According to a recent study by MoneyNerd, London has been rated the top city for lawyers in 2023, based on factors such as pay and work-life balance. The study analyzed 25 cities, taking into
account the cost of living, average salary, job opportunities, and job satisfaction to create an overall score.
London secured the top spot with over 3,400 legal job opportunities and an estimated average salary of £75,000 for City lawyers. The city has long been known as a hub for the legal profession, with numerous international law firms headquartered in the capital.
Oslo and Berlin came in joint-second place, scoring highly for work-life balance and average salaries. Both cities offer a relatively affordable cost of living compared to other major cities, making them attractive options for lawyers looking for a good quality of life.
New York and Amsterdam shared third place in the ranking, with the former offering the highest average salary of around £117,000. However, the high cost of living in New York may have impacted its ranking. Amsterdam scored highly for happiness and work-life balance, making it a popular destination for lawyers seeking a better quality of life.
A recent study by Legal Cheek found that graduates entering City law are among the highest paid in the UK, second only to those in investment banking. This high earning potential may be a driving factor behind the popularity of London and other major cities for lawyers.
Overall, the study highlights the importance of work-life balance and job satisfaction in choosing a career in law. While high pay is undoubtedly a major factor for many, it is clear that lawyers are increasingly looking for cities that offer a good quality of life and opportunities to enjoy their free time outside of work. Photo by Joe D, Wikimedia commons.