Asia Pacific Legal Market Summary and Partner Moves - July 2016



(As excerpted from our monthly Associate Newsletter - Asia Pacific)

Hong Kong                 Singapore                 China                 Australia                 London

HONG KONG

We have experienced ups and downs in the Hong Kong legal recruitment market this month. Given Brexit and the new Cravath salary scale, firms are hesitant to make new hires even though they are busy. Firms are making sure their associates are being fully utilized and pulling in associates to work on deals across APAC.

Litigation is a busy sector, especially in the junior to mid-level end. Regulatory practices play a big part in the groups that are hiring at the moment. Corporate has been busy, but most firms are only hiring candidates that meet all their requirements. Partners are being extremely picky and hoping to get only the best associate to join their team.

With the uncertainties across the globe, we foresee the market to be steady in the next few months.


SINGAPORE

We have started to see an increase in opportunities in Singapore, albeit with exacting requirements from clients. There is some appetite to hire in corporate, arbitration and finance for strong associates at the mid-level.

At the junior level, we hope to see the market pick up towards the end of the year. We have seen the occasional role for associates at the junior end of the scale, but those with fewer moves on their CV are often more successful with prospective firms.

We have also seen recent pooling of offices across the region at a number of firms, giving associates broader work and opportunities for travel and different work exposure in the region.


CHINA

Following the trend of the last few months, the market in China remains fairly stagnant. Mid- to senior-level associates with M&A and PE/VC experience from tier one domestic firms are still most likely to find opportunities.


AUSTRALIA

The market within Australia is starting to warm up post-end of financial year. The key practice areas (corporate, banking and finance, and property, real estate, construction) remain busy and continue to create a multitude of opportunities for strong mid- to senior-level associates.

The last month has seen an increase in needs within the restructuring and IP/patent space across both top and mid-tier firms.

Opportunities for Australian lawyers abroad are many and varied, and now is a prime time for anyone interested to explore those options.


LONDON

Post-Brexit we have seen some firms and practice groups take a more conservative approach to hiring. Those areas that were quieter pre-Brexit are the most effected like debt capital markets, for example. Otherwise, for the most part, it is business as usual and many firms are looking at ways to adapt and create work from recent events.

Needs are most prominent in private equity and corporate spaces, with arbitration, funds and financial services/regulation remaining busy. Litigation is currently quiet.


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RECENT PARTNER MOVES IN ASIA PACIFIC

Partners

Practice

To

From

Location

Chris Kelly

Corporate

White & Case

Linklaters

Hong Kong

Edwin Kwok

Capital Markets 

O’Melveny & Meyers

Paul Hastings

Hong Kong

Janet Lee

Property

Howse Williams Bowers

Hong Kong Lands Department

Hong Kong

Jason Kuo

Corporate

Troutman Sanders

Sidley Austin

Hong Kong

Joyce Chan

Corporate

Clyde & Co

DLA Piper

Hong Kong

Martin Downey

Construction

Holman Fenwick Willan

Stephenson Harwood

Hong Kong

Cuixi Feng

Capital Markets

Anjie Law Firm

Grandway Law Offices

Beijing

Di Zhang

Capital Markets

Anjie Law Firm

Zhong Yin Law Firm

Beijing

Zhenggang Ji

Capital Markets

Anjie Law Firm

ZZ Capital

Beijing

Chenthil Kumarasingam

Disputes

Oon & Bazul

Quahe Woo & Palmer

Singapore

Kok Meng Lim

Corporate Finance

Aquinas Law Alliance

Wong Tan & Molly Lim

Singapore

Kenji Taneda

Corporate

Skadden, Arps, Slate, Meagher & Flom

Morrison & Foerster

Tokyo

Maxwell (Mac) Fox

IP

Jones Day

Ropes & Gray

Tokyo

Tracy Whiriskey

Corporate

Ashurst

Clifford Chance

Tokyo













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 MLA.


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Andrew NgAndrew Ng is a Consultant in the Private Practice Group of Allegis-BN, China affiliate of Major, Lindsey & Africa. He is based in Beijing. Andrew focuses on placing private practice lawyers whether based in greater China or overseas into international law firms operating in Beijing, Shanghai and Hong Kong.

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