As inflation continues to rise and the cost of living increases, employees in the UK are looking for ways to boost their income. But, as a legal professional, are you best to pluck up the courage to ask for a pay rise, or are you better off leaving for pastured new?
When it comes to asking for a pay rise in the legal industry, it's important to be aware of the current market rates. Salaries can vary greatly depending on the specific area of law and location. Check out our 2023 Salary Survey to see what the average is in your area. However, it's worth noting that these are just averages, and some legal professionals may be earning significantly more or less depending on their level of experience and area of expertise.
If you're considering asking for a pay rise, it's important to be prepared to make your case. Highlight your achievements and any additional responsibilities you've taken on since your last pay review. It's also worth noting any relevant qualifications or training you've completed. However, be aware that asking for a pay rise can be a sensitive issue, and it's important to approach the conversation in a professional and respectful manner.
On the other hand, finding a new job can be a great way to increase your income, as well as advance your career. According to a new survey, 42% of legal professionals in the UK plan to change jobs in the next year, with salary being one of the top reasons for doing so. When considering a new job, it's important to research potential employers carefully. Look for companies that have a good reputation within the industry and offer competitive salaries and benefits.
It's worth noting that leaving your current job can be a difficult decision, particularly in the legal industry where relationships and reputation are important. However, if you feel that you're being undervalued or your current employer is not able to offer the salary or career progression opportunities you're looking for, then it may be time to consider a move.
Ultimately, the decision to ask for a pay rise or find a new job will depend on your individual circumstances. It's important to consider all factors, including salary, job satisfaction, and career progression opportunities. It's also worth noting that there may be other options to increase your income, such as taking on additional freelance work or starting your own practice.
If you’re considering leaving your current role, partnering with the right recruitment partner can help you secure a move that not only improves your salary, but aligns with your culture expectations and future career aspirations. A reputable recruitment agency such as LR Legal can help match legal professionals with potential employers that align with their values, company culture, and long-term career goals. In addition, LR Legal can provide valuable insights into market trends and salaries and help you make an informed decision about your next career move.