2016 was an exceptionally interesting year, with economic activity increasing and then coming under threat from the impending Brexit. That being said, there seems to be no ceasing in companies and firms in Ireland growing their legal divisions. There has been a lot of conflicting commentary over the timing and potential impact of Brexit on the global economy and in this context Ireland’s prospects post-Brexit. Whilst no one can be sure, Ireland seems to be the “Hot Topic” when it comes to companies and firms discussing post-Brexit life. Ireland is an obvious choice when it comes to top UK law firms and companies contemplating a move of headquarters. That being said, the pressure is on for Ireland to prove that our infrastructure can handle this growth. Lawyers have been and will continue to play a key role in any development in this area, and thus we anticipate an upsurge in legal recruitment continuing throughout the rest of 2017.
UK, Australian and New Zealand Returners
As a result of the recession and personal circumstances, many Irish legal graduates or professionals moved to different jurisdictions to either begin or continue their legal careers. This could be attributed to the fact that people were not being trained in certain areas of law linked to a strong economy such as corporate, commercial, banking, construction etc. As such, there is a gap in the market at this level (NQ to 5PQE). Our clients are keen to speak with those who may be interested in a return home and Brexit is expected to increase the flow of people back to Ireland from the UK. It is always a personal choice however, and salaries in London are at an all-time high. Given the busy construction and energy market in Australia and New Zealand, we are finding that Irish returners from these jurisdictions can offer amongst other things strong non-contentious advisory and contentious experience in large scale projects. The newly adopted construction contracts act in Ireland draws similarities to legislation in New Zealand and Australia so this experience is very relevant.
“Hot Property” in the Legal and Company Secretarial Market
Whilst recruitment is steady across a variety of legal disciplines in Ireland, it is clear that certain areas are in strong demand. We are finding that all leading commercial firms are seeking transactional lawyers in the areas of banking, funds, corporate and commercial property. ICSA company secretaries will continue to be in high demand throughout 2017 both in-house and in legal and accountancy practices, given the implications of the Companies Act 2014. Company secretaries with experience across investment funds are required across financial services and legal practices and these professionals often attract a higher salary. On the in-house side, companies continue to grow their legal and regulatory teams and people with niche experience in areas such as pharmaceutical, financial regulation, utilities, telecoms, aviation etc. are highly sought after.
Partner/Senior Associate Recruitment
Experienced hires are often a strategic move and it is important for candidates to know their worth. If a candidate can offer a skill set in a particular niche or emerging market or has a strong following of clients, law firms are more than happy to consider taking advantage of this and many leading firms hired in 2016 at a senior level.
The market is highly competitive at this level. Despite strong retention levels in Ireland, firms have needed to add to their offering to avoid lateral moves and relocations to London, off shore jurisdictions or the Middle East.
2016 was a busy year for in-house recruitment with candidates strongly motivated to move in-house from practice. Areas of growth include aviation, pharmaceutical, FinTech, life sciences, asset management, funds etc. Continued FDI in Ireland and the possibility that Brexit will increase demand, should create further opportunities during 2017.
2016 saw private practices focus on sourcing London returners as competition for talent increased, with 3-5 years PQE the in-demand level of experience. With strong solicitors often lost to in-house departments, law firms are placing a lot of emphasis on the non-tangible benefits they can offer their talent. Money often dictates whether talent will move on and law firms are increasingly flexible to attract lateral movers.
With regard to salaries in the legal sector the race is on for legal talent and some firms are increasing their salaries to prevent their trainees from leaving upon qualification. There is also a growing amount of flexibility in terms of what firms are willing to offer. The banded salary model often does not exist when it comes to a specialist lawyer or a strong candidate returning from London. When it comes to senior candidates, your salary offer will often come down to a business case (i.e. what clients/fees can you bring to the firm). The Legal market in Ireland (and particularly Dublin) is continuing to show clear signs of growth. Lawyers are key partners to businesses and levels of recruitment both in-house and in practice indicate economic confidence.
2016 has been an exceptionally interesting year, with economic activity increasing and then coming under threat from the impending Brexit. That being said, there seems to be no ceasing in companies and firms in Ireland growing their legal divisions.
If you are looking for specialist advice please contact Cailim Boyle, Senior Legal & Compliance Recruitment Consultant
Tel: (0)1 4744617 Email: firstname.lastname@example.org
Posted by Cailim Boyle, Legal Recruitment Consultant on 1 December 2017
What New Grads Need To Know About Job Hunting
What New Grads Need To Know About Job Hunting
After graduating from university, looking for your first job can be daunting. You have spent so many years in education and working hard to achieve your degree, you’re eager to start your career but it can be difficult to know how, especially when you’re among so many other graduates in the same position as you applying for the same roles. At Sigmar Recruitment, we want to make the job hunt a little less overwhelming and help you to start your career successfully. Here are the best tips to stand out in your job hunt: Ask Your Lecturers If you’re unsure about what companies to apply for, get in touch with your college lecturers and ask for their recommendations. This is a great way to know what companies are hiring graduates and it’s a great way to introduce yourself when applying. “I heard about your company through my lecturer ____ and I just wanted to introduce myself and enquire about any open positions.” Don’t Be Afraid of The Phone If you’re interested in a job and you’ve applied with your CV, it’s always a good idea to ring the hiring manger to introduce yourself. Often when mangers are recruiting for a position they are inundated with applications. For you to stand out, phone the company and let them know that you are interested in the role. Email Before Attending a Job Fair Student job fairs are like a recruitment frenzy. HR mangers meet so many people in the space of a few hours so it can be hard for them to remember every single person. If you know of a company that will be there and better again, the representative from the company attending, email beforehand. Leading up to the event, you should email to introduce yourself. This will make standing out a lot easier and it will probably be appreciated by the representative as well. Do Your Research Always know about the company you’re applying for before approaching anyone for an interview. The question “What do you know about our company?” will always be asked in an interview. It’s not often you will know what will be asked in an interview so it would be foolish to not prepare. It’s also a great way to impress your interviewer. Doing good research before an interview shows interest and preparation. Name Drop Highlighting your personal connections can be a great way to stand out. If you know of someone who is a client/colleague/friend of the person you are being interviewed by, mention it. Also, if you know someone who works for the company you're applying to, don't be afraid to mention their name in your cover letter. Many businesses actually encourage and reward their employees for referring job candidates so you should always name drop where you can. Always remember, that all the people you admire and see working in role that you aspire to achieve, they all started where you are now. Everyone has to start from somewhere and you will get there with the right attitude and time.
How To Ask For A Promotion
How To Ask For A Promotion
Are you in a job in which you feel you’re doing well, have mastered your role and feel like you’re ready to take on more responsibility? If so, it may be time to ask for a promotion. There are a few ways you can approach this; Reflect Think about what it is you want. Are you looking for more responsibility? More money? To manage more people? Knowing what you want from your promotion is the first thing you need to assess before approaching your boss with the request. You need to have a clear idea of what it is you want before you can ask for it. Going in with just the idea of wanting a promotion without giving it any thought, is a sign that your request will more than likely be rejected. Be Prepared Know in your head all of the projects you’ve worked on. Know any statistics, facts and figures that will support your request for a promotion. Prepare a list of your accomplishments and be ready to talk through each of them with your manager. This is the best way to approach your manger about wanting a promotion and then follow up afterwards with an email. The email should state clearly why you want a promotion and the reasons why you feel you deserve one. It will also give your manager something to look over while he/she is deliberating. Get the Timing Right Timing is everything. Being 6 months in a job and asking for a promotion is never going to be a good idea or 6 months after being given a previous promotion. You need to have worked up enough time and be succeeding in your current role before you can consider a promotion. You need to ask yourself, is now a good time for more responsibility? If you feel you are managing your workload well and are ready and capable of more responsibility, then you can be confident when asking for a promotion. Ask for Feedback In the run up to asking for your promotion, check in with your manager that they are happy with what you are getting done and ask if there is anything else they would like you to work on. If you are consistently getting positive feedback from your manager, it's an indication that there may be opportunity for a promotion. Follow up If you have already asked for a promotion and you haven’t been given an answer weeks later, you will need to follow up. Request a meeting with your manger specifying that you are seeking an answer about the promotion. Be Patient Don’t assume a discussion about a promotion is a once off. It is often a series of conversations over a period of time. Your manager may not even come back to you for a week or two with their answer and he/she may follow up with questions. If unfortunately, you aren’t successful in receiving a promotion immediately, ask what you need to achieve/work on in order to receive a promotion. Armed with this information, you can work on achieving these targets to ensure you receive one in the near future.
Dos and Don’ts When It Comes To Losing Your Job
Dos and Don’ts When It Comes To Losing Your Job
Losing your job can be a very difficult life change to cope with. Getting the initial news will come as a nasty shock, but with these tips from Sigmar Recruitment you will get through this trying time. Don’t Panic You feel shocked and that’s natural. It is stressful losing your job, but sending your brain into overdrive worrying is not going to do you any good. Spiralling with negative thoughts will only make you lose clarity and stop you from making any progressive plans. Trying to remain calm is the first step and the most important thing to keep in mind while you search for a new job. Do Start Your Job Hunt Job hunt immediately. Update your CV and LinkedIn profile. Upload your CV to job boards, get in touch with recruitment agencies and attend networking events etc. It’s important to get the ball rolling straight away so you can stay active. Remember, the sooner you start looking, the sooner you will find a new job. Don’t Clam Up It’s natural to not want to engage with others while you’re unemployed. It often happens when people lose their job, they shy away from social interactions but it’s important to remain involved with friends. Let your friends and family know you are looking for a new job and use your network to ask of any opportunities. The people you know will be happy to help you out so don’t shy away from contact. Do Accept your Situation Accepting what has happened and allowing yourself to be emotional will help you to move forward. Losing your job is terrible and you’re only human so it’s ok to feel miserable. Giving yourself that time to accept your circumstances will help you to process this huge change. Once you’ve accepted the situation you will begin to think clearer and move forward. Don’t Borrow Blindly You may be tempted to borrow cash to tide yourself over or dip into savings. While this may be necessary, borrow or dip into savings as sparingly as possible. Do Rethink your Standard of Living When you’ve set yourself a standard of living it can be hard to re-adjust, but it’s important to reflect on your wants and needs at this time. Your employment status has changed so you may need to adjust the money you spend regularly in order to cope with this significant drop in your cash flow. Consider shopping for cheaper brands and budgeting your weekly spend on social activities. Don’t Neglect Your Wellbeing Be aware of your stress levels. It’s not easy losing your job and you will feel stressed and anxious at times but now that you have more free time, it’s the perfect time to try something new to help with your stress. Try mediation or yoga or adult colouring. Exercise is also a great stress reliever. Take a look at these successful people who received painful rejections before they accomplished all their goals Walt Disney Walt Disney was fired from the Kansas City Star in 1919 because, his editor said, he “lacked imagination and had no good ideas.” JK Rowling JK Rowling got fired when working at the London office of Amnesty International because she would write stories on her work computer all day long. Photo: Daniel Ogren Flickr Oprah Winfrey Oprah Winfrey was an evening news reporter and apparently got fired because she couldn’t sever her emotions from her stories. Photo: Ian Evenstar Flickr Elvis Presley After a performance at Nashville’s Grand Ole Opry, Elvis was told by the concert hall manager that he was better off returning to Memphis and driving trucks (his former career). Bill Gates When Bill Gates dropped out of Harvard he started a business with Paul Allen called Traf-O-Data, which flopped. Luckily, they tried their hand at business again and this time Microsoft was born. Photo: OnInnovation Follow Flickr Albert Einstein Albert Einstein didn’t speak until he was four and didn’t read until he was seven. He was subsequently expelled from school and was not accepted to the Zurich Polytechnic School. Long story short, he came around.
What Employers Really Want
What Employers Really Want
Are you in a recruitment process for a new job? If so, it's important to know what employers look for in a good candidate. Of course, things like qualifications, skills and experience are important but that’s not all employers want. If you've already been asked to interview, chances are your CV has already shown that you have the right qualifications, which is why you are being considered. Now, during the interview stage of the process, the hiring manager will be looking for a little more. Employers need to make sure that you will fit in at their organisation, match their company values and essentially be a part of their team. If you're feeling nervous about a job interview, it's good to remember these 5 things employers look for in an employee... 1. Positive Attitude Being upbeat and positive can make a huge difference. If you are a happy and positive person, a hiring manger will be confident that you will make friends easily and you will enjoy the work you do and even motivate others with your positivity. Being positive can make you approachable and make people want to work with you. 2. Dependable Employers seek someone who is trustworthy and reliable. It’s a crucial character trait in the workplace. Being on time for work and trusted to complete important tasks is what an employer expects from all their employees. 3. Enthusiastic About Learning A person who is eager to work and learn is very attractive to an employer. Showing you have a strong work ethic and are interested in upskilling and improving is exactly what any hiring manger wants. If you're interested in the company and want to invest in learning, your employer will be just as eager to invest in you too. 4. Quick Thinking A person who can react well when things go wrong is very useful to an employer. Having the ability to think on your feet in difficult situations can be of great benefit to any team/company. 5. Works Well In Teams Getting along with people is a huge plus. Maintaining good working relationships and working well with others shows you are a team player and fit with a company’s culture.