Odds and Ends … A Week in the Life of a Jet Setting Recruiter

 

Robert here, writing from Tokyo, late Monday night, hoping you are laughing at my attempt at humor above.

So what is the latest on the general lateral market in Asia and the Middle East? Things have not changed much in the past six weeks, with many firms most definitely still interviewing on a fairly regular basis (although several big name firms are in temporary hiring freeze mode in Asia), albeit very selectively, and moving much slower than months ago in making offers. For example, this week I have an ’04 from the West Coast interviewing in Tokyo; an ’07 from NYC interviewing in Dubai; an ’01 from NYC interviewing in HK; an ’06 from NYC interviewing in Singapore; an ’06 from NYC interviewing in Moscow (well, it is Eurasia); an ’06 from HK interviewing in HK; and an’05 from NYC interviewing in HK. Only several months ago, most of these very impressive candidates would have offers in hand on the spot or within a few days of their interview, especially after already being pre-screened by me. Now, offer decisions are typically dragging out two weeks and sometimes much longer. Firms are also having multiple rounds of interviews, with the process continuing when the US based candidate returns home, by VC and / or phone calls (this was rare in the hotter market of earlier this year). Also, on a somewhat related note, we are noticing with our offers that some firms in mainland China and Singapore are wavering a bit on expat / cola / housing packages (offering less than they did earlier this year), but this is not at all happening in HK and Tokyo, where the packages are either the same or going higher (at many firms).

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Tags:  Hong Kong

Cityscape Dubai 2008

 

Robert here, continuing yesterday’s post. I am sure you lost sleep in anticipation…

We believe that the level of participation at the recent Dubai conferences can be viewed as a barometer of market optimism. If the barometer is working, then there is some cause for hope. Over 70,000 people from 150 countries were in attendance at Cityscape Dubai 2008 last week and over 1500 participants from 150 countries showcased projects. This represented record participation by both local and international developers and is a substantial sign of confidence in the UAE’s economy and real-state market, notwithstanding the global financial crisis.

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Tags:  Dubai

Super Return Middle East

 

Robert here …

I just arrived back home yesterday after a very productive, interesting, and also fun month-long work trip in Dubai. I was very tempted to extend the trip one more week after being invited to attend the Super Return private equity conference, but unfortunately I had prior business commitments in the US.

In two weeks Robert and I will be in Tokyo for a week and I will be staying in Asia for another month long trip, so the posts will revert back to an Asia focus for a while. As Robert and I mentioned in a recent AmLaw article, “Where Do I Send My Resume”, by Brian Baxter, firms have become much more selective when considering laterals in busy overseas markets, but we continue to make placements in HK / China, Japan, Singapore, Russia and the UAE, and our substantial time spent on the ground in these markets is critical to our success, especially considering the global economic crisis.

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Tags:  Hong Kong

The Dubai Life

 

Robert here. I am writing to you from the Emirates Towers in Dubai, in between meetings with law firm clients (today those firms happen to be Baker Botts, Curtis Mallet and Vinson & Elkins). Last week, we did not venture past the Burj Al, the most famous and symbolic building in Dubai, but a place that you would likely go to only rarely, if at all, if you lateral to Dubai. Today, I am going to give a very basic and broad overview of life in Dubai for a US associate at a major law firm. I am writing off the cuff here, so to speak, being a bit swamped. I will just focus on information and save you this time from my attempts at humor and entertainment. As always, please feel free in the comments area to ask for further information or clarification on any subject. In the near future we will deliver a post that is more focused on life inside the Dubai firms, including practice area focuses and general office culture.

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Tags:  Dubai

What is a Dubai?

 

Robert here, writing from Dubai at my suite in the Burj Al Arab, in the first week of another month-long visit this stunning city. I just finished perusing through my usual daily go to websites for industry information, such as ATL and LawDragon.com. To my surprise, LawDragon.com just published a top 100 law firm consultants list, and named me as one of 15 recruiters, and the only Asia and Middle East focused recruiter, on the list (my shameless plug for the day). This tops off what has been another great day, here in Dubai.

Ever have one of those days when everything seems to go right? If you want to improve your chances for the perfect day, I suggest you check into the Burj Al, for pampering fit for a king. A few days ago, my wife and I checked into the smallest category of rooms at the Burj – a two story suite no less, complete with grand staircase, 6 person hot tub, two living room areas, two bathrooms (each big enough to be small hotel rooms) a fully equiped office, stunning views, and oh yes, the 24 hour butler (complete with tuxedo and coat tails), and BMW 7 and driver at your disposal.

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Tags:  Hong Kong

What is a Dubai?

 

Robert here, writing from Dubai at my suite in the Burj Al Arab, in the first week of another month-long visit this stunning city. I just finished perusing through my usual daily go to websites for industry information, such as ATL and LawDragon.com. To my surprise, LawDragon.com just published a top 100 law firm consultants list, and named me as one of 15 recruiters, and the only Asia and Middle East focused recruiter, on the list (my shameless plug for the day). This tops off what has been another great day, here in Dubai.

Ever have one of those days when everything seems to go right? If you want to improve your chances for the perfect day, I suggest you check into the Burj Al, for pampering fit for a king. A few days ago, my wife and I checked into the smallest category of rooms at the Burj – a two story suite no less, complete with grand staircase, 6 person hot tub, two living room areas, two bathrooms (each big enough to be small hotel rooms) a fully equiped office, stunning views, and oh yes, the 24 hour butler (complete with tuxedo and coat tails), and BMW 7 and driver at your disposal.

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In-House Versus In-Firm

The filings of bankruptcy by major corporations have attorneys running scared. Or at least running towards the safety of law firms instead of in-house jobs. Many of those affected by the wall street storm have already found their way into firms such as Weil, Gotshal & Manges; K&L Gates; Venable; Bingham McCutchen; and Katten Muchin Rosenman. Previously some thought it best to take in-house positions over those in law firms, to avoid the pressures of billable hours, long days, and the possibility of less flexibility. Now, the benefits of security and compensation are looking pretty good. Also, it makes sense that law firms are able to hold their heads above water during this economic downturn, by actually taking advantage of it. They represent the bankrupted.

Source: www.law.com

Surveying the Asia Markets

 

Here we sit in Hong Kong, midway through our semiannual review and survey of the major law firm market here. While we normally have someone on the ground here in Hong Kong, only twice a year are both authors of this column in town gathering and compiling the latest and greatest information about who is hiring, who is firing, and what people expect for the future. Given the state of the current global economy and most U.S. legal hiring markets, we were somewhat anxious about what we might find as a result of this survey. We know that our business has seen positive trends this year in Asia, but a valid survey needs to include data not only on our business, but the overall hiring picture for our clients. We are pleased to be able to report, preliminarily, that things look good. While we have detected a note of caution among some of our clients, the outlook on the whole is positive. Most firms remain busy, even if not at as frenetic a pace as in 2007.

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Surveying the Asia Markets

 

Here we sit in Hong Kong, midway through our semiannual review and survey of the major law firm market here. While we normally have someone on the ground here in Hong Kong, only twice a year are both authors of this column in town gathering and compiling the latest and greatest information about who is hiring, who is firing, and what people expect for the future.

Given the state of the current global economy and most U.S. legal hiring markets, we were somewhat anxious about what we might find as a result of this survey. We know that our business has seen positive trends this year in Asia, but a valid survey needs to include data not only on our business, but the overall hiring picture for our clients. We are pleased to be able to report, preliminarily, that things look good. While we have detected a note of caution among some of our clients, the outlook on the whole is positive. Most firms remain busy, even if not at as frenetic a pace as in 2007.

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Tags:  Asia | Hong Kong

Demonstrating Your Desirability

 

Last week we discussed some of the things law firm partners seek when staffing their overseas outposts in Asia. To be a successful associate, you need an entrepreneurial spirit, a high level of maturity for your experience level, and an outgoing personality (i.e., not overly academic). You should should be well put-together, presenting as little obvious risk of being a prima donna as possible. How do you know for yourself whether you cut the mustard under these factors — and how do you make it clear to those who interview you that you do?

Successful overseas lawyers have a high degree of entrepreneurial spirit. Let’s face it: you earn a few points just by being willing to leave the comfort of your life in the U.S. or U.K. and move overseas to Asia. Beyond this, law firm partners try to look at your past to determine your future. Were you a competitive athlete, moot court competitor, or actual entrepreneur at some point in your life? If you were, it’s important to bring this out in your resume and cover letter, as well as in your interviews, because these are experiences common among entrepreneurs. If you had experience prior to law school with scientific research, on the other hand, realize this sort of experience can signal to an astute interviewer that you may be happiest in a comfortable role, without much risk, and the rewards of sticking your neck out in the fast-paced world of Asian finance might not be strong motivators for you.

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