Fintech / Financial Services
This may come as a surprise to those who expected the market to face a downturn due to the implications of the collapse of Silicon Valley Bank and fewer VC funding opportunities for start-ups due to the current economic climate. However, whilst these have impacted the legal recruitment market within the fintech space to some extent, key regulatory changes and extensive international growth plans for some of the bigger players have increased appetite for hiring legal talent this year. We have seen a significant increase in hiring across the fintech space over the course of 2023 so far.
Predominantly, roles we’ve seen within the fintech space have been for regulatory lawyers, particularly those with payments and crypto regulatory experience due to new developments in 2023 such as MiCA, PSD3 and the new Consumer Duty affecting existing banking products. We’ve seen these positions typically be at the 1-5 PQE level. Commercial/Corporate lawyers have also continued to be in high demand by fintechs and we’ve seen hiring has mainly been at the junior end within the 1 – 3 PQE range. It’s also worth mentioning that we had also seen some need for employment and litigation lawyers with the larger fintechs.
“The competition has been fierce for candidates with regulatory skillsets to join in-house legal teams”
Market Overview London
10
2023
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