In 2016, the legal sector remained dynamic and fast-changing as new opportunities for growth presented themselves. Indonesia's law firms were able to adopt a new, quick and flexible approach towards several market changes.
We expect this trend to continue in 2017, and predict in-house counsel and private practice lawyers will be highly sought after by employers.
However, asset management companies might struggle with hiring legal professionals due to a shortage of lawyers with sufficient specific expertise.
This was among the key findings of our latest Salary Survey 2017.
The report added that with sustained demand for legal services from individuals, businesses and all levels of government, we also observed a rise in salaries for lawyers in 2016.
In particular, private practice lawyer salaries increased by 50% for those moving into new international law firms and by 20% for those moving to become in-house counsels.
About the Global Salary Survey
Now in its eighteenth edition, the annual Global Salary Survey is the most comprehensive review of professional salaries and recruitment trends around the world.
The comprehensive book, covering 27 countries, is free and covers the UK and Ireland, Continental Europe, the Middle East, Africa, Asia, Australia and New Zealand as well as North and South America.The Global Salary Survey is based on the analysis of permanent, interim and contract placements made across each of our geographies and recruitment disciplines during 2016.
To know more hiring trends within the legal sector and other industries, click here to request a copy of the 2017 Global Salary Survey.