Thursday, August 25, 2022
(As excerpted from our monthly Associate Newsletter – Asia Pacific)
Associate Newsletter – Asia Pacific is a monthly resource that reports current legal market news, trends, partner moves and active opportunities in the Asia Pacific legal markets.
Legal Market Summary
The Hong Kong market has seen an increase in openings since last month. The restructuring sector remains active, and firms have an appetite to hire into this practice. There are also some openings within the debt capital markets and funds teams across US and UK firms. Lawyers with at least 2-3 years of post-qualification experience are preferred. Partners are open to relocating candidates to Hong Kong and the firm will cover their relocation (including quarantine) costs.
The recruitment market remains steady in Beijing and Shanghai. Openings are largely falling under the litigation and FCPA practices. International law firms are cautiously reviewing the utilization rate of individuals, and this has led to increasing challenges in obtaining headcount approval for new hires. Most firms are sharing that recruitment may pick up again towards the last quarter of the year.
Like the Grand Exodus (and subsequent Grand Return) that happens in Paris every July and August, Singapore has just seen its own mini version over these summer months. With most global travel restrictions having eased, many of Singapore’s professionals have taken a long overdue and extended break. However, the city is beginning to crank back to life and the demand for associates remains robust. Growth is steady with continued demand in M&A, private equity, finance, projects and disputes at all our law firm clients. Associates working within top global firms, in any jurisdiction, are encouraged to come and chat with us.
SINGAPORE – (Interim)
As legal recruiters, we often get asked by