 18802 VHCC experience Solicitor looking in West Yorkshire. Ref 18791 Wills & Probate Solicitor looking in Herefordshire and slightly further afield. Ref 18789 Employment & Commercial Litigation Solicitor, 5 years PQE, Essex and Suffolk. Ref 18788 General Practice Solicitor currently with Business Development Role as well. Looking in South Wales. Ref 18787 Res and Com Conveyancing Solicitor, 15 years PQE, looking in South West London. Ref 18780 Family Solicitor, 20 years PQE, looking in Hertfordshire. Ref 18708 Legal Cashier looking in Reading. 2 weeks notice required. Permanent only. Ref 18645 Costs Law Solicitor - West Midlands. ÂŁ25k. To search all the candidates registered with us please visit www.ten-percent.co.uk/canddata.htm and select 'Any' and 'Anywhere'. Recruiting in the New Year? Access our Candidate Database. Ten-Percent Legal Recruitment are fairly unique in that we offer law firms and employers full access to anonymous details of all our candidates 24 hours a day, 7 days a week. You simply need to visit www.ten-percent.co.uk/canddata.htm and search for your requirements. We have improved the search technology over Christmas which should make it easier to use. For a fixed fee you can recruit candidates from the database without agency involvement. Please visit www.ten-percent.co.uk/er.html for further details. Predictions for the New Year We thought it might be of interest to include a selection of job market and general predictions for business in the New Year from various sources.
The CBI While the CBI forecasts two per cent growth in 2011, this rises to a slightly faster growth of 2.4 per cent in 2012, possibly fuelled by Olympic based spending. The pace of recovery is expected to slow to a very sluggish rate of only 0.2 per cent quarter-on-quarter in Q1 2011, when consumer spending will fall slightly in response to the higher VAT rate. We'll then see steady (but modest) growth of 0.4, 0.5 and 0.5 per cent over the remaining quarters of the year. While business spending collapsed during the recession, it started to recover this year and will see further growth in the year ahead. Growth of seven per cent is forecast in 2011 and 8.5 per cent in 2012, although this will still lave the level of business investment spending lower at the end of 2012 than in 2008. The REC (Recruitment and Employers Confederation) Our market assessment for 2011 is that the recruitment sector will start to grow again following the 30% reduction between 2008 and 2010. We think the market will recover slowly driven by two factors the desire of individuals to change job - a factor which we know has been suppressed during the recession and secondly - many employers not just replacing those leaving but hiring to help meet increased demand from customers. Federation of Small Businesses (edited highlights) The country has moved out of recession, but for the vast majority of small businesses entering 2011, economic recovery is still fragile. Job creation is key in kick-starting meaningful economic growth. Over the last decade small firms have been responsible for more than 80 per cent of new jobs in the private sector. And they will do this again – but only if the conditions are right. This might sound expensive, but the FSB estimates that for every three jobs created, over £10,000 would be generated for the Treasury. If 60,000 jobs were created, it would generate £350 million for the Treasury, as opposed to £900 million being paid out in benefits for the same number of jobseekers. Job creation also needs to be more attractive for small business owners. 2011 will see the introduction of a raft of new legislation, including the Agency Workers Directive and the scrapping of the default retirement age. The Centre for Economics and Business Research (CEBR) 1) Another eurozone crisis – Spain and Italy have to refinance a combined €400bn of bonds by Spring, which could be the catalyst for the break-up of the Euro. “If the euro doesn’t break up, this could be the year when it weakens substantially towards parity with the dollar,” according to the CEBR. 2) Slower economic growth – a double dip recession is unlikely on a global scale because of the strength of emerging markets. However, fiscal retrenchment in the UK will cause a significant drag on economic growth. 3) Germany will be the Western economic superstar – The CEBR believes German performance will be ‘stunning’ in 2011 due to the fact it is ‘in some senses subsidised by the Euro,’ and therefore well-placed to ‘set the pace in Europe.’ 4) A serious economic crisis in Japan – Japanese debt now stands at 200% of GDP. The need for fiscal retrenchment, a slow down in the growth of the Asian export market and an aging population paint a disturbing picture for Japan. 5) Inflation will be lower than expected – a curb on the price of commodities, and the reluctance of the US, the eurozone and the UK to raise interest rates will keep inflation in check. 6) A tough year for consumers – consumer spending will be flat at best thanks to a rise in VAT, depressed earnings and falling employment. 7) Two new technologies will rise to the fore – ‘cloud computing,’ which in effect is renting access to your server, and ‘telepresence’ whereby conferences are held in high definition and are so realistic you never have to leave the office. 8) UK banks to start lending again – after successfully recapitalising, UK banks will start lending again in earnest in 2011 in part due to pressure from the government. 9) A year of two halves for the housing market – weak disposable income will mean a weak housing market in the first half. In the second half, though, lending will become cheaper as competition to provide mortgages heats up. Prices will be broadly flat by the end of the year.
10) Manchester United will win the league, New Zealand will beat Australia in the final day of the rugby, Real Madrid will win the Champions League and India will win the cricket World Cup. How Important is Facebook to your Business? Facebook, for anyone not completely au fait with internet trends, is due to eclipse email and search engines within the next few years, according to some sources. It is basically a personal website that is linked to lots of other personal websites. It seems to be particularly popular with the 18-24 age group, which means it will be considerably more mainstream within the next 5-10 years if it continues to grow from its current levels of use. Personally, I have always found it very frustrating to use. The pages do not always work, the terminology used is hard to follow initially, and it is quite hard to find what you are looking for. However, some universities have stopped bothering to send emails to students because so few actually check their email accounts anymore. Facebook is the place to be. In recent times, Facebook have enabled you to set up your own company page. Ten-Percent have recently set up a page and are looking to promote it to candidates mainly, and in all probability candidates at the more junior end of their careers. You can have a look at the page by clicking the link here. To get an idea of exactly what can be done with a Facebook business page, visit http://www.facebook.com/home.php#!/pages/Hirst-Hirst-Living/156394301039358, a shop based in Oakham, Rutland. This is a small business without much of an internet presence at the moment, but picking up links and contacts right across the web through Facebook. The owner of the shop, Andy Hirst, says that Facebook has secured the business press coverage, new suppliers, customers and established in internet presence in less than 2-3 months. The main benefit of Facebook is that it is free of charge to use, free of charge to have a page with, and quite likely to make you look fairly internet savvy with your clients. http://www.facebook.com/ is the place to go to sign up. Click the link on the right hand side at the bottom of the first page to create a business page. How to take the Risk out of Recruitment Quite a lot of clients who are looking to recruit have a difficult dilemna at present. Some markets have picked up and business is moving along nicely. Time to recruit, but what if the headlines turn into reality and at some stage in the next 12 months work drops off again and redundancies need to happen? Agency fees have been paid, candidates have had a salary and redundancy is a headache for all concerned. Ten-Percent Legal Recruitment offer two solutions to take the risk out of recruitment. Firstly since 2009 we have been offering 12 monthly instalment options to all our clients. Take a candidate from us, pay monthly for up to 12 months. At the end of 12 months your obligation to us ends. If you need to terminate the contract of a candidate, your obligation to us ends at that point. In effect this means you get a 12 month rebate period, one of the longest offered in the recruitment industry. Secondly we offer the Ten-Percent Unlimited Service - if you plan to take more than one employee and perhaps a couple of locums as well in the next 12 months, our fixed fee recruitment enables you to expand and contract without paying any fees and removes agency involvement. Visit www.ten-percent.co.uk/er.html for details. Ten-Percent Foundation - Charitable Trust Update We have been very quiet on the charitable side for a long time. Since 2008 we have made donations as follows: ÂŁ343 to Cylch Prion, Denbighshire - to fund the provision of a one-to-one carer to ensure that one severely disabled child and one partially sighted child can attend a
playgroup in a remote village. £2,500 to the British Red Cross, London - supporting their work generally. £2,000 to Merlin, London - generally supporting their work. £3,000 to the Parkinsons Society to support their work generally, £4,000 Clatterbridge Cancer Research, Liverpool, £2,000 Childrens Heart Foundation, £300 Maeshafn Cricket Club, North Wales, £100 National Childbirth Trust, North Wales, £1,000 Stroke Association, Yorkshire, £600 Clwyd Riding School, Flintshire and £2,000 http://www.mikwano.org/ in Uganda. We are now approaching the time when Ten-Percent.co.uk Limited makes a donation based on the previous year's earnings and the Trustees consider where and how to distribute the next tranche of funding. If you have any projects you would like to see supported please let us know. We tend to specialise in donating to smaller charities for specific projects rather than large ones and do require any charity to allow us to display the donation and their name on our website (amazingly some charities have tried to charge us in the past to include a web link to their site from ours!). Email firstname.lastname@example.org with the subject "Charity". Salary Review Update The Ten-Percent Legal Salary Survey is now available and updated online - Click the link below to view the surveys, which are broken down into geographical areas: http://www.tenpercent.co.uk/salary-reviews-for-lawyers-ten-percent-legal-recruitment.html Our most recent Crime Solicitor salary list is available on our blog at http://www.legalrecruitment.blogspot.com/ Ten-Percent Legal Careers Shop We have launched our new careers shop for lawyers, law students and entrants to the legal profession online. We provide legal CV writing, a range of Careers Books including interview techniques and CV writing, Career Coaching and other services. For further information please visit our shop. www.ten-percent.co.uk/careersshop About Ten-Percent Legal Recruitment Formed in April 2000, Ten-Percent is an innovative recruitment service run online for law firms and employers across the UK and offshore. Over 1,300 law firms and companies have used our services, and we have over 8,000 solicitors & legal executives registered for opportunities, as well as other fee earners and support staff. We donate 10% of our annual profits to charity. http://www.ten-percent.co.uk/ Please email us details of any vacancies to email@example.com or register the vacancy online by clicking this link - http://www.ten-percent.co.uk/registerer.htm Legal Recruitment News For older editions of the Legal Recruitment News, and free articles on recruitment, legal careers, training, SEO & Web Marketing, please visit http://www.legal-recruitment.co.uk/ . You can also visit the http://www.legalrecruitment.blogspot.com/ for over 200 articles on Legal Recruitment including advice for candidates.
Our Tweet "TenPercentLegal" regularly carries instant updates of vacancies and news from Ten-Percent Legal Recruitment.
Legal Recruitment News and Ten-Percent Legal Recruitment Email: firstname.lastname@example.org Website: http://www.ten-percent.co.uk/ : http://www.legal-recruitment.co.uk/ Tel: 0207 127 4343
Market Reports and Predictions for Law FIrms and In House Legal Departments.