London, UK, April 27, 2023 – London remains a leading hub for tech workers in Europe due to high-growth companies, a focus on innovation, and a thriving start-up scene. According to BusinessLDN, London is home to most of the high-profile jobs in the UK and has a promising recruitment outlook.
The UK’s tech sector is the third largest in the world with a combined market value of $1 trillion (€905 billion) and has created more high-growth companies than its European counterparts. London’s 13 decacorns, 144 unicorns and 237 futurecorns lead the way in this regard. The city’s approach to blending innovation with standards and values, as well as a cloud-first government policy, has contributed to its competitiveness in tech.
Moreover, London is home to many prominent tech advancements, including artificial intelligence, mixed and virtual realities, blockchain technology, and soon, quantum computing.
Lawtech 365 Group, one of the world’s fastest-growing legal technology companies, has made London its home for several reasons. London is a global financial center and home to many of the world’s largest law firms, making it an ideal location for a legal tech company. The city also has a vibrant startup ecosystem, which provides Lawtech 365 Group with access to talent, resources, and investors.
CEO Rudi Kesic stated, “London is a fantastic location for Lawtech 365 Group. We are surrounded by world-leading law firms, which provides us with a unique opportunity to collaborate with them and develop cutting-edge technology solutions that solve their specific pain points. The city also has a diverse talent pool, with people from all over the world who bring different perspectives and expertise.”
Lawtech 365 Group is at the forefront of legal technology, developing cutting-edge solutions that streamline and simplify legal processes. The company’s products include Verify 365 digital client onboarding software, biometric identity verification, and anti-money laundering, among others. These solutions are designed to increase efficiency, reduce costs, and improve the overall experience for legal professionals.
“The “Great Britain” brand is well-known for its quality and innovation, and Lawtech 365 Group is proud to be a part of that tradition. The company’s technology is made in Britain, reflecting the high standards and expertise that are associated with British-made products, added Rudi. “Lawtech 365 Group’s presence in London strengthens the city’s reputation as a hub for innovation and technology, and the company is committed to contributing to the growth, jobs and success of the UK’s tech industry.”
The Department for Digital, Culture, Media & Sport was recently replaced by the Department for Science, Innovation, and Technology, and launched the government’s plan to cement the UK’s place as a science and technology superpower by 2030. With plenty of tech jobs on offer, many workers are likely to move to London for the scale of opportunity and the city’s high quality of life.
According to BusinessLDN, employers in London are increasingly confident about their recruitment outlook, and one in four London employers expect to see an increase in their permanent staff headcount in the coming months, making it one of the top places to live for tech workers in Europe. The city’s 13 decacorns, including digital bank Revolut, payments platform Rapyd, and fintech FNZ, lead the way in high-growth companies. The UK tech sector is the third largest in the world, with a combined market value of $1 trillion (€905 billion), more than double that of Germany ($467.2 billion, or €423.2 billion) and three times that of France ($307.5 billion, or €278.5 billion).
London’s thriving start-up scene, vibrant investment community and cloud-first government policy massively contribute to the UK leading in tech. The City also scores highly in terms of quality of life, making it a desirable city for tech workers.
According to Boston Consulting Group’s City of Choice report 2023, London tops the charts as “the most desirable megacentre” – a city with a population of more than 10 million people.
Microsoft predicts that there will be an additional three million new tech jobs in the UK by 2025, which will only increase the number of job opportunities in London’s tech industry.