A busy candidate-led market with abundant opportunities

In the midst of the pandemic recovery and the increasing economic activity, job seekers are now in a unique position of strength. Employers are actively searching for new talent in various sectors, and the demand for skilled professionals is clearly evident. Job postings across industries have skyrocketed, creating a job market that we haven’t witnessed in years.

There are numerous opportunities available in various legal sectors, such as Clinical Negligence, Private Client, Conveyancing, Personal Injury, Catastrophic Injury, and more. Let’s take a look at some noteworthy trends:

  1. Clinical Negligence: With the increasing expansion of firms in various areas of law, Clinical/Medical Negligence has emerged as a promising field for new firms to practice. Moreover, there is a significant surge in recruitment efforts by firms aiming to grow their teams in this department, leading to a higher demand for candidates at all levels in this specialism.
  2. Private Client: Throughout 2023, finding suitable candidates for firms in this field has proven to be quite challenging, and it appears that this trend will continue into 2024. However, since the pandemic, there has been a significant rise in the demand for skilled solicitors and professionals in this particular area of law. As a result, there are now numerous exceptional opportunities available for individuals who may be contemplating a career move within this specialism.
  3. Conveyancing: Another area of law that was significantly impacted by the pandemic, much to our surprise, experienced a remarkable surge in house and commercial property sales, leading to a buyer-driven market that consequently generated a heightened demand for Conveyancing Solicitors. We are now starting to witness a stabilization in this sector and are now seeing firms actively seeking to recruit in this sector as we head into 2024. This signifies the market’s efforts to stabilize and establish a strong foundation for the future.

Challenges Firms are Facing.

  1. Talent Shortage: One of the key challenges we face is the scarcity of highly skilled professionals, particularly in specialized areas. With the increasing demand for niche skill sets, numerous companies are finding themselves in intense competition for a limited pool of talent.
  2. Retirement Wave: The “Great Resignation” of 2022 is being accompanied by a “Retirement Wave” as more Baby Boomers gracefully exit the workforce. Consequently, there arises a pressing need to bridge the leadership and knowledge gaps created by their departure..
  3. Remote Work Dynamics: The pandemic accelerated the shift towards remote work, and many employees have come to expect flexible working arrangements. Companies are reevaluating their hybrid/remote work policies to attract and retain top talent.
  4. Increased activity on job searches: We’ve noticed a significant rise in job seeker activity on job searching sites. Typically, January sees a 50% increase in job seeker activity, so starting your search in the final months of 2023 gives you a valuable advantage in the job market.

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