The legal landscape in New Zealand is ever-changing. Trends constantly evolve to meet the demands of the socio-economic environment. In this article, we aim to shed light on the current trends shaping the legal market and provide insights into where the most significant growth opportunities lie. Staying informed about these trends is crucial for professionals in the legal sector to ensure an optimised job search.
Expanding horizons of property law:
One notable trend is the substantial expansion of opportunities in the property sector across the North Island regions. Following the announcement of the Official Cash Rate (OCR) in February, confidence in the residential property market has soared. This led to a notable 44.8% increase in new listings compared to the same period last year, according to Real Estate.co.nz’s latest report. This surge in activity has created a demand for property lawyers and legal support professionals. Opportunities are emerging in Hamilton, Cambridge, Tauranga, Levin, and Hawkes Bay.
Thriving in the commercial and corporate realms:
In the corporate and commercial sphere, there has been a noticeable uptick in demand for expertise in certain areas. Such as insolvency, structuring and restructuring, business acquisitions and disposals, as well as financing and refinancing. Professionals experienced in these areas are discovering ample opportunities. In locations such as Wellington, Rotorua, Lower Hutt, and Tauranga specifically.
Litigation; a thriving landscape:
Litigation remains a robust area within the legal market, with opportunities abundant in Wellington, Hamilton, Lower Hutt, Tauranga, and Te Awamutu. These opportunities span a range of specialities. They include: civil litigation, relationship property disputes, and estate litigation, catering to a diverse array of legal professionals.
Navigating annual reviews:
As we approach the end of the financial year, annual reviews become a focal point for many professionals within the legal industry. During this period, discussions regarding salaries and benefits often occur. Market data indicates that our legal salary and benefits guide remains competitive and aligned with industry standards. Professionals seeking to assess their current or revised salary against market benchmarks can find it here.
Seize the emerging opportunities:
In conclusion, staying abreast of the latest regional North Island legal market trends is essential for legal professionals seeking to navigate their careers effectively. Identifying areas of growth and demand is key. Individuals can tailor their job search strategies to capitalise on emerging opportunities and ensure continued professional advancement. If you are interested in hearing more about other opportunities not mentioned above, connect with our dedicated legal team Monique, Stevie, Lisa.
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