As we’ve said before, they are a recruiter so they are paid to be upbeat…
In their latest update for The Above The Law Blog they write..
http://abovethelaw.com/2009/06/the_asia_chronicles_hk_china_m.php
Over the last two weeks in Hong Kong, Robert, Daniel, Alexis and I met with a number of senior partners of US practices in Asia. There is clearly a lot of cautious optimism due to a pick up in deal flow recently at some firms (not all, but some firms) in HK / China. The key word is cautious, but there is undeniably a buzz in the air in HK that I have not seen since mid ’08. Such optimism and pick up in deal flow at some firms does not translate directly into improvement in lateral US associate hiring in HK / China, but it is a start… It is important to note that while some groups are starting to get very busy, we also met with others that are very slow. It is still a sporadic deal flow in HK / China, but one that is picking up.
On the other side of the coin AALE read recently that Hong Kong is just creating a stock market bubble for itself … so we say err on the side of caution
