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Brum Attracting Professionals

by Alison Adkins
Date: Oct 2018
Why Birmingham is attracting professionals away from London Birmingham’s rising salaries, low living costs and quantity of major global firms are persuading more professionals to start and develop their careers in the UK’s second city rather than London. That’s the opinion of a major national recruitment firm based on comparative research – and the views have been supported by top business, finance and legal professionals living and working in Birmingham. Meanwhile, the Office of National Statistics has also reported that Birmingham attracts more people from London than it loses, with a net import figure of 1,230 in 2016 and 660 in 2017. Lee Biggins, founder and managing director of CV-Library, said: “Birmingham’s economy is currently booming and there are financial benefits of working in the city, making it a great location to seek employment. “According to our research, advertised salaries in Birmingham rose by 9.9% in August 2018 compared to last year, nearly three times the rate of salary growth in London, which only saw a 3.8 per cent increase in August. “A further study found that while Londoners pay 37.1% of their monthly salary on living costs, workers in Birmingham only spend 18.2% of their wages, making professionals in this city better off financially than those in the capital. “Another recent piece of research found that Londoners spend a staggering £425 a month on work-related expenses, such as lunch and commuting, while professionals in Birmingham spend just under half of this at £210 per month.” Yet for employers, Greater Birmingham remains an affordable option when compared with London. Average rental prices for grade A office space in Birmingham is £32.50 – less than half of London’s £70 average. Russell Hill, a partner at Squire Patton Boggs restructuring and insolvency department in Birmingham, proudly calls himself a “born and bred Brummie”. He left school at 16 to become an office junior in a local law firm while taking legal studies via evening and weekend classes. After completing his studies at the University of Law in Birmingham he trained as a chartered legal executive at what was then Lee Crowder and is now DWF. Mr Hill moved to Pinsent Masons and then Eversheds for nearly 10 years, progressing from legal executive to principal associate before becoming a solicitor. He moved to Squire Patton Boggs in 2015, winning the legal category in the Birmingham Young Professional Awards in 2016. He said: “My own journey is a perfect example of what you can achieve in Greater Birmingham. I have lived, studied and worked here my whole life. “I started out as an office junior making the tea twice a day for the lawyers. I’m now a partner in one of the biggest law firms in the world and can count John Boehner, Speaker of the House of Representatives under President Obama, as one of my colleagues. “I’ve worked for some of the top law firms in the country on some huge transactions for major clients like KPMG, PWC, EY, Barclays Bank, HSBC Bank and Lloyds Bank. Greater Birmingham has given me everything I could need in my career. Why would I need to go elsewhere?” If you’ve recently moved out of London and into Birmingham, and are looking for a role in Sales or Marketing, get in touch today to find out how we can help you on 0121 585 6079.
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