Warning indicators for NQ job prospects?

A US legislation agency is recruiting for a paralegal to work in its Metropolis of London workplace — however there’s a catch. The “supreme candidate” shall be a newly certified (NQ) solicitor, regardless of paralegals not requiring formal authorized {qualifications}.

Authorized recruiters Ryder Reid placed the ad earlier this week on behalf of the unidentified Yanks.

It says that “the profitable candidate shall be becoming a member of the agency as a contract paralegal inside their award successful funds group. The best candidate will ideally be an NQ who has accomplished a finance seat, or an skilled finance/funds paralegal”.

A tipster who flagged the advert with Authorized Cheek referred to as it “clearly absurd, but in addition maybe a mirrored image of the more and more aggressive job market”.

The pandemic has hit some practice areas hard and trainee legal professionals had been understandably worried about their career prospects even through the first lockdown.

The 2021 Legal Cheek Firms Most List

The concern is that companies change into so saturated with candidates that some totally certified legal professionals shall be unable to search out work as solicitors and take unqualified paralegal roles as an alternative. That, in flip, would squeeze out the non-solicitors with some authorized coaching who would usually snap up paralegal jobs.

So is that this a straw within the wind? Properly, retention charges for trainee solicitors have held up nicely thus far. Simply this week, three Metropolis companies introduced that they’d be protecting on 17 out of 18 trainees between them, whereas Clifford Likelihood and Herbert Smith Freehills have each posted retention scores of round 90%.

It could possibly be that US-headquartered companies are simply swimming in a lot dough that they’ll afford to pay NQ cash for paralegal work. Our Firms Most List exhibits a plethora of prime US gamers dish out upwards of £130ok at NQ stage, whereas companions can pull in extra of £three million every.

However wannabe legal professionals shall be watching nervously for any indicators that authorized recruitment is drying up.

Ryder Reid didn’t reply to a request for remark.