When exploring new opportunities—or even considering your growth in a current role—remuneration is often top of mind. But negotiating a raise isn't just about the numbers; it’s about understanding your value, market trends, and the right timing. In this featured article, we share practical tips tailored specifically for In-House Counsel looking to secure the compensation they deserve. A must-read for any legal professional planning their next move!
CAREER OPPORTUNITIES:
South Africa : Practice Roles
Are you a seasoned legal professional with a strong book of business and proven leadership experience? We’re currently representing three exciting Director-level opportunities at top-tier law firms:
Tax Director - An exciting role for a senior tax lawyer with strong experience in tax law, open to candidates in Johannesburg or Cape Town.
For more information: Contact Zaheerah at zaheerah@thegrmgroup.com
Corporate Commercial Director – A dynamic opportunity for a senior corporate lawyer with expertise in commercial and M&A. Open to candidates in Johannesburg or Cape Town.
For more information: Contact Aphiwe : aphiwe@thegrmgroup.com
TMT and IP Director - Seeking a strategic leader with deep expertise in TMT and Intellectual Property. Based in Johannesburg or open to relocating.
For more information: Contact Nasreen : nasreen@thegrmgroup.com
UMBIIE
Your only place for Legal Jobs is The GRM Group and partner Umbiie
You all know by now, Law firms are considered accountable institutions in several countries due to their obligations under anti-money laundering (AML) and counter-terrorism financing (CFT) regulations.
These include:South Africa: Governed by the Financial Intelligence Centre Act (FICA), law firms must comply with strict AML/CFT measures, including client due diligence and reporting suspicious transactions.
Mauritius: Under the Financial Intelligence and Anti-Money Laundering Act (FIAMLA), law firms are required to meet AML/CFT obligations.
United Kingdom: Law firms are regulated under the Proceeds of Crime Act (POCA) and Money Laundering Regulations, with similar compliance requirements.
European Union Member States: Countries like Germany, France, Italy, and Spain implement AML laws aligned with EU directives, which apply to legal professionals.
United States: Law firms must adhere to AML regulations enforced by agencies like FinCEN and the Department of Justice.
Indonesia: The Anti-Money Laundering Law imposes reporting and due diligence obligations on law firms as designated non-financial businesses.
So what does this mean for employment in Law Firms? Under directive 8 in SA, any Legal professional that works for law firms in these jurisdictions, or anyone they may want to hire - needs to have KYC clearance.....and Umbiie does this in seconds, for pennies - check it out and sign up today, click here, www.umbiie.com