With Asian banks in better shape than their Western counterparts at present, Singapore continues to be one of the leading financial hotspots for banking & finance lawyers. A recent research report by Pensions & Investments and Towers Watson revealed that five of the top 10 countries in the sovereign funds rankings are Asian countries.
The result is promising for private-practice and in-house banking & financial services lawyers looking to upgrade their roles. LawAlliance senior consultant Lyn Zhou said banking is a core practice area for many international law firms and demand for banking lawyers has increased exponentially as a result of tighter regulatory controls.
“There has been a strong demand [by banks] following the economic downturn due to increased requirements for regulatory and legal risk management,” she said.
Zhou says banking & finance lawyers are in demand at all PQE levels, but the majority of roles (80%) are falling within the 2-7 PQE range. “These requests are coming in from all types of international firms, investment banks, corporate banks and private banks,” she added.
Since the beginning of the year, LawAlliance has received more than 10 mandates from banks and approximately 25 mandates for general banking & finance roles, not including asset finance, project finance and capital markets opportunities from international firms.
To view banking & finance jobs listed on Legaljobscentre, click here.
- Annie Dang
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