5 ASIAN LEGAL BUSINESS CHINA • 亚洲法律杂志-中国版 WWW.LEGALBUSINESSONLINE.COM/CHINA BIG STORY Betty Chen Brian Chan property practice, including data privacy, cybersecurity, digital assets, and fintech advisory. This surge in recruitment is primarily driven by market demands and the ability of certain industries to counter-cyclical trends. Chen also shares similar observations. She highlights a significant level of recruitment activity in areas such as litigation and arbitration, intellectual property, patent litigation, as well as compliance regulation, particularly in export control and sanctions. Additionally, law firms highly value the expertise of “industry experts.” She further points out, “Due to the international political environment, there is a substantial shortage of legal professionals in the field of compliance regulation, especially in export control and sanctions. We have recently witnessed an increasing number of foreign and Chinese firms seeking our assistance in recruiting legal professionals with expertise in these fields to meet the rising demand. Currently, there is a scarcity of individuals who meet these requirements, particularly those with extensive practical experience in the legal field. These sectors present promising opportunities for legal recruitment.” Furthermore, both legal recruitment experts have noticed an increase in recruitment activity in investment and financing funds as the industry gradually recovers. OUTLOOK FOR THE SECOND HALF According to Chan’s observations, there is significant lateral recruitment activity in four specific areas: contentious practice, including US and SEC litigations and insolvency disputes; investigations and compliance, such as internal investigations, FCPA-related investigations, and government investigations; restructuring; and a broader intellectual property practice, including data privacy, cybersecurity, digital assets, and fintech advisory. This surge in recruitment is primarily driven by market demands and the ability of certain industries to counter-cyclical trends. Born To Lead BEIJING | SHANGHAI | SHENZHEN | CHENGDU www.glo.com.cn
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