Following Monday's announcement Slater & Gordon's share price dropped to 26 cents yesterday and its viability is being questioned. Will they survive? Let's hope so, but it’s not looking good.
On the Legal Recruitment front we have seen the demand for front-end construction lawyers increase for the second consecutive month in a row as a result of increased investment in large infrastructure projects, however there are significant talent shortages in this area of law.
The demand for corporate and commercial lawyers is still strong, while new positions for information technology and insurance lawyers are coming through. The demand for property lawyers is finally trending downwards after reaching peak levels late last year.
Commercial litigation, family law and employment law remains steady while the demand for planning lawyers has fallen.