Lawyers Guide to Living & Working in Hong Kong

Lawyers Guide to Living & Working in Hong Kong

Working & Living in Hong Kong

Life in Hong Kong

World-class restaurants and nightlife; a vast array of shopping from high-end brands to historic markets; an iconic cityscape surrounded by mountains, parkland and beaches, and all in a location that makes weekend trips across Asia both feasible and affordable. It is not hard to see why crowded, chaotic Hong Kong remains one of the most sought after destinations in the world for ex-pat lawyers seeking an international move.

Professionally it ticks all of the boxes. You will be advising on huge matters and getting exposure in what is the key economic region of the 21st century. Experience gained here will be respected globally. It is no easy ride – lawyers can expect to work just as hard as they would do in London or any other major financial centre – but few find it to be anything other than an exhilarating and highly rewarding experience.

“Hong Kong remains one of the most sought after destinations in the world for ex-pat lawyers seeking an international move”

The Legal Market

  • Key Global and regional legal hub
  • High-value cross border work
  • Mix of local and internationally qualified Lawyers
  • Growing offshore sector focused on BVI/ Cayman law

The international law firm market is long established in Hong Kong, with many firms having been there for decades. Its position as both a major international financial hub in its own right and as a gateway to the huge Chinese market make it a must have location for any firm with global aspirations.

The legal directories are dominated by the big Anglo-Saxon firms. Most are localised and practice Hong Kong law, fielding sizeable teams advising across multiple practice areas. These firms are typically instructed on the highest-value matters so you can expect to be doing work that is every bit as challenging (and sometimes more so) as that in a top firm in London, New York or Sydney.

Recent developments in the market have seen the rapid growth of offshore law firms in Hong Kong, with teams focused on advising Chinese clients on the BVI/Cayman law elements of major cross-border matters, and the growing influence of the ‘Red Circle’ of leading PRC headquartered firms.

Ex-pat lawyers moving into the onshore market will likely practice as Registered Foreign Lawyers until they gain admission in Hong Kong, meaning that there will be limitations on what you personally can sign off. In practice this is rarely a draw back for new entrants to the market as the requalification exams can usually be completed within the first year or two. Offshore lawyers will practice as Cayman or BVI qualified attorneys.

Hong Kong
“The key economic region of the 21st century…”

The Recruitment Market

  • Market remains buoyant
  • Consistently high-demand for Mandarin speakers
  • Non-Mandarin speakers will need strong credentials
  • Offshore firms recruiting regularly

The market for skilled lawyers in Hong Kong remains buoyant and shows little sign of decline despite some cooling of growth rates in China. The competition for talent is as fierce as ever in high-demand areas such as:

Corporate/M&A;
Private equity/investment funds;
Banking, finance and capital markets;
Financial services/regulatory;
Dispute resolution and insolvency.

Limitations on opportunities for ex-pat lawyers can come principally in the form of languages. It is commonplace for roles to stipulate Chinese (usually Mandarin) language skills as a requirement. If you have experience from a good UK, US or Australian law firm and you speak Mandarin, your biggest dilemma may just be choosing between the many opportunities available to you.

If you do not have Chinese language skills, all is not lost. For applicants with strong credentials from a leading law firm in one of the highdemand areas outlined above, there are likely to be options, just somewhat fewer and perhaps a little further between.

Alternatively, the offshore firms routinely hire across these core areas into roles that are far less likely to need language skills.

Salaries

  • High average earnings
  • Low taxation
  • Excellent benefits
  • Relocation allowance

Virtually every international law firm of note has a Hong Kong office, so naturally the spread of salaries mirrors that in London or any of the other major financial centres.

Typically, there will be a good uplift on salaries elsewhere with NQ’s in the Silver Circle firms able to command up to HKD 80k/month, and those in the Magic Circle up to HKD 88k/month. By three years’ PQE a Silver Circle lawyer could be earning HKD 95k/month, with their Magic Circle counterparts as high as HKD 105k/month. Hong Kong employs a progressive tax system up to a maximum of 15%.

Packages typically include the usual benefits; private healthcare, insurance, gym membership, pension contributions and bonus schemes, whilst your relocation allowance will invariably cover flights out and shipping of belongings.

Accommodation

  • Temporary accommodation provided on arrival
  • Get advice from friends and colleagues
  • Prices can be high and space is at a premium
  • Outer suburbs offer a more relaxed lifestyle

On arrival, your firm will provide you with some temporary accommodation to give you the time to consider where you want to live and to start meeting with real estate agents. Availability of property is generally good but prices are high and there is no escaping the fact that Hong Kong is expensive.

Size, location, transport links and facilities will all impact the price and like any major city around the world, the range is vast. As a general guideline you could expect to pay somewhere between HKD 12k and HKD 17k per month for a one bedroom apartment and between HKD 20k and HKD 40k per month for a three bed family home.

(figures quoted as of May 2019)

“If you have experience from a good law firm and you speak Mandarin, your biggest dilemma may just be choosing between the many opportunities available to you”.

Education

Hong Kong is renowned globally for the quality of its school system and there is a good range of private international schools, many of which teach the International Baccalaureate curriculum. Whilst these schools will teach in English, ex-pat children will have the valuable opportunity to develop their Chinese language skills.

Transport

As a global aviation hub, Hong Kong has multiple direct flights daily to destinations worldwide, including London (c.12 hours) and Sydney (c.10 hours). Locations across Asia are within easy reach for a weekend away making this an ideal base for someone who enjoys travelling in their downtime. Once in Hong Kong, whilst some choose to drive, heavy traffic and a shortage of parking mean that many ex-pats prefer to use the extensive public transport network. The MTR (Mass Transit Railway) has multiple lines serving every major district and into mainland China.

Visas

Your new employer will sponsor your employment visa. Whilst you will need to collate documents and fill in some forms, the application itself (and the fees) will be handled by the firm. It is likely to take no more than six weeks. Once yours is approved you will be able to apply for residency permits for your spouse and children.

Progression

Working in Hong Kong is a good career move. Its status as a global financial centre and its access to the Chinese market makes experience gained here, marketable globally. Lots of lawyers settle and have no desire to move anywhere but if you do decide to move on, chances are you will find no shortage of opportunities whichever direction you are heading in.

“A must have location for any firm with global aspirations”

Origin Legal is a specialist legal recruitment company launched in January 2005 by a management team that first came together in 1996. Origin Legal is recognised as one of the UK’s leading providers of legal jobs at all levels for lawyers, legal executives, solicitors and paralegals. The company’s primary goal is to deliver the highest quality of service and through successful legal recruiting develop and maintain long term client relationships.

Links

Legal 500 - Hong Kong
www.legal500.com/c/hong-kong

Asian Legal Business
www.legalbusinessonline.com/asia

South China Morning Post
www.scmp.com/

Hong Kong Economy
www.hkeconomy.gov.hk/en/home/index.htm

Hong Kong Tourism
www.discoverhongkong.com/uk/index.jsp

Lonely Planet Hong Kong
www.lonelyplanet.com/china/hong-kong

Hong Kong Government
www.gov.hk/en/residents/

Living in Hong Kong
www.livinginhongkong.org/

Squarefoot.com.hk (rental)
www.squarefoot.com.hk/en/rent/

interested?

If you would like to find out more about the market, discuss potential opportunities or just ask a few questions about working or living in Hong Kong, please get in touch. If you would like to send us a CV you can be rest assured that it will be treated confidentially and never released without your advance.

Jason Horobin
ddi. +44 (0)1206 233 514
[email protected]
www.linkedin.com/in/jasonhorobin/

Charlotte Hooper
ddi. +44 (0)1206 233 515
[email protected]
www.linkedin.com/in/charlottehaxell/

Resources you may like

Hong Kong is one of the most sought after destinations in the world for lawyers seeking an international move but is it for you? Find out more about life as a lawyer

Are you thinking about moving internationally? Read on for our essential guide for lawyers embarking on an international career move.

The British Virgin Islands is an idyllic place to live, but what is their legal sector like? Find out more about life as a lawyer in BVI here.