The Qualification Season 2017: Insolvency and Restructuring

As part of The Qualification Season a series of blogs by CapeClarke aimed at trainee solicitors looking to qualify in September 2017 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 and Restructuring.

The Current Market 

Insolvency teams are generally busy, particularly those heavily involved in restructuring work.  The top tier of both Manchester and Leeds have remained busy but the mid-tier firms have reported heightened activity levels of more traditional insolvency work and certain firms are offering a combined finance and insolvency service to clients.

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.

It does represent a good learning ground for those wishing to move in-house later in their careers. Insolvency lawyers have long been regarded as very commercial, this being an attribute that the in-house world values hugely.

September 2017 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 have been thinking about a move or would just like some general advice about options in the market, please feel free to contact one of our dedicated consultants on 0113 2385965 or 0161 3000750.

CapeClarke is a leading niche legal recruitment consultancy operating across Leeds, Manchester, Sheffield, Newcastle, 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.