Banks in Hong Kong are poised for a busy quarter of hiring legal talent with the hottest job on the market currently a regulatory investigations counsel position, according to recruiting experts Hays.
The Hays Quarterly Report tracks recruitment trends in Hong Kong and reveals a much more positive hiring period for legal talent over April to June.
“Overall, the hiring outlook for legal talent is more positive this quarter as budgets in banking and major MNCs are finalised and headcounts approved. Regulatory affairs offers huge promise and is a particularly active area of hiring within banking,” says Dean Stallard, Regional Director for Hays in Hong Kong.
“Compliance has been a top priority for banks in Hong Kong for some time, but recent anti-money laundering legal action taken by Kong Monetary Authority has only heightened demand for regulatory affairs legal talent,” says Dean.
“In other areas, we are seeing a number of acquisitions taking place across life sciences, medical, property and technology and this is driving up recruitment activity for M&A lawyers,” Dean says.
“Trilingual mid-level lawyers with Cantonese, English and Mandarin are in strong demand too for roles in law firms with Asia Pacific operations in Hong Kong.”
“We are also seeing demand to hire legal talent on a temporary or contract basis from companies that lack budget or headcount but need additional talent to handle ad-hoc projects and immediate workflow,” says Dean.
To read the full Hays Quarterly Report please visit http://www.hays.com.hk/report/index.htm
Hays is located in Hong Kong at 6604-06, 66/F, ICC, 1 Austin Road West, West Kowloon, Hong Kong.
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About Hays
Hays plc (the "Group") is a leading global professional recruiting group. The Group is the expert at recruiting qualified, professional and skilled people worldwide, being the market leader in the UK and Asia Pacific and one of the market leaders in Continental Europe and Latin America. The Group operates across the private and public sectors, dealing in permanent positions, contract roles and temporary assignments. As at 30 June 2016 the Group employed 9,214 staff operating from 252 offices in 33 countries across 20 specialisms. For the year ended 30 June 2016:
– the Group reported net fees of £810.3 million and operating profit (pre-exceptional items) of £181 million;
– the Group placed around 67,000 candidates into permanent jobs and around 220,000 people into temporary assignments;
– 22% of Group net fees were generated in Asia Pacific, 45% in Continental Europe & RoW (CERoW) and 33% in the United Kingdom & Ireland;
– the temporary placement business represented 58% of net fees and the permanent placement business represented 42% of net fees;
– Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, Colombia, Chile, China, the Czech Republic, Denmark, France, Germany, Hong Kong, Hungary, India, Ireland, Italy, Japan, Luxembourg, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Portugal, Russia, Singapore, Spain, Sweden, Switzerland, UAE, the UK and the USA.