Our last installment of the Asia Chronicles introduced our readers to the financial advantages of working as a Biglaw associate in Asia. We told you of lower taxes, additional payments in the form of (sweet sweet) COLAs, housing allowances, and other assorted goodies.
Unlike Willy Wonka’s Chocolate Factory, all of this is real, but some of our readers commented that it all sounded like some kind of marketing ploy, “B-grade Asian job porn,” and otherwise too good to be true. Perhaps we came across as too enthusiastic, or maybe we sound like one big recruiting column. Whatever the case, we really do think Asia is the most exciting place in the world to be right now, and not just because the money’s better (additional advantages to be discussed in the weeks to come).
Still, it’s not for everyone. For any of you considering a move to Asia, here are some questions to consider:
1. Are you willing to spend time away from your family, friends, and familiar places? Flight time from most places in Asia back to North America is at least twelve hours each way (and could be double that if you have to make connections). Add in getting to and from the airport, layovers, and getting over jet lag, and you may be spending four days on each trip just traveling or recovering from it. Not to mention that even economy airfares are well over a thousand bucks and rising, and business class is usually four times that (although arguably worth it for the fifteen-hour flight from Asia to New York). As a busy corporate associate, you will likely only visit home once a year (but at least it’ll be a free trip home). Obviously if you are married and/or have children, the question gets even more complicated.
2. Can you handle frequent travel? Nervous fliers should steer clear of Asia (with the possible exception of Tokyo, where the majority of work is domestic). Lawyers out here commonly travel several times per month to wherever the deals are, from India to the South Pacific. We have seen longtime Asia lawyers with passports as thick as the stack of 1000s in our pockets when we come back from Macau. Though the clients always pay for business class, and Asian airlines, airports and hotels are generally rated the best in the world for service and comfort, some people find travel and time away from home too stressful.
3. Do you have a flexible sleep schedule? American lawyers in Asia are often working with U.S. and European offices of the banks and law / accounting firms on their deals. New York is about twelve hours behind China / Japan, and 10 p.m. Friday conference calls or 4 a.m. closings are not uncommon. Or, given the workload of many Asian offices, you might just be up that late working. Very hot market + small office = lots of billable hours.
Read more, below the fold.