Introduction

Impact of Brexit on legal vacancies – a snapshot

Impact of Brexit on legal vacancies – a snapshot

Impact of Brexit on legal vacancies - a snapshot

Uncertainty reigns post Brexit but short-term vacancy data suggest its impact has yet to significantly affect overall recruitment figures in the UK legal sector.  London and the Property sector show most cause for concern.

Over the four week period up to the beginning of July, pre-referendum nerves and post-referendum shock had only a negligible impact, with advertised UK vacancies running at 403 compared to 412 over a comparable period in 2015. Corporate vacancies, an area typically susceptible to uncertainty, had actually risen slightly (to 28 from 27) over the same period.  Analysis of London data shows more cause for concern with a drop of 25% in advertised roles (130 to 97) whilst the property sector, the traditional canary in the mineshaft of the British economy held up reasonably well with vacancies dropping from 121 in 2015 to 111 this year.

What if we isolate the post-Brexit vote period?  Clearly the timeframe is too short to draw any major conclusions but figures over the nine working days from 23rd June show total UK vacancies falling from 209 in 2015 to 180 in 2016 with London (49 down from 69 in 2015) and Property (37 down from 60 in 2015) once again faring worse. Corporate roles actually rose slightly but numbers are sufficiently low as to offer few conclusions. 

Perhaps what we can draw from this is that the uncertainty has inevitably had some impact on confidence and that has fed through to a notable drop off in vacancies in some sectors. What it isn’t - and our anecdotal evidence supports this - is the employment Armageddon that we saw post-Lehman where recruitment ground rapidly to a halt.  Law firms are still hiring; lawyers are still making career moves; life (not quite as we knew it) goes on…let’s all hope it remains this way!  (By Jason Horobin)

*Vacancy data courtesy of Vacancysoft

Origin Legals interview with Bexley Beaumont

By Jason Nottage | October 31, 2023 | 0 Comments
Origin Legal Interviews Bexley Beaumont On a recent revisit to Birmingham Jason Nottage got the chance to sit down again with Karen Bexley and Anna Beaumont to discuss the latest happenings at Bexley Beaumont and what life looks like for…

The Rest is Politics

By Stuart Phillips | October 17, 2023 | 0 Comments
The rest is politics Although the title of a popular podcast, it also sums up what is happening in the Planning market right now.  Below I consider what impact this might have on recruitment for lawyers in the next 12…

Why you should use a legal recruiter for your next career move.

By Taylor Day | September 26, 2023 | 0 Comments
Why you should use a legal recruiter for your next career move. Are you a solicitor contemplating your next career move? Whether you’re an experienced Partner looking for new challenges or a trainee approaching legal qualification, embarking on your legal…

Thinking of accepting a counter-offer? Think again!

By James Wheelhouse | August 23, 2023 | 0 Comments
Thinking of accepting a counter-offer? Think again! Now before the eyes start rolling and you say “he would say that he’s a recruiter” hear me out. There is lots of data and comment available online over the past 12 months…

Origin Legal interview with James Geary, Managing Partner, EMW Law

By Jason Nottage | August 1, 2023 | 0 Comments
Origin Legal interview with James Geary, Managing Partner, EMW Law Last month Jason Nottage, Director at Origin Legal took time out to take a summer lunch with new EMW Law Managing Partner James Geary. Under the gaze of St Pauls…

0 comments on “Impact of Brexit on legal vacancies – a snapshot

Leave a Reply

Your email address will not be published. Required fields are marked *