Recruitment Update – Legal Recruitment – December 2014
I’m conscious of the fact that it has been sometime since I last wrote with an update about the legal recruitment market and thought it appropriate, therefore, to comment ahead of the Christmas break.
What is and has been evident for sometime is that the legal recruitment market remains busy as the economy continues to pick up, client sentiment improves and the outlook appears generally positive, despite wider political and economic uncertainties in Europe and May’s General Election here in the UK. What has also been evident, more so in the past few months, is the fact that there is a real dearth of candidates, not simply in more obvious areas such as Financial Services and Real Estate but also, for example, Commercial Law (eg. TMT) and Construction.
With no obvious signs of the situation abating any time soon, there is no doubt that we are living in a candidate-driven world, with greater competition for the very best candidates. Client’s attitudes are noticeably changing as a result and reflected, for example, in having a more flexible approach to a candidate’s skills and experience and, on some occasions, flexibility on pay or working hours.
To give you an idea, here are just a few of the mandates we have at the moment:
2-3 PQE Asset/Trade Finance Lawyer, Bank, City
2-6 PQE Corporate Lawyer, Financial Services, UAE
Senior Associate, Corporate M&A, International Law Firm, UAE
3-5 PQE Debt Capital Markets Lawyer, Law Firm, UAE
Mid-Level Commercial Lawyer, Law Firm, Cambridge
2-4 PQE Corporate M&A/ECM/AIM Lawyer, Law Firm, City
0-4 PQE Financial Services Lawyer, International Law Firm, City
PSL Corporate, Law Firm, Nationwide
With the trend towards increased demand for lawyers both in-house and in private practice set to continue and with a very real shortage of candidates then 2015 promises to be a challenging year ahead and one which, from a candidate’s point of view, offers real opportunity.
Wishing you a very Happy Christmas and New Year