There are lots of ways of looking for work, and as the job market contracts, it becomes harder to find jobs. In some professions it can turn into a hunt for a needle in a haystack. Not so long ago, the property market was booming and estate agents, solicitors and mortgage brokers were in great demand. Recruitment agencies reported that there was a large surplus of jobs and no candidates to fill them. In early 2008, the property market collapsed and suddenly there were lots of conveyancing lawyers and estate agents looking for work and no jobs for them to go into. This got worse in the months to follow as there were less and less jobs and more and more people looking for work. Redundancies were rife across the market and instead of having vacancies free, companies found themselves with lots of candidates applying for work. This mirrors previous slumps in the market in other fields and is often the case when a large portion of the market suddenly stops being economically viable and lots ...
Award winning blog with 100s of articles on the legal profession, legal recruitment and legal job markets by Jonathan Fagan, MD of Ten-Percent Legal Recruitment, recruitment consultants based in the UK providing a full range of services for solicitors.