Lawyers with experience or expertise related to major projects and project finance can expect to see a number of new job opportunities open up in the Asia region, according to Theresa Pang, senior consultant with Robert Walters. “During 2008 and 2009 there was not a lot going on in terms of projects, because of the global financial crisis. At the moment, however, we are experiencing more demand from clients who want to bring on board lawyers with that kind of background and skill set,” she said.

That background relates to both the banking & finance and regulatory advice required to start new infrastructure and building projects and the construction and contract advice needed to perform the work. The latest Robert Walters financial services sector update was released on Monday and all indications were that Singapore will remain the Asian capital centre for financial control. With respect to operations and projects, newer financial institutions are expected to expand in Singapore as they take on work.

The number of short term or fixed term contract roles are likely to increase as this is the way most firms hire for these sorts of openings, according to Pang. “We also expect that there will be more activity and movement into contract work after bonuses have been paid out following Chinese New Year. Our view is also that this will translate into a double benefit for candidates. While the banks will have a growth strategy in place this year, the majority will also be focusing on replacing those who have moved on because of attrition,” concluded Pang.