Category: Law Practice Management

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 […]

How Reed Smith is globalizing innovation initiatives. An interview with Adam Curphey

Global law firm Reed Smith recently appointed Adam Curphey Innovation Engagement Manager.  Curphey’s focus is working “with the firm’s lawyers, Practice Innovation and IT development teams to implement ideas to drive internal efficiencies, as well as identify collaboration opportunities with Reed Smith’s clients to deliver new […]

How elite law firm Withers KhattarWong LLP is navigating Singapore’s highly competitive legal market: An interview with Managing Partner Deborah Barker

After a lengthy collaboration and formal alliance between Withers LLP and the former KhattarWong LLP, Withers KhattarWong LLP came into being in early 2019. The alliance has created the second largest law firm in Singapore, offering a full range of legal services to corporations, institutions and […]

Funding boost and award win for Australian legal tech company

Brisbane-based legal technology company Lawcadia announces that it has recently raised $1.3 million in a pre-Series A round from a number of private investors and Artesian, a leading Australian alternative investments and venture capital firm.

Whither private practice?

Smarter Law: Transforming Busy Lawyers into Business Leaders by Trevor Faure Book Review (Part 2) Forgive me for starting on a negative note but the chances are that many of you are unlikely to get beyond the third paragraph of this article, less likely still to pull […]

Melbourne to host the 2019 ALPMA Summit this September!

2019 ALPMA Summit Road Map to Transformation – Move Forward with Confidence The 2019 ALPMA Summit Road Map to Transformation – Move Forward with Confidence will provide delegates with a framework and a clear pathway forward to confidently lead their firms into the future. Operating within […]

Hourly billing, the Big4, NewLaw and technology. John Chisholm of Innovim Group analyzes the main competitive threats and opportunities for law firms

Australia-based John Chisholm is a widely recognized strategic advisor to law firms on pricing and strategy – based on his decades of experience as managing partner for both law and accounting firms. A Fellow of the College of Law Practice Management and a Distinguished Fellow of the […]

Legal Technology: The GC Conundrum

The General Counsel (GC) is changing from a legal expert and risk mitigator to a business enabler. The best of this new breed of GCs are agile, on the ground, close to the business, and engaged up-front with their organization’s design and technology teams, enabling them […]

Asia’s changing legal market and the strategies to adapt: An interview with Eric Chin of Alpha Creates

Asia’s legal market is changing and who better to know what strategies firms might deploy to adapt to these changes than Melbourne-based Eric Chin, who helped co-found Alpha Creates in January of 2019.  A long-time strategic advisor to the legal services sector, Eric also coined the term […]

Legal Entity Management – Beyond Compliance

Introduction Recently corporations, regulators and the public have been embroiled in fierce debates about CO² emissions, money laundering, and the OECD’s BEPS initiatives. All of these have involved risk to the reputations of hitherto highly respected organizations. Now entity management compliance is coming into the public […]

Law business structures – challenges in ASEAN

In 2014, the IBA commissioned a mammoth report on Global Cross Border Legal Services that comprehensively covers information about over 90 countries and 160 jurisdictions on the regulation of domestic and cross-border legal practice.   What the report confirms is the transformation of legal practice, and thus […]

Book Review: “SMARTER Law: Transforming busy lawyers into business leaders” – by Trevor Faure

“I cannot say this too strongly: Do not compare yourself to others. Be true to who you are, and continue to learn with all your might.”  Daisaku Ikeda, Buddhist Philosopher, as quoted by Trevor Faure. Trevor Faure, self-defined as ‘part-translator-part-interlocutor’ between the legal and performance improvement […]

Legal Roles & Opportunities Across Asia in 2019

As global growth rates look sluggish in 2019 with the well-documented slowdown in growth brought about by the Sino-US trade war, leading executive search business Aquis Search has announced in its latest set of salary survey & guides published in January this year, that despite some […]

Lawyers are from Mars: Marketing People are from Mercury OR the importance of cognitive diversity in law firms

“We always did feel the same we just saw it from a different point of view. Tangled up in blue.” Bob Dylan In preparation for taking on a new marketing and business development role at an international law firm (this was after I accepted the position […]

Barriers to funding arbitration in Hong Kong dismantled

Hong Kong’s lawmakers kicked off the process of permitting the third-party funding of arbitration as far back as 2013, even then recognising the anachronistic nature of the prohibition. It has taken nearly six years for us to reach this point, but from February 1st the funding […]

Elevate Acquires Cognatio Law, Launching Operations in Hong Kong

Flexible lawyering provider Cognatio extends Elevate’s global capabilities in Asia Pacific market. Law company Elevate today announced it has acquired Cognatio Law, a Hong Kong-based flexible lawyering and legal consulting business serving in-house legal and compliance teams as well as law firms across Asia Pacific. Cognatio […]

Robotic Process Automation (RPA) and the Asia-Pacific Legal Industry

The Financial Times Innovative Lawyers report for the Asia-Pacific region substantiates a “sense of growing maturity among the region’s law firms”. It goes without saying that major projects in the corporate world, particularly projects including parties external to the Asia-Pacific, call for legal expertise. As a […]

California city view

Law As A Process: How Process Design Defines Value, Delivers Efficiency, and Drives Business Strategy

KorumLegal’s proprietary Korum Process Methodology (KPM) focuses on helping law departments “do more with less” by applying the best practices of Lean, Six-Sigma, and Agile methods to the delivery of legal services in the APAC region. Legal process management approach in North America vs APAC Legal […]

Ai

The significance of Artificial Intelligence in unlocking innovation for legal practice

Almost all over the world, scholars believe that future business growth will happen only if data is being used intelligently.  The handling of significant volumes of data, the requirement of extra resources and the need of speed to conduct business has all helped increased the demand […]

Marina bay sands

Litigation Funding in Asia – Where are we now?

Last year saw a swathe of reforms and proposed reforms in Asia in relation to litigation and arbitration funding.  In January 2017, Singapore’s parliament passed the Civil Law Amendment Act and the Civil Law (Third Party Funding) Regulations 2017.  Hot on Singapore’s heels, in June 2017, […]

Sydney

Legal Procurement Conference APAC 2018 set for Sydney on 24 July 2018

Hosted by the Buying Legal Council and Lawcadia, the event is a powerful platform for buyers and sellers of legal services to network and learn, share best practices, launch new initiatives, get motivated, and inspire the legal industry as a whole. The conference encourages dialogue, discussion and formal and […]

Kai niklas

Driving innovation in the legal industry

Introduction Emerging technologies are creating significant waves of disruption impacting economies, industries and societies across the globe. Companies are struggling to keep pace with technological developments, whether maintaining agile business environments to leverage advanced technologies or creating the right risk and compliance strategies to plan and […]