Uk   Legal F&A 3

Legal Finance & Accounting Market Insights Q3 2017

Published on 18th July 2017

Senior recruitment picked up in Q2 with greater movement and an increase in newly created senior positions. The majority of new roles came from Top 20 law firms in London as firms focused on setting themselves apart from their competitors and assessing their commercial business needs.

Skills in demand

Finance Business Partner, Business Manager and Pricing/Commercial Accounting Manager vacancies have been at the forefront of top international firms’ agendas. Skills required for these roles include an accountancy qualification (ACA/ACCA/CIMA) with at least 5 years’ post qualification experience, as well as having experience of presenting and communicating with partners. Candidates with the gravitas and credibility to make an impact on senior stakeholders are highly sought after.

Alongside a significant increase in senior roles, many firms are now building out their commercial teams and are hiring at all levels. Following on from our Q2 market insights, we have seen more people transitioning from Revenue functions into Finance Analyst roles.

Growth in systems vacancies continue to be a trend so far this year, and we expect this to continue in H2.

During H1 of 2017, we have seen a growth in legal finance vacancies ranging across all disciplines and all levels within finance and accounting, this is a very positive sign in a still unpredictable market.

Mergers & Acquisitions

Kennedys merged with 100-strong US insurance firm.

Following one of the biggest mergers in the last few years, the new super firm is now operating under CMS Cameron McKenna Nabarro Olswang LLP.

Advice for employers

Move quickly - with the market being extremely busy, it is important to act fast as good candidates will often have their pick of new opportunities.

Sell your roles - the interview process from start to finish is really important to help your opportunity stand out, so it is essential to really sell the position you are recruiting for and get candidates bought in to the firm and the role at the early stages of the process.

Advice for jobseekers

Counter offers are rife in a candidate short market and it is easy to be flattered by these, but take the time to remember why you were looking for a new role in the first place.

Don’t use a generic CV - ensure that you spend the time tailoring your CV according to each role you are applying for, especially if you have a varied skill set.

Legal Finance & Accounting Salaries Q3 2017

Job titleAnnual salary range (£)Contract rate (£)
Accounts Payable
Accounts Payable Supervisor35K - 50K21 - 30 an hour
Accounts Payable (2 years+)25K - 32K15 - 20 an hour
Accounts Payable (up to 2 years)20K - 25K12 - 15 an hour
Billings Manager45K - 60K28 - 37 an hour
Senior Legal Biller38K - 45K23 - 28 an hour
Legal Biller (2 years+)28K - 37K17 - 22 an hour
Legal Biller (up to 2 years)25K - 32K15 - 19 an hour
Senior eBilling Coordinator35K - 45K21 - 27 an hour
eBilling Coordinator30K - 35K18 - 21 an hour
Revenue Manager40K - 80K25 - 50 an hour
Revenue Controller35K - 40K21 - 24 an hour
Revenue Assistant25K - 34K15 - 21 an hour
Credit Control
Credit Manager45K - 70K28 - 40 an hour
Credit Controller (2 years+)30K - 42K18 - 26 an hour
Credit Controller (up to 2 years)25K - 28K15 - 17 an hour
Head Cashier45K - 65K28 - 40 an hour
Senior Legal Cashier35K - 45K21 - 28 an hour
Legal Cashier (2 years+)30K - 35K18 - 23 an hour
Legal Cashier (up to 2 years)25K - 32K15 - 18 an hour
Financial/Management Accounting
Finance Director140K - 250K1000 - 2000 per day
Financial Controller 90K - 150K600 - 1000 per day
Fully Qualified Accountant (5 years PQE)70K+300 - 400 per day 
Fully Qualified Accountant (3-4 years PQE)65K - 75K280 - 400 per day 
Fully Qualified Accountant (1-2 years PQE)50K - 65K230 - 280 per day 
Newly Qualified Accountant45K - 55K200 - 250 per day 
Part Qualified Accountant25K - 45K15 - 21 an hour
Finance Systems Analyst50K - 65K350 - 600 per day 
Finance Systems Manger70K - 90K400 - 600 per day
Accounts Manager55K - 80K30 - 50 an hour
Business Manager90K - 150K600 - 800 per day
Pricing Manager70K - 90K400 - 600 per day
Commercial/Pricing Analyst (qualified)55K - 70K300 - 400 per day
Commercial/Pricing Analyst (non-qualified)45K - 55K200 - 250 per day

* Notes on salary table

1. Titles and levels vary from organisation to organisation.
2. The salary ranges given are only approximate guides. For tailored salary advice, please contact us directly.
3. 12-month base salaries are assumed.
4. All other benefits and bonuses are in addition to these figures.
5. Bonus ranges can vary significantly from company to company and will be influenced by market conditions, business and individual performances.