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Norton Rose ramps up recruiting for 2010

by on April 6, 2010

Norton Rose is looking forward to continued economic recovery in Asia and is poised to add headcount to replenish the firm’s talent pool.  The first new opensings will be banking and corporate positions in the Tokyo and Beijing offices. Norton’s move is an encouraging indicator that the market for banking and finance attorneys is on the upswing.  The potential for increased recruiting is also bolstered by the fact that, as we have commented before, a number of banks (including Bank of America and Citigroup) are reportedly offering big time compensation packages and bonuses to attract new talent in a post-financial crisis world.  In fact, a Norton Rose report concluded that 64% of financial institutions believe that liquidity will likely return to global banking systems by September 2010.  Whether or not this is too optimistic is a bit hard to tell, but there does seem to be a the beginnings of a trickle down effect to law firms, as banks begin to add staff and need lawyers with experience in banking and finance.

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