Herbert Smith Freehills celebrates AUS, NZ M&A ranking... Earnings are the top reason for moving firms...
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Clyde & Co has added two senior lawyers to its Hong Kong team with one hire and one relocation.
Moving to the region is partner Christopher Jobson, a preeminent marine lawyer who has been in Abdu Dhabi as managing partner having previously been in Dubai. It’s a return to Clyde’s Hong Kong office for Jobson; he first joined the firm there in 1990.
He will hold a regional management role and sit on the firm’s Asia Pacific management board.
The new hire is partner Peter Coles, a leading aviation lawyer who joins from HFW. He handles a broad range of legal advice to airlines, general aviation and business jet operators, airports, manufacturers, MRO's and ground handlers across the Asia Pacific, Europe, and the Americas.
Herbert Smith Freehills celebrates AUS, NZ M&A rankings
Herbert Smith Freehills has topped the rankings in several Q3 M&A legal adviser league tables in Australia and New Zealand.
In the Thomson Reuters rankings, the firm is top by deal count in announced deals for Australia and New Zealand; and first for deal count and value in completed deals in both countries.
Bloomberg has ranked the firm top for deal count and deal value for announced deals in Australia and New Zealand.
And the firm is also number 1 for deal count and deal value in Mergermarket’s Australasian rankings.
“Our deep sector expertise and market-leading M&A capability sees clients regularly entrust us with their most challenging and innovative M&A
transactions,” commented Brisbane corporate M&A partner Matthew FitzGerald.
Earnings are the top reason for moving firms
More than a third of lawyers say they would move firms for the chance to earn more.
A survey of lawyers in the US by Robert Half Legal found that earnings potential was the top reason for a lateral move (36%), beating work-life balance (29%) in second place, and professional autonomy (13%) in third place.
But it’s not just about personal earnings for experienced associates who said they would only consider a move to a firm with a book of business between U$250,000 and $500,000.
"Midsize and boutique law firms, in particular, have a critical need for experienced associates to help them expand high-demand practice groups," said Jamy Sullivan, executive director of Robert Half Legal. "Lawyers with extensive practice area expertise who can meet or exceed a firm's portable business requirements often command above-market salaries."
Although a lateral move may mean a slower route to partner, Sullivan added that lawyers can see the advantage.
"Taking a lateral position at a new firm can offer legal practitioners a unique opportunity to redefine their careers, boost compensation and enhance overall job satisfaction," he said.
