Please see below our quick reads detailing market insight, company updates and curated resources for both our clients and talent network.
2023 legal scene: law firm mergers, retail funds growth, private credit rise, international expansion, and tech in law. Predicted 2% legal demand growth in 2024.
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Since the global financial crisis, the private credit market has grown, diversifying funding sources beyond banks and public debt.
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Retailisation of funds refers to the process of making investment funds, which traditionally target institutional and professional investors, more accessible to individual retail investors. This involves adapting fund structures, strategies, and marketing approaches to cater to the needs and preferences of retail investors.
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Saudi Arabia’s evolving legal landscape is attracting a surge of international law firms as they capitalise on recent reforms and the growing presence of sovereign wealth funds.
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The London legal market is undergoing significant changes, with mergers and cultural integration challenges, workforce reductions, and re-evaluations of remote work policies. To succeed in this environment, legal professionals should adapt, communicate effectively, and leverage their skills to navigate the changing landscape.
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The legal profession can be a high-pressure environment, with long hours and high-stakes transactions. Unfortunately, these demands can take a toll on the mental health of lawyers, leading to anxiety, depression, and other mental health issues.
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The legal sector is a major driving force in the global economy, and it is essential that it continues to evolve to stay competitive.
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The number of recently completed and speculated mergers and acquisitions between leading law firms in London present an opportunity to reintroduce an interesting topic of discussion, one which focuses on the motivations behind these strategic ventures. It is also an opportunity to observe the impact on the lawyers within these firms.
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In the spirit of reflection and the dawning new year, this article casts an eye on some of the most significant events which have impacted the legal sector in 2022. It also observes some of the issues which law firms will have to grapple with as we enter 2023.
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Diversity, equity, and inclusion (DE&I) involves cherishing the differences among your employees while shielding them from discrimination. It focuses on representation, fairness, and equal opportunities for all genders, ethnicities, nationalities, sexual orientations, religions, disabilities, and ages.
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As the grip of the pandemic softened, and countries began to recover, demand for gas started to increase again. However, this could not be met due to a shortage in supply, causing gas prices to increase in 2021.
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As we look back on 2021, we wanted to take the time to reflect on ESG and COP 26, and what this means for the legal sector as a whole. The most recent ESG market review published in November highlighted the surge in popularity for investment as well as how this became a trend throughout the entirety of 2021.
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With remote working being one of the most significant changes implemented by firms globally due to the Covid-19 pandemic, return to work strategies are a hot topic due to the conflict of opinions from Partner through to Associate levels across the UK and US.
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The search for the brightest thinkers has caused many London firms to reevaluate their salaries for entry-level and mid-level legal talent. This change has seen some US firms offering newly qualified salaries starting at £153,300, with some also including bonuses and better flexibility when working.
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The discourse on women in law has continued to evolve over the last few years, and although progress is being made, there are evidently gaps in diversity initiatives across the majority of firms who are looking to attract, retain, and promote women.
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Over the past year, we have seen a number of challenges unfold due to lockdown restrictions and an economic slow-down, but we are positive that these hurdles have forced businesses to think critically about the future of work.
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The global economy has inevitably struggled due to the Covid-19 pandemic, however a worldwide vaccine rollout has provided light at the end of the tunnel. It has been incredibly encouraging to see the economy growing after many months of regression across a number of sectors.
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2020 was a challenging year for all, and the legal sector was no exception. Although a lot of firms continued to work at a steady, or even accelerated rate, promotions and job changes plateaued.
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