Hong Kong is a modern Chinese city. It is the biggest and most important financial centre in the region and is still the favoured city for most international businesses.
It is a well run City with a first-class transport system. Everything is within an easy distance and a commute to work is typically a five minute taxi or subway ride. Hong Kong provides a rich diversity of professional and personal opportunities that few other places in the world can match.
Law Firms & In-house
Hong Kong is long established as the hub of Asian trade, finance and commerce. Its highly developed financial infrastructure and established common law legal system is a powerful magnet for regional and international corporations. As a result, a large number of major international law firms from the UK, US and Australia have a presence in Hong Kong.
Principal Areas of Demand
Despite an increase in the requirement for Chinese language skills, there is still demand for high quality lawyers in the following areas:
- Banking & Finance
- Project Finance
- Capital Markets
- Dispute Resolution
Hong Kong is headquarters for a large number of major investment banks and international corporations. Lawyers within these organisations tend to have regionally focused responsibility, resulting in a diverse and interesting workload. Interest is high for lawyers with the following experience:
- Structured Finance & Securitisation
- Debt Capital Markets
- Derivatives & Structured Products
- Compliance – both investment banking and funds related
Remuneration & Benefits
Salaries tend to be generous in Hong Kong, affording lawyers a good level of income and a comfortable lifestyle, however, the huge ex-pat packages once offered to lawyers relocating to Hong Kong are rare in today’s market. Generally, overseas lawyers are offered an all-inclusive salary package which won’t contain a separate housing allowance, but is likely to include an economy class flight home each year, a discretionary bonus, full life assurance and private health cover. Tax levels are very low and are capped at 16%.
The image of the city as an urban jungle seems only too real, but there is more to Hong Kong than this. There are beautiful beaches and fantastic walking in the new territories. You are also well placed to travel throughout Asia and Australasia and to explore the different cultures at your doorstep