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2017 Legal Salary Guide

Legal Salary Guide 2017

01-01-2017
Submitted by global_admin on Sun, 01/01/2017 - 18:46
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View Morgan McKinley's salary guide for lawyers and professionals in legal support roles.

Legal recruitment in Hong Kong has remained competitive as financial services firms continue to catch up with new regulations, compliance and outsourcing activities. 

Legal Salaries

Legal Support Years of experience Qualification HKICS / CSA HK$ (basic per annum)
Company Secretarial Assistant 1 - 3 Without 180k - 280k
Company Secretarial Officer 4 - 7 With or Without 280k - 360k
Senior Company Secretarial Officer 7 - 10 With 360k - 420k
Assistant Company Secretarial Manager 10 - 15 With 420k - 600k
Company Secretarial Manager 15+ With 600k - 800k
Company Secretary 20+ With 800k - 1,400k
Paralegal 0 - 5   240k - 480k
Paralegal 6 - 10   480k - 700k
Paralegal 11 - 15   700k - 840k
Paralegal 15+   950k+
In-House Lawyer HK$ (basic per annum)
Newly Qualified - 2 years PQE 600k - 950k
3 - 5 years PQE 950k - 1,300k
6 - 8 years PQE 1,300k - 1,800k
8 - 10 years PQE 1,800k - 2,200k
10 - 15 years PQE 2,200k - 2,500k
15+ years PQE 2,500k+

Note: Monthly salaries in HKD

Commentary on Legal Roles and Remuneration in Hong Kong for 2017

We saw a high demand for experienced paralegal and company secretaries with solid commercial contracts drafting experience. Headcount in the banking industry has remained volatile in Hong Kong for 2016 and a number of headcount for senior level roles has been cut or frozen. We saw a preference of hiring paralegal and junior legal counsel roles on a contract basis for 2016 and we foresee this trend to continue for 2017.

In-house legal counsel roles in banking and financial services continue to be an exciting career path for private practice lawyers. Demand was particularly high for lawyers with two to six years of PQE for in-house legal counsel roles. M&A/corporate finance transaction lawyers, private banking and investment lawyers with strong Mandarin skills for banks, insurance and asset management industry are especially sought after. 

Basic salary increment for in-house legal counsel and legal support roles can range between 15-20% (depending on qualification and experience of candidates).

Need more information about our Salary Guides?

If you would like to find out more specific salary or hiring information please contact your Morgan McKinley office today.

Legal Salary Guides

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