Insolvency and Corporate Recovery market updates
July 2009
As we head into the notoriously quiet month of August, case flow in Insolvency has slowed, formal Insolvency teams are finding that, in fact, they are not as busy as previously expected and Restructuring teams are waiting for demand for their services to kick in.
This being said, a considerable upturn in volume is expected in the second half of this year, especially in Quarter 4. The number of companies being forced to turn to formal insolvencies is predicted to increase significantly towards the end of the year and corporate clients are likely to be looking for recovery and restructuring solutions
Recruitment has slowed, as is often the case at this time of year, but experienced Directors, Managers and Administrators will still be snapped up by Big 4, mid tier and boutique Recovery teams.
Quality candidates are still very much in demand and firms are keen to attract talent in this climate. Many professionals are finding this to be the ideal climate to make a strategic career move, to negotiate their salary and to jostle for promotion.
For advice on how you can make a strategic move in this market, or for further information about Insolvency and Corporate Recovery or the services we offer in this sector, please contact Rachael Bunton on 020 7269 2306 or email rachaelbunton@michaelpage.com
