Vacancysoft In-house Law in IT Report

Vacancysoft In-house Law in IT Report

For recruiters in the sector, the signs of brexit are starting to be seen. The uncertainty caused by the political situation in Q1 led to a collapse in vacancies in law firms, where overall, volumes were down almost 100% compared to Q4 2018.

As mentioned previously, wheras Legal vacancies have dropped significantly so far this year, within the TMT industry specifically, overall activity has held up.

Analysing in-house by region, we see that activity in London has surged, with vacancies up over 30% since 2018. What this has meant is that the new inhouse vacancies being created are being disproportionately so in London, where the share within the capital has increased from 72% to over 83% in Q1.

Property Law Sector – Report

Property Law Sector – Report

Within the banks, we see activity in 2017 holding steady through the year and only dipping in Q4, where it then picked up again in 2018, but has been in decline as the year progressed, with Q4 2018 at a 2 year low. In terms of the legal vacancies within the banks we see a similar pattern, where recruitment activity ended up being in decline in 2018 also, mirroring the trend seen in the wider corporate governance roles.

Banking Law Sector – Report

Banking Law Sector – Report

Within the banks, we see activity in 2017 holding steady through the year and only dipping in Q4, where it then picked up again in 2018, but has been in decline as the year progressed, with Q4 2018 at a 2 year low. In terms of the legal vacancies within the banks we see a similar pattern, where recruitment activity ended up being in decline in 2018 also, mirroring the trend seen in the wider corporate governance roles.

Law Sector Report- 2018 in Review

Law Sector Report- 2018 in Review

– Overall, the total number of vacancies for lawyers has risen by almost 19% in 2018.
– Within Private Practice, London especially has seen a significant uptick in hiring
– Demand for in-house lawyers has increased the most within TMT, up 42% year on year.

Trends in Partnership Appointments

Trends in Partnership Appointments

Other key insights from this report include:

– UK Firms are having to raise compensation aggressively to protect against US poaching.
– The largest firms are the least likely to headhunt. Why?
– Litigation is the leading area for Partner Appointments this year so far. What has been happening with the other practice teams?

TMT Law – Disruption or Opportunity for the Legal Sector

TMT Law – Disruption or Opportunity for the Legal Sector

After a strong Q1 for European M&A, and with the new GDPR data regulations coming into action in May this year, we investigate how technology disruption, alongside economic and political drivers, may be influencing opportunities for lawyers in the UK. Key findings include:

– Growth areas for lawyers are in fact in sectors such as TMT as opposed to Law itself.
– Some tech companies are seeing legal hiring up by 50% this year so far compared to 2017.
– UK law firms are now investing into technology directly, and into technology firms to compete in the nascent ‘legal-tech’ industry.