Demand for lawyers remains strong in Dubai
with Wall Street in tatters and London struggling as the credit crisis plays out, lawyers and analysts say that the most promising places for legal careers are such far-flung locales as Dubai, Abu Dhabi and Hong Kong. Even though Dubai’s booming economy has cooled sharply recently, lawyers say demand for their services remains strong there, and other overseas markets are still beckoning lawyers despite the global impact of the credit crisis — at least for now.
When work was plentiful at home, it was often a tough sell to get lawyers to move halfway around the world. But since the financial unraveling in September, that’s all changed. In the last two months, recruiters in Hong Kong and Dubai say they’ve seen a record number of New York résumés from candidates looking for law-firm or in-house legal work overseas.
In fact, Dubai has become so desirable that there is now a slight backlog of job applicants. Mark Anderson, a legal recruiter there, said that in the last month or so, he has been receiving a lot of résumés “from good-quality New York lawyers.”
“But to be completely honest,” he said, “we’re really struggling to get these guys jobs over here.”
AS applications pour into places like Dubai, American firms are stoking the attraction of overseas work by downsizing at home.