We are regularly keeping in touch with all our clients to keep up to date with how they are doing and get an idea of when they think recruitment might be back on the agenda. A few are recruiting, which is great, but they are all very busy.
All of our mid cap investment banking clients are being kept very busy doing secondary fund raisings and other advisory work for their corporate clients. A few are also starting to look at potential IPO’s for Quarter 4 which is very positive news for transactional activity levels which will directly impact on recruitment needs into their teams.
On the whole, our clients corporate finance teams are operating at a workload capacity of between 70% and 90%, meaning that many of them haven’t had to use the government furlough scheme at all. This bodes well for low redundancy levels in the sector and with the level of transactions predicted to rise the teams will need to start hiring new talent again soon.
This confidence and activity is a great sign for the hopes of a quick bounce back in the market and we are working hard to make sure we are ready for that.
If you are keen to:
- Find out more about how the market is responding to the lock down and Covid-19 restrictions
- Talk to one of our consultants about recruiting into your team
- Considering a career move