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&lt;p&gt;&lt;?xml:namespace prefix=&quot;o&quot; ns=&quot;urn:schemas-microsoft-com:office:office&quot;?&gt;&lt;o:p&gt;&amp;nbsp;&lt;/o:p&gt;Today&amp;#8217;s &lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;Times&lt;/i&gt; business section gives top billing to a&amp;nbsp; loooong look at the emergence of Asia and the Middle East&amp;#8212;especially Dubai&amp;#8212;as BigLaw&amp;#8217;s hottest talent markets.&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;&lt;/p&gt;&lt;p&gt;Shorter version: Unlike here in the &lt;?xml:namespace prefix=&quot;st1&quot; ns=&quot;urn:schemas-microsoft-com:office:smarttags&quot;?&gt;&lt;st1:country-region w:st=&quot;on&quot;&gt;&lt;st1:place w:st=&quot;on&quot;&gt;U.S.&lt;/st1:place&gt;&lt;/st1:country-region&gt;, real estate, securities and M&amp;amp;A legal work hasn&amp;#8217;t (yet?) evaporated.&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;Legal recruiters are now seeing an unprecedented flood of r&amp;#233;sum&amp;#233;s from candidates looking for law-firm or in-house jobs in Hong Kong, &lt;st1:city w:st=&quot;on&quot;&gt;&lt;st1:place w:st=&quot;on&quot;&gt;Dubai&lt;/st1:place&gt;&lt;/st1:city&gt; and other overseas locales.&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;As firms are cutting and contracting in the &lt;st1:country-region w:st=&quot;on&quot;&gt;&lt;st1:place w:st=&quot;on&quot;&gt;U.S.&lt;/st1:place&gt;&lt;/st1:country-region&gt;, landing an expat gig is more competitive than ever.&lt;/p&gt;&lt;p&gt;Last month, our very own Anu Rao made all of these points (and more!) in a decidedly less longwinded fashion:&lt;span class=&quot;text12&quot;&gt;&lt;o:p&gt;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;span class=&quot;text12&quot;&gt;&lt;o:p&gt;&amp;nbsp;&lt;/o:p&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;span class=&quot;text12&quot;&gt;&lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;Despite the shakiness of the &lt;st1:place w:st=&quot;on&quot;&gt;&lt;st1:country-region w:st=&quot;on&quot;&gt;U.S.&lt;/st1:country-region&gt;&lt;/st1:place&gt; legal market, there are still options for those looking for work. New York and London will see the most fallout, but the emerging markets of the Middle East and &lt;st1:place w:st=&quot;on&quot;&gt;Asia&lt;/st1:place&gt; are still fertile. Certainly no regions will be immune to upheaval, but these have time and geography on their side. &lt;o:p&gt;&lt;/o:p&gt;&lt;/i&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;span class=&quot;text12&quot;&gt;&lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;&lt;o:p&gt;&amp;nbsp;&lt;/o:p&gt;&lt;/i&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;span class=&quot;text12&quot;&gt;&lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;In &lt;st1:city w:st=&quot;on&quot;&gt;Dubai&lt;/st1:city&gt;, &lt;st1:city w:st=&quot;on&quot;&gt;Abu Dhabi&lt;/st1:city&gt; and &lt;st1:place w:st=&quot;on&quot;&gt;&lt;st1:city w:st=&quot;on&quot;&gt;Doha&lt;/st1:city&gt;, &lt;st1:country-region w:st=&quot;on&quot;&gt;Qatar&lt;/st1:country-region&gt;&lt;/st1:place&gt;, it&amp;#8217;s not just oil and gas interests at play &amp;#8212; the question is what to do with all the moolah made from rising oil prices. Sovereign wealth funds looking to invest earnings will provide their lawyers a regular supply of work [&amp;#8230;]&lt;o:p&gt;&lt;/o:p&gt;&lt;/i&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;span class=&quot;text12&quot;&gt;&lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;&lt;o:p&gt;&amp;nbsp;&lt;/o:p&gt;&lt;/i&gt;&lt;/span&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;&lt;span class=&quot;text12&quot;&gt;&lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;Rather than lay off or recruit, firms prefer relocating talent. Sometimes this occurs domestically, but the slowdown in the &lt;st1:country-region w:st=&quot;on&quot;&gt;&lt;st1:place w:st=&quot;on&quot;&gt;United States&lt;/st1:place&gt;&lt;/st1:country-region&gt; is proving an opportune time for firms to transfer experienced staffers to areas where they hope to establish or strengthen a market presence. &amp;#8230; The caveat is that while &lt;st1:city w:st=&quot;on&quot;&gt;Hong Kong&lt;/st1:city&gt;, &lt;st1:country-region w:st=&quot;on&quot;&gt;China&lt;/st1:country-region&gt;, &lt;st1:country-region w:st=&quot;on&quot;&gt;Japan&lt;/st1:country-region&gt;, &lt;st1:country-region w:st=&quot;on&quot;&gt;Singapore&lt;/st1:country-region&gt;, &lt;st1:city w:st=&quot;on&quot;&gt;Moscow&lt;/st1:city&gt; and &lt;st1:city w:st=&quot;on&quot;&gt;&lt;st1:place w:st=&quot;on&quot;&gt;Dubai&lt;/st1:place&gt;&lt;/st1:city&gt; are still busy, that doesn&amp;#8217;t necessarily equate to more jobs. For one, hiring partners in these regions are ever more selective, and they can afford to be, with such a marked increase in resumes. When staffing these outposts, firms are looking for the best of the best&amp;#8212;the top 10 law school, stellar grades, language ability or cultural facility. &lt;o:p&gt;&lt;/o:p&gt;&lt;/i&gt;&lt;/span&gt;&lt;/p&gt;&lt;p&gt;&lt;span class=&quot;text12&quot;&gt;&lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;Regardless of one&amp;#8217;s academic pedigree, this is clear: As the &lt;st1:country-region w:st=&quot;on&quot;&gt;&lt;st1:place w:st=&quot;on&quot;&gt;U.S.&lt;/st1:place&gt;&lt;/st1:country-region&gt; economy regroups, foreign market savvy and a demonstrable interest in working abroad will only widen an associate&amp;#8217;s choices. The time to position oneself as a global thinker is now.&lt;/i&gt;&lt;/span&gt;&lt;i style=&quot;mso-bidi-font-style: normal&quot;&gt;&lt;o:p&gt;&lt;/o:p&gt;&lt;/i&gt;&lt;/p&gt;&lt;p class=&quot;MsoNormal&quot; style=&quot;MARGIN: 0in 0in 0pt&quot;&gt;Despite the &amp;#8220;Gray Lady-come-lately&amp;#8221; aspect of the piece, it is worth reading for its chockablock factoids, quotes, stats and predictions.&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;A small sample:&lt;/p&gt;&lt;p&gt;&amp;#9679;&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp;&amp;nbsp; &lt;/span&gt;In &lt;st1:place w:st=&quot;on&quot;&gt;Hong Kong&lt;/st1:place&gt;, there was a 48 percent increase in the number of lawyers from the 250 biggest American law firms from 2007 to 2008.&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;In &lt;st1:place w:st=&quot;on&quot;&gt;&lt;st1:city w:st=&quot;on&quot;&gt;Abu Dhabi&lt;/st1:city&gt;&lt;/st1:place&gt;, their ranks grew 144 percent. &lt;/p&gt;&lt;p&gt;&amp;#9679;&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;Approximately 40 American and British firms have opened branches in &lt;st1:city w:st=&quot;on&quot;&gt;&lt;st1:place w:st=&quot;on&quot;&gt;Dubai&lt;/st1:place&gt;&lt;/st1:city&gt; in 2008 alone.&lt;/p&gt;&lt;p&gt;&amp;#9679;&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp;&lt;/span&gt;Expat lawyers pay no local taxes in &lt;st1:place w:st=&quot;on&quot;&gt;&lt;st1:city w:st=&quot;on&quot;&gt;Dubai.&lt;/st1:city&gt;&lt;/st1:place&gt;&lt;/p&gt;&lt;p&gt;&amp;#9679;&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp;&lt;/span&gt;The next new law firm destination will be &lt;st1:country-region w:st=&quot;on&quot;&gt;&lt;st1:place w:st=&quot;on&quot;&gt;Qatar&lt;/st1:place&gt;&lt;/st1:country-region&gt;.&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;(&lt;st1:city w:st=&quot;on&quot;&gt;Dubai&lt;/st1:city&gt; is getting saturated and the word is out about &lt;st1:city w:st=&quot;on&quot;&gt;&lt;st1:place w:st=&quot;on&quot;&gt;Abu Dhabi&lt;/st1:place&gt;&lt;/st1:city&gt;.) Global trendsetters&amp;nbsp; Latham &amp;amp; Watkins, DLA Piper and&amp;nbsp; Covington &amp;amp; Burling all opened outposts in Doha this year. )&lt;/p&gt;&lt;p&gt;&amp;#9679;&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp; &lt;/span&gt;&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp;&lt;/span&gt;&amp;#8220;In 2006, firms in Hong Kong were panic-hiring because they knew that if they didn&amp;#8217;t hire a guy, the next firm would,&amp;#8221; [a legal recruiter says] &amp;#8220;Now they can afford to be more selective because there are more highly qualified candidates coming over.&amp;#8221; &lt;/p&gt;&lt;p&gt;&lt;span style=&quot;mso-spacerun: yes&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; &lt;/span&gt;-posted by brian&lt;/p&gt;

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