Banking & Finance – UK Legal Labour Market Trends, September 2023

Recruitment levels are returning to 2019 levels. However, what has changed is that more vacancies are happening proportionately within the Banks. So for context, in 2019 we saw 381 legal vacancies in banks, in 2023 this is set to be over 500. In contrast, within the law firms, in 2019 we saw 577 banking vacancies, whereas this year we estimate the total to be barely over 400. This is according to the latest UK Legal Labour Market Trends report by Search, and labour market data analysts Vacancysoft.