The number of women admitted to the profession grew five times faster than the rate for men in the 10 years to July 2008, new Law Society research reveals.
The latest Trends in the Solicitors’ Profession study, carried out by Chancery Lane’s research unit, paints a picture of the profession before the recession.
Between 1998 and 2008, the number of annual admissions grew by 38.3% to 7,861. During this period female admissions rose by 62.3%, from 2,901 to 4,708. Male admissions increased by only 13.3%, from 2,784 to 3,153.
As of 31 July 2008, there were 88,329 solicitors working in private practice firms. This is an increase of 0.9% on the previous year’s 82,557. The report notes: ‘This growth rate is the lowest recorded to date and reflects the rapidly deteriorating trading position of many private practice firms.’
The study shows the average starting salary for trainees went up 10.9% to £23,865 in 2008, from £21,518 the year before. Female trainees’ pay increased by 13%, while male trainees’ pay rose by 8.5%.
Women now account for 44% of solicitors.
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