Lawyers are no longer with a firm for life it seems, as a new report has revealed that many junior assistants have no long-term plans to stay with the company they are currently employed by.
Conducted by Legal Business, the survey shows that despite average pay rises of over 25 per cent in two years, less than 20 per cent of junior assistants intend to be with the same firm in five years time, the Times reports.
The editor of Legal Business, James Baxter, commented that the issue is a big problem for the law industry.
"Take into account the cost and effort of recruiting to simply replace and it is easy to see why this is now the most important issue facing law firms," he said to the publication.
The survey of 2,225 assistant solicitors found that many will move to a rival firm or take up an in-house position with a former client.
Mr Baxter concluded that legal firms need to do more to retain their staff as "throwing money at assistants has failed to buy their loyalty".
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