Asian Legal Business

ALB APRIL 2018

Issue link: https://asianlegalbusiness.uberflip.com/i/958671

Contents of this Issue

Navigation

Page 17 of 47

16 A S I A N L E G A L B U S I N E S S – A P R I L 2 0 1 8 W W W. L E G A L B U S I N E S S O N L I N E . C O M T imes have been tough for law firms in Asia, what with the twin forces of rising competi- tion and an increasingly savvy clientele. This has resulted in a slight decline in the number of responses from last year, as lawyers are more likely to recommend their firm when they are happy to be working there. That makes the responses we received even more meaningful, and highlights the stellar work that the ranked law firms have been doing. Despite the dampening of enthusiasm, the job satisfac- tion numbers remain high. More than 95 percent of lawyers across Asia have expressed satisfaction with their jobs in this year's survey, with almost half of the respondents calling themselves extremely satisfied. "Collegiality, mutual respect, and work efficiency… We have experts in many fields and cooperate smoothly, creating a great environment to provide our clients comprehensive advice in an efficient way," says a partner at a local law firm in south Korea. For an associate with a law firm in Taiwan, "the firm provides what I need and what I like, and I know that our firm will do their best to satisfy their lawyers." And an associate at a law firm in the Philippines adds: "There is diversity in the accounts we handle. The senior lawyers mentor us younger lawyers in order to ensure full comprehension of the accounts we handle. We have superb office facilities such as lounge, gym and even a bar which aids us in ensuring that we are able to unwind after work hours." For all but 8 percent of the respondents, remuneration appears to be at least at the market standard; and almost 47 percent believe it to be above that. "The firm pays its associ- ates more than other law firms - even the firms at the same level. Also, the firm gives us various facilities which are far more than that provided by other firms and which I would like to consider as forming part of the remuneration," says an associate at a law firm in India. And more than 62 percent say that their feel your contri- butions to the firm and its success are frequently recognised. "If you want to succeed, the firm is always there to support you," says an employee of a law firm in the Philippines. "My boss tells everyone that he appreciates my loyalty to the firm. It is difficult to put it into words, but when I leave my home in the morning, I feel like I'm going to my second home." similarly, when it comes to opportunities for training or professional development, more than 93 percent are appre- ciative of what is available. "Our firm sponsors its employees attending seminars, meeting and overseas training. For example, some employees are sent to Korea and Japan on two-month internship, and all expenses for the internship are borne by the firm," says an employee at a local law firm in Vietnam. Adds an employee of a Philippine law firm: "The firm offers substantial opportunities not just in established fields but also in new ones, such as cryptocurrency, tech- nology, etc." The path to partnership is, however, a bit of a sticking point for a number of firms – almost 49 percent of those surveyed feel that the path is "somewhat transparent" or not transparent at all. That said, a whopping 84 percent rate their firm as very collaborative. "My current team is fantastic to work with. People are supportive, are genuinely interested in delivering high-quality work product consistently, and at the same time are dedicated to ensuring a work-life balance for every member of the team. It is a very positive environment to grow in," says an associate in India. And almost 67 percent feel that their senior leaders communicate their goals and vision for the firm "very effectively." C O V E R S T O R Y 16 A S I A N L E G A L B U S I N E S S – A P R I L 2 0 1 8 W W W. L E G A L B U S I N E S S O N L I N E . C O M EMPLOYER OF CHOICE 20I8 A S I A ' S B E S T L A W F I R M S T O W O R K F O R

Articles in this issue

Archives of this issue

view archives of Asian Legal Business - ALB APRIL 2018