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International Herald Tribune: “With Asian Industry Astir, More Job-Seekers Go East”

by on July 28, 2010

You may be tired of hearing us say it, but here’s more confirmation that Asia is the place for lawyers seeking to start or enhance their careers, no matter what the industry.   China, India, South Korea and the rest of Asia are experiencing economic growth while the U.S. and Europe continue to lag behind and still feel the effects of the latest economic crisis.  As a result, more and more Americans and Europeans are considering trying life as an expat in Hong Kong, Singapore and other Asian markets.  The International Herald Tribune (the international edition of the New York Times) recently reported on the phenomenon:

“Many Westerners seem to be looking to make the move.

No wonder. The jobless rate in the United Stands is 9.5 percent, Britain’s is at nearly 8 percent and Spain’s is 19.9 percent. In Hong Kong, by contrast, the unemployment rate is 4.6 percent. In Singapore — another hub of banking, legal and other white-collar positions — only 2.2 percent of people are registered as being out of work. In Australia, the jobless rate fell to 5.1 percent in June, the lowest level in nearly a year and a half.

During the downturn, millions of people in Asia — from factory and construction workers to bankers and architects — lost their jobs as demand for the region’s exports plummeted and multinational companies cut back. But with most Asian countries free of bank failures and the crippling debt loads that governments and households in the West are trying to pay down, economies in the region have bounced back quickly.

The renewed hiring has been especially strong in the financial industry and in legal services. But there is movement pretty much across the board.”

Read the full story…

To find the job that just might make you take the leap into Asia, please visit us at Law Alliance.

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