Hays Reports Employers On Look Out For Specialist Legal Skills
on: November 18, 2009, 1:27 pm
Industry: Human Resources
Hays, the world's leading recruiting experts in qualified,
professional and skilled people, has revealed that whilst it is
premature to talk about a recovery in the legal market, signs are
emerging that recruitment activity for certain niche skill sets has
Hiring levels for transactional roles within private practice continue to remain
static, but organisations are still keen to bring in specialist skills within
certain sectors, such as professional indemnity, clinical negligence and insurance.
Regulatory experience is also sought in both commerce and private practice, as
employers continue to assess risk, particularly within the financial services
"Although we cannot say with any degree of certainty that the market has turned the
corner, we are experiencing signs of cautious optimism. Private practice firms are
recruiting, particularly if they have a commercial and strategic reason to do so,
for example senior level partners who have a following of clients," said Helen
Godwin, Regional Director at Hays Legal.
Demand for in-house roles has risen within the banking and financial services
sectors, particularly in the derivatives, funds and asset management sectors.
Organisations in the public sector are, however, beginning to be more cautious, "Although activity in the sector as a whole has slowed, given that organisations
are wary of the political landscape and spending cuts, opportunities in niche areas
such as childcare still exist, as councils seek to enhance their childcare legal
teams," affirmed Godwin.
The economic climate means that employers are still being very specific about their
skills and experience requirements, thereby prolonging the recruitment cycle. "Firms are looking for individuals who tick all the competency boxes and can
demonstrate a combination of technical skills and specialist knowledge. A track
record in business development and a deep understanding of the commercial drivers of
running a business are a definite plus," continued Godwin.
For junior lawyers, conditions
are the toughest for a decade - the number of training contracts has fallen and with
trainees doing paralegal work,
it has become even harder for qualified lawyers to find work. Adopting a flexible
approach is very important, "My advice is to think strategically about the area of
law you want to go into as some areas, such as clinical negligence, insurance and
employment, are more recession proof than their more 'glamorous' counterparts,"
The message for jobseekers is that they must be supremely well prepared given the
intense competition to ensure they give themselves the best chance of securing a
role. "I cannot stress enough the importance of researching the organisation and
preparing for competency based interviews," continued Godwin.
Ensuring that skills are kept updated is another important factor to help boost the
chances of employability, "We would encourage young lawyers to take advantage of
any networking opportunities and attend any relevant legal courses. Brushing up on
areas such as employment law, restructuring and insolvency is a smart strategy, as
recruitment for these skills will pick up in 2010," concluded Godwin.
Note to editor:
Hays Legal is part of Hays plc and specialises in a wide range of Legal jobs.
Hays plc (the "Group") is the leading global specialist recruiting group. It is
the expert at recruiting qualified, professional and skilled people worldwide, being
the market leader in the UK and Australia and one of the market leaders in
Continental Europe. It operates across the private and public sectors, dealing in
permanent positions, contract roles and temporary assignments.
The Group employs 6,933 staff operating from 345 offices in 28 countries across 17
For the year ended 30 June 2009:
- The Group had revenues of £2.4 billion, net fees of £670.8 million and operating
profit of £158 million.
- The Group placed around 50,000 candidates into permanent jobs and around 270,000
people into temporary assignments.
- The temporary placement business represented 56% of net fees and the permanent
placement business represented 44% of net fees.
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