Dublin is home to a number of the world’s biggest banks and asset managers and is prided on being a very sophisticated and evolved market. It was ranked the second most attractive European financial centre after London, according to PwC, which will no doubt help the city attract post-Brexit investment, by positioning itself as an alternative hub to London. Pinsent Masons, one of the world’s most highly-regarded law firms opened an office in Dublin last year. In addition to Pinsent Masons, several other high-profile organisations, such as, JP Morgan, Bank of America and Citigroup have expanded their operations in Dublin, which is a promising sign of things to come for the legal sector in Ireland.
Like the UK, Ireland is a common law jurisdiction with an English-language legal system. For information on working in Ireland as a foreign trained lawyer visit the Irish Law Society website.
In Ireland, like in many of the prominent jurisdictions there continues to be a strong demand for lawyers across a number of practice areas which include:
- Banking and Finance
- Capital Markets
Tax rates in Ireland are quite low compared to Australian and UK rates. There are two tax brackets, 20% (the standard rate, charged on the first 35k depending on personal circumstances) and the balance of income at 40% (the higher rate of all taxable income over 35k depending on personal circumstances, earnings, exemptions etc.)
The standard rate of corporation tax is 12.5% (trading) and 25% non-trading.
Cost of Living
According to research on Expatisan, the cost of living in Dublin is 5% cheaper than in Sydney.
Ireland has a mild, temperate climate, which means the country experiences cool summers and mild winters. The average summer temperatures are between 18-20°C, while the average winter temperatures are between 4-7°C. Both temperatures below freezing and snow are rare in Ireland.
In July and August, there are approximately 18 hours of daylight per day, meaning and it gets dark at around 11pm. This is what Irish people refer to as “a grand stretch in the evenings’.
Ireland is the third-largest island in Europe. From Australia, Ireland is essentially a day away, with many carriers offering 1 stop flights from Sydney, Melbourne, Brisbane and Perth taking between 20-24 hours to reach the Emerald Isle.
5 Facts about Ireland
- The patron saint of Ireland is St. Patrick who is said to have rid the country of snakes. St. Patrick’s Day is celebrated all over the world on March 17th
- The Titanic was built in Belfast in Northern Ireland
- It is estimated that over 80 million people of Irish descent live outside Ireland. This is 14 times more than the population of Ireland itself! Over one-third of Australians claim Irish heritage
- The world’s first recorded open yacht race was held in Dublin Bay in 1663
- Did you know Halloween originates from the 2,000 year-old Celtic festival of Samhain. The word “Samhain” comes from old Gaelic meaning “end of summer”
Current Employment Opportunities in Dublin
Discover the pros and cons of working as a lawyer in London and the latest practice areas in high demand.
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