How are vacancies faring amidst the challenging times in the economic landscape in England and Wales? What are the leading financial sectors and roles? Which regions have the highest activity, and which are the firms leading hiring?
Written in partnership with Morgan McKinley, this report analyses the recruitment of professionals within different sectors in the UK. It observes the trends of the annual and monthly total, compares the skills in demand, a regional breakdown of recruitment, and the hiring activity of top firms.
To discover more insights and trends that drove
UK’s Finance Labour Market in 2022,
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Banking – UK Legal Labour Market Trends, May 2024
The surge in vacancies for banking lawyers during Q1 2024, observed both in law firms and banks, reflects significant industry dynamics. 137 vacancies were posted within law firms, marking the highest total since Q3 2022. Extrapolating from Q1, 2024 is projected to see a 35% increase compared to the previous year. Similarly, there was a 17.7% increase in legal vacancies within banks compared to Q4 2023.
Medical Affairs – UK Life Sciences Labour Market Trends, April 2024
With the slump in the pharmaceutical sector set to continue, the long-awaited reforms to the MHRA have yet to materialise. As a result, drug approval in the UK lags behind the EU, further depressing the sector. 2023 seems to be the low point in that there has been an uptick in Q1 so far, and if this continues, it will increase by 9.1% this year compared to last. The recovery has been in London specifically, with volumes up 26.1% on last year.
Tax – UK Finance Labour Market Trends Report, April 2024
The Government’s Spring 2024 budget has changed the shape of taxation in the UK for high net-worth individuals who are not UK-domiciled. The implications of this change are yet to be seen properly; therefore, when looking at the recruitment patterns, we are forecasting an increase in tax vacancies this year compared to last year’s 32% in London, and 46% regionally.
