Insights on Professional Services in London 2017

The London Professional Services Market Insights Report covers the following areas. Click to view salaries:

• Audit & Assurance
• Taxation

Audit & Assurance

2016 was a positive year for practice recruitment with continuing demand across external audit and assurance. Despite the economic uncertainty, the professional services market remained consistent with a strong demand for all levels of hiring. The Big 4 were reasonably quiet in terms of external hiring except at the assistant manager and manager level. The greatest demand came from firms in the Top 50 which saw a number of new entrants and enlarged businesses all embarking on recruitment campaigns to bolster their audit and accounts teams.

Taxation

2016 was a tumultuous year for all tax professionals with Brexit and European/US socio-political issues causing plenty of uncertainty, speculation and technical challenges. The practice market remained busier than ever, seeing larger firms investing and rapidly growing their transfer pricing and international tax teams, whilst plenty of mid-tier and smaller firms bolstered their capabilities in areas like private clients. The in-house market remained fairly stagnant and the vast majority of hiring was at the newly qualified to manager level. More lucrative head of tax roles were few and far between due to a lack of movement at the senior level with most large corporates and listed businesses preferring to manage tax risk via external advisors.

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