Advertised legal jobs up 14% this quarter
The latest Robert Walters UK Jobs Index has shown that the number of jobs advertised for legal professionals has risen by 14% in the first quarter of this year compared to the same period in 2015.
Demand for contract lawyers is particularly high owing to large scale construction projects with major house building schemes and urban redevelopment.
“The uptick in construction has boosted demand for contract lawyers,” said Daniel Harris, Associate Director for Legal recruitment.
The impact of company restructurings
Harris continued “The widespread company restructurings also saw demand rise for specialists in restructuring and corporate law. Law firms also continue to look for mid level construction and real estate lawyers as that market softens, as well as banking litigation specialists as banks continue to outsource all their large scale investigation work.”
"Legal professionals specialising in corporate and financial law are seeing demand for their skills increase."
On the in-house banking side, increased regulation in the derivatives marketplace has seen a huge demand for ISDA documentation specialists to meet September deadlines in place.
Despite uncertainty in the financial markets, company mergers and internal corporate restructuring projects have remained common.
Widespread company restructurings also saw demand rise for specialists in financial and corporate law.
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