Drew & Napier tops ranking of law firm employers- Singapore

Drew & Napier tops ranking of law firm employers- Singapore

By CHEW XIANG
DREW & Napier is the top employer among local and foreign law firms in Singapore, according to a survey by Asian Legal Business (ALB) magazine.
Home-grown giant Allen & Gledhill came in third in the overall rankings. Foreign firm Linklaters took second place, while Baker & McKenzie was fourth. Clifford Chance and Allen & Overy were joint fifth.

The magazine polled 20,000 lawyers across 13 jurisdictions in the Asia-Pacific. Firms were then scored on six categories, including financial rewards and work-life balance. The magazine also spoke to consultants and ex-employees of the law firms.

ALB managing editor George Walmsley said: ‘The difficulty of attracting and retaining legal talent … has been a recurring theme across Asia for some time now. We find it fascinating how the dearth of talent, whether caused by somewhat out-of-date legal training regimes or sheer pace of demand growth can change the whole shape of the legal services industry.’

ALB quoted Sandra Godbold of recruitment firm Hays as saying ‘it generally only takes one or two key people to take the lead and move firms to … encourage larger numbers of lawyers to follow.’

‘This is particularly true in the Asian legal market where lawyers move far more frequently than they do in Europe and the US.’

And in Singapore, the main motive in moving seems to be money. The report said that lawyers here and in mainland China sought the best compensation when choosing a new firm. However, Latham & Watkins, voted No 1 in Singapore for financial rewards, failed to make the top five in the overall rankings here.
Source : Business Times  - 30 Jan 2008

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