As major banking and financial institutions in Asia look to recoup post-financial-crisis talent shortages, so too it seems is Norton Rose. The firm is fuelling up its Tokyo and Beijing offices, currently offering up to eight banking and corporate positions.
According to recently posted jobs, Norton Rose is looking to recruit two banking and two corporate associates in Tokyo, and three banking and two corporate associates in Beijing.
Signs of the renewed recruitment market for banking & finance lawyers are also being reflected in Asia’s financial services sector – banks such as Citigroup, BoA Merrill Lynch and UBS are reportedly offering lucrative pay packets and bonuses to fill talent shortages following the financial crisis. A survey earlier this year by Norton Rose found that 64% of financial institutions expect that liquidity will return to the global banking system by September.
According to recruitment firms, demand from industry is being transferred to the legal sector. Carolyn Dickason, regional director of Hays Legal, said that in the last three months, the highest demand for lawyers has been in the banking and finance sectors. “Banking and financial service has seen the greatest legal jobs growth over the last three months,” she said. “Firms have an ongoing need to identify banking and finance lawyers who have handled matters with the leading financial institutions.”
See also: 2010 Legal Job Market Outlook
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