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Asia Pacific Legal Market Summary And Partner Moves - March 2019

(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


HONG KONG

The Hong Kong market is busy with opportunities across different areas and at mid- to senior levels. The busiest practice areas include corporate, capital markets, funds and finance. There are a few opportunities in the M&A, capital markets and finance space for mid-level lawyers with at least three years of post-qualification experience that do not require Mandarin language skills, which do not often appear in the market. We foresee the market remaining busy for the next couple of months.

CHINA

The Hong Kong market is busy with opportunities across different areas and at mid- to senior levels. The busiest practice areas include corporate, capital markets, funds and finance. There are a few opportunities in the M&A, capital markets and finance space for mid-level lawyers with at least three years of post-qualification experience that do not require Mandarin language skills, which do not often appear in the market. We foresee the market remaining busy for the next couple of months.

SINGAPORE

The Singapore market has picked up. Law firms had a big year in 2018 for corporate teams and continue to hire those with corporate experience. They have pre-empted the growth and are hiring the best people in the market rather than being reactive.

Funds is another busy area where a lot of hiring activities has occurred in the past month. Hiring on the banking team has slowed down, but talent with UK experience is still in need for firms.

SOUTH KOREA

Korea remains steady with opportunities focused around corporate M&A and PE, as well as more general transactional practices. There is still a strong preference for US-qualified talent with fluency in Korean who are looking to return to Seoul. A small handful of firms are open to candidates being based in Hong Kong. English fluency is important for drafting, sometimes preferred over Korean fluency. High-quality training and academics are essential for the market at the moment.

JAPAN

A need for Japanese companies to look to overseas markets for investment opportunities persists, and the market is being driven by a keen interest in international expansion into outside markets in the US, EU, Southeast Asia, China and India. There is a strong appetite for transactional lawyers across domestic and international firms. Japanese lawyers and bilingual foreign-qualified lawyers with 2-5+ PQE experience are highly sought after.

SYDNEY & MELBOURNE

As we look to close out the first quarter of the year, we see continued demand from top tier and international law firms in Sydney and Melbourne for banking & finance, corporate/M&A and infrastructure/ major project lawyers.

Demand is normally at the 2+ year PQE through to senior associates with 8 or 9 years’ PQE. The demand is currently focused on Australian qualified lawyers; however, firms are open to sponsoring UK, New Zealand and South African qualified lawyers with high level experience who wish to relocate to Australia.

Demand for commercial litigators continues to be high across Sydney and Melbourne. Technology, real estate, financial services and regulatory lawyers are also finding the market relatively favourable.

Partner Moves

Partners

Practice

To

From

Location

Maria Sit

Litigation

Dechert

Davis Polk & Wardwell
(Counsel)

Hong Kong

Nigel Francis

Commercial Litigation and Employment Disputes

YTL
(Senior consultant)

Addleshaw Goddard

Hong Kong

Jian Guan

Maritime

Watson Farley & Williams

China Merchants Commerce Financial Leasing, Shenzhen
(Senior In-House Legal Counsel)

Hong Kong

Margie Chan

Debt Capital Markets

Norton Rose Fulbright

Davis Polk & Wardwell
(Counsel)

Hong Kong

Will Cai

M&A

Cooley

Skadden, Arps, Slate, Meagher & Flom

Hong Kong

Steven Tran

Corporate

Mayer Brown

Hogan Lovells

Hong Kong

Jerry Xia

Intellectual Property

AnJie

Honeywell International Inc.,
(Deputy General Counsel and Chief Intellectual Property Counsel)

Shanghai

Zhongdong Zhang

Corporate

Crowell & Moring International

Bryan Cave Leighton Paisner

Shanghai

Waltter Kulvik

Corporate

Ashurst

Sidley Austin

Singapore

Vanessa Ng

Corporate

Morgan Lewis Stamford

Fortis Law Corporation

Singapore

Kenny Kwan

Capital Markets

Baker McKenzie Wong & Leow

Drew & Napier

Singapore

Ashish Chugh

Arbitration

Baker McKenzie Wong & Leow

K&L Gates

Singapore

Jeong-Hoon Lee

Capital Markets

Bae, Kim & Lee

Shin & Kim

Seoul

Sungwook Cho

Corporate Criminal Investigations and White-Collar Criminal

Yoon & Yang

Prosecutors’ Offices

Seoul

James K. Lee

Disputes

Arnold & Porter Kaye Scholer

White & Case

Seoul

Kyungseok Kim

Corporate

Arnold & Porter Kaye Scholer

White & Case

Seoul

Renae Suttor

Banking and Finance

Gadens

MinterEllison

Sydney

Amit Jajoo

Litigation

IndusLaw

HSA

Mumbai

Sushmita Gandhi

Litigation

IndusLaw

HSA

Mumbai

Rajat Bose

Tax

Shardul Amarchand Mangaldas

EY

Delhi

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