As part of The Qualification Season – a series of blogs by CapeClarke aimed at trainee solicitors looking to qualify in September 2013 – 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 Insolvency.
The Current Market: Insolvency teams are generally busy, particularly those heavily involved in restructuring work. Of course, on the flipside, LPA appointments and Administrations have reduced following the banks adopting a ‘no enforcement policy’ on customers following the FSA’s announcement it is reviewing the sale of certain interest rate hedging products to ‘non sophisticated customers’.
Is this a good career option? You hear of insolvency generally being busy and, as a safe and steady career option, it is a good discipline to think about. That said, insolvency teams are generally very finely balanced, keeping solicitors busy but not really requiring much growth and requirements generally only arise when someone leaves.
September 2013 opportunities: We would hope to see a small number of NQ opportunities reach the external market, but like commercial contracts, insolvency is a popular discipline for trainees qualifying internally.
If you would like to discuss this blog, have been thinking about a move or would just like some general advice about options in the market, please feel free to contact Terry Cape or Chris Clarke on 0113 2385965.
CapeClarke is a leading niche legal recruitment consultancy operating across Leeds, Manchester, Sheffield, Liverpool and London. Please feel free to check out our priority legal vacancies by clicking here. Please note these legal vacancies are only a small selection of those we have been instructed on, so please get in touch if you do not see a role which looks suitable.