Julian Stone Market Insight
2020 was a year without precedent – we could never have imagined the challenges and the disruption that arose as a result of the COVID-19 pandemic. The way that law firms and lawyers across the world have risen to these challenges evidences the resilience and the adaptability of the people in the legal profession. The commentary in this report has been prepared, not only by contributions from our global team of consultants, but also with invaluable feedback from you – thank you.
We hope you find the report relevant, insightful and useful, and of course if you ever want to have a confidential discussion with one of our specialist consultants about your career, your team, or your hiring plans, please do look for your most relevant contact’s details at the end of this report.
Here is an extract of the UK Market update contained in the report:
2020 started on a fairly cautious note with many commentators anticipating that the UK was ‘due’ a recession and these strains compounded by the UK’s imminent departure from the EU. Whilst COVID-19 started to spread across the globe, few really anticipated the devastating impact that it would have on the world and the global economy. The UK legal recruitment market was initially largely paralysed, with the law firms taking stock of their work-flows and assessing their internal resource. Areas like Restructuring and Employment remained busy but as autumn descended there was a definite uptick in the number of available role and more and more of these roles were in mainstream transactional areas.
Here is an extract from the Ireland Market update contained in the report:
The private practice recruitment market at the beginning of 2020 was quite active particularly as a number of international firms had recently entered the Irish market. These firms have largely been aggressive in their recruitment strategies with many hiring high-profile Partners and teams. In turn, this has led to a number of domestic firms looking to replace their leavers.
The implementation of restrictions or “lockdown” had a predictably negative effect on the market with most firms putting recruitment on hold until restrictions were lifted and they could better assess their business needs. That being said we did see some activity during this period particularly with the new entrants or international firms that were still looking to push on with their strategic recruitment.
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