Legal - Market Report 2012

Download / view PDF

Legal recruitment in the financial service sector suffered in the second half of 2011. This market is not entirely driven by corporate governance which out of necessity needs to be resourced. Lawyers employed in transactional roles that support business areas have been more badly hit than those working in corporate governance related positions.

Eurozone inspired uncertainty brought the expansion of in-house commercial legal teams to a halt in the final quarter of 2011. We are looking for some form of resolution to the crisis to restore confidence. Until then companies will most likely only look to replace business critical lawyers.

Private practice recruitment is likely to be more subdued in 2012 after a strong 2011. Firms are likely to be more discriminate and many may look to ‘resize’ to ensure that their resources match client demands.

The number of vacancies from our sample financial services groups in the second half of 2011 fell steeply from 86 to 38. Demand from commerce and private practice was stronger and is likely to remain so in 2012.
The number of lawyers accepting new in-house positions in the second half of 2011 was 62% lower than the peak achieved in the first half of 2010.
Salary increases achieved by in-house financial lawyers changing jobs fell from 15% in the first half of 2011 to 7% in the second half.

If you have any problems accessing the report or would like to discuss any aspect of it, please call 020 7936 2601. We hope you enjoy the report and would very much appreciate your feedback.

Latest jobs

Senior Internal Auditor

Location Boston, MA
Salary Up to $90K + Bonus
Job type Permanent
Sector Banking, Asset management/Funds , Insurance
Description Barclay Simpson are working with a global financial services firm to recruit a Senior Internal Auditor, covering the Investments business in Boston, MA. The role is brand new

Read More Shortlist

IT Audit Director

Location New York, NY
Salary Up to $220K + Bonus
Job type Permanent
Sector Banking
Description Our client is a foreign banking group that has undergone a period of strong growth and expansion in the US. As such they are now seeking an IT Audit Director to oversee and implement a strategic plan

Read More Shortlist

Platform Manager

Location Raleigh, North Carolina
Salary Commensurate with experience
Job type Permanent
Sector Transformation & Change
Description Our client is a leading global bank that is looking to expand their international success by hiring a Platform Manager for their Raleigh, NC office. This is an exciting opportunity that will consist

Read More Shortlist

VP Auditor - Model Risk

Location New York
Salary $150,000 - $180,000
Job type Permanent
Sector Banking
Description Our client is a leading global bank with US offices headquartered in New York. They are looking for a VP Model Risk auditor to join their team in midtown Manhattan

Read More Shortlist