Recently made redundant: Should I stay in consulting or switch to law (UK)?

Background: I'm based in the UK with a bachelor in an arts/humanities subject and a master's in management. I've been working at my current boutique firm as a strategy consultant for a few months, and was unfortunately laid off recently due to company restructuring.

With less than a year of combined consulting experience at different firms, it's likely I'll be applying for entry-level jobs (whether in-house or consultancy) again.

Given the current economy, I am considering whether it's worth pivoting to law. In the UK, it will take 1-2 years of studying before getting a training contract in the best scenario.

Rationales for switching to law:

  • Gaining a professional qualification - Having worked in consulting for nearly a year, I feel like I lack any professional expertise/knowledge when advising clients. I know I might gradually develop that in my career, but for now, having some expertise could make me less replaceable.
  • Interest in Law: Some areas of law are fascinating to me. I've glanced through some law study guides and textbooks, though I am aware the actual studying could be different.
  • Practical Knowledge: This is a minor reason, but I have been in situations like disputes where legal training proves useful.
  • Lucrative Career Path: A qualified lawyer's career path is often more lucrative than that of a consultant.

Rationale against switching to law:

  • Poor exit opportunities - I am still very interested in business and consulting, with my ultimate goal working in the management at a listed company (still a very vague goal with no concrete details). I don't think a legal qualification and legal work experience add much value to a consulting/management career, in case I want to switch back to business? Does it make me stand out?
  • Geographical Flexibility: Consulting offers more flexibility in relocating compared to law
  • Unsure if I will enjoy the actual practice of law - I enjoy the variety in my consulting career—clients, projects, and types of work. I've heard legal work mainly involves drafting documents, and I'm unsure if I'll enjoy that.
  • WLB - this can be way worse than consulting with the possibility of working over weekends
  • Huge investment of money and time

I am in my late twenties, so if I make the switch, I need to ensure it is the right path. I cannot afford to waste more time.

Questions: Has anyone made a similar switch? What would you do in my situation?

Thank you very much for all your insights in advance. Let me know if this is the right place to ask too!

Posted Jun 8, 2024, 3:46 PM UTC

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