Law firm job vacancies soar 48% in 2014
Eversheds advertises most jobs in 2014 as demand soars for real estate and corporate specialists. Bakers and Dentons also see vacancies rise.
February 16, 2015 at 07:03 PM
2 minute read
The number of vacancies advertised across law firms in England and Wales jumped 48% in 2014, a study has found.
The report also found that the number of advertised jobs hit a record level in the fourth quarter of 2014.
According to the report by data publisher Vacancysoft, Eversheds held its position as the firm that advertised the largest number of vacancies, with 118 vacancies throughout the year.
Baker & Mckenzie rose 87 places, advertising the 17th largest number of vacancies in 2014 with 36.
Legacy SNR Denton also had a considerable increase in vacancies, rising 23 places to make the top 10 with 47 openings.
The only magic circle firm in the top 20 was Linklaters, which had 49 vacancies throughout the year. DLA Piper meanwhile dropped eight places, advertising 38 vacancies, 12% less than the year before.
The report, which compiled data from law firms' career portals, the Law Society's database for UK law firms and other databases for international law firms, found that the greatest surge in vacancies, by practice area, in 2014 was in the real estate sector.
In London, real estate vacancies increased by 60%, while corporate was the other core area to outperform the national average growth rate, with 49% growth year-on-year.
However, the number of technology, media and telecommunications, and regulatory vacancies in the capital both dipped.
Outside of London, real estate grew even faster, with 72% more vacancies than the year before. The practice area accounted for 31% of all roles available in the regional market.
Restructuring, however, was the fastest growing area of recruitment by regional law firms, with a 129% growth in vacancies in 2014.
Across the English regions the area that experienced the biggest increase in vacancies in 2014 was the South East (excluding London) with a 75% increase in new vacancies year-on-year.
Vacancies in London actually grew at the slowest rate of all the regions, with 39% more new vacancies.
There was massive growth in the number of vacancies in Wales, which had over 84% more vacancies in 2014 than in 2013.
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