Technology Sector Report May 2020 – Technology & Legal Sector

Technology Sector Report May 2020 – Technology & Legal Sector

Whilst the Legal Profession has remained relatively immune to the disruption brought about by technology relative to other sectors, increasingly that is likely to change. Now what is happening is the impact of Artificial Intelligence, Automation within Due Diligence, GDPR, IoT and Cyber Security are leading to technology taking an increasingly central part of Law Firm management. Now with the Covid19 Crisis, this is …

Skill Shortages and the war for Talent. What part does external sourcing have to play?

Skill Shortages and the war for Talent. What part does external sourcing have to play?

The tech talent shortage is growing in the UK. The 2018 Tech Nation Report showed that only 24% of companies were positive about their ability to recruit skilled workers. In 83% of clusters, the tech community named a lack of talent as their biggest challenge.

Talent shortages remain a key area of concern, where the impact of Brexit is meaning that the UK is no longer as attractive for EU nationals and given that 25% of Tech Talent in the UK is not British, the threat to the IT labour pool is real.

With this, businesses are increasingly turning to the Human Cloud as the solution, in this report we analyse why this is becoming a solution.

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.