Magic Circle banking lawyer vacancies dropped 40.5% year-on-year in 2020. But which two member firms experienced growth? Download our legal labour market report now to find out who showed resilience.
Written in partnership with Legal Target, this report analyses the UK legal labour market through a national overview, then focusing on private practice, financial services, commerce and industry — and providing a comparison of top firms within each.
As we entered 2020, nobody could predict a pandemic that put massive strain on healthcare
systems and sent tremors throughout the global economy. For insurers — who, put simply, guarantee payments to policyholders for uncertain future events — it has proven a testing period.
The impact of COVID-19 on the Real Estate industry on overall recruitment has yet to return to the levels of 2019, there has been a noticeable uptick. In terms of the overall volumes in 2020, the average vacancies per month are down 63% in the industry year on year, which has broadly translated to demand for legal services dropping, where the number of vacancies in 2020 for Real Estate lawyers has fallen by 66% compared to last year.
While 2020 started with concerns over the impact of Brexit, the COVID-19 crisis very quickly took center stage. In terms of the impact this has had on labour market, it’s clear from the latest data that the pandemic has had an impact on the likes of which we have never experienced, with the effects still reverberating through the economy. With that in mind …