Solicitors Celebrate Flourishing Firms
Recent statistics show that solicitor firms are flourishing across England and Wales. In 2016 alone a record 1,000 new firms are set to be created, opening up new and exciting opportunities for professionals at all stages of their careers.
This is an impressive figure, considering current economic uncertainties. The increase has been attributed to the changing nature of how legal professionals are preferring to do business and the apparent resilience of the legal sector.
Figures published by the Solicitors Regulation Authority, reveal that the number of new firms set to be created in 2016 represents a 30% increase on the two previous years. At ASH Elite we know this represents a considerable opportunity for solicitors looking to begin their legal careers or those potentially looking for new opportunities. Solicitors just starting out will not only be able to find careers within established firms but will also be able to benefit from opportunities with brand new firms.
Firms offering training and apprenticeships schemes have also increased and the registration of new alternative business structures (ABSs) increased by a third in 2016.
With the number of small niche firms increasing, established solicitors, who may be seeking to part company with the traditional more established firms, have the opportunity to embrace their passions for particular legal specialisms, whether that be private client, property, commercial, litigation or employment law. By joining an increasing number of small and medium size firms, solicitors can look forward to having a greater say in how these firms are run. Solicitors also have the opportunity for more flexible working practices within small firms, helping them find the right balance between home and work life for a more fulfilling career.
Sofie Scott, Managing Director of ASH Elite comments:
“With roughly 10,500 solicitor firms across the UK and many new and diverse businesses coming into existence all the time, now is a perfect time to enter the legal sector. It is also a great time for established legal professional to consider their career options in light of the opportunities available. Although becoming a solicitor or changing career paths as a solicitor can be daunting for many, we at Ash Elite are ready to offer our expertise and assistance.”