This year, we have witnessed a notable bounce back in the recruitment market after a tumultuous 2020. This truly is the most active and buoyant market over the decade within the financial services industry, and the demand for legal talent has been no different.
The In-House market is extremely competitive, with most candidates having multiple offers on the table at once. Law firms have, once again, raised base salaries and are providing ‘special bonuses’ this year on top of their usual annual bonuses in their greatest efforts to retain business-nuanced talent. Our latest report, the 2021 Finance Legal Market Update, explores the driving factors behind the active market. Here, we highlight specific skillsets that have been particularly sought after, as well as some of the effective hiring practices that can help secure key talent in this hyper-competitive landscape.