Year in Review: UK Legal Labour Market Trends, January 2024

Year in Review: UK Legal Labour Market Trends, January 2024

At a time when the sector has been depressed by the cyclical downturn due to quantitative tightening, this has led to a drop of 34.8% in London and 19.4% regionally. Within law firms,  real estate remains the top skill in demand, although its market share has slipped from 22% in 2022 to 18% in 2023. This is partly due to a hefty 37% fall in vacancies in this area in 2023 as the commercial property sector has slowed down.