Gishan Abeyratne, Associate Director, discusses the London private practice market in 2024 and looks ahead to 2025
From Gishan Abeyratne
London remains a dominant force in the global legal landscape, standing resilient in the face of economic uncertainty and shifting recruitment trends.
The City continues to attract top legal talent, cementing its reputation as a premier destination for career growth.
While opportunities abound in regional markets, the diversity of firms and roles in London remains unmatched. From elite City and US firms to specialist boutique practices, the capital offers a wealth of options. Coupled with its status as a cultural and financial epicentre, London presents a dynamic and challenging environment for legal professionals, clients and recruiters alike.
Practice Areas Driving Growth
Key practice areas such as employment, corporate, and real estate maintain their prominence, fuelling growth across the sector. Firms are also expanding in specialised areas, including tax, financial services regulation, private equity, and pensions.
This breadth of opportunity spans from smaller, niche firms in the West End to major players in the Square Mile, reflecting the market's adaptability and resilience.
Despite a quieter corporate and banking landscape in 2023, signs of recovery are emerging as we move towards the end 2024. Firms are diversifying their focus, strengthening their capabilities, and positioning themselves to meet evolving client demands both domestically and internationally.
Resilience and Adaptation Post-Pandemic
Concerns about the post-pandemic "London bubble" have largely been dispelled. While hybrid working has reshaped the traditional office dynamic, the City’s legal sector remains vibrant. Offices are now hubs for collaboration, learning, and cultural exchange.
Junior lawyers benefit from in-person mentorship and team cohesion, while firms leverage their physical presence to foster a sense of identity and inclusivity.
The balance between flexible working and in-office collaboration has become a key element in sustaining London’s legal ecosystem.
Looking Ahead
London’s legal market is thriving. Firms are not only recruiting but also adapting to attract a diverse range of talent, from regional lawyers seeking a step up to international professionals looking to establish themselves in one of the world’s most prestigious legal hubs.
As we enter 2025, the message is clear: London remains at the forefront of the legal profession, offering unparalleled opportunities for those ready to embrace its fast-paced, competitive, and rewarding environment.
