Career Paralegals – Organisations and firms favour career Paralegals in order to increase
tenure in these roles. Due to government changes many commercial contracts are being changed and amended. These candidates choose to stay as legal assistants long term without aspiring to be a lawyer.
Legislation Interpretation – With the changes in Government, candidates that have knowledge, understanding and previous experience in this area are valuable.
In-house Lawyers – Corporations are building their in-house legal teams as they are looking to reduce external legal fees.
IT and IP Lawyers – These specialists are in demand because of changes in technology and legal issues over ownership of content.
Lawyers with 5-10 years experience – If these experienced Lawyers are in a private firm, they will be at associate or senior associate level and not wanting to move. If they are well known or considered at the top of their profession, they are likely to be headhunted by word of mouth.
Corporate/M&A Lawyers – The number of corporate M&A transactions is increasing for both private and public deals. There is particular demand for lawyers at the three to six year PAE level.
Financial Services Lawyers – Demand is now steadily increasing for Banking & Finance Lawyers due to a rise in transactional activity, particularly in specialised areas such as project finance. Candidates at Senior Associate level are in particular demand.
Construction Lawyers – There has been an increase in demand for experienced Construction Lawyers in both private practice and in-house roles. Demand is for both Front- End Lawyers (especially those with projects experience) and Back-End lawyers.
Insurance and Personal Injury – We have seen continued steady demand for both Defendant and Plaintiff Lawyers across all levels of experience, particularly those with litigation experience.
Property Lawyers – There has also been continued steady demand for Property Lawyers due to the recent property boom. Demand will increase for experienced candidates with strong skills in leasing, contract negotiation and drafting. Top tier candidates at either Associate or Senior Associate level are in particular demand.
Conveyancing skills – Candidates with the ability to independently transfer property title are in demand because more people are buying property at the moment.
Candidate levels have increased due to Government changes and legal firms are looking to take on experienced temporary staff.
In-house legal teams are still trying to reduce their external legal spend and are outsourcing less work to external firms. They are also recruiting Lawyers on a contract basis to provide support over busy periods or to work on particular projects.
Employers are potentially looking to add to their teams and grow their practice areas this year in order to win market share and ensure steady workflow. These jobs will most likely be permanent but employers will hold out for the right candidates, particularly those with business development skills.