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Demand for tech lawyers soars in 2016 - TMT Report

Posted by: Simon Porter 31/10/16

The demand for technology, media and telecoms lawyers has jumped dramatically in 2016 as seen in our recent report in partnership with VacancySoft. Vacancysoft, data publishers for the recruitment industry, charts the number of available legal jobs in the market and found that in 2015 the number of technology, media and telecoms roles being advertised at any one time ranged from 3,000 to 4,000.

However since January 2016, the number of vacancies has risen significantly, peaking in June when there was over 6,000 TMT vacancies. The report cites the implementation of the EU Data Protection Directive in 2017 and the resulting increase in regulation which “will prompt some profound changes in the industry” and no doubt has contributed to the significant rise in demand for TMT lawyers. We've also highlighted the substantial level of uncertainty surrounding Brexit and potential need for legal counsel if the UK diverges from EU digital standards.

Demand for TMT lawyers is also increasing due to the implementation of the EU Digital single market, which aims to increase SME’s access to other European markets. However this has led to media and telecoms businesses having their entire business models challenged as the EU looks to prevent geo-blocking: variable pricing by country and in the case of telecoms, roaming charges. So it’s somewhat unsurprising that TMT lawyers are in increasing demand across the continent.

Nearly three quarters of all TMT vacancies in 2016 have been for lawyers of between 2 and 6PQE, while roles for lawyers of 0-2PQE account for around 12% of jobs, down marginally from 2015 when they accounted for 13%.

To view the report in full please click:

Laurence Simons TMT Report -The rise of TMT law

If you wish to discuss the findings of the report please contact me directly at simon.porter@laurencesimons.com
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