SALARY SURVEY 2013 - Robert Walters Singapore

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KUALALUMPURKUALALUMPURLEGALKUALALUMPURLEGALOurlegaldivisionplacesmidtoseniorlevelprofessionalsacrossfinancialservicesandcommercialindustries.Werecruitforkeyrolesincludinglegaldirectors,investmentbanking/derivativesspecialists,intellectualproperty and technology lawyers, corporateand commerciallawyers,privatepracticelawyers andcontractmanagers.MarketOverviewDespiteageneralslowdowninrecruitmentactivitywithinthefinancialservicesindustry,bothlocalandinternationalbankshiredlegalprofessionalsactively.Asaresult,in-houseprofessionalswithstrongtreasurymarketsandfinancialservicesexperiencewereindemandthroughouttheyear.Pharmaceutical,telecommunicationsandoilandgasfirmsalsoactivelyhiredin-houselegalprofessionalsastheylookedtoreducecostbylimitingtheamountofworktheyoutsourced.Thesecompaniessoughtprofessionalswithrelevantindustryexperiencetohelpensurecompliancewithever-changingregulations.higherexpectationswhenhiring,andarelikelytohirecandidateswhoarewillingtoputinextraworkhoursandabletohandleanexpandedscopeofworkwithreportingdutiestodifferentregionaloffices.Hiringtrendswithinthecommercialsectorsarelikelytoremainsimilarto2012.Pharmaceutical,telecommunicationsandoilandgascompanieswillcontinuetohirein-houseprofessionalsastheyseektoreducetheirdependencyonlawfirmsandrespondtocontinuedregulatorypressure.Candidateswillremainopentomovingin-housefromprivatepracticefirmsastheyseekimprovedwork-lifebalance.Duetodemandfortalent,professionalsmovingjobsarelikelytoreceiveincreasesofaround20 - 30%whendoingso.LEGALEmployerswithinthecommercialsectorswerealsokeentoreducetheirexternallegalcostsandsoughtcandidateswithstrongdraftingexperienceandnegotiationskills,coupledwithananalyticalmind.Professionalswithinboththefinancialservicesandcommercialsectorstypicallycommandedsalaryincrementsof20 - 30%whenmovingroles.Outlookfor2013Withinthefinancialservicessector,bothlocalandinternationalbankswillcontinuetorecruitlegalprofessionalswithtreasurymarketsexperience.Thisisanareaofverynicheskillssetsinbanking,withalimitedcandidatepooltohirefrom.Therefore,wepredictintensecompetitionfortheseindividuals.ThereisalsolikelytobeincreasingdemandforcandidateswithM&Aexperienceasmorebanksandinsurancecompanieslooktoconsolidate.Internationalbanksmayhave341RobertWaltersGlobalSalarySurvey2013
KUALALUMPURKUALALUMPURLEGALKUALALUMPURROLEPERMANENTSALARYPERANNUMMYR1-3YRS'PQE 4-7YRS'PQE 8+YRS'PQE2012 2013 2012 2013 2012 2013LEGALPrivatePracticeBanking/Finance RM40-80k RM44-84k RM80-140k RM84-150k RM140k+ RM150k+Corporate/M&A RM40-80k RM44-84k RM80-140k RM84-150k RM140k+ RM150k+IntellectualProperty RM40-80k RM44-84k RM80-140k RM84-150k RM140k+ RM140k+FinancialServicesInvestmentBanking/GlobalMarkets RM48-90k RM48-96k RM90-174k RM96-180k RM174k+ RM180k+Corporate/TransactionBanking RM48-84k RM48-84k RM84-150k RM84-150k RM150k+ RM150k+ConsumerBanking/Insurance RM48-84k RM48-84k RM84-150k RM84-150k RM150k+ RM150k+Commerce&IndustryPharmaceutical/Chemical RM48-84k RM48-84k RM84-164k RM84-170k RM164k+ RM170k+FMCG RM48-78k RM48-84k RM78-144k RM84-144k RM144k+ RM144k+Manufacturing/Engineering RM48-84k RM48-84k RM84-174k RM84-180k RM174k+ RM180k+ContractsManager RM48-84k RM48-84k RM84-144k RM84-152k RM144k+ RM152k+LEGALNB:Figuresarebasicsalariesexclusiveofbenefits/bonusesunlessotherwisespecified.RobertWaltersGlobalSalarySurvey2013 342
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WELCOME TO THE FourtEENTH EDITION O
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CONTENTSCONTENTSCONTENTSDüsseldorf
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CONTENTSCONTENTSCONTENTSNEWZEALANDA
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