One noticeable by-product of Greater Chinas tepid transactional landscape in the past year has been in a slowdown in the lateral hires of senior corporate lawyers in the region, with the trend set to continue in 2023 as economists expect Chinas growth this year to be almost the weakest in decades.
Tightened COVID lockdowns have muted capital markets activities and sapped legal demand, squeezing law rms appetite for big-ticket lateral hires. Levana Huang, Shanghai-based regional director at Kingsher Recruitment Group, has observed hirings at rms corporate transaction departments being quiet so far this year. The recruitment drought first ensued at the height of Chinas spring outbreak that kept commercial capital Shanghai shut off for tw…
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