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Singapore legal job market sees moderate growth in 2024

Associate hiring remains a top priority for firms.

Law firms in Singapore maintained moderate hiring activity throughout 2024, driven by new firms entering the market and existing firms expanding regionally.

According to Randstad Singapore's 2025 Job Market Outlook and Salary Guide report, firms are increasingly specialising in sectors like energy and technology whilst merging traditionally separate practice areas such as combining mergers and acquisitions with capital markets or technology with intellectual property (IP). This trend is expected to continue into 2025.

Associate hiring remains a top priority for firms, which are seeking candidates who are academically strong, technically proficient, and capable of developing business. Team fit and organisational culture are also crucial factors. As law firms expand, maintaining balanced and sustainable team structures will be vital to prevent burnout and ensure profitability.

At the partner level, strategic hires across international law firms in 2024 are expected to continue through 2025, as firms seek to strengthen their practices and grow market share.

Despite slow growth and limited salary adjustments, the report said economic uncertainty and cost management are driving companies to streamline workforces, prioritising efficiency and profitability.

“However, there is some cautious optimism for growth returning to the market and we are seeing a gradual increase in hiring activities,” it noted. “As a regional and international platform and a leading legal services hub in Asia, Singapore remains an attractive destination for talent in the legal industry."

The demand for legal professionals in Southeast Asia is projected to rise in 2025, as businesses optimise strategies, expand, and navigate complex regulatory environments.

In-house legal teams in Singapore are expected to become leaner and more strategic, shifting towards a role as legal business partners.

In-house lawyers will need a broad range of legal expertise, particularly in managing cross-border projects. Candidates with three to eight years of post-qualification experience are in high demand, particularly those with strong foundational knowledge and adaptability. Senior-level hiring remains slower, with companies focusing on industry knowledge, leadership, and cultural fit.

 

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