[Ed. note: This post is authored by Evan Jowers and Robert Kinney of Kinney Recruiting, sponsor of the Asia Chronicles. Kinney has made more placements of U.S. associates and partners in Asia than any other firm in the past four years. You can reach them by email: asia at kinneyrecruiting dot com.]
Evan Jowers here. There is nothing like expat package discussion to get our readership up. It seems like we have recently written on this topic, but there has since then continued to be an uptick in housing / cola, as well as a lot of momentum for a cross the board market shift upwards regarding what is considered a competitive expat / cola allowance in HK / China.
First, please check out our recent press at CNBC, where our Alexis Lamb is the only recruiter interviewed for the March 7 ’11 article “Law Graduates Head to Asia as IPO, M&A Boom Creates Talent Shortage,” by Ansuya Harjan. We will be featured / interviewed in several other national and global publications, regarding Asia biglaw, in April as well.
Usually when the top US or UK firms in HK / China are considering an expat / cola raise, they will contact Robert Kinney, Alexis Lamb, Yuliya Vinokurova and / or me for information on other expat / cola allowances in the markets, recent changes we have seen, and what we are expecting in the near to medium-term future. We have been taking such calls on a just about daily basis recently. Why are we such a great source of information for these hiring partners? Well, it is known that we are the market leaders and are the most informed recruiters in the HK / China biglaw market and each year we see offer letters from just about every top US or UK firm in HK / China. Routinely, Robert and I are asked to meet with senior partners in both Hong Kong and New York in order to discuss the state of the lateral hiring market in Asia, including cola / housing allowances.