Are you interested in working in the City? If you are a Scottish or Irish lawyer looking to relocate, follow our overview of the London legal market to find out if the capital is the right place for your legal career to take off.
With world-class transactional experience on offer combined with exceptional salaries and a cosmopolitan lifestyle, there is no question that the City of London has enhanced many legal careers and can do the same for you. At Thomson Legal, our competitive advantage and from a recruitment perspective, we can offer the ‘best of both worlds.’
The London Legal Market – An Overview
We Know You
Firstly, we understand you. We know your background in Scotland or Ireland, your experience, your aspirations and can accurately and positively sell your skills and experience to our clients in London.
We Know our Clients
Secondly, we know our clients in the City. We know what they want and know what they look for and, we can help you prepare for interviews and advise you on the best options available. We have clients who are specifically targeting talent from the Scottish and Irish markets and work in partnership with us as we can offer this unique service and understanding.
Scottish and Irish lawyers can be found in law firms and companies of all sizes and in all sectors across the City. Most will find that their commercial experience will be highly transferable and it is the quality of work and your level that is important, not the size of a deal or the size of your current department.
Private Practice Opportunities
The private practices in the London legal market are actively hiring and all firms including US firms and magic circle find themselves competing for the same talent. Particular areas of focus currently remain in corporate, banking, energy, arbitration, property, structured finance, capital markets and technology. Even with trainee retention levels being high this year, there is in many cases not enough internal NQs to meet client demands, resulting in options for candidates looking for a London move on qualification. There will continue to be a focus on Associate level recruitment, essentially the bloodline of transactional teams, however, there is also a rise in more senior appointments and the opportunity to hire laterally at Partner level or to hire skilled teams, remains attractive for the majority of firms.
The in-house market remains highly competitive and can often be a difficult market to break into directly when you move to the City. Many candidates seek to make a move to a private practice firm initially to gain the ‘London experience’ that many companies regard as a prerequisite. That said, we have witnessed substantial growth in financial services, financial products, regulatory, investment funds and IT/IP. Candidates with experience (gained directly or via secondment) in these areas can often find themselves in a strong position should they be looking to move in-house. Find out more about moving to in house.
If you are considering a move to London or currently working in the City looking to move or thinking about a return home, please get in touch or give us a call on +44 (0) 203 174 2482.