Offshore: Looking back in 2019

With global legal recruitment markets seemingly slowing down a little in 2019, the offshore markets haven’t seemed to have taken any notice. I can’t remember a stretch in recent times, such as 2019 has been, where there has been so much demand across the jurisdictions and also general personnel change.


Coming off what was an already busy 2018, firms seemed set to grow their presence in previously small jurisdictions for them, while we also saw a few new entrants along the way.


In the Channel Islands, Jersey maintained its position as the largest hirer in terms of pure headcount of all the jurisdictions, while Guernsey, quieter in recent times, seemed to bounce back. All the traditional areas of corporate; banking; funds and litigation continued to be most in demand but there were odd busy periods within Real Estate; Trusts; and Regulatory which have their own difficulties when looking to hire.


It is clear that firms are broadening out their search when looking for associates and South Africa proved extremely popular once again this year given the training and high quality of work undertaken by the lawyers. Given the continued lack of supply for the Channel Islands, I think we are safe to assume that this trend will continue. The change to Jersey immigration will hopefully also go some way in making the sponsorship process where needed much simpler.


One of the main reasons 2019 felt so busy was the sheer amount of hiring undertaken in Cayman by pretty much all the firms. Corporate; Litigation; and Funds lawyers found themselves in a situation with multiple options and a very fast-moving market. I also think it is the first time in a long while that we have seen salaries in Cayman start to shift upwards slightly.


Australia and Canada, to a certain extent, continued to prove popular as destinations for relocation, with London associates keener than ever to make the move. The impending legislation changes in Cayman could change the recruitment landscape somewhat, but until there is more clarity on exactly what it will impose firms are continuing in the same vain as always.


The one piece of respite this year was to be found in the BVI. After an exceptionally busy 2018, it was always going to be a quieter 2019. Firms seemed very settled and aside from a few departures here and there, generally didn’t lose too many people. The market seems to be picking up as we head towards the end of the year and litigation in particular is showing signs of being a key area of growth for 2020.


The surprise package of 2019 has by far and away been Bermuda. Notoriously quiet for many years, there has been an unprecedented amount of hiring throughout 2019, focused not just on the customary key players but also the newer entrants as they look to grow their Bermuda bases. Traditionally a destination passed over by candidates looking to move due to lack of options, the quality of work and lifestyle on offer has naturally proved very attractive. Demand remains high and we very much expect this growth to continue into the New Year.


Looking at the onshore bases of the offshore firms, London was unusually busy during 2019 and we found ourselves inundated with needs, mainly within the transactional space. I think it is unlikely that there will be significant further growth in 2020 but I would expect some senior hires, as firms look to gain market share.


Given the current political turmoil in Hong Kong, it has slowed down significantly in terms of hiring later in the year but proved as popular as ever in the first half with firms growing in both litigation and transactional. I think we will have to wait and see how things unfold before we get a sense of what 2020 will hold for Hong Kong and Asia offshore in general. Singapore was mostly stable throughout the year, as was Dubai.


Whatever the bigger global impact of Brexit, the offshore market has thus far proven resilient to the recruitment slowdowns elsewhere and if things continue as they are, the flow of candidates from the major financial centres is only going to continue.

If you’d like to know more about recruiting or working offshore, please do get in touch on +44 (0)20 7002 0217 or thomashartwell@hydrogengroup.com.

26 Feb, 2024
​Our webinar 2025 and Beyond: Why Your Hiring, Learning, and Culture Need to Evolve brought together thought leaders Enrique Rubio (Hacking HR), Lisa Skinner Källström (Teamtailor), and Hydrogen Group’s Dean Jennings and Michelle Miller. The conversation explored strategies used to tackle the challenges of the future workforce, shift organisational cultures towards lasting partnerships, and ensure teams are equipped for the age of artificial intelligence. _ The Q&A box was brimming! Our webinar offered participants the chance to consult our HR experts on addressing shifts in the people and culture realm as we approach 2024 and beyond. Interesting questions were raised, and we compiled them all to seek and reached out to our experts to get some definitive answers. For a recap on the webinar, check out our blog Navigating the Future: Insights from our Webinar "2025 and Beyond"  So, here we are. Your questions - answered! - ​How can companies make people feel more secure in their jobs? Is it just a matter of increasing communication? Lisa suggested a shift towards a more sustainable approach. 'In recent years, we have seen many companies experience massive growth, and the need to get great talent onboard - hence offering extremely generous compensation packages. Unfortunately, many have now faced layoffs, and while the compensation and benefit strategies are not the sole reasons, I would like to propose a more sustainable approach for the future. [Increase benefits as the company grows, and as business results allow, we can increase pension levels or similar benefits – and discuss it internally! Open dialogue about results, investment choices, and their rationale fosters a sense of involvement among team members and signals the company's commitment to a sustainable direction.]' Dean echoed concerns about job security in today's volatile economy and advises, 'In today's uncertain economic climate, job security is a concern. However, by becoming indispensable and embracing tools like AI, individuals can enhance their value to employers, securing their positions for the future. Apart from using Chat GPT, what other tasks can be automated with AI? Lisa commented, ‘We’ve mentioned a few examples already, but I would look at all the systems your company allows you to use and question your suppliers on what features are or will be based on AI. For example, many applicant tracking systems allow the opportunity for AI to summarise CVs for an easy overview, generate interview questions and suggest more personalised replies to rejected candidates based on their CVs. Also, the opportunity for AI to transcribe an interview is an amazing tool which allows the interviewer to solely focus on listening and talking to a candidate as opposed to taking notes. As always, AI in these types of systems is not designed to make the decisions for a recruiter or business - but serve as an assistant to save time and work more efficiently.’ Dean added, ‘There are far too many to list. The AI directory https://aitoolsdirectory.com/ does a really good job of showcasing what does what and where you can find it.’ What is the impact of AI on employee engagement and how can HR teams use AI to promote engagement? Also, what precautions should professionals take when using AI? ​Dean offered his perspective by stating that ‘engagement and AI may seem contradictory, but there's a clear benefit when HR uses AI to streamline admin tasks, freeing up time for vital human interaction. Tools like Koios, for instance, offer Acoustic AI, helping HR understand team and individual personalities better, for more tailored approaches. Professionals must approach AI implementation carefully, ensuring ethical use to maintain trust and transparency in the workplace.’ How can we make sure our services stay personalised while using AI? Dean responded, ‘By leveraging AI to handle time-consuming tasks. The best thing about AI is that you get to choose what it does and what it doesn’t. If you feel strongly about human interaction to enable personalisation, you don’t have to let go of that – just embrace AI to make those interactions better. Get it to strip data in the background for you, or to type up your notes and actions as you have the conversations. The possibilities are endless, and they can be tailored to your needs.’ Within your businesses, have you experienced any resistance to the adoption of AI? How have you handled these objections? Dean responded, ‘A lot of the resistance I have seen has either been a fear of trying or a fear of being caught. There seems to be a negative connotation with AI, that if you get it to do something for you, are you cheating? The answer is a resounding no, you are working with the tools available to make yourself more productive for your organisation. Robot proof recruiter, if you haven’t read it, you should. Especially if you are a recruiter or if recruitment is part of your job role. I’ll spare you the details, but it is an amazing read that showcases the fact you can never take the people part out of recruitment - you’ll always be able to provide a better level of service than a robot (at least for now) and you need to focus on the parts of the process where human interaction is at its most vital and automate/utilise AI to get back time in your day to improve that social element of the process.’ Do you feel Employee Resource Groups will be on the rise with the future generation of workers? ​Dean replied, ‘A truly hybrid workplace cannot function effectively without the right technology in place. That doesn’t even need to be AI. For employees to feel a sense of belonging in a workplace, there should be a seamless experience that goes beyond just having teams up on 1 laptop in a room full of 30 people. Again, this will only advance with time ... my eutopia is to have my whole team (who are based in the UK + Thailand) sat around a virtual desk, on a beach with an interactive whiteboard we can utilise in real time via virtual and augmented reality. You may laugh now, but in the next couple of years, VR and AR tech will be the staple of hybrid working and teams coming together around the globe. This doesn’t take away from the in-person experience and nor do I think it should. It should be a tool that compliments real-time working solutions.’ How can we support older generation employees in the changing landscape? ​Dean offered his perspective, ‘AI is truly remarkable. It embodies the futuristic vision many of us had as children—computers and programs taking on tasks for us. For those uneasy about it, I believe it's a matter of not fully comprehending it or lacking the skills to use it effectively. AI has quietly become a part of the workplace, and many are still navigating its intricacies. The focus should be on empowering employees to leverage AI to enhance productivity and value to the organisation. Those who resist or fail to adapt won't be replaced by AI but by individuals who embrace change and view AI as a tool for greater contribution.’ How can we safeguard against the risk of AI stifling creativity in the workplace? ​Lisa said, ‘I would say the opposite, if we use AI for the more regular and routine tasks then we will have more time to use to be creative! For example, instead of spending hours on creating a presentation for an important project - let AI do this creating for you and spend the time on how you want to engage with your audience instead. Using ChatGPT to find easy tasks that I would previously have spent a lot of time on has been a big change in how I work and allows me find space in the day.’ Is there a regional divide across different parts of the world? Are Europeans more prone to appreciate safety/job security than Americans? Lisa commented, ‘My thoughts are that globally we have been through a lot in recent years, covid affected everyone regardless of location. After that, we had war in Europe for the first time in many years which had major effects on the economy, which I believe has made people appreciate job safety even more and value this in choosing their next employer. However, in some parts of Europe employees are still very protected by labour laws etc so I believe it is different from America where it is more common to have short notice period and less resistance from employers to terminate an employment.’ Expanding on the key themes discussed in our webinar, we're thrilled to introduce our Thrive Guide – a practical roadmap for building a thriving workplace. ​Within the Thrive Guide, discover actionable strategies to enhance employee engagement, foster diversity and inclusion, and implement flexible working models. 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