Asia Pacific Legal Market Summary and Partner Moves - August 2018

APAC Market Summary(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        China        Singapore        South Korea        Australia       

HONG KONG

Summer has not slowed recruitment in the Hong Kong legal market. Hiring activities in corporate teams, especially HKIPO teams, have been very busy this month. Most firms are looking for all levels of corporate lawyers with strong general corporate or IPO experience. Mandarin is always important for transactional roles.

A few Magic Circle and US firms are looking for finance and funds candidates, and some are open to non-Mandarin speaking strong candidates from the US, London and Australia markets. There are also a few replacement positions in the dispute resolution sector. We foresee the recruitment market remaining active for the rest of the year.

 

CHINA

We have started to see a slight decline in IPO work with firms in China looking to recruit into the M&A space. While deal flow is still very much active, a number of firms have predicted that this will slow towards the end of the year.

US trade and FCPA/investigations practices are still under strain given the China-US trade situation, and while there has not been a significant decrease in work within these practices, firms are cautious about hiring as the situation continues to develop. There are a handful of junior and mid-level opportunities, but most of these are based in Hong Kong, rather than the mainland.

 

SINGAPORE

The Singapore market continues to be seen as an exciting legal hub and is garnering interest from lawyers based regionally and globally. Arbitration and projects work remains steady. For growth roles, there are activities happening in the US corporate and general banking field.

 

SOUTH KOREA

Seoul remains a quiet market at present, with peaks and troughs of deals coming through for firms. Some practices are very busy, whereas others are simply steady. One firm is relocating its Korea practice back to Hong Kong due a partner retiring, but other than that, we see no significant changes in the market at present..

 

AUSTRALIA

As we head into the second half of the year, the Australian legal market continues to experience a surge in activity. The strong conditions spurred on by work flowing into firms from the banking royal commission, booming M&A activity, class action defense cases, regulatory change, major infrastructure projects and general economic growth continues to fuel the demand for transactional, disputes and regulatory lawyers across all levels and different size firms.

International and national law firms in Sydney continue to show interest in lawyers at all levels (from 1–8 PQE) who have excellent training and credentials across litigation, corporate/M&A (including private equity and equity capital markets) and banking and finance practices. Demand for real estate and construction lawyers also remains steady with most large firms having interest in lawyers who are 2–3 years PQE at a minimum.

The Melbourne private practice legal market remains active with international and national law firms maintaining their demand for top talent across banking and finance, corporate/ M&A and regulatory lawyers as well as mid-level real estate.

In the Perth legal market we are seeing stronger demand for energy and resource and corporate/M&A lawyers. We have seen an uptick in demand for project finance as well as contentious and non-contentious energy sector matters.

 

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Recent Partner Moves in Asia Pacific

Partners

Practice

To

From

Location

David Nelson

Banking and Finance

Ogier

Walkers (Senior Associate)

Hong Kong

Elaine Lo

M&A

Derek Tsang Law Office

Mayer Brown JSM

Hong Kong

Andrew Horton

Marine Insurance

CMS Cameron McKenna Nabarro Olswang

RPC

Hong Kong

Steven Wise

Dispute Resolution

CMS Cameron McKenna Nabarro Olswang

RPC

Hong Kong

Samuel Ng

Capital Markets

Paul Hastings

Morrison & Foerster (Counsel)

Hong Kong

Jason Kuo

Capital Markets

Paul Hastings

Troutman Sanders

Hong Kong

Olga Boltenko

Arbitration

Fangda Partners

CMS Cameron McKenna Nabarro Olswang

Hong Kong

Ethle Tang

Capital Markets

Han Kun Law Offices

Simpson Thacher (Counsel)

Hong Kong

Tao Li

Capital Markets

Han Kun Law Offices

Simpson Thacher (Associate)

Hong Kong

Henry Yin

Corporate

Cooley

Kirkland & Ellis

Beijing

Li Gang

Insurance

AnJie Law Firm

Shanghai Barry Law Firm

Shanghai

Sun Honggang

Litigation and Arbitration

AnJie Law Firm

Jade & Fountain PRC Lawyers

Shanghai

Qi Miaosheng

Shipping Disputes

AnJie Law Firm

Dentons

Shanghai

Jared Chen

Dispute Resolution

Drew & Napier

WongPartnership

Singapore

Chan Leng Sun

Arbitration

Essex Court Chambers Duxton

Baker McKenzie

Singapore

Yi Jing Teo

Corporate

Dentons Rodyk

Charles-Lim Capital (General Counsel)

Singapore

Richard Kramer

Infrastructure and Energy

Jones Day

Simmons & Simmons

Tokyo

Ryunosuke Ushijima

Corporate

King & Wood Mallesons

Miyake, Ushijima & Imamura

Tokyo

Aaron Patience

International Investments

Simmons & Simmons

Kensington Swan

Tokyo

John Oakes

Labor and Employment

Squire Patton Boggs

Watson Mangioni

Sydney

Jeremy King

Finance

Pinsent Masons

Corrs Chambers

Melbourne

Paul Lingard

Mining

Norton Rose Fulbright

Clifford Chance (Managing Partner)

Perth

Mukul Sharma

Corporate

Cyril Amarchand Mangaldas

Shardul Amarchand Mangaldas & Co. (Associate)

New Delhi

Farid Karachiwala

Litigation

J. Sagar Associates

Wadia Ghandy & Co.

Mumbai

Ganesh Rao

Asset Management

Trilegal

AZB & Partners

Mumbai

Aditya Jha

Funds

Trilegal

AZB & Partners

Mumbai

These listed partner moves are obtained from both public sources and Major, Lindsey & Africa. This list is not intended to represent Major, Lindsey & Africa as the consultancy involved in the moves, although some moves may have been brokered by Major, Lindsey & Africa.

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Nathan PeartNathan Peart is a Consultant in our Associate Practice Group based in Hong Kong. He works closely with associates to help them make a lateral move into law firms in the Asia-Pacific region as well as internationally.

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