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Interim Market Report 2011 - Legal Executive Summary

Welcome to Barclay Simpson’s 2011 Legal Interim Market Report. Barclay Simpson has been producing market reports for 21 years. We entered the legal recruitment market in January 2008, a natural progression from our traditional corporate governance specialism. Since then, we have made impressive progress. Legal recruitment compliments our existing business and enables us to provide a wider service offering to our clients.

We initially chose only to recruit in-house lawyers into the financial services industry and quickly became specialists in this area. During the course of 2010 we have expanded our service offering to include commerce, industry and private practice. We have recruited highly experienced recruitment consultants dedicated to these areas. Our legal team is made up of consultants who know and understand their specialist legal markets.

We place great value on the professional reaction to our Market Reports and would appreciate your comments.


Formally the recession has been over for two years. In more usual times the economy would now be a place of rising confidence and investment as it embarked on a period of steady growth. It is clear we are far from there. However, the legal recruitment market, in spite of operating in an economic environment of sub trend growth and squeezed living standards, is generally enjoying strong demand.

It is perhaps the good fortune of many of the people who work in financial services, that the industry has come to have a disproportionate influence on the UK economy. This is both in terms of its size and its importance to the functioning of the economy. Possibly as a result of their own culpability and a desire to be seen to be acting decisively, politicians and regulators were never going to allow themselves to be left open to the charge that they did not do enough in response to the financial crisis. The light touch regulatory approach has been replaced by far more aggressive regulatory oversight. Although the demand for lawyers in 2011 is below the levels achieved in 2010, this revised approach has resulted in substantial growth in the number of lawyers employed in the financial services industry.

Whilst it took longer for private practice to respond, it is now enjoying strong demand. Commerce is finally following the financial sector and the number of lawyers employed in the sector is increasing. Vacancies are now being driven not only by the need to replace existing positions, but to fill new roles.

Lawyers currently have more choices open to them than at anytime in almost four years. Given developments in the wider economy this is something for which we should all be grateful.

Latest jobs

Head of Operational Risk & Trade Support
  • Location London
  • Salary £100,000-£120,000
  • Job type Permanent
  • Sector Banking, Other Financial Services
  • Description You will drive the design and implementation of the operational risk framework & manage the trade support function
Audit Manager
  • Location London
  • Salary To. £75,000 + Bens + Bonus
  • Job type Permanent
  • Sector Banking, Other Financial Services
  • Description I have been asked by a niche banking client of mine to find them an Audit Manager for their growing internal audit team. I have placed the whole team including the current and prior Heads of Audit. T
Senior Audit Manager (Change)
  • Location London
  • Salary £105,00
  • Job type Permanent
  • Sector Banking, Banking , Transformation & Change
  • Description Senior Audit Manager required for major bank's change team.
Operational Risk Partner
  • Location Leeds
  • Salary 60,000 - £70,000
  • Job type Permanent
  • Sector Other Financial Services , Professional Services
  • Description You will play an integral part within the Line 2, operational risk function in Business oversight for a data, analytics and technology company.
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