The Latest From Hong Kong
October 20, 2011 by Damian
Here is a link to an interesting article on what is happening in the Hong Kong market at the moment. As you will see, the almighty dollar seems to be winning the battle – http://bit.ly/ogGh3C.
Make sure that you read down to the end of the article to see the salary bands for UK and US firms in both London and Hong Kong. They make for very interesting reading and even with the currency situation as it is, they clearly highlight one of the main reasons why NZ lawyers want to work overseas.
Australian Legal Recruitment Market Update
August 2, 2011 by Damian
Here is a link to an article written by one of the Directors of Burgess Paluch Legal Recruitment in Australia.
http://www.lawfuel.co.nz/features/show-feature.asp?FeatureID=241
We work very closely with Burgess Paluch so if you are interested in heading ‘across the ditch’, get in touch with us now and we’ll see what we can do for you!
Do Your Due Diligence
June 9, 2011 by Damian
Undertaking a due diligence exercise is something every commercial lawyer does over and over again during their legal career. If the exercise is not conducted properly, then it is likely that the end result will not be the best one for the parties involved in the deal.
As such, you would expect that lawyers would carry the same cautious and thorough approach through to their own careers but I am constantly surprised by how many don’t. I can understand that in some cases and for a variety of reasons, some people just want a job and any old job will do. For example, this could be because of financial considerations or to get out of a particulary unpleasant working environment.
However, when not faced with such pressing circumstances, there is just no excuse for not doing your due diligence. Moving jobs is one of the most important (and stressful) things that you can do and should be treated as such. Your due diligence should start even before you make contact with a recruitment consultant or an employer and it should start with yourself. By that I mean, you should be clear on exactly the reasons that you are looking to leave your current role and have a reasonably clear idea of where you want to go and why. Once you have clarified these things in your head, it is then time to update your CV.
Updating a CV can be a really tedious and time consuming task but it is impossible to overestimate its importance. Taking the time to present yourself in the most favourable light will pay dividends later in the process. If your CV does not accurately reflect your skills and experience, you will almost certainly not end up with the most suitable job available. (Writing an impressive CV is a completely separate post which I will get to one of these days).
The next step in the process is to contact a recruitment consultant or to directly approach an employer. Obviously I would recommend using a recruitment consultant and in the context of this post, one of the reasons why is that we can assist in this due diligence process. However, whichever route that you decide to go down, it is imperative that you find out as much about the various roles that are available as possible and only apply to those roles that you feel that you have a realistic chance of getting and more importantly, those roles that you are interested in getting.
Back when I started recruiting (which was in the last century), finding out this sort of information could be pretty difficult but in this internet age, there are all sorts of ways that you can locate information that will help you make the best decision. There are the obvious ways of looking at a website and partner profiles and doing Google searches. However, what you can also do is to try to find out whether you know anyone currently working at the firm or in similar firm, location or practice area and ask them their thoughts on the firm or the partner. As above, one of the reasons to use a recruitment consultant is that we can do some of this leg work for you.
The final place to do your due diligence is during the interview process. Before attending an interview, have a clear idea of what sort of information you need to know to make a fully informed decision if you are offered the job. This could be issues such as opportunities for advancement, what level of supervision you will be offered as well as the obvious ones about exactly what you will be doing and who you will be reporting to. Treat the interview as a two way process where not only are they trying to elicit relevant information from you but you are trying to do the same thing to them.
If you go through the recruitment process without undertaking the due diligence process above, you will almost certainly not end up in the most suitable job for you. However, if you do approach the process with the caution that it deserves, you will undoubtedly find that you get the job that will keep you interested and challenged for the foreseeable future.
Lawyer’s Weekly Guide To Overseas Legal Markets
March 24, 2011 by Damian
Here is a link to a Lawyer’s Weekly article which gives a really good overview of the oveseas legal recruitment markets – http://bit.ly/fbfTZ0.
It contains a really good guide about which markets are more receptive to overseas lawyers than others. On the whole, I think that the opinions outlined in the article are spot on although they do mention that Belfast is a better destination for overseas lawyers than Dublin. I’m not quite sure how they came to that conclusion as my wife (Kiwi lawyer) was the first NZ lawyer ever to be admitted in Northern Ireland back on 2003!
What I also found amusing is that when they are discussing the merits of Scotland as a destination, one of the downsides is that it is ‘very cold’ but this is not mentioned in the discussion of the pros and cons of moving to Russia!
Very interesting reading though and if it does spark any interest in investigating your options overseas, give me a call or drop me a line. I would be keen to discuss your chances.
Clifford Chance To Open in Australia
February 21, 2011 by Damian
I have written a couple of blogs about Magic Circle firm Clifford Chance’s desire to establish a presence in Australia and after a few years of courting and woo-ing of a number of firms, they have finally taken the plunge and have acquired two boutique corporate firms, one in Sydney and one in Perth, who will become Clifford Chance in May 2011 –
http://www.lawyersweekly.com.au/blogs/top_stories/archive/2011/02/16/clifford-chance-enter-australia.aspx.
This is huge news for the Australiasian legal market, coming on the back of Norton Rose and Allen & Overy’s entry into the market last year and DLA Piper finally bringing DLA Phillips Fox Australia into its family earlier this year.
I have read a number of articles on the potential impact of these firms coming to Australia and the general consensus is that these few firms may be just the beginning because where one goes, most of the rest are sure to follow as was the case in Asia, Central Europe and the Middle East.
Watch this space!
Clifford Chance sizes up options for Australia launch Part 2
December 14, 2010 by Damian
For anyone who read my post yesterday and has any interest in Clifford Chance’s intention to open an office in Australia, it seems as if the story is starting to gather some real momentum judging by this story in The Lawyer –
Sydney firm Gilbert & Tobin has emerged as the leading candidate as Clifford Chance steps up its search for an Australian tie-up.
The magic circle firm is understood to have held talks with a number of firms in both Sydney and Perth with a view to finding merger partners in both cities.
While talks with Cochrane Lishman Carson Luscombe in Perth have stalled, speculation has intensified in Australia that a deal with Gilbert & Tobin is still on the table.
The Sydney firm was launched as a telecoms and media boutique in 1988. It is now a full-service firm with more than 50 partners.
One Sydney-based source said: “They’re ideally set up to merge with a magic circle firm.”
While discussions with Cochrane Lishman have ended, sources in Perth said that a deal could still be possible, with the situation currently described as “up in the air”.
One Perth source said: “It’s true to say that with A&O [Allen & Overy] coming here and the investment there’s been in Western Australia, it’s something they [Clifford Chance] would like to do.”
A&O launched in Perth and Sydney earlier this year when it swooped for teams of lawyers from Clayton Utz and Freehills.
Norton Rose also established itself in Australia at the beginning of the year when its tie-up with Deacons went live.
Asked about Clifford Chance’s search for a merger target, another source revealed: “There’s no doubt Clifford Chance has been hard at it and has been for some time.”
Clifford Chance is thought to have pursued an Australian merger ever since informal talks with Mallesons Stephen Jacques concluded in 2008.
The firm declined to comment on the story.
While A&O and Norton Rose’s entry into the Australian market was big news, this is absolutely massive news. Gilbert & Tobin are a hugely well respected firm in Australia on their own merits and are market leaders in certain practice areas but if the merger with CC goes ahead, they would automatically leap right to the top of the pack. I am sure that their partners are licking their lips in anticipation…
Bad News From The UK
October 27, 2010 by Damian
All of the talk in 2009 was about redundancies. Most of the talk in 2010 was, if not about mass hiring, it was at least about consolidation. The accepted wisdom was that the days of making redundancies were now past. However the news that came out of the UK last week highlights in a very stark way that the dark days have not been consigned to a distant memory just yet.
Here is a summary of an article from this week’s ‘The Lawyer’:
Edinburgh-headquartered McGrigors has launched a redundancy consultation with the aim of cutting 40 jobs across its UK network of offices.
The redundancies are expected to affect fee-earners and support staff and will take place across the real estate, banking, projects and procurement, corporate, and risk advisory practice areas. The redundancy consultation, which began on Monday, is expected to conclude on 1 November.
In a statement a firm spokesperson said: “In May 2009 we announced a series of cost-saving measures which we hoped would allow us to ride out the worst of the downturn, protect jobs and safeguard the long-term health of the business in the event of an economic recovery.
“Unfortunately, over the past 12 months it has become increasingly clear that an immediate recovery is not going to emerge, and that we are instead facing a sustained period of market uncertainty – particularly while the effects of the public sector spending review become clear.
“This is not a matter which has been entered into lightly, and we do so only as a last resort. We’ve always endeavoured to do the right thing by our people and believe that everything possible has been done – such as secondments to clients or other departments, sabbaticals, flexible working, pay freezes – for as long as possible, to avoid this measure.”
McGrigors put in a fairly strong performance in the 2009-10 financial year, with turnover increasing 10 per cent to £69m.
McGrigors last cut jobs in May 2008, when it laid off nine real estate fee-earners (30 May 2008).
What is worrying about this redundancy exercise is that it is affecting not only property but also banking and corporate which are areas that were reportedly getting busier as opposed to contracting. Obviously this round of redundancies could be related to factors specific to McGrigors such as the firm still being over-staffed, poor management decisions or poor performance among other things.
Regardless of the reasons why, it should serve as a timely reminder to all NZ lawyers heading to the UK thinking that things are back to normal, they are not.
Getting The Job You Want
October 15, 2010 by Damian
It is common knowledge that, although the legal recruitment market is by no means booming, there are, at last, some good opportunities around to consider. In saying that, there are still some talented and experienced lawyers around so the competition for these roles can still be pretty fierce.
So, the question is – how do I make sure that I get the job as opposed to all of the other applicants?
The very simple answer to that question is to convince the employer that you want THAT job, not just A job.
When it gets to interview time, it is a reasonable assumption to make that after looking at your CV and inviting you to an interview, the employer believes that your technical skills are pretty well suited to the role. So, what they will be looking for during the interview is not only the cultural/team fit (which I talk about in a previous post) but also how much you want to work for them, not for their competitor down the road but for THEM.
This will be judged by factors such as how well you have researched the organisation, how knowledgable you are about the sort of work that they have done both individually and as a firm, how well you align your skills, experience, outlook and approach to theirs etc etc. In addition to this, your interviewing style should convey enthusiasm and passion for the role and the organisation. There is no point in saying all of the right things if you don’t say the right things in the right way.
Interviewers will be looking at all of this and their view on how keen you are on their job will form a huge part of their decision making process. To illustrate the point, it is worthwhile giving two scenarios that I became aware of recently.
Both Candidate A and Candidate B are very well qualified, highly educated, confident and personable lawyers who also happen to be looking for a job.
Candidate A was presented with an in-house opportunity which right from the initial conversation ignited a passion in her to get that job. She researched all she could about the organisation, what they did, what their plans for the future area are, watched online videos and basically left no stone unturned in her preparation. Importantly, she brought enthusiasm and passion into the interview. She wanted THAT job and she convinced the employer of that. Naturally then, she got it.
Candidate B was presented with an opportunity which was also of interest, given the skills and experience that she possessed and she very quickly was invited for interview. From the start, however, that passion and enthusiasm for that role was lacking. She did not prepare adequately for the interview, wasn’t aware of some of the recent work the firm had done and had only given the website a cursory glance. From what I can gather, the feedback from the employer was that she could obviously do the job but she did not convince them that she really wanted their job. She was just looking to get out of her current role. So regardless of the fact that she could do the job, she was not offered it.
The message that I am trying to get across is that, in the current recruitment market where it is still not easy to get a good role, it is absolutely vital that your approach from the start is to concentrate on getting that particular job, not any job, just that one. Prepare like it is the only job you are going for (even if it is not) and when you are in the interview, ensure that you convey the right amount of enthusiasm, energy and passion.
If you do that, there is a good chance that you will be made an offer. If you don’t, there is no chance that you will. In this market, getting an interview and not giving it your best shot is a huge mistake as the next role may not come along for some time.
If you are interested in some interview coaching and want to discuss how best to present yourself in an interview, give me a call, I would be delighted to have a chat to you.
Is Australia the New London?
September 27, 2010 by Damian
After eighteen months or so of pretty stagnant international recruitment and of candidates sitting tight and not investigating overseas opportunities, it seems as if, at last, people are now starting to move offshore.
As everyone knows, the usual route is to do some travelling through south-east Asia on the way to sleeping on some old mate’s floor in Earl’s Court or Clapham, drinking in The Church or The Outback, constantly checking out Easyjet and Ryanair for cheap European weekend getaways and hopefully getting some work with a reputable UK firm between weekends away and following the ABs on their annual end of year tour.
Although there are still a large number of people heading to the UK, I have detected a larger than usual number of people not wanting to go quite so far away and as opposed to drinking in some faux Australian bar in Covent Garden, they are looking to drink in a real Australian bar in Darling Harbour or St Kilda with weekends spent back home in NZ rather than in Estonia or Croatia.
The question that this has raised in my mind is – ‘why are more people now thinking about Australia rather than London’?
I think that there are a variety of answers to this. One of the main ones is simply a perception (and reality) that there are more opportunities for NZ lawyers in Australia than there are in London at the moment. The Australian economy has weathered the financial storm better than most and as such, after some headcount trimming in 08 and 09, most employers appear to be in expansion mode, albeit cautious expansion mode.
Secondly, the Trans Tasman Mutual Recognition Act which means that NZ lawyers can practice in Australia without taking any further exams (and vice versa), makes the transition a lot easier for both candidates and clients. Consequently, employers are much happier to take a NZ qualified on than perhaps any other classification of overseas lawyer and some candidates are delighted that they can effectively just get on a flight and start practising straight away. This development is not a new one but in these days of cautious hiring strategies, taking someone on who does not have any visa or requalification issues is a real advantage to an employer and as the UK tightens up on its visa quota system, it is becoming harder and harder for candidates to get a role over there without a EU passport or ancestry visa.
Another recent development that has, in my view, made Australia a more attractive destination is the arrival of some of the big UK brands into the Australian market. Both Allen & Overy and Norton Rose have entered the playing field (along with constant rumours of other international firms establishing a presence) so it is no longer necessary to go to the other side of the world to secure a role in an international law firm. The threshold to get into these firms is very high, meaning that only very highly skilled and experienced NZ lawyers will make it into one of these firms but their arrival is a signal, if one were needed, that the Australian legal market is one of the most sophisticated markets in the world, staffed by top quality lawyers where you can really grow and develop your career.
As well as the above reasons, I have detected a feeling that the recent economic turmoil has made some people reconsider what is important to them and some have decided that in difficult times, perhaps it is better to be a little closer to home than on the other side of the world. Perhaps, as a result of the GFC, London has lost some of its lustre for people and the ability to move out of NZ but be only a three or four hour flight away is more of a draw card than warm beer, dodgy pies and grey skies.
A stint in a law firm in London is always going to be on a lot of young lawyer’s ‘to do’ list but at the moment, there are more and more people thinking that a stint in a leading Australian law firm is as attractive, if not more so, than a move to London. Whether this trend will continue is anyone’s guess but my view is that as the Australian market becomes more internationally focussed, it is now a genuine alternative to the UK OE and one very worthwhile investigating.
If you do want to have a chat about opportunities in Australia, please get in touch. I would be delighted to talk to you about it.
The View From London
July 30, 2010 by Damian
In my last blog post, I commented on how important it is from a recruiter’s point of view not to exaggerate the overall health of the job market. Bearing that in mind, after talking to my colleagues in London during the week about what is happening over there, this is hopefully a realistic overview of the London market as it currently stands.
However, before talking about what is happening now, I think that it is helpful to briefly rewind and consider how things stood this time last year. Basically, it was rubbish. Firms were laying dozens of people off, morale within the firms was at rock bottom, the deal flow dried up and the end of the world was nigh. The chances of an overseas lawyer securing a role in London was as likely as Osama being invited around to Barack’s house for a cup of tea and a chin wag.
Now, however, things have changed. Whether it is a change of government, a change in perception or just the summer sun shining, it looks like the woes of late 2008/2009 are gone and have been replaced with a healthy but cautious optimism.
It is certainly true to say that the law firms over there are hiring again. It just takes a casual look at sites like Totally Legal and Seek to see that. What is interesting is that, in addition to the litigation roles that you would expect to see, there are now corporate and finance roles being advertised, along with roles in more niche areas such as IT outsourcing and competition/antitrust.
What is even more interesting is the type of firms who are recruiting. It is not, as you would expect, the Magic Circle behemoths who are out scouting about, it is firms in the mid-tier such as Travers Smith, Macfarlanes and SJ Berwin who are leading the charge. There is good talent around and firms like these are making the most of it.
So, there are jobs, that is not in doubt. So where does this leave the Kiwi lawyer who wants to go over and drink warm beer and watch the 2011 Rubgy World Cup in a packed overpriced Walkabout pub in Shepherd’s Bush? Well, the obvious formula is that the more jobs there are, the better chance of a Kiwi lawyer getting one. At a basic level, that holds true. However, it should not be forgotten that this jobs recovery is still in its infancy and there A LOT of locally qualifieds around applying for these roles.
As such, if you are serious about getting something in London, you have to remove as many barriers as you possibly can. Firms don’t want to interview you via video-conference and pay you relocation costs so the best idea is to go to London and be available to interview face to face. (I realise that takes the huge leap of faith of resigning from your safe and stable NZ job but this post is about getting a job in London and if that’s what you want to do, then resigning and going to London is your best bet).
If you are around the 1-2 year level, the best advice is to stay where you are for another year or so. The most competitive place to be is at the UK newly qualified level so if you can avoid getting involved in that bun fight, then I would recommend that you stay where you are, get another 12 months + experience and make your move then.
For those candidates who have 3 years plus experience, a visa/passport and are in London to interview, it is fair to say that there should be options for you to consider. However, it is still not going to be easy. The days of having multiple interviews have long gone and even if you do manage to get multiple interviews, this does not mean that any of those will translate into a job offer. The reason is that firms are now interviewing more people than they used to. You may be up against 8-10 people in the first round of interviews. That is a lot of competition. You have to be patient and make sure that you are working with reputable recruiters who are looking after you and giving you the best advice possible.
If you want to talk to someone about this, please get in touch with us now. We have contacts with a very reputable agency in London who will be able to present you with a wide range of options in private practice over there.