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Latest Thinking - Market Trends

Market Trends

 

2016 Legal hiring activity gathers pace

2016 Legal hiring activity gathers pace
Confidence in the legal market continues at the start of 2016, as strong hiring activity resumes across both Private Practice and In-house. Across the UK we’re seeing recruitment activity returning to the pre-recession era as demand outstrips supply for high caliber candidates.
 
 
 

UK-wide recruitment surge as demand outstrips supply for legal professionals

UK-wide recruitment surge as demand outstrips supply for legal professionals
The legal recruitment market continues to be buoyant in Quarter 3, with the continued rise of permanent and interim recruitment across the UK in both private practice and industry. In practice, the recruitment surge is not solely limited to the larger national firms, as we now see smaller regional and local law firms look to bolster their workforce. Similar to the first half of 2015, Commercial Property continues to see the greatest demand for lawyers at all levels of practice and in turn we have seen an increase in opportunities for lawyers operating in the housing, construction and planning disciplines.
 
 
 

The War for Talent is back as confidence returns firmly to the legal sector

The War for Talent is back as confidence returns firmly to the legal sector
2015 sees confidence firmly return to the legal community and an appetite for growth has led to a sharp increase in permanent and interim recruitment across the UK. Real Estate in particular continues to see the greatest demand for lawyers at all levels which in turn has created additional openings and opportunities in associated disciplines of planning, housing and construction. As the wider UK economic recovery gathers pace, other core practice areas such as Corporate, Banking, Commercial, IP/IT and Litigation remain buoyant with firms ensuring they go over and above on pay and benefits to attract and retain the best talent. Our latest research Talent Trends, shows that over 50% of legal professionals rate stronger benefits as essential in their next career move, and are ready to pounce for the right opportunity with 45% updating their LinkedIn profile and 44% updated their CV.

 
 
 

Legal salaries remain competitive to attract high calibre candidates

Legal salaries remain competitive to attract high calibre candidates

The end of 2014 saw confidence return firmly to the legal community characterised by a sharp rise in the number of permanent placements, a rise in temporary and locum staff activity and strong pay growth influenced by tight candidate availability. We predict this growth to continue across private practice and in-house well into 2015 with firms of all sizes looking to increase their headcount across both temporary and permanent positions.
 
 
 

Employer brand key for newly qualified legal talent

Employer brand key for newly qualified legal talent

With the news that many leading law firms announced record NQ retention rates in their September intake, how are UK law firms revising their attraction, recruitment and retention models to draw in prospective candidates? With many City firms reporting retention rates at or above 85%, we’re seeing many of our clients struggle to find the numbers to meet demand at this level with many NQs accepting permanent roles within the firm.
 
 
 

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