Highest demand for contract and permanent IT staff since 2014

The below charts track instructions from our law firm clients from 2014 to end of the first quarter of 2018. We have left out actual numbers from the y-axis but the graphs map the data correctly to show trends.

Comparison of volume of contract and permanent jobs since 2014

Comparison of volume of contract and permanent jobs since 2014

 

Comparison of volume of contract and permanent jobs since per quarter, Jan 2016 to Mar 2018

Comparison of volume of contract and permanent jobs since per Quarter, Jan 2016 to Mar 2018

 

Comparison of volume of permanent jobs since per quarter, Jan 2014 to Mar 2018

Comparison of volume of permanent jobs since per Quarter Jan 2014 to Mar 2018

 

Comparison of volume of contract jobs since per quarter, Jan 2014 to Mar 2018

Comparison of volume of contract jobs since per quarter, Jan 2014 to Mar 2018

Analysis

Interpretation of the fluctuations shown in the charts is open to discussion.

The most obvious measurement is that this quarter is looking like the busiest since January 2014 (12% of this increase is due to increased market share but the rest is increased activity within our historic client base).

Summary of overall volumes

Contract (Day Rate)

  • 2016 saw a 45% increase in demand for contractors compared with 2015.
  • 2017 saw a 20% decrease compared with 2016 but was still 17% up on 2015.
  • 2018 first quarter is a 58% increase on the same quarter in 2017.

Permanent

  • 2016 was the same as it was in 2015.
  • 2017 increased by 17% compared with 2016.
  • 2018 first quarter is a 117% increase on the same quarter in 2017 and a 25% increase on the same quarter in 2016.

Fixed Term Contracts (FTC) (not shown on graphs)

In 2016 10% of our perm requirements were fixed term contracts which amounted to 19% of all non-permanent resource demand.

2017 saw a 25% decrease - only six per cent of our perm requirements were fixed term contracts which amounted to 18% of all non-permanent resource demand.

First quarter of 2018 demand amounts to 13% of perm demand and 10% of all non-permanent demand.

Demand for FTCs and contractors decreased in 2017 by a similar amount but demand for FTCs compared with contractors has halved in 2018 in the first quarter.

It has never been busier in Legal Tech!

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