Professional services firms face skills shortages this year

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Research from a Robert Walters survey has revealed that a quarter of professional services firms are expecting to face skills shortages in the second half of the year, fuelled by rising demand for their services in response to legal and regulatory change following the Brexit vote.  

“Following Britain’s decision to leave the European Union, changes to the country’s legal framework are highly likely and businesses will need to adapt to these changing conditions,” said Chad Lawson, Associate Director at Robert Walters.

Demand for specialist knowledge

As a result of this anticipated change, professional services firms are likely to see demand for their services increase as businesses look to engage them to gain expertise and insights on how best they can restructure and adjust to the new conditions.

“In particular, professional services firms are likely to look to recruit specialists in financial restructuring and insolvency,” added Lawson.

Recruitment of mid-level professionals likely to dominate

Mid-level professionals with the experience to provide insights and management skills to offer advice on change projects will be highly sought after.

The results from the survey also found that mid-level professionals were most likely to be sought after by professional services firms and that 70% of these employers are looking to recruit into permanent roles rather than on a contract basis.

“Businesses are likely to require assistance from professional services firms in preparation for political and economic shifts as the outlook for Britain’s departure from the European Union becomes clear,” continued Lawson.

“As a result, mid-level professionals with the experience to provide insights and management skills to offer advice on change projects will be highly sought after.”

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