As part of The Qualification Season – a series of blogs by CapeClarke aimed at trainee solicitors looking to qualify in September 2012 – we will give a brief overview of the market conditions affecting many of the core legal disciplines that trainee solicitors look to qualify into.
The next area of law for discussion is Commercial Property.
The Current Market: An area which was massively hit in the recession (and also well-documented), there has been slow recovery over the last 2 years and, much like corporate, more streamlined teams are back up to 5-day weeks and are busier. Residential property is recovering quicker, but the area as a whole still remains a lot quieter than the boom years of pre-2008.
Is this a good career option? Perversely, commercial property could prove to be a good area to qualify into. So few people have qualified into commercial property over the last 4 years, with the number of people who have left the profession in that same time, you could find yourself as a 2-4 year PQE commercial property solicitor in big demand in much the same way as good employment lawyers are currently.
September 2012 opportunities: After a couple of slow years and with many trainee solicitors not giving a second thought to qualifying into commercial property, there could be a small number of NQ solicitor vacancies – watch this space.
What to do next? This is only a very brief overview of this area of law. For a more detailed discussion of the state of the legal market and your own career options, please contact either Terry Cape or Chris Clarke on 0113 2385965.
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