Legal firms face higher wages in competitive labour market

Recruitment, retention and wage inflation are among the biggest challenges facing the legal sector, according to the AIB Professional Practices Outlook 2019 report published last week in collaboration with Smith & Williamson.

While the report highlights a number of issues facing the industry, the majority of legal firms have recorded growth in fee income over the past few years and overall the outlook for the legal sector is positive.

There are about 2,300 ...