Uk   Legal F&A Q4 2018

Legal Finance Market Insights Q4 2018

Published on 1st October 2018

Following a busy year with billing roles, the market has shifted and firms have ramped up their e-billing recruitment for midlevel experience. There continues to be an increasingly limited pool of experienced professionals within legal e-billing as it is still a new and growing area.

In addition to this, we have seen a rise in rates related positions in the market. These are more client-focused roles to help improve services provided by law firms. These roles allow experienced e-billers to expand their commercial skillset as firms tend to want e-billers with experience for these roles.

There has been significant movement on the senior end of the market, especially within commercial finance and business manager roles in the top Law firms.

We have noticed additional senior hires working alongside the CFO’s to head up law firm’s alternative legal services. This demonstrates positive strides in the right direction for law firm’s working more innovatively, therefore seeing an increase in their bottom line profits.

Predictions for the coming quarter

Historically Q4 has been busy looking for interim support on billing and credit control as firms’ approach year end. We expect this trend to continue this year.

We also anticipate continued growth within commercially finance focused roles across mid to senior levels as firms set to grow their teams in this area.

We expect firms to make more contract and interim hires across multiple areas of accounts. Many of them are in discussions of restructuring or outsourcing teams. These interim hires will allow them flexibility until decisions are finalised.

Advice for employers

As always we advise moving quickly if you meet a good candidate. They are not on the market for long.

Providing feedback after interview stage is vital. Many candidates have criticised firms for failing to provide feedback, and the legal market is relatively small. This is especially important if candidates are being progressed into a 2nd or 3rd stage interview. Whether the feedback is positive or negative, candidates want to know what to improve on for the next stage in the process. 

Advice for jobseekers

Ask more questions throughout the process to your recruiter and your potential new employer. This will help with your decision making later in the process, especially if you are exploring multiple opportunities.

Be transparent with your consultant regarding your salary expectations for future roles, additional benefits and flexible working requirements. This will avoid any complications further on down the line.

Always be upfront and honest with other applications and interviews that you have on the go. This will enable us to better manage the process for the roles you are working with us on.

Legal Finance & Accounting Salaries Q4 2018

Job titleAnnual salary range (£)Contract rate (£)
Accounts Payable
Accounts Payable Supervisor35K - 50K21 - 30 an hour
Accounts Payable (2 years+)25K - 35K15 - 21 an hour
Accounts Payable (up to 2 years)20K - 25K12 - 15 an hour
Billings Manager45K - 60K28 - 37 an hour
Senior Legal Biller40K - 50K25 - 30 an hour
Legal Biller (2 years+)35K - 40K21 - 25 an hour
Legal Biller (up to 2 years)25K - 35K15 - 21 an hour
Senior eBilling Coordinator40K - 55K25 - 34 an hour
eBilling Coordinator30K - 40K18 - 25 an hour
Revenue Manager40K - 80K25 - 50 an hour
Revenue Controller35K - 45K21 - 27 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 Director / Head of Finance140K - 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)55K - 65K230 - 280 per day 
Newly Qualified Accountant45K - 55K200 - 250 per day 
Part Qualified Accountant25K - 45K15 - 21 an hour
Finance Systems Analyst40K - 65K350 - 600 per day 
Senior Finance Systems Analyst65K - 90K500 - 600 per day
Finance Systems Manager90K - 115K600 - 1000 per day
Accounts Manager55K - 80K30 - 50 an hour
Head of Pricing100K-120K600+ per day
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. Roles outside of London are likely to be £5K - £10K lower than the salaries indicated above.
4. 12-month base salaries are assumed.
5. All other benefits and bonuses are in addition to these figures.
6. Bonus ranges can vary significantly from company to company and will be influenced by market conditions, business and individual performances.