Taken From: http://www.legalrss.uk/

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The Challenges and Opportunities Facing Legal firms in 2018

The latest industry research on The Challenges and Opportunities facing Legal firms in 2018. Provided as a service to the Legal Market by Clayton Legal.

After 2017’s climate of uncertainty, largely triggered by Brexit, UK law firms are understandably cautious going forward. However, on the whole, they are demonstrating their robustness by expressing a desire to continue with business as usual. In fact, our latest white paper, The Challenges and Opportunities Facing Legal firms in 2018, reveals that a significant majority (66%) of firms are looking to increase their headcount over the coming year. Of those businesses, 4% expect to increase staffing by 5% and 11% predict that it could be by as much as 30%. So, clearly there is considerable optimism about the opportunities for headcount growth in the coming year.

However, there appears to be challenges ahead surrounding the availability of labour. Around two-thirds (67%) of those surveyed say a skills shortage is their top concern for 2018 and 20% cited staff retention. And with business lobby group British Chambers of Commerce saying that skills shortages reached ‘critical levels’ in the last quarter of 2017, it is now vital for firms to retain the talent that they already have. So, which retention strategies can be used to incentivise existing staff to stay?

At a time of significant skills shortages, are you doing all that you can, to attract and retain? We have found methods that will ensure to keep your Legal Professionals engaged, and will also make your Firm more attractive to potential recruits.

To read more, please visit: https://www.clayton-legal.co.uk/blog

Don't forget to request a full copy of the report, contact marketing@clayton-legal.co.uk. Furthermore, to speak to the team about your recruiting needs, call 01772 259 121.

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