According to Above The Law & Kinney recruiting in their Asia Chronicles monthly update
Although not all US practices in HK / China are currently very busy, many have seen deal flow pick up dramatically in the past couple of months.
The outlook is good for most US practices to stay fairly busy through the end of this year and beyond. Some groups are becoming understaffed. The China economy is on a full-fledged rebound, notwithstanding the drop in exports. It is a domestic consumer driven recovery that has taken much of the world by surprise. The Shanghai Index has risen already about 90% this year and had doubled since its November ’08 low.
This is about the point in this Kinney-sponsored post where you probably expect me to go on and on about all the hiring that is about to happen, to call Kinney and an apartment broker in China, right? But I can’t quite take you on apartment hunting trips to Asia, because the lateral hiring, although it has picked up from the dead period earlier this year (we continue to be put on more attorney searches in Asia, especially in HK / China each week), is just not there for most junior to mid-level US associate candidates. Hiring likely won’t be even close to what we started in 2007 to consider “normal” until at least late ’09 to early ’10.
Full Article at? http://abovethelaw.com/2009/08/the_asia_chronicles_hiring_out.php
