The great thing is, the answer is yes, they do.
Where are my saved search lists?
Saved searches are stored within the search function.
To access a saved search, open Mercury Legacy Search, either from the Contacts menu:
Or from the Legacy Search icon in a vacancy:
Click on the middle icon with the folder, to access any saved searches.
Click on the first arrow icon that is at the end of the search, to open the query:
It will list the search criteria used to build your search, called a Query.
Click on the magnifying glass at the top, to get the original results and any new matches.