The Clustering of Financial Services in London*



10. To what extent has your firm benefited from the following types of interaction with personnel in
Other companies?
(Please tick one box per factor.) Rate in terms of importance on a scale from 1 to 5, where 1=not important and
5=very important; 0=not applicable.

1

2

3

4

5

0

Tot

Contact by telephone for information e.g. about a legal
matter, a technical question, the name of a trade contact

16^

24”

74~

ÎÏ6"

67^

7~

1085

Contact by telephone/e-mail for short-term problem solving

19^

26^

76^

104^

7F

7~

1080

Mixing with industry colleagues in social settings

22~^

36^

78^

95~^

66^

9^

1038

Mixing at local business meetings/events

17~

38^

74~

103-

62~^

11

1037

Chance meetings where you hear interesting information

28~

52~

76^

89^

56^

5~^

996

11. Where does informal interaction take place? (Please rank up to three with 1 indicating the most important.)

102

Within the
firm

107

Wine
bars/pubs

77

Professional
bodies

98

Restaurants

79

By e-mail

11

Sports
clubs/events

7

Other clubs

150

Seminars/
conferences

18

In the street

114

By telephone

Characteristics of the London Labor Market

12. Approximately what proportion of your staff do you recruit from within each of the following
areas?

(Please tick one box per area.)

0-20%

21-40%

41-60%

61-80%

81-100%

South East

27^

26~

4F

59^

15F

UK (outside South East)

ÏÔ9-

25

1F

9

F

European Union (outside UK)

132~

17^

6~

F

F

North America

130^

2-

4~

F

T

Global (outside Europe)

132~

2-

F

F

F

Global (but for specific nationals to serve specific national markets)

∏7~

F

T

T

F

13. How important are informal channels (e.g. personal relationships, local information through club
membership, professional bodies, informal use of head-hunters etc.) for the recruitment of your skilled
staff?
(Please tick one box per staff category.) Rate in terms of importance on a scale from 1 to 5, where 1=not important and 5=very
important; 0=not applicable
.

1

2

3

4

5

0

Tot

Senior management

29^

3F

4F

8F

7F

4F

913

Client-facing staff

30

41

72

63

53

41

845

Specialist staff (e.g. IT staff)

31

52

75

58

32

50

752

Senior technical staff (e.g. in-house lawyers, economists)

3F

3F

7F

66^

3F

6F

735

Back office staff

49

77

7F

27

3F

44

682

Graduate trainees

73

58

38

30

33

68

588

50



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