New research from the Bar Council on employed barristers' experiences shows that financial security, a good work/life balance, pension and an interesting and diverse range of work are key factors in choosing to work in-house.
The report, Snapshot Report: The Experience of Employed Barristers at the Bar, also revealed that the average salary of those at the employed Bar was estimated to be £
69,466.
16% of respondents were paid a gross salary in excess of £100,000 a year, 6% received a gross salary in excess of £150,000. Of those on a gross salary over £150,000, 50% worked in-house at a company.
A lack of encouragement by employers, and others, of those barristers employed in-house, whether in the public or private sector, has deterred many from seeking Silk or applying to join the judiciary.
Although 68% were satisfied with the opportunities for career progression, just 17% of those surveyed had considered applying for Silk. Of those who had considered applying, only 18% had actually applied, and only 4% were actively encouraged to do so.
The survey of 300 employed barristers revealed a range of reasons why they opted for the employed Bar, including:
- Security of employment
- Regular salary
- Pension
- Work/Life balance
- Flexible and regular hours
- A less stressful environment
- A collegiate atmosphere
- Diverse and interesting work
- Annual leave
- Private health insurance
- Maternity pay
Concerns about future practice at the self-employed Bar, and - The ability to work as part of a team.
Source:
Bar Council