US law firms set their sights on Asia
Phil Bolton of Global Atlanta reported yesterday that “With its acquisition of a California firm completed and the opening of a new office in Korea, the law firm of McKenna Long & Aldridge LLP will be increasingly committed to international work and focusing even more intently on […]
Will Hong Kong’s law firms adapt to new competition?
LegalWeek.com reported this week that Australia-based fixed-fee law firm AdventBalance “has brought its unconventional business model to Hong Kong with the opening of an office in the city”. The firm “seconds senior lawyers to clients’ offices for specific projects and transactions; agreeing a fixed payable amount for the […]
Myanmar’s first investment bank reflects the region’s opportunity for professional services firms
The opening of the Myanmar economy to international trade and the democratization of the country has been widely reported around the world in recent months. As the New York Times reported: “After years of stagnation, change is coming to Myanmar at a rapid pace. Since taking office […]
Hong Kong legal social media entrepreneurs gaining traction
I met Stephen Lai, Managing Director of Hong Kong-based Conventus Law, in the eclectic Sheung Wan district, blending traditional and modern, located a mile away from Hong Kong’s gleaming office towers. A former Associate Publisher of Euromoney Legal Media Group (titles include IFLR, China Law & Practice, […]
Malaysian legal market opening to foreign firms
As Star Online reported from Kuala Lumpur, the Malaysian Parliament — The Dewan Rakyat — passed the Legal Profession (Amendment) Bill of 2012, which will soon allow foreign lawyers to open offices and practice law in Malaysia. What practices will foreign law firms be permitted to establish? Lee […]
Hong Kong, China gateway: An interview with Deacons Executive Partner, Jeremy Lam
Hong Kong is both a gateway into China, but also as a conduit for Chinese outbound foreign investment. As the China Daily reported recently, echoing a sentiment expressed earlier this year by Deacons Executive Partner Jeremy Lam in an interview in BusinessWeek. During the first half of […]
India’s legal industry growing rapidly
India’s legal services industry is growing at a rate of approximately 40% per year, according to a report by Daisy Khanna, of KPO Consultants, a New Delhi-based consulting company which provides business solutions exclusively to the Legal Process Outsourcing (LPO) industry. While driven in large part […]
Opportunities for law firms in US-Korea trade
The Inter-Pacific Bar Association Annual Meeting begins tomorrow in Seoul – and this provides a good opportunity to outline what opportunities exist for lawyers in Korea and the US to capitalize upon the growing bilateral trade relationship between the two countries. Some background Just over one […]
Chinese law firm Yingke enters the Israeli legal market
The Lawyer magazine (UK) has reported that Chinese law firm Yingke has entered the newly liberalized Israeli legal market. The Lawyer reported that Yingke “merged with Israeli boutique firm Eyal Khayat Zolty, Neiger & Co, for its first step into the jurisdiction. The local firm has rebranded itself […]
Latin America–Asia trade growth offers law firms new opportunities
The high growth and increasingly mutually engaged economies of Latin America and Asia offer significant new business development opportunities to law firms and other professional services firms – provided they put in place and execute plans to effectively secure new cross-border business. Latin America – Asia […]
Foreign law firms can now access South Korea’s legal market
As a result of two recent landmark free trade agreements between South Korea, the European Union and the United States — the South Korean legal market will now be open for American and European law firms. According to Ranajit Dam’s article in Asian Legal Business, South […]
Impact of Asian legal market liberalization outlined at Seoul conference
A panel discussion at the Inter-Pacific Bar Association Annual Conference in Seoul, Korea last week focused on the impact of legal market liberalization on specific legal jurisdictions in the Asian legal market. Lawyers practicing in India, Singapore, Malaysia, Hong Kong, and Korea made presentations highlighting the […]
Asia Legal Market Projected to Double by 2017
6-7% growth in Asia’s legal services sector over the next 7-8 years is projected to transform the global legal services market‘s composition and structure, presenting a significant opportunity for law firms in Asia. Legal services market management consultant Alan Hodgart recently outlined these statistics at an […]