Why Tax Professionals Should Stop Judging In-House Roles by Job Title

Tax professional at desk
By James Rodgers, Head of Tax Recruitment

For tax professionals considering their first move from practice into industry, one of the biggest misconceptions can be surprisingly simple: assuming that a job title tells you everything you need to know about a role.

In practice, titles are largely standardised. Whether you're at a Big Four firm, a mid-tier practice or a law firm, there is a fairly well-understood hierarchy. Analyst, Associate, Senior Associate, Manager, Senior Manager, Director, Partner. Each level carries broadly similar expectations around experience, responsibility and compensation.

However, industry doesn't work that way.

Once you move in-house, job titles become far less reliable as a measure of seniority, scope or earning potential. Every business creates its own organisational structure, and titles often reflect internal conventions rather than any market-wide standard.

As a result, two people with the same title can be doing vastly different jobs, while two completely different titles can represent almost identical levels of responsibility.

I've seen this play out repeatedly across the tax market.

Recently, I worked on a Tax Associate role within an investment management fund. The total package exceeded £110,000 and the ideal candidate profile was a Manager from a recognised accounting firm. The role offered exposure to a sophisticated fund environment, significant responsibility and genuine long-term progression opportunities.

Yet several strong candidates ruled themselves out before even exploring the opportunity because they saw the word "Associate" and assumed it represented a step backwards in their career.

In reality, the role was anything but junior.

This is one of the biggest traps tax professionals can fall into when evaluating opportunities in industry.

Why Titles and Compensation Don't Always Align

The disconnect becomes even more obvious when you look at compensation.

In practice, progression and salary are closely linked. Move up a grade and your remuneration generally follows a predictable path.

In industry, that relationship can look very different.

I've seen Tax Managers at large, listed businesses earning less than Tax Associates at private equity funds. I've seen Heads of Tax at smaller organisations earning less than Senior Managers in practice. Equally, I've seen Analyst-level positions at well-capitalised investment firms offering packages that would surprise many experienced tax professionals.

The reason is simple: businesses don't price roles based primarily on what the title sounds like.

They price them according to the value of the skill set required, the complexity of the work, the level of responsibility involved and the commercial realities of the business itself.

A growth-stage fund with a lean finance function may need one individual to take ownership of a significant portion of the tax agenda. Internally, that person might be called an Associate, a Manager or something entirely different. The title is largely irrelevant. The compensation reflects the importance of the role.

Conversely, a large multinational may have an impressive-looking hierarchy full of Director or Associate Director titles, but with relatively narrow remits and multiple layers of management. In those situations, the title may sound senior, but the scope and remuneration can tell a different story.

What Tax Professionals Should Focus on Instead

When assessing an in-house opportunity, the questions that matter most rarely relate to the job title itself. Instead, focus on:

Total compensation

Look beyond base salary. Consider bonus potential, long-term incentives, carry arrangements, pension contributions and wider benefits. The overall package often tells a more accurate story than the title.

Scope and ownership

What will you actually be responsible for? Will you own key tax processes and decisions, or will you be supporting someone else who does?

Complexity of the tax work

Consider the size of the tax footprint, the jurisdictions involved, transaction exposure and the technical challenges you'll encounter. Complexity often creates career-enhancing opportunities regardless of title.

Career progression

How is the team structured? What does progression look like over the next two to five years? A seemingly modest title today may offer a far stronger long-term trajectory than a more senior-sounding alternative elsewhere.

The business itself

Where is the company heading? Growth, acquisitions, fundraising activity and international expansion can all significantly influence the opportunities available within a role.

Don't Let a Title Make the Decision for You

One of the biggest differences between practice and industry is that job titles lose much of their predictive value.

The title alone rarely tells you how much you'll earn, how much responsibility you'll have or how valuable the experience will be for your long-term career.

Yet many tax professionals still filter opportunities primarily through that lens, particularly when considering their first move in-house.

That can mean overlooking roles with exceptional compensation, greater autonomy, broader exposure and stronger progression prospects simply because the title doesn't match expectations.

The most successful moves into industry tend to come from candidates who look beyond the label and focus on the substance of the opportunity.

Because when it comes to in-house tax roles, what the job is often matters far more than what it's called.

get in touch

Looking to make a move in-house or hire your next in-house tax professional? Contact James Rodgers, SRM's Head of Tax Recruitment, on jamesrodgers@srmrecruitment.com or call +44 (0)7852 322955.

Why Businesses Across the Home Counties Are Turning to Interim Finance Talent

interim finance talent
interim finance talent

The interim finance market has evolved significantly over recent years. Historically, interim finance professionals were often engaged to cover maternity leave, sickness absence or short-term vacancies. Today, organisations across Hertfordshire, Bedfordshire, Buckinghamshire, Cambridgeshire, Essex and Peterborough are increasingly using interim talent as a strategic solution to support transformation, growth, change and business-critical projects.

As businesses continue to navigate economic uncertainty, rising costs, evolving technology and increasing stakeholder expectations, demand for experienced interim finance professionals remains strong throughout the Home Counties.

Why Businesses Are Hiring Interim Finance Professionals

The reasons for engaging interim finance talent have become far broader than simply covering an absence.

Many of the assignments I support involve:

  • Finance transformation programmes
  • ERP and systems implementations
  • Acquisition integration projects
  • Process improvement initiatives
  • FP&A and reporting enhancements
  • Leadership cover during recruitment processes
  • Preparation for audit, funding or investment events
  • Managing periods of rapid growth, restructuring or organisational change

In many situations, businesses simply cannot afford to wait three to six months for a permanent hire to be identified, onboarded and become fully effective. An experienced interim can often be adding value within days.

The Rise of Project-Based Finance Recruitment

One of the biggest shifts I have seen throughout 2025 and 2026 is the increase in project-driven interim hiring.

Businesses are increasingly engaging experienced Finance Directors, Financial Controllers, FP&A professionals and Finance Transformation specialists on fixed-term contracts or interim assignments to deliver specific outcomes.

Examples include:

  • Improving cash flow and working capital management
  • Building forecasting and planning capability
  • Implementing Power BI reporting solutions
  • Preparing finance functions for acquisition activity
  • Enhancing controls and governance frameworks
  • Supporting finance teams through organisational change
  • Delivering ERP implementations and finance systems upgrades

The emphasis is no longer simply on maintaining finance operations. Organisations want interim professionals who can improve them.

What Clients Are Looking For in Today's Market

Technical capability remains important, but clients are increasingly focused on a candidate's ability to deliver results quickly.

The most sought-after interim finance professionals typically demonstrate:

1.Speed of Impact

Businesses want individuals who can assess a situation quickly, identify priorities and begin delivering value almost immediately.

2.Stakeholder Management

Interims are frequently operating within complex environments and must be able to influence senior stakeholders, challenge appropriately and build credibility quickly.

3.Systems and Data Expertise

The increasing use of Power BI, SAP, Oracle, Dynamics, OneStream and other reporting platforms means strong systems capability is becoming a significant differentiator.

4.Change and Transformation Experience

Many organisations are seeking individuals who have successfully led change programmes previously and can bring proven experience into a new environment.

5.Commercial Awareness

Today's interim market increasingly favours professionals who combine strong technical skills with commercial thinking and the ability to influence decision-making.

The Current Candidate Market

Interestingly, the candidate market has also evolved.

Many experienced finance professionals who may previously have focused exclusively on permanent opportunities are increasingly open to interim and fixed-term contract assignments. For some, this provides greater flexibility and exposure to a wider range of projects. For others, it offers the opportunity to specialise in transformation, systems implementation or business change.

As a result, organisations are often able to access exceptionally strong talent that may not have been available to them several years ago.

Challenges Within the Current Interim Market

While demand remains strong, the market has become increasingly selective.

Businesses are understandably seeking greater certainty around outcomes and return on investment. As a result, hiring managers are often prioritising:

  • Relevant sector experience
  • Proven delivery of similar projects
  • Strong references and track record
  • Systems and transformation expertise
  • Cultural fit alongside technical capability

The most successful interim professionals are therefore those who can clearly articulate not only what they have done, but the measurable impact they have delivered.

Interim vs Permanent: Which Is Right For Your Business?

This is one of the most common questions I receive from clients.

A permanent hire is typically the right solution where long-term stability, succession planning and future leadership development are key objectives.

An interim solution can often be the better option where:

  • There is an urgent requirement
  • Specialist expertise is needed quickly
  • A transformation project requires dedicated resource
  • A permanent recruitment process is likely to take several months
  • Additional leadership capacity is required during a period of change
  • There is uncertainty around future organisational structure

Increasingly, I am seeing organisations utilise both strategies simultaneously, engaging interim talent to provide immediate support whilst conducting a thorough search for a permanent appointment.

The Home Counties Interim Finance Market

Across Hertfordshire, Bedfordshire, Buckinghamshire, Cambridgeshire, Essex and Peterborough, demand remains particularly strong across:

  • Interim Finance Directors
  • Interim Financial Controllers
  • Interim FP&A Professionals
  • Interim Finance Managers
  • Interim Management Accountants
  • Finance Transformation Specialists
  • Project Accountants
  • Systems and Reporting Professionals

Whilst market conditions continue to evolve, organisations that move decisively and engage the right interim talent are often best positioned to navigate periods of change, maintain momentum and achieve their strategic objectives.

How I Can Help

As Business Director at SRM Recruitment, I specialise in interim and fixed-term finance recruitment across the Home Counties, covering Hertfordshire, Bedfordshire, Buckinghamshire, Cambridgeshire, Essex and Peterborough.

I work with businesses ranging from SMEs through to large international organisations, supporting the appointment of Interim Finance Directors, Financial Controllers, Finance Managers, FP&A professionals, Management Accountants and Finance Transformation specialists.

Whether the requirement is to deliver a critical project, provide leadership during a period of change, support a systems implementation or bridge a gap whilst a permanent appointment is secured, I help organisations access experienced finance professionals capable of making an immediate impact.

Having built an extensive network of qualified finance professionals across the region, I understand both the opportunities and challenges within today's interim market and can provide honest advice on availability, market conditions, day rates, fixed-term contract solutions and hiring strategies.

If you would like to discuss the interim finance market, benchmark a requirement or simply gain insight into current market trends across the Home Counties, please feel free to get in touch.

Liz Hawkins
lizhawkins@srmrecruitment.com
+44 (0)7508 956587

SRM: The First Decade

celebrating 10 years of SRM
celebrating 10 years of SRM

There is a particular kind of madness that grips people when they decide to leave perfectly good salaries behind and start something from scratch.

It might include a good helping of self-confidence, a light sprinkling of bravado, and a detailed business plan that doesn't survive initial contact with reality. In the case of Andrew Setchell, Stewart Robertson and Rory MacSween, who between them comprise the ‘S’, the ‘R’, and the ‘M’, of SRM - it also entailed the ability to respond rapidly to an unrelenting decade of events, and emerge smiling at the other end.

After 10 years in business, SRM Recruitment has grown from three men and an idea into one of London's most respected specialist recruitment consultancies - placing senior finance, tax, legal and M&A insurance professionals across the UK and internationally, with offices in London, Guildford and Welwyn Garden City, and a team of over 20 specialised professionals.

Easter 2015. Over the top.

The founding story began, as many good ones do, with a question that needed answering. Andrew Setchell had spent four years as an accountant at PWC before moving into recruitment in 1996, eventually running large teams at Michael Page and Robert Walters. By Easter 2015, he was considering the next decade, and wondering ‘why’? Why had the industry where he’d worked for twenty years traded genuine consultancy for the kind of relentless, funnel-driven, phone-bashing culture that made good recruiters miserable and clients feel like they were being processed rather than helped?

"I always wanted to do my own thing, but I'd never do it by myself," Andrew says. "I needed like-minded people." He found two.

Rory MacSween had come to recruitment via a rather more scenic route; the British Army, then Michael Page and Robert Walters, before carving out a niche in the then-nascent world of M&A insurance. Stewart Robertson, a Modern History graduate from Royal Holloway who had also come through the big corporate recruitment machine, had arrived at similar conclusions independently. "We were all having the same conversations," says Rory. "It felt very transactional, like you were turning a wheel. Hard to put your stamp on something."

What gave them the final push? A developing conviction that there was a ‘better way’ - borne of watching floors empty during the financial crisis, observing management endlessly meddling, and noticing the business become, as Andrew puts it, "all about volumes". "The big corporate firms believed the brand was bigger than the person," says Andrew. "But for a medium-sized player, it's far more relationship-driven.” The new way had to be different. More consulting, less funnel. More relationship, less brand.

They handed in their notices in March 2016, collected their bonuses, and launched SRM just as the country was about to vote on Brexit. "We thought: Conservative majority, remain wins, markets go boom, we catch the wave," recalls Stewart, with a rueful laugh. "Yeah."

The First Year: Hard Lessons and Good Hires

The early days had a certain chaotic energy. For a while Stewart worked from his back garden shed. Rory and Andrew sat at a shared WeWork at Fox Court, where the ping pong tables and complimentary evening beer represented either a wonderful startup ecosystem or a terrible productivity environment, depending on the time of day.

The business plan — built partly on the assumption that blue-chip client accounts would follow them from their previous employer — "was out the window within twelve months." More pressingly, litigation arrived in the form of legal letters from past employers, designed, as Andrew notes, "to take up oxygen." It worked, for a while, but was resolved. "It did take a toll," he says. "But it also tempered the risk. You learn a lot about people. And about each other.”

But the wins came. After ten or eleven months of grind, they had back-to-back strong months. The model was working. Rob McKay and Dave Kingston, two early hires who took a genuine leap of faith, are name-checked with real warmth; "they came when we were literally nothing, and remain central figures in the business today.”

The Decade in Brief: Brexit, Covid, and the M&A Freeze

SRM has been tested by just about everything the last decade could throw at it. Brexit, which was timed with spectacular bad luck to coincide with their launch, initially caused a sharp intake of breath before proving broadly manageable. Covid was different.

"Bar one client, all live mandates were cancelled or put on hold indefinitely," says Stewart. "Overnight." That single remaining client — who happened to complete an acquisition at the exact moment lockdown was announced and needed an entire finance function recruited — thankfully kept things ticking over. Then, almost as suddenly as it had stopped, the market came roaring back. 2021 and 2022 were "by far our most successful years." Brexit had thinned the pool of European talent, demand was surging, and SRM leaned hard into genuine consultancy; helping clients navigate everything from sponsorship licences to employment law.

Then came 2023. The M&A market, which had been running hot, cooled sharply as interest rates rose and deal flow dried up. "Summer 2023 was still pretty good," says Andrew. "Then the kids went back in September and it wasn't the same September as the year before."

They navigated it, as they have navigated everything, by staying lean, diversified — and doing what smaller, more agile ‘boutique’ firms can do better than large ones: pivot fast — "it's rare that every part of our business is pulling back at exactly the same time, and that is a strength not a weakness.”

What Makes SRM Different: ‘Relationship Led. Data Driven.’

Ask the founders what sets SRM apart and you get a consistent answer: they recruit experienced people, give them autonomy, and get out of the way. No KPIs. No call-rate targets. No boiler-room atmosphere. Flexible working was already the norm at SRM, before Covid ever arrived. "The least experienced person in our business has seven years of recruitment experience," says Andrew, "we gladly recruit people with grey hair. With no hair…" he adds with a knowing smile.

The approach — which they describe as closer to search than traditional contingent recruitment — is built on a simple observation: the best outcomes come from relationships, not volume. "You just need really good relationships to get the same return without the flannel," says Andrew. "The big firms didn't work that out because they thought the brand was bigger than the person."

The Next Ten Years

"Everything you hear is how quickly AI is going to change our world", says Stewart, sanguine but clear-eyed about the future. The consensus among the founders is that AI will help them work faster, but that the fundamental value of what they do — human judgment, market intelligence, discretion, the ability to sit over lunch and map out someone's career — is not something an algorithm can replicate. "I had lunch with a client last week," says Rory. "We drew up a list of businesses he was interested in. By 5pm I had him an interview at one of them. I can't envisage a world where AI does that. Human interaction can’t be overrated.”

Andrew has a bolder prediction: as AI takes over junior professional work and graduate hiring shrinks at the big firms, newly qualified accountants and lawyers will become rarer and therefore more valuable. "Supply goes down, price goes up.” As for what comes next for SRM itself: growth, yes. New sectors, possibly. Selling? "We've never seriously sat down and discussed it," says Andrew, adding, “we want to create a space for every employee to earn six figures.”

And the most important thing about the next decade? "If we have a business in ten years that still holds the values we set out with," says Rory, "I'd be incredibly proud of that.”

Joe Bennetts joins SRM’s Finance Recruitment team in Guildford

Joe-Bennetts
Joe-Bennetts

We’re pleased to welcome Joe Bennetts as a Business Director to SRM Recruitment’s Guildford finance recruitment team. Joe tells us a bit about himself, the roles he’ll be working on, and why hiring managers and job seekers like working with him.

Tell us a bit about yourself? 

A proud Devon boy through and through, I’ve been in recruitment since I left university and I realised I was about 2 foot too short to be a rugby player! I had some friends who had gone into recruitment and thought I’d give it a go, and a few years later I’m still giving it a go so I must be doing something right. Outside of work, when I am not chasing 2 kids around, you can find me still pretending I can play rugby (although the body is slowly giving up on me!) playing golf or more recently, following the trend of playing padel.

Tell us about your career to date?

I started in recruitment back in 2011 after finishing university. I didn’t really know what recruitment was to be honest but the idea of building relationships and not being sat behind a desk all day really appealed to me. I joined a large FTSE 250 where I had some amazing training and guidance and went through the ranks pretty quickly. After relocating to the South East back in 2016, I’ve since focused on recruiting finance vacancies across the area. I love the variety of people and businesses I get to work with from P.E carve outs to leading technology companies meaning no two days are the same – it really does fascinate me!

What was it that appealed to you about working for SRM? 

My paths had crossed inadvertently with Stewart Robertson and a few of the other people in the team and I had heard amazing things about them which were only reinforced when I met them for a coffee. Stewart, Andrew and Rory share the same fundamentals as I do which is work hard, deliver a good service and to make the recruitment process as seamless as process for everyone.

Their views and the way they see recruitment really aligned with me and it didn’t take much convincing from them for me to join!

Tell us about your remit at SRM? 

Working closely with Sam, George and David in our Guildford office, my remit is to offer a top quality, honest, relationship driven approach to recruitment in the area, focusing predominantly on the qualified finance space.

What do hiring managers and job seekers like about working with you? 

You’d have to ask them! I do try to be as honest as possible no matter how difficult that conversation can be sometimes though and equally, I won’t promise anything I can’t deliver on.

However, given the length of time I have spent operating in the market, I like to think I can offer a huge amount of market insight, from salaries to competitor analysis. For me, it isn’t about making a quick placement but how I can go about building relationships that prosper for years to come.

What’s your top piece of advice for hiring managers right now? 

Act quickly and partner with SRM! The competition for top tier talent in the market is still as competitive as ever. Have you done your internal due diligence? Has the role been signed off, has the interview process been ironed out, do they need to do a case study, testing etc.? Hiring processes are a two-way street and making it as seamless as possible is going to be a great sales tool if you’re expecting to hire the best talent for your role – especially if they have multiple process on the go.

What’s your top piece of advice for candidates right now? 

Always keep your CV up-to-date and never stop expanding your network – in this market it is always best to be on the front foot. Keep the CV updated as you go and spend some time networking and keeping in touch with people whilst keeping your personal brand up-to-date and relevant. You never know when you going to need it.

get in touch

Need help to hire or find your next finance role in the South East? Contact Joe on joebennetts@srmrecruitment.com or call +44 7879 497044. You can also connect with Joe on LinkedIn here

What the Northern Home Counties Finance Market Is Telling Us Right Now

Finance handshake
Finance handshake

By Pat Sommerfelt, Senior Consultant

I've been having a lot of conversations with finance hiring managers and candidates recently. Here's what I'm actually seeing in the market right now.

1. Attitude is the new qualification

The days of rejecting a CV because someone hasn't ticked every box are fading fast. I'm seeing more employers open to hiring on potential - backing the right person and developing the gaps. The data backs this up too, with the vast majority of finance employers now saying attitude and willingness to learn outweighs existing technical skills. For PQ candidates’ mid-studies, this is genuinely good news. The market is more open to you than it might feel.

2. Job ads alone aren't working

If you're a hiring manager who has posted a vacancy and is wondering why the quality isn't there, you're not alone. Candidate confidence is low right now. Finance professionals are cautious. The mindset I'm hearing repeatedly is "it has to be the right move, or I'm staying put."

The result? The best people aren't browsing job boards. In the current market, the overwhelming majority of successful placements are coming from direct headhunting and network referral, not inbound applications. If your role has been live for a few weeks without real traction, the talent you want almost certainly hasn't seen it.

3. Hybrid isn't a perk anymore, it's a filter

This one keeps coming up. A strong candidate, a genuinely interesting role, and then the employer mentions four or five days in the office. The conversation stops there. I'm not exaggerating when I say this is one of the most common reasons a process falls apart before it's even started.

The majority of finance professionals say they simply won't consider a role without hybrid working, and a significant chunk would actually take a pay cut to get the flexibility they want. If you're struggling to attract candidates, the working arrangement conversation needs to happen before the job spec is written, not after the first round of interviews.

4. The skills gap is real and it's reshaping what "good" looks like

This is the one that I think will define the next few years of finance hiring. Nearly half of UK organisations are going through some form of finance transformation right now, ERP migrations, automation, analytics.

At the transactional level, roles that used to be pure process are increasingly requiring comfort with systems and data. At the PQ level, the newly qualified who can model, interpret data and act as a genuine business partner are getting multiple offers. Those who haven't developed those skills alongside their studies are finding it tougher. The gap between a good profile and a great one is increasingly a digital one.

So, in summary

What I'm taking from all of this is that the finance recruitment market in 2026 rewards specificity!

Be specific about what you need, honest about what you're offering, and proactive in how you go to market for talent.

Get in touch

If any of this resonates, whether you're a hiring manager trying to work out why a search isn't moving, or a candidate figuring out your next step, I'm always happy to have a straight conversation.

Contact me, Pat Sommerfelt, Senior Consultant, on patsommerfelt@srmrecruitment.com or call 07399 278452.

George Weston joins SRM’s Guildford Finance Recruitment team

George Weston Business Director
George Weston Business Director

We’re delighted to welcome George Weston as a Business Director to SRM Recruitment’s Guildford finance recruitment team. George tells us a bit about himself, the roles he’ll be working on, and why hiring managers and job seekers like working with him.

Tell us a bit about yourself?

I'm George Weston, a seasoned senior finance recruitment specialist based in Fareham with over 20 years in executive search, focusing on CFO, FD, and Senior Finance placements. Outside of work, I enjoy sailing, running and heading into the gym, alongside spending time in the kitchen. As my kids are older now, I hope to do a little more travelling with a long list of destinations to work through.

Tell us about your career to date?

I spent my earlier recruitment career in London, returning to the South Coast and then spending just over 20 years at CMA Financial Recruitment, rising to Associate Director where I led retained search for senior finance roles and drove business development across the Southern Home Counties. 

What prompted your move to SRM?

After two decades at CMA, I sought a fresh challenge to leverage my expertise in a dynamic, growing firm. SRM's Guildford office offered the perfect opportunity to expand my impact in a collaborative environment while aligning with my focus on regional finance talent.

What was it that appealed to you about working for SRM?

SRM's reputation for specialist recruitment, client-centric approach, and growth in the South East stood out. I was drawn to the supportive culture, emphasis on relationships, and the chance to contribute to a team that's scaling fast.

Tell us about your remit at SRM?

As Business Director in the Guildford office, my remit covers leading CFO/FD searches and Senior Finance appointments across the Southern Home Counties, client relationship management, market analysis, and business development via targeted outreach with both industry and the Advisory/PE community.

What do hiring managers and job seekers like about working with you?

Hiring managers value my market insight, discreet handling of sensitive searches, and ability to match candidates to business needs quickly.

Candidates appreciate my honest advice, negotiation support, and long-term career guidance that goes beyond placements.

What’s your top piece of advice for hiring managers right now?

Prioritise cultural fit alongside technical skills - top finance leaders thrive when aligned with company values. Act fast on retained partners like SRM to access passive talent in this competitive market.

What’s your top piece of advice for candidates right now?

Tailor your CV to showcase quantifiable impacts, like cost savings or growth delivered, and prepare examples of strategic influence. Network proactively on LinkedIn now to stand out before roles go live.

Get in touch

Need help to hire or find your next senior finance role? Contact George on georgeweston@srmrecruitment.com or call +44 7710 756098. You can also connect with George on LinkedIn here

Sam Morgan joins SRM’s Finance Recruitment team in Guildford

Sam Morgan Business Director
Sam Morgan Business Director

We’re delighted to welcome Sam Morgan to SRM Recruitment as a Business Director in our Guildford finance recruitment team. Sam tells us a bit about herself and what prompted her move to SRM. She also shares about the roles she’ll be working on, and her advice for hiring managers and job seekers in the current market.

Tell us a bit about yourself?

I started work in recruitment in 2001 purely by accident! I was registered with an agency who placed me in a role for a maternity cover and when that contract came to an end, we were discussing my options for what was next, when I was told to sell them the desk fan in the corner. The rest is history and I’ve been in recruitment more of my life than I haven’t!

Tell us about your career to date?

In 2001 I started my first recruitment role; it was high volume Business Support and Industrial and in one shift I had 30 temps working. I was even known to go and pick candidates up and drop them to work for a night shift, so I knew my client wouldn’t have anyone let them down. I answered the phone in the office one day and it was a rec-to-rec; I wasn’t even looking for a new role and suddenly I was in process to work for an international market leader. It was a great role where they offered continuous training and clear progression; I remember when I first started I was told I had “big shoes to fill” which felt like a challenge to me… as it turned out, those boots were too small for me. I stayed there for over 8 years and only left to go on maternity leave. I knew in my heart I wouldn’t be going back and instead used it as a perfect time to make a change.

Following my maternity leave, I went on to work for another well-known business for 4 years and then a smaller local agency for almost 11 years which I was made redundant from in early 2025. I took a break and started with SRM in November 2025 and its honestly the best decision I could’ve made.

What prompted your move to SRM?

Redundancy prompted my move to SRM, but I already knew Stewart (Robertson) and Andrew (Setchell); we reconnected after I knew I would be looking for a new role - a coffee and a ‘meet the team’ later, here I am!

What was it that appealed to you about working for SRM?

Expertise and client and candidate focus. It really stood out that everyone is a proven specialist in their market and they really go above and beyond for our clients and candidates. It’s not a ‘one size fits all’ approach and it’s not about hitting KPIs - it’s about delivering a consultative service and maintaining long-term relationships. I’ve worked in businesses whereby you can only work certain geographical locations so if a client moves out of your remit you have to pass them on. A relationship is with an individual not just company name; its built-on trust and delivering what you say you will. Working for a great brand it so important but clients don’t just engage with me because of the company I work for. I’m fortunate that some of the clients and candidates I work with today are people I have worked with since early on in my career.

Tell us about your remit at SRM?

I manage the temp and perm transactional and qualified Finance market in Surrey and Hampshire; I also look after Business Support. The geographical market I work in is the same as when I first started in 2001 - I have always operated in the same area, so I like to think I know it better than most recruiters.

What do hiring managers and job seekers like about working with you?

Hiring managers often comment on the fact that I get the team fit right - I know exactly the type of person that they are looking for. You can teach someone the skills to do a job, but you can’t teach them to fit in and their work ethic. I really get to know the candidates I’m working with - it’s not just a process of finding them a new role, it’s about knowing where they would fit in and their capabilities. I have candidates who work exclusively with me who have said they don’t need anyone else to represent them as I have always found them a role and have never let them down. Honesty is also key with hiring managers and job seekers; I always put myself in their shoes and treat them how I would want to be treated. I have recently placed roles with two clients who used to be my candidates.

What’s your top piece of advice for hiring managers right now?

My top piece of advice for hiring managers is to build a relationship with a recruiter who understands your team and the organisation. A CV doesn’t bring a candidate to life, but a good recruiter can - they can answer questions a CV doesn’t. Speed is also key, if you don’t keep a process moving, it will lose momentum and you risk losing candidates.

What’s your top piece of advice for candidates right now?

Triple check your CV! Ensure your CV is up-to-date, make sure it doesn’t contain any errors as attention to detail is key - there is no excuse for spelling mistakes or grammatical errors when you can use tools online to double check it. Your CV is your first impression on a recruiter and a client; they see that before they see you. It’s so important that your CV sells you initially as that will be what opens the door for you. Once a recruiter has made contact you can then work on your CV together before it goes to a client. You want to stand out from other candidates, so don’t blend in! My other piece of advice would be to contact me if we are not already connected - I am currently working on some great opportunities and it’s all about timing. I may not have a suitable role for you now but the market changes all the time.

Get in touch

Need help to hire or find your next finance role? Contact Sam on sammorgan@srmrecruitment.com or call +44 7983 277162. You can also connect with Sam on LinkedIn here

Record Profitability Masks Growing Tensions in the London Legal Market

London lawyers
London lawyers

London's legal sector delivered extraordinary financial results through 2025, with law firms posting record revenues and profits that appear to validate the city's continued dominance as a global legal hub. Partners at elite firms have celebrated unprecedented earnings, and the broader UK legal services industry demonstrated remarkable resilience despite economic headwinds. However, underneath all the champagne headlines and billion-pound fee announcements, multiple warning signs suggest the foundations supporting this success may be less stable than they appear.

Unprecedented Financial Performance

In 2025, collective revenues for UK law firms sailed past £52 billion, with elite firms capturing an ever-larger share.

Linklaters posted a record revenue of roughly £2.3 billion with profit per equity partner (PEP) at £2.2 million. Clifford Chance reported 9% revenue growth to £2.4 billion with partnership profit surging 11% to £944 million and PEP at £2.11 million. Ashurst broke through the £1 billion revenue barrier, growing 8% to £1.03 billion with PEP at £1.39 million. A&O Shearman's transatlantic merger created a £2.9 billion global heavyweight.

Mid-market firms continued to thrive. NatWest's 2025 survey showed median fee income growth reaching 12% in 2025, up from 10% in 2024. Across the top 100 firms, 84% reported profit increases, compared to 56% the previous year. Average PEP across top 50 firms rose 6.2%, with the highest-paid Clifford Chance member taking home over £7 million, according to City AM.

What Drove Growth

Transactional work rebounded strongly through 2025, with private equity fuelling London's most valuable mandates. Kirkland & Ellis recorded a landmark year, surpassing $1 trillion in announced M&A deal value globally.

The talent war also saw a dramatic acceleration. London firms hired 668 partners in 2025, a 21% increase from 2024, with US firms continuing to dominating growth. Top newly qualified salaries at US firms now stand at £200,000, which has forced Magic Circle firms to increase their salaries as well to remain competitive. 

Practice areas showed varied performance, according to NatWest’s 2025 survey. Private client teams led growth (34% of respondents), followed by residential property (14%). An optimistic 89% of firms expect fee income to continue to increase further in 2026.

Despite aggressive investments, firms managed to maintain discipline. Overall people costs declined from 65% to 64% of revenue. However, headcount growth expectations tempered for 2026, reflecting persisting economic uncertainties.

Warning Signs Emerge

Despite the impressive headlines, some concerning structural trends emerged. The most significant challenge comes from intensifying US firm competition fundamentally reshaping London's market. US firms including Latham & Watkins, Kirkland & Ellis and Simpson Thacher now generate larger UK revenues than legacy British firms. According to a 2025 Lawyer Magazine article, Kirkland & Ellis is on course to become the largest firm by UK revenue, which would be a watershed moment marking the first time a US firm achieved such dominance in what has traditionally been the preserve of homegrown institutions.

The compensation arms race poses serious sustainability concerns as well. The dynamics create what one senior partner described as an "impossible equation" of raising billing rates faster than costs while trusting realisation will follow. Some leaders have publicly called the pay explosion "not sustainable". Competition for talent is expected to remain intense through 2026, with law firms looking to make accretive hires which shift the dial in their favour, and escalating rainmaker pay continuing in spite of economic uncertainties.

Market consolidation has accelerated dramatically. The wave of legal mega-mergers, which include A&O Shearman, HSF Kramer, and announced combinations like Hogan Lovells with Cadwalader and Ashurst with Perkins Coie, signals that cross-Atlantic scale now matters more than tradition. These mega-combinations serve a relatively narrow market segment, potentially sharpening differentiation for independent UK firms.

However, demand patterns for practices have diverged. According to the Natwest 2025 Survey, while regulatory practices thrived, firms identified litigation (23%), family law (22%), and commercial work (21%) as most underperforming in early 2026. For some practices, regulatory oversight and margin pressure make certain areas structurally harder to operate profitably.

Mounting Client Cost Pressure

Corporate clients are becoming increasingly sophisticated and price-sensitive, expecting transparent pricing, faster turnaround and streamlined communication. Many of these clients have reassessed legal panels and budgets, pushing firms to justify rate increases or face work migrating to lower-cost providers or in-house.

According to the Legal MBA, legal services price inflation reached 6.7% in Q4 2025, significantly hotter than the 2.9% average for all other professional services. However, aggressive rate increases mask underlying problems. While 96% of firms increased hourly rates in 2025, cash flow predictability has become a major concern.

Nearly 90% of firms confirm increased write-offs, with 88% expecting further increases in 2026, which has risen sharply from 49% in last year’s report from BigHand. Write-off escalation also reportedly intensified by nearly 40% year-over-year. Roughly 90% reported increased client discounts and write-downs, with nearly one-third citing discounts of 11-20%.

Potentially the most concerning, the same BigHand report found that aged work-in-progress became the primary cash-flow pressure driver for 50% of firms, up from 32%. This suggests firms complete work but struggle to convert it into cash, whether due to client payment delays, billing disputes, or difficulty justifying full value. Revenue figures may appear healthy, but there's a widening gap between projected profitability and actual cash collected.

"With firm-wide AI integration becoming the rule, clients are pushing for efficiency gains to be passed down as cost savings. Instead, they're seeing another round of rate increases and reconsidering value," notes BigHand's Global Legal. This fundamental tension of investing in efficiency while raising prices creates a credibility problem with sophisticated clients.

The US Firm Threat and Strategic Responses

US firms bring a fundamentally different operating model, which challenges Magic Circle positioning. They generate higher revenue-per-lawyer globally, creating flexibility for higher compensation without proportionately compressing partner distributions. This derives from higher billing rates, leaner staffing pyramids, more selective partner promotion, and aggressive lockstep unwinding concentrating profits among fewer equity partners.

Quinn Emanuel reported London profits of £153.9 million in 2025, reinforcing its status as a financially compelling disputes platform. The firm's profitability demonstrates that specialist positioning with premium pricing can generate extraordinary returns without a full-service platform.

UK elite firms reposition their strategies in response. Freshfields, Clifford Chance, A&O Shearman and Linklaters all reported growth in US revenues, with the US accounting for increasing shares of total turnover. A&O Shearman reported £707 million in US revenues, which is 25% of total turnover. This has increased from 13% pre-merger. This strategic pivot represents a fundamental bet that future profitability requires substantial American revenue.

For UK talent, the challenge is existential. Why pursue Magic Circle partnership at £2 million PEP when US firms' London offices offer comparable compensation with better leverage, higher-profile work, and clearer international mobility paths? The profitability gap between elite and mid-tier players continues widening, and US firms systematically exploit this disparity.

Escalating Costs and Regulatory Pressures

London firms confront rapidly escalating costs threatening to outpace revenue growth. Rising operational costs are driven by salary inflation and investment demands in technology and compliance. Legal firms are facing cost increases that are consistently outpacing general inflation.

Technology investment becomes harder to defer as clients demand firms prove AI delivers measurable value, not just efficiency promises. While over half of the top 50 firms see benefits from AI, there's growing apprehension around price erosion that widespread AI adoption may create. The technology paradox is stark: firms must invest heavily in systems that may ultimately reduce the billable hours they can charge.

The Outlook for 2026 and Beyond

The outlook for London's legal market throughout 2026 presents a complex mixture of opportunity and uncertainty. Industry commentary suggests the UK legal services market is forecast to grow in 2026, with expansion expected across most core practice areas as conditions stabilise. From a recruitment perspective, 2026 is shaping up to be more active and opportunity-rich than recent years, suggesting firms remain confident about future demand.

Yet there are still potential hazards on the horizon. The market enters 2026 "not just active, but structurally evolving," shaped by three forces: continued US firm rise in London, sustained talent competition, and UK firms' strategic pivot toward deeper US exposure. This reflects where firms are placing long-term strategic bets about future profitability and competitive positioning.

Geopolitical pressures, cyber threats, and AI's disruptive potential create a challenging environment dividing firms and increasing the imperative for greater resilience. Economic pressure continues influencing business decision-making and client behaviour.

For firm leaders, strategic imperatives are clear. To drive profitable growth, firms need to distinguish themselves through effective execution rather than simply outspending competitors, with targeted investments in marketing and business development, carefully selected lateral hiring bringing genuine client relationships rather than just credentials, and fundamentally improved pricing strategy and financial controls. Leading firms now directly link partner compensation to working capital and lock-up performance, recognising pricing must be based on demonstrated value and supported with detailed budgeting tools.

The fundamental tension grows increasingly acute: firms invest heavily in technology for efficiency while billing predominantly by the hour, compete in a talent war pushing compensation above sustainable levels, and face sophisticated clients who understand exactly what they're purchasing and are prepared to move work elsewhere if the value equation doesn't make sense. As one industry observer notes with stark clarity, "2026 will be the last year for firms to get away with rate increases as standard practice".

The question facing London's legal market is not whether the city will remain a global legal hub; its advantages in legal system quality, concentration of sophisticated clients, time zone positioning, and accumulated expertise are too deeply embedded to disappear quickly. Rather, the critical question is which firms will successfully navigate the difficult transition from today's high-profit, high-cost equilibrium to whatever market structure emerges when mounting client pressure, technology-driven disruption, and intensifying competitive dynamics finally force fundamental adaptation. Those firms and firm leaders who mistake today's altitude and current profitability for permanent stability may find themselves dangerously unprepared when market conditions inevitably shift.

Get in touch

Gwen Shaw is a legal consultant at SRM – for advice on the market, support to hire, or help in securing your next legal career move, contact Gwen on gwendolynshaw@srmrecruitment.com or call +44 7957 986390.

What Makes a Finance Role Attractive in 2026 (According to Candidates)

Two businessmen chatting across a table
Two businessmen chatting across a table

The finance job market has shifted again.

In 2026, candidates aren’t just asking “What does the role pay?” - they’re asking “What will this role give me?”

Progress. Stability. Visibility. And leadership they can genuinely learn from.

After hundreds of conversations with finance professionals over the past year, some clear themes continue to emerge. Here’s what candidates really care about when deciding whether to move - or stay put.

1. Finance Leadership You Can Learn From

When finance professionals talk about what keeps them engaged in a role, the conversation often comes back to leadership.

In 2026, candidates are actively seeking roles where they can learn from experienced finance leaders; people who are willing to mentor, share context, and develop capability, not just delegate tasks.

They’re looking for:

  • Exposure to strong financial leadership and decision-making
  • Managers who take an interest in progression, not just performance
  • The opportunity to learn, ask questions, and build confidence over time

Finance leadership that invests in its people is increasingly seen as a key differentiator, and often the reason candidates choose one role over another.

2. Business Stability vs Growth Opportunity: Candidates Want Clarity

Candidates aren’t all chasing the same thing, but they are asking better questions.

Some are prioritising stability: a well-run business, consistent leadership, and realistic workloads.

Others are motivated by growth: transformation projects, system implementations, acquisitions, or scaling environments.

What candidates are less tolerant of in 2026 is misalignment.

Selling a role as “high-growth” when it’s actually under-resourced, or positioning stability as stagnation, quickly erodes trust.

Honesty about where the business truly sits is far more attractive than over-selling ambition.

3. Culture and Visibility Within the Business

Finance professionals no longer want to operate quietly in the background.

Candidates are increasingly asking:

  • Will my work be visible to senior stakeholders?
  • Does finance have a genuine voice in decision-making?
  • Am I contributing beyond reporting and compliance?

Businesses where finance is positioned as a commercial partner — rather than a back-office function — consistently attract stronger, more engaged talent.

Visibility equals impact. And impact matters.

4. Clear Development Pathways (Not Just Promises)

“Plenty of opportunity to develop” is no longer enough.

In 2026, candidates want specifics:

  • What does progression actually look like?
  • What exposure will I gain beyond BAU?
  • How will this role support my longer-term career goals?

This is particularly important for newly qualified and early-career finance professionals, who are thinking in 3–5 year horizons rather than just their next move.

Clear development pathways signal intent, and a genuine commitment to people.

So… is salary still important?

Yes. Absolutely.

Candidates are well-informed and increasingly confident about their market value. Competitive salary remains a baseline expectation - not the sole driver, but a non-negotiable factor.

What’s changed is this: salary opens the conversation. Leadership, culture and development secure commitment.

Final Thought

The most attractive finance roles in 2026 aren’t defined by one single factor.

They sit at the intersection of strong leadership, clarity of purpose, cultural alignment and realistic reward.

Candidates are more discerning than ever; not because they’re being difficult, but because they’re making longer-term career decisions in a market that has taught them to value stability, visibility and development.

What’s clear from candidate conversations is that finance professionals want to feel invested in. They want to work for leaders they can learn from, in businesses that are honest about where they are and where they’re heading. They want roles where finance has a voice, their contribution is recognised, and progression isn’t left to chance.

Salary still plays a critical role, but it no longer compensates for poor leadership, unclear expectations or limited development. The organisations attracting the strongest finance talent in 2026 are those that understand this balance, and reflect it clearly in how they structure roles, brief recruiters, and engage with candidates.

Listening to the candidate's voice isn’t just good practice, it’s becoming a competitive advantage.

A Final Word from SRM

At SRM, we spend a lot of time having honest, behind-the-scenes conversations with finance professionals and hiring leaders. These insights shape how we advise clients on role design, attraction strategies and long-term hiring decisions, not just filling vacancies.

If you’re hiring into your finance team, planning ahead for growth, or simply want a clearer view of the current finance talent market, we’re always happy to share insight and have an open conversation.

Because the best hires start with understanding what candidates really value.

get in touch

Get in touch with me, Liz Hawkins, on liz.hawkins@srmrecruitment.com or call +44 (0)7508 956587 

 

The BESS Talent Trap: Why Your Solar Team is Struggling to Scale

solar energy
solar energy

The UK energy storage market is no longer a "side bet" for renewable developers. As we move through 2026, it’s a $40 billion global industry, and the UK is its most complex, "merchant-rich" proving ground.

But here is what I’m seeing in the market right now: The talent that built your solar and wind portfolios isn't necessarily the talent that will optimise your BESS assets.

Here is why the entire finance stack might need a rethink.

The CFO – From Yield Manager to "Revenue Engineer”

In solar, the CFO manages a passive asset. It’s weather-dependent and PPA-backed. It’s linear.

BESS is a dynamic trading instrument. Your CFO now needs to be a technical-financial hybrid.

  • The reality: In the UK, they are managing a "Revenue Stack"; balancing the Balancing Mechanism (BM), wholesale arbitrage, and ancillary services.
  • The advice: Stop looking for "Infrastructure CFOs." I’m finding the best success headhunting from Commodity Trading desks - people who are comfortable with sub-hourly volatility and "commercial nimbleness".

The Financial Controller – The Guardian of Multi-Market Complexity

A BESS Controller does more than just close the books. They are the ones navigating the integrity of an electrochemical system that performs thousands of cycles.

  • They aren’t just looking at O&M costs. They have to audit Augmentation CAPEX - the mid-life cost of module replacement (often 15–25% of the original build) that can make or break a project's IRR.
  • The advice: Look for Controllers with Fintech or SaaS backgrounds. They are used to high-volume, platform-based revenue models and "build-operate-transition" environments.

The Analyst – The Engine Room Needs an Upgrade

If your Analyst’s Excel model is "technology agnostic," your forecasts are fiction.

  • The shift:We’ve moved past static P50/P90 models. Today’s BESS Analysts must model Levelised Cost of Storage (LCOS) while factoring in battery physics like Depth of Discharge (DoD) and Round-Trip Efficiency (RTE).
  • The advice: We are prioritising candidates with Python or SQL proficiency. You need people who can bridge the gap between "Digital Twin" operational data and financial performance. Consider profiles from TS teams who may have brokered deals involving BESS assets.

The 2026 Salary Reality Check (London/UK)

The talent crunch is real, while with unemployment on rise, profiles with genuine BESS experience is still very limited. If you want the top 1%, you have to move at market speed.

2026 Salary Table

Recruitment Tip: The best talent is off the market in under 21 days. If your interview process takes six weeks, you’ve already lost.

My Advice – Precision over Growth

You can't solve this by just "adding bodies." You need to solve it with precision hiring, identifying key skillsets rather than focusing on renewable energy experience.

  1. Pivot your sourcing:Look at power trading, infrastructure PE, and advanced manufacturing.
  2. Technical Fluency is non-negotiable:Your finance team must understand battery chemistry and grid physics to protect the P&L.
  3. Data Operationalisation:Ensure your data teams report to finance, not just ops. From meeting many BESS CFOs over the past 12 months it’s clear that being able to manipulate and model quite specific industry data and still understand the fundamentals of finance is key.

Final thought:

This is high growth and competitive market place with a limited pool of profiles with genuine BESS experience, therefore an openness to skillsets and mindsets are key. Looking at other players in the renewable energy space, won’t necessarily deliver the skillsets you need.

I specialise in finding the 1% who actually understand the BESS stack. If you’re building a technical-finance powerhouse, let’s talk.

Tom Harrington - Practice Lead | Energy, Renewables & Infrastructure

e: tomharrington@srmrecruitment.com

m: 07777 156692