{"id":890,"date":"2021-12-10T16:09:28","date_gmt":"2021-12-10T03:09:28","guid":{"rendered":"https:\/\/insourcerecruit.com/?p=890"},"modified":"2024-06-18T14:41:31","modified_gmt":"2024-06-18T02:41:31","slug":"the-top-six-australian-firms-collectively-lost-more-2-4-pqe-talent-than-they-gained-in-2021","status":"publish","type":"post","link":"https:\/\/insource.mynewsite.nz\/the-top-six-australian-firms-collectively-lost-more-2-4-pqe-talent-than-they-gained-in-2021\/","title":{"rendered":"The top six Australian firms collectively lost more 2-4 PQE talent than they gained in 2021"},"content":{"rendered":"\n

The Insource platform shows that in 2021 only one of the top six Australian firms<\/em>[1]<\/a> hired more lawyers with 2-4 PQE than they lost.  With the biggest number of lawyers exiting to in-house roles and a number still going overseas.<\/em><\/p>\n\n\n\n

It\u2019s the end of another (long) year.  And with Australia finally emerging from extended lockdowns, it is an ideal time to get a little nosey and see what\u2019s happening in the recruitment market. <\/p>\n\n\n\n

There is a vast amount of data that could be analysed on the Insource platform.  But to keep it simple, this insight just reviews the movement of lawyers with 2-4 PQE at the top six Australian firms in 2021.[2]<\/a> This PQE bracket is highly sought after and is a good indicator of what the overall recruitment market is doing.  <\/p>\n\n\n\n

A startling find was that for every lawyer hired in this category, there were 1.57 leaving.  <\/em><\/p>\n\n\n\n

New Hires <\/strong><\/h4>\n\n\n\n

This year the top six firms sourced their 2-4 PQE talent predominately from other top 50 firms in Australia (63%), with 20% coming from the other five top six firms.  They also sourced their talent from in-house (18%), firms outside the top 50 (11%), and overseas (5%).<\/p>\n\n\n\n

It\u2019s interesting that there were more new hires from in-house roles than new hires from other firms outside the top 50.  However, overall, where the top six sourced their 2-4 PQE talent is as we would expect.   <\/p>\n\n\n\n

Leavers<\/strong><\/h4>\n\n\n\n

While the new hire statistics are interesting, it is where the leavers are going that makes the most interesting reading. <\/p>\n\n\n\n

In 2021, the top six firms lost their 2-4 PQE talent to in-house (46%) (14% were to roles within government), other top 50 firms (25%) (12% to the other five top six firms), overseas (18%), and firms outside the Top 50 (10%).<\/p>\n\n\n\n

In short, the firms:<\/p>\n\n\n\n