All posts by John Grimley

John Grimley edits and publishes Asia Law Portal. A writer, editor & consultant to international businesses and organizations, he's the author of: A Comprehensive Guide to the Asia-Pacific Legal Markets (Ark Group, 2014).

Some law firms in Asia are now accepting virtual currency

As Wong Joon Ian has reported in The Business Times: “The future of money is built in Asia” — noting that in excess of $1.8 billion dollars in crypto currencies are traded on Asian exchanges ever day — representing almost 60% of the world’s daily crypto […]

Asia and Europe are now each other’s leading trade partners

Asia and Europe are now each other’s leading trade partners, with $1.5 trillion in merchandise trade , overtaking their respective trade relationships with the United States, according to a study produced at the initiative of the European Union, as the World Economic Forum (WEF) reported.  As […]

Asia’s economy remains the world’s growth engine, accounting for 62% of global GDP growth

According to a recent interview with BNP Paribas Economist Christine Peltier, “although confronting new challenges, Asia’s economy is still the world’s growth engine, accounting for 62% of global GDP growth.” Peltier highlighted the following developments: Emerging Asia (excluding Japan) grew by 6.2% in 2018, unchanged from the previous […]

Asian Infrastructure Investment Bank (AIIB) London bond issue solidifies the UK’s role in Asia’s development

The Asian Infrastructure Investment Bank (AIIB) raised 2.5 Billion (USD) from 90 bidders in 27 countries on a bond issue this week at the London Stock Exchange (LSE).  As Global Capital described it: “The AIIB placed itself among the very top supranational names in the capital […]

UK Chancellor cites the importance of British law firms to Belt and Road’s development

Speaking in Beijing at The Second Belt and Road Forum For International Cooperation on April 26, 2019, UK Chancellor Phillip Hammond  re-committed the UK to “to helping to realise the potential of the BRI – and to doing so in a way that works for all whose lives […]

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China announces plans to further liberalize its’ legal market

China Daily reports today that China “will further open up its services sector by expanding a pilot program for innovative development of trade in services.”  The decision was taken yesterday at an executive meeting of China’s State Council, chaired by Premier Li Keqiang. As a result […]

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US law firms face possible roll-back of South Korean legal market access

As the Washington Post reported last week, U.S. President Donald Trump is contemplating withdrawing the United States from the Korea-U.S. Free Trade Agreement (KORUS).  As the Office of the United States Trade Representative (USTR) details on its website, KORUS entered into force on March 15, 2012, with […]

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Artificial Intelligence (AI): A new-frontier in legal services competition in Asia

In a news release issued last week – leading international NewLaw firm Axiom announced “the market launch of AxiomAI – a program that leverages Artificial Intelligence (AI) to improve the efficiency and quality of contracts work. As part of AxiomAI, Axiom will accelerate the use of […]

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Hong Kong is emerging as a Belt and Road legal and dealmaking hub

Hong Kong is emerging as a Belt and Road legal and dealmaking hub, as a series of recent reports reflects.   ABS-CBN News, for example, has reported that Hong Kong Chief Executive Carrie Lam, speaking last week at the Wharton Global Forum, outlined how the special […]

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Big4 accounting firms emerge as Belt and Road thought leaders

Belt and Road growing in size and scope The growing impact and importance of China’s Belt and Road international infrastructure development initiative was on display last week in Beijing as leaders from 28 nations gathered to discuss enhancing cooperation on the initiative.   During the Summit […]

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How US Law Firms in Asia may be impacted by American trade protectionism

As the American Lawyer detailed in a recent article, US President elect Donald J. Trump has said he would impose a 45% tariff on goods manufactured in China and declare China a currency manipulator.  He also threatened to withdraw America from the World Trade Organization (WTO). […]

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International lawyers of LexMundi briefed in Jakarta on how to grow their practices

This author briefed international lawyers of LexMundi law firm network in Jakarta on November 20th on how to grow their practices.  The briefing was attended by LexMundi member lawyers from around the world — and took place at LexMundi’s Asia-Pacific regional conference at the Grand Hyatt Jakarta.   […]

China poised to assume trans-Pacific trade leadership role

US Congressional leaders announced yesterday that they would not now consider ratifying the Trans-Pacific Partnership treaty (TPP), effectively ending the accord.  The agreement, negotiated over a 7-year period between economies in Asia (not including China), Latin America, the United States and Canada — and which encompasses […]

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Why the future looks bright for online legal services in Asia

“Legal services utilising the internet and online technologies are here to stay”, according to a recent article by Peter Frankl in Legal Practice Intelligence. Frankl explains how categories referred to as “Online Legal Services, Online Law Firms and Online Lawyers are still nascent” — and that […]

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Indonesia to be Asia’s next digital powerhouse: Implications for legal services

According to the recently released e-conomy SEA 2016 report conducted jointly by Google and Singapore’s sovereign wealth fund Temasek Holdings, Indonesia’s internet economy is growing at 26% annually.  And it “will be worth about US$81 billion in 10 years, or about 40% of the total Internet […]

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NewLaw in Asia faces a hurdle in Malaysia

As the Star Online, Asian Legal Business and Marcus van Geyzel, lawyer and co-author of TheMalaysianLawyer.com — all detailed last month — Hong Kong-based legal startup Dragon Law is facing regulatory scrutiny by the Malaysian Bar after its recent entry into the local market. Dragon Law is […]

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Colombia-Korea Free-Trade Agreement provides opportunity for lawyers

Lawyers in both South Korea and Colombia could be significant beneficiaries of a just-ratified free-trade agreement between the two nations.  As the Korea Herald detailed today: “Over the next 10 years, the two sides will knock down tariffs on over 96 percent of goods and roughly […]

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California Western School of Law holds symposium on current trends in Asia-Pacific legal markets

The California Western School of Law in San Diego, California held a symposium on current trends in the Asia-Pacific Legal Markets on February 17th & 18th, 2016. The Symposium began the evening of the 17th with a lecture by Fernando Dias Simões of the Faculty of Law […]

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Beijing set to power Asian infrastructure deals

“The Asian Infrastructure Investment Bank (AIIB), the first multilateral financial institution launched by China…open[ed] for business on Jan. 16, as the Asia Times reported. The AIIB’s mandate will be to fund [infrastructure] development both inside and outside of Asia.  “From 2010 to 2020, Asian countries will […]

Who were the top 20 law firms in Asian M&A in 2015?

MergerMarket have just released  their Q4 2015 Global Legal Advisor Trend Report, which details how “Asia-Pacific (excl. Japan) M&A activity reached a peak [in 2015]. The reported details 3,797 deals worth US$ 927.8bn, the third consecutive annual increase by value, overtaking all yearly values on record. Too, […]

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Demand for legal services continues to globalize

The demand for legal services is continuing to globalize, according to a recent report published by Managing Partner Forum and coauthored by Citi Private Bank and Hildebrandt Consulting. “The more global nature of legal work has particularly aided Am Law 50 firms”, the report concludes, “even […]