Numbers of lawyers fall in City of London

The number of legal professionals working in the City of London has fallen by 18,000 since 2008, according to recruitment agency Randstad Financial and Professional.
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The number of lawyers working in the City of London has dropped by 18,000 since 2008. Vladislav Gajic

It is now 25 per cent  below the level needed to meet demand by the year 2050, says the agency. The number of accountants has fallen by 18,000 as well in the same time and is also on course to undershoot levels needed in 2050. Immigration controls are seen as a major barrier. Tara Ricks, managing director of Randstad, said: 'The UK has shut the door on the skill sets that the financial and professional services sectors need, and a key part of people’s professional fulfilment, the opportunity to work abroad, is starting to become a thing of the past.' Source: Financial Times

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