All posts by John Grimley

John Grimley edits and publishes Asia Law Portal

Law firms begin publishing about Asia’s new trade landscape

In November, 2020, 15 countries in the Asia-Pacific region – including the 10 member states of the Association of Southeast Asian Nations (ASEAN) as well as China, Australia, Japan, New Zealand, and South Korea – signed the landmark Regional Comprehensive Economic Partnership (RCEP) on the final day of the […]

By 2024, Asia will be home to 4 of the world’s top 5 economies: Legal leaders analyze how the “Asian Century” is impacting legal services

The World Bank and the International Monetary Fund (IMF) recently detailed that by 2024 – Asia will be home to 4 of the world’s top 5 economies. China, the United States, India, Japan, and Indonesia — will be those top 5 economies, in this order, by […]

60% of US companies in the Mekong region plan to expand operations

According to a recent study by the East-West Center in Washington and the Stimson Center Southeast Asia Program, more than 1,000 US Companies are active in the five Mekong countries and more than half are planning expansion in the region. The Mekong Region As the report […]

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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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 […]

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Investment from China a focus of the 2015 Milken Institute California Summit

China’s investment into California was a focus of the 2015 Milken Institute California Summit, held today in Marina Del Rey, California. Curtis S. Chin, Asia Fellow at the Milken Institute and Former U.S. Ambassador to the Asian Development Bank, moderated a panel discussion on Strategies to Attract […]

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6 reasons why Southeast Asia is poised to become a major new destination for legal startups

A confluence of trends appears poised to make Southeast Asia a new major destination for legal startups.  Among those trends is a spike in funding for startups in the region, the continuing challenge to the traditional law firm business model in Asia, a growing number of […]

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Lawyers rush to win new work from the Trans-Pacific Partnership (TPP)

Lawyers in the Asia-Pacific region and the United States are already gearing up to win new work seen resulting from a new trade agreement announced this week between 12 Pacific-Rim nations. As Misa Han (@misahan) outlined yesterday in the Australian Financial Review: “Legal and financial advisers said […]

Australian law firm LegalVision is generating 20 new customer leads per day from their blog

Australian online law firm LegalVision is generating 20 new customer leads per day from their inbound content strategy, according to their CEO and Founder Lachlan McKnight.  McKnight outlined the firm’s strategy in an interview this week with the Australasian Law Practice Management Association (ALPMA). The interview was […]

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Legal Innovation takes center-stage in Asia-Pacific

The months of July and August have seen a flurry of conferences and news coverage dedicated to legal innovation in the Asia-Pacific legal markets.  And this trend will continue into September.  Here’s a list of what’s happened so far and what’s coming next: On July 30th, […]

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For some foreign law firms, not being in Asia is an Asia strategy

Another foreign law firm has chosen to not maintain a physical presence in Asia – while instead focusing on foreign direct investment from Asia into the jurisdictions where they practice. This strategy is employed by firms primarily as a means to secure work around Asia’s growing […]

More law firms in Asia add consulting services

News last week that Singapore-based RHTLaw Taylor Wessing (@RHTLawTW) had bolstered its consulting practices underscores a trend that appears to be gaining significant pace in international legal markets.  The RHT Group of Companies, which are wholly owned companies of RHTLaw Taylor Wessing LLP,  now have consulting divisions ranging from […]

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Law firms turn to strategy directors for competitive advantage

In recent months two international law firms with operations in the Asia-Pacific region have appointed directors of strategy with an aim to gaining competitive advantage in crowded and competitive legal markets. In May, global law firm Baker & McKenzie appointed Julia Hayhoe Global Director, Strategy Implementation. […]

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Opportunities for foreign investment in Vietnam state-owned enterprises

Dr Net Le, Partner at LNT & Partners in Vietnam and Head of the firm’s Arbitration and Financial Services Practices was among the panelists addressing the issue of state-owned enterprises amid the transformation of command economies on Saturday, May 9th at The Inter-Pacific Bar Association’s (IPBA) 25th Annual Meeting and Conference in Hong Kong.  After Dr […]

Asia-Pacific State Owned Enterprises amid the transformation of command economies

The Inter-Pacific Bar Association’s (IPBA) 25th Annual Meeting and Conference is being held this week from in Hong Kong ( 6 – 9 May 2015). This international legal conference is bringing together IPBA members, corporate lawyers, international business lawyers and colleagues from around the Asia-Pacific region and beyond. One […]

Asia law portal

“Changing the Future for Women in Law” a focus of this week’s Inter-Pacific Bar Association (IPBA) Annual Conference in Hong Kong, May 6-9, 2015

Olivia Kung (@oliviahykung), Associate Attorney at Hong Kong-based OLN law firm (@OldhamLiNie) and  Vice Chair of the Women Business Lawyers committee of the Inter-Pacific Bar Association (IPBA), will be a panel speaker representing Hong Kong at the organizations 25th Annual Meeting and Conference this week in Hong Kong, May 6-9. […]

Will US law firms lose work in Asia due to Washington’s opposition to the Asian Infrastructure Investment Bank (AIIB)?

Some Background The Asian Infrastructure Investment Bank (AIIB) is a new multilateral development lender, whose focus will be on providing financing for infrastructure projects in Asia.  Founded by China, the AIIB has been joined as founding members by most regional governments as well as the UK and […]

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Why NewLaw should seek to define itself in Asia

In April of 2013, Richard Granat (@rgranat) asked: Is Axiom Law a Law Firm? in a blogpost which appeared on his widely-read eLawering Blog.  And Granat is well qualified to both ask and answer the question.  Granat is both a virtual lawyer and a CEO and investor […]