Our specialist team of employment and immigration solicitors and HR and global mobility consultants work with tech companies of all sizes, delivering strategic consultancy and managed services in support of their workforce planning, management and development efforts.
As employer solutions lawyers, we help ensure our clients’ HR, immigration and global mobility programmes are both fully compliant with their legal obligations and effective in supporting the organisation’s people-led business objectives.
We have extensive experience within the UK tech sector and are fully immersed in the organisational, talent, human resource and mobility challenges facing business leaders and HR in this industry.
We help employers in the sector to:
The UK’s financial services sector faces a crucial challenge: attracting and retaining top talent. While competition from global financial hubs is a constant reality, a significant obstacle lies within the UK itself – its increasingly restrictive immigration system. This, combined with the sector’s highly specialised needs, threatens the industry’s continued dominance and global competitiveness.
Across the UK financial services sector, vacancies remain consistently high, exceeding 40,000 in areas such as investment banking, risk management, and data analytics. This talent gap manifests in delayed transactions, reduced innovation, and even potential offshoring of services to countries with more accessible talent pools.
The financial services sector has long relied on international talent to fill critical roles. From experienced traders and investment bankers to skilled data analysts and cybersecurity experts, global talent plays a crucial role in fuelling the sector’s success. This reliance stems from several factors.
Many positions demand highly specialised skillsets and years of experience, often exceeding the available domestic talent pool.
The sector also operates in a globalised environment, requiring a workforce with diverse cultural awareness and language skills.
And attracting top talent from around the world is crucial for maintaining the UK’s competitive edge in a cutthroat global financial landscape.
Recent changes in UK immigration policy have created a more challenging environment for financial services firms seeking to recruit and retain international talent.
The points-based system for work visas makes it expensive and cumbersome for firms to sponsor foreign workers, especially for niche roles within the sector.
The SOL, which lists professions facing skills shortages, does not adequately reflect the needs of the financial services sector. Many critical roles are excluded, limiting the pool of eligible candidates.
The long-term impact on post-Brexit visa options and mobility for EU workers further compounds the recruitment challenges.
These immigration hurdles contribute to the financial services sector’s talent gap, with detrimental consequences.
Unfilled positions stifle innovation, hinder expansion, and make it harder for UK firms to compete with their global counterparts.
The departure of skilled foreign workers leads to a brain drain, eroding the UK’s financial services expertise and knowledge base.
And a reputation for being closed to international talent can deter top global talent from considering careers in the UK financial services sector.
To remedy these issues, the UK needs a concerted effort to address the financial services sector’s specific immigration needs.
Ultimately, a thriving financial services sector relies not only on economic stability and market trends but also on a diverse and accessible workforce fuelled by a sensible and responsive immigration system.
Our team of leading UK immigration solicitors help financial services companies with all aspects of their UK immigration needs.
Through our strategic advice and managed migration services, we operate in support of inhouse HR teams or on a fully outsourced basis to ensure you operate competitively and in full compliance when employing overseas workers. Clients benefit from access to our immigration solicitors via a dedicated telephone support line, available weekdays from 8.30am – 6.00pm.
Our employment lawyers works with employers of all sizes to provide ongoing employment law advice, representation and strategic risk management guidance.
We offer specialist, fixed fee employment law services including access to unlimited telephone advice.
Our team of highly experienced HR consultants support financial services employers to improve the performance of their HR function and enhance the overall impact of HR projects.
We combine deep industry knowledge with technical expertise to help employers in the tech sector drive commercial performance through a transformative approach to human resource planning, management and development.
We help ensure our FS sector clients’ global mobility programmes are both fully compliant with immigration requirements and effective in supporting commercial operations.
We understand the challenges involved in managing a global workforce and provide expert guidance to help reduce risk while deriving maximum value and return from mobility programmes.
DavidsonMorris Ltd t/a DavidsonMorris Solicitors is a company Registered in England & Wales No. 6183275
Regulated by the Solicitors Regulation Authority No. 542691
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