HAKAN ENVER FOUNDS MAGNUS PARTNERS
Congratulations to Hakan Enver who has recently founded Magnus Partners, as Managing Partner.
London – UK Real Estate Labour Market Trends, Summer 2024
The first half of 2024 has demonstrated market resilience despite ongoing economic challenges. While sectors like banking and real estate face pressures from new government policies and global uncertainties, strategic adjustments are evident.
London Law Firm’s continue to recruit
The transactional nature of the London Law Firms means that activity here acts as a good barometer into confidence in the economy. Increases in Law Firm hiring typically can be directly linked to greater demand for their services, either from the Banks, on the one hand, or the Real Estate sector on the other. Therefore the fact that over the last three months, vacancies have been higher this year, than in both 2022 and 2023, is a positive sign, reinforced by a general consensus that the UK economy is performing better than many anticipated, which is reflected in GBP strengthening.
City AM: City job openings set for ‘slight recovery’ after election-fuelled slump
Recruitment for London finance jobs is set for a “slight recovery” under the new Labour government, following a June slump before the general election. From April to June, London’s financial sector had 6,093 vacancies, a 4.9% decrease from the same period in 2023, according to a report by Morgan McKinley and Vacancysoft.
Corporate Recruiters in Demand as hiring picks up
As the UK economy adjusts to a new equilibrium as a result of the change in Government, there have been positive signs of a rebounding in recruitment. Nonetheless, it is worth mentioning that a fair amount of the July hiring was due to vacancies being deferred from earlier in spring, as companies waited on the result of the election. Once the Labour Party was confirmed as having won, companies removed the hiring freeze and moved ahead with the vacancies they had planned for.
