Overview

In recent months the market outlook for Banking & Finance activity has improved with a notable increase in recruitment activity among top-tier U.S, International and UK firms. This market has been driven by the expectation of improving macroeconomic conditions, such as falling inflation, allowing for potential interest rate cuts.

This heightened activity spans across areas including private equity, banking, asset management, fintech, insurance, and real estate. Notably, the demand is prominently concentrated at the mid-level. Furthermore, there remains a persistent need for candidates with robust expertise in funds management, derivatives, debt capital markets, as well as those with corporate backgrounds.

Firms are exercising caution regarding overseas hiring, prioritising local talent. Nevertheless, leading US firms are open to considering highly skilled lawyers from Australia and the US. Similarly, certain leading international and UK firms are willing to sponsor associates qualified in Australia and Ireland, provided they meet the requisite standards and qualifications.