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.

Legal Counsel vacancies hit record levels last month

Legal Counsel vacancies hit record levels last month

After what has been a quiet year for legal vacancies across commerce and industry, we have seen a significant surge this November, where the total (170) was higher than any month in 2019, the last year before the pandemic period.