Legal Job Numbers Down 49.4% Compared to Last Year
New data from CV-Library has shown that the amount of legal jobs being advertised fell by 49.4% in July, when compared with data with a year ago. However, job numbers have risen by a massive 91.9% month-on-month.
The UK job board analysed data from its site throughout the month of July and compared the findings with data from July 2019 and June 2020 to build an understanding of how the UK job market is fairing right now.
It reveals that applications to these legal roles have dropped by 10.3% year-on-year, but risen by 30.6% month-on-month. This has caused the application to job ratio to soar by a massive 77.3% since last year.
Lee Biggins, founder and CEO of CV-Library, commented on the findings: “Demand for jobs is still outstripping supply and this will be a trend that we’ll continue to see for some time. Naturally, the summer months tend to be a quieter time for both recruitment and job searching. However, the fact that our economy is struggling means there are less opportunities up for grabs than normal and more people looking for work; not an ideal combination.”
Interestingly, average pay for new legal jobs has risen by 12.1% month-on-month, from £46,525 in June 2020, to £52,138 in July 2020.
Biggins continued: “The legal industry is one of a few sectors to see an increase in pay both month-on-month and year-on-year and this is promising for eager job hunters. Most professionals have been prepared to take a pay cut during the economic downturn, but the legal industry appears to be performing well.”